Open Banking is a proven technology with proven use cases, and in the UK, perhaps its spiritual home, user numbers continue to rocket - there are now more than 6 million active Open Banking customers there. However, some other markets are looking on and wondering what the fuss is about. This was surprising to me. And it was surprising to today’s guest, Nick Tuttelberg of DirectID. After all, there’s not a business alive today that wouldn’t want better data, and Open Banking provides some unique ways to generate and leverage data. But it seems the concept is still misunderstood in some sectors, so Nick and I take a step back and look at how a market like South Africa could benefit from encouraging Open Banking.As we mention in our chat, this is the second time I have interviewed someone from DirectID, so if you’d like to deeper dive into the company and its mission, you can listen to my chat with its founder, James Varga, in episode 36 of this show: https://www.howtolendmoneytostrangers.show/episodes/episode-36But you can learn more about DirectID on their (recently redesigned and now looking very lovely) homepage https://www.direct.id/ or via LinkedInLinkedIn is also a good place to find Nick if you’d like to start your own Open Banking journey, he’s here: https://www.linkedin.com/in/nicholas-tuttelberg-87bb0628/You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.ShowRegards,Brendan Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.