In this episode I chat with Rich Edwards, CEO of Mindspan systems, about the changing tech and data landscape for Financial Institutions, especially big banks vs. regional ones - how Mindspan turns tech into a commodity and data from what was once a regulatory liability into a democratized operating asset. In this age of consolidation we chat about how data is the smaller banks’ secret weapon to improve service, add innovation and combat bias in financial data that has historically barred access to services from underrepresented communities. We also chat about how financial data is shared more broadly among financial institutions through the Open Banking framework and what that means for privacy and competitiveness.