logo
episode-header-image
Mar 2025
24m 33s

1807: Open Banking and The Power of Your...

Farnoosh Torabi
About this episode

This episode is brought to us by Mastercard.


The financial world is changing fast, and as we enter the 10th year of So Money, one of my goals is to keep us updated on the latest innovations and technology shaping our money world…to help you understand what’s coming, why it matters, and how you can leverage these changes to improve your financial life.

Let me start with a quick thought: what if we had the power to unlock opportunities by using our own data — to switch direct deposits in minutes, get faster loans, or use your rent history to build credit?


This is where one of the newest innovations in the finance world enters the picture. It’s called open banking and it’s transforming the financial ecosystem.

Joining me today is someone who is at the forefront of opening banking: Jess Turner, EVP and Global Head of Open Banking and API at Mastercard. Listen as Jess breaks down what open banking is, why it’s the thread tying together this new financial world, and how it’s transforming the way we borrow, save, and spend.


To learn more about Open Banking, visit this comprehensive guide.

Up next
Aug 22
1869: Ask Farnoosh: Managing Windfalls, Inheritance, Severance and More
Today’s show is about managing and making the most of an inheritance and other windfalls. The Great Wealth Transfer is unfolding, with a record number of assets passed down from generation to generation. Members of our audience have specific questions about this, and to help answ ... Show More
46m 38s
Aug 20
1868: The Points Playbook: How to Unlock First Class Travel
We’re talking about the art of traveling smarter, not pricier, and why right now might be one of the best times to find travel deals. Joining is Dan Rodriguez, a travel expert who has turned his decades of globe-trotting into a career helping people earn and maximize points and m ... Show More
51m 45s
Aug 18
1867: Your Brain on Money: The Science Behind Your Last Impulse Purchase
Ever wonder why we take on debt knowing it will cost us — or why flashing a credit card can feel like flashing status? It’s not just poor math or bad habits. It’s biology, psychology, and marketing, all tangled together.In today’s episode, we unpack the psychology of spending wit ... Show More
27m 19s
Recommended Episodes
May 2024
Demystifying Investment Banking: A Day in the Life of a Leveraged Finance Analyst (Part 2)
Join us for the second and final episode of our mini-series, where we delve into the daily responsibilities of a Leveraged Finance (LevFin) Analyst.  Discover how this role stands out within the banking division, and gain insider tips on successfully entering this dynamic field.  ... Show More
16m 28s
Jul 9
Bonus Episode: How Fintech Can Power SMB Growth Through Open Banking
In this special bonus episode brought to you in partnership with Mastercard, Suneera Madhani explores one of the biggest opportunities in fintech today: open banking. If you're a fintech founder building tools for small businesses, this episode is packed with insights to help you ... Show More
9m 12s
Oct 2016
Ep113 – Financial Inclusion: Banking The Next Billion
In this episode This week we had the pleasure of talking to some global thought leaders in the space of Financial Inclusion. This week we welcome onto the show Kosta Peric (@copernicc) who is the Deputy Director, Financial Services for the Poor at Bill & Melinda Gates Foundation. ... Show More
2 h
May 26
881: Don’t Panic! Here’s How to Take Control of Your Finances in an Uncertain Economy
Feeling anxious about the economy or unsure how to take control of your financial life? You’re not alone, and this episode is your toolkit. Haley Sacks, AKA Mrs. Dow Jones, is a self-made financial powerhouse who turned confusion into clarity and turned budgeting into a cultural ... Show More
52m 40s
Sep 2024
897. News: LendInvest announces £500m JP Morgan raise, Enfuce launches 2-in-1 card for Europe, Open Banking roadmap completed
Join host Benjamin Ensor, along with some great guests as we discuss the biggest fintech and financial services news this week.Topics covered include: Lendinvest raises £500m from JP Morgan as NatWest joins the Open Property Data Association, Enfuce announces the UK’s first ever ... Show More
55m 18s
Mar 2024
The Bankers’ New Clothes Part One
This weekend we're joined by Anat Admati, co-author of The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It. New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis, and ... Show More
21m 27s
Mar 2025
How Digital Banking Helps Investors Manage Money Efficiently Tomas Navickas
Episode Topic In this episode, we dive into the world of fintech innovation with Tomas Navickas, the CTO and co-founder of myTU. He shares insights on how myTU is transforming digital banking and enhancing financial accessibility. As a leader in the industry, Tomas discusses the ... Show More
27m 37s
Jun 16
887: Mindset, Money & Manifestation: What’s Really Holding You Back (...and How to Fix It)
What if the path to more wealth, clarity, and success wasn’t about pushing harder but about shifting how you show up entirely? I’m so thrilled that Mimi Bouchard is back on the show. You might remember her from Episode 771 where we talked about manifestation and building a life y ... Show More
1h 2m
Jul 16
The Jamie Dimon Interview
We sit down with Jamie Dimon for a live conversation at Radio City Music Hall, covering the incredible journey from his 1998 firing at Citgroup (where he was widely expected to become CEO) to building the most powerful bank in the world. Today JPMorgan Chase is a juggernaut — the ... Show More
1h 6m
Mar 2024
How JPMorgan thrived amid a banking crisis
It’s been a year since Silicon Valley Bank’s collapse left everyone worried that the US’s banking sector sat on shaky ground. Despite that turmoil, one bank stands out: JPMorgan Chase. The largest bank in the country, JPMorgan took home record profits in 2023, and its dominance l ... Show More
17m 51s