APIS and open banking – however that term is defined – are set to transform financial services by empowering consumers to share data with third parties. This means new businesses will develop that will orbit banks, and the consumer experience may be forever changed. Furthermore, APIs allow banks a measure of control and security screen-scraping did not – so why aren’t more banks embracing this new reality? Silicon Valley Bank is, and Head of APIs and Open Banking, Dan Kimerling explains how his bank is doing things today. Kimerling founded two startups, and now works at a bank and co-runs a venture capital firm, so it’s not an exaggeration to see he’s done it all and seen just about everything there is to see in fintech. He also shared some views on blockchain and mobile payments in this episode.