Insights
March 31, 2026

Confidence gap: open finance's risk and liability blind spot

Confidence gap: open finance's risk and liability blind spot
Short answer

Open finance is moving fast. Risk frameworks are not keeping pace. Invela's report examines the governance gap and who must fix it.

Key takeaways

  • Open finance is moving faster than the risk frameworks governing it.
  • When a fintech connects to a credit union and something fails, the credit union is left holding the liability despite having no say in who connected.
  • The opening keynote at Fintech Meetup 2026 brought together the NCUA chair and the FCA's chief data, information and innovation officer.
  • The report covers what it takes to make open finance safe enough to work at scale.

Open finance is moving fast. The risk frameworks governing it have not kept pace.

When a fintech connects to a credit union and something goes wrong the credit union - the institution that had no say in who connected to its customers - is left holding the liability.

That's not a technology problem. It's a governance problem.

At Fintech Meetup 2026 in Las Vegas, the opening keynote brought together two senior regulators - Kyle Hauptman, Chair of the US' National Credit Union Administration, and Jessica Rusu, Chief Data, Information and Innovation Officer of the UK's Financial Conduct Authority - to answer one question directly.

What does it actually take to make open finance safe enough to work at scale?

Download the report to find out what they said.

Download report

Next step: see Risk Indicator

Get a benchmarked risk score for your open finance connections.

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Louise Beaumont
Written by
Head of Marketing, Communications & Design

Louise Beaumont leads marketing, communications and design at Invela, with 30+ years in tech and fintech and 15+ in open banking and open finance.

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