How Open Banking Is Solving the UK’s £89bn Dormant Asset Crisis | Varun Aggarwal, Founder and CEO of Know Your Dosh

£89 billion is sitting in the UK, and families don’t even know it exists.

In this episode, recorded live at FinTech Connect 2025, Carl Charlson speaks with Varun Aggarwal, Founder and CEO of Know Your Dosh, about the structural problem behind dormant wealth and how Open Banking may offer a scalable solution.

Varun shares the personal experience that led him to build Know Your Dosh, and explains why so many families lose visibility of financial information when one person manages everything. We explore how Open Banking and Open Finance APIs can help centralise asset information, improve financial continuity, and create new partnership opportunities for banks and financial institutions.

The conversation also examines the global scale of the issue, with hundreds of billions of dollars sitting dormant beyond the UK, and what this means for the future of customer-centric financial services.

If you’re interested in Open Banking, digital wealth infrastructure, regulatory innovation or the evolution of financial technology, this episode offers practical insight into a problem hiding in plain sight.

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