Canada Open Banking Open Finance

FDATA North America Statement on Department of Finance Canada Open Banking Report

January 31, 2020, Washington, DC – The Department of Finance Canada today released Consumer-Directed Finance: The Future of Financial Services, which is the result of more than nine months of consultation with stakeholders in the financial services and financial technology sectors. Financial Data and Technology Association (FDATA) of North America Executive Director Steve Boms issued the following […]

Fintech Open Banking Open Finance

Why Fintech Challengers May Not Conquer Banking After All (Bill Streeter, The Financial Brand)

Fintech challenger banks expected their own version of Julius Caesar’s famous line: “I came, I saw, I conquered.” The challengers have certainly enjoyed some notable successes, but they remain far short of conquest, and questions are beginning to arise among knowledgeable observers about whether the would-be conquerors are quite as formidable as predicted. Alan McIntyre, […]

Canada Open Banking Open Finance UK

UK Call for Input: Open finance (Canadian Senator Colin Deacon’s post on Linked-In)

Britain’s FCA has just issued a Call for Input. The purpose is to continue to examine the risks and opportunities associated with hashtag#OpenBanking, and move the discussion to hashtag#OpenFinance: “Open banking is the first data sharing and data access initiative of this scale to be underpinned by legislation requiring industry institutions to provide access to […]

Open Banking Open Finance

H2O.ai selected by Credit Suisse for DTR program (Megha Bhattacharya, ibis Intelligence.com)

AI and Machine Learning solutions provider, H2O.aiannounced that it has been selected by Credit Suisse as a member of the 2019 Disruptive Technology Recognition (DTR) Program. The program aims to recognise the companies with technologies enough to disrupt traditional IT with new, visionary, and innovative approaches. “At Credit Suisse, technology innovation is key to providing the […]

Open Banking Open Finance UK

UK Regulator Looks To Expand Open Banking Beyond Banking (pymnts.com)

In the U.K., Open Banking could be expanded soon to allow for data sharing between a much larger range of finance companies, according to the Financial Conduct Authority (FCA). Open Banking allows bank customers to share their financial data with other people and companies. In turn, those companies may have recommendations to switch to a different financial […]

Insurance Open Finance

Transforming the insurance sector to an Open API Ecosystem (Jori Lochy, finextra.com)

Below is a snippet from the article, which is quite involved and worth a careful read. The full article is at  https://www.finextra.com/blogposting/18255/transforming-the-insurance-sector-to-an-open-api-ecosystem Impacts on the Insurance industry The insurance landscape is undergoing its most fundamental transformation in decades, driven by the fast digitalisation in the sector. Just like the entertainment, media and retail industry, the […]

Credit Data Leadership Open Finance

Inside the Experian DataLabs with Eric Haller (Zack Miller, tearsheet.co)

We continue to see lots of consolidation across the financial services industry. In fact, a lot of traditional FIs have entire innovation programs designed to tap outside talent. But what if you’re looking for organic growth? If you’re Experian, the global financial data firm, how do you get more out of your existing assets, things […]

Open Banking Open Finance

World’s Best Digital Banks 2019: Let Go Of The Legacy (Gilly Wright, GLobal Finance Magazine)

Improving the customer journey and streamlining internal processes are at the heart of the changes this year’s Best Digital Bank award winners are making. Author: GILLY WRIGHT Dennis Gada, digital transformation leader for Infosys, made the keynote address at Global Finance’s Best Digital Bank Awards ceremony at the Harvard Club in New York City. Digital transformation, most banks […]

Australia Open Banking Open Finance Technology Giants

Facebook, Apple and Google pose threat to big four dominance, says RBA (Clancy Yeates, Sidney Morning Gerals smh.com.au)

The dominant position of banks in the financial system could be challenged by a new wave of high-tech rivals, the Reserve Bank says, highlighting the vast troves of customer data held by the likes of Apple, Google and Facebook. The RBA’s head of financial stability, Jonathan Kearns, on Monday underlined the competition facing banks from the […]

Alternative Data Data Leadership Open Banking Open Finance Payments Videos

Dec 2019 Toronto CDO Executive Summit (Evanta, Gartner) – Video Summary by Simon Brightman

Introductory note & videos Thank you Evanta for the invitation to attend the 2019 Toronto Chief Data Officer Summit. To show my thanks, here is a short summary of the main points I took away from each of the sessions I attended.  You can watch the entire summary (24 minutes total across 6 sessions) or […]