FDATA Open Thoughts

Open Thoughts is an initiative that brings together various voices and experts from our team and members about distinct topics within open data, open banking, and open finance. It serves as a space for discussion and reflection about the present and future of data. Even more so, it demonstrates our dedication to active involvement within the ecosystem, and FDATA’s purpose as an advocate for innovation, data rights, and healthy competition.

Finexos’s Darren Smith on Financial Inclusion

I Increasing financial inclusion is vital in supporting the financial wellbeing of individuals and SMEs and to drive economic growth. In the UK, the government plays a crucial role in enabling financial inclusion. For example the House of Commons Treasury Committee Inquiry into SME Finance, the establishment of the Centre for Finance, Innovation and Technology […]

Video Member Spotlight: Xero

This month’s FDATA Member Spotlight features Michael Cascone, Vice President, Government Experience, Americas, Xero.

Video Member Spotlight: Ozone API

This month’s FDATA Member Spotlight features Eyal Sivan, General Manager, North America, aka. Mr. Open Banking, Ozone API.

Video Member Spotlight: ByAllAccounts

This month’s FDATA Member Spotlight features Brian Costello, the Head of ByAllAccounts Data Aggregation Strategy and Governance at Morningstar Wealth.

Video Member Spotlight: Portabl

This FDATA Member Spotlight features Nate Soffio, Co-Founder and CEO of Portabl.

Video Member Spotlight: Envestnet

This month’s FDATA Member Spotlight features Lisa Novier, Head of Governance, Risk and Compliance at Envestnet Data Analytics.

Video Member Spotlight: Method Financial

This month’s FDATA Member Spotlight features Mit Shah, COO and Co-Founder of Method Financial.

Video Member Spotlight: Questrade

This FDATA Member Spotlight features Christine Day, Chief Information Officer at Questrade.

Video Member Spotlight: EQ Bank

This month’s FDATA Member Spotlight features Cathy Ly, Vice President of Customer Experience and Operations at EQ Bank.

Video Member Spotlight: Flinks

This month’s FDATA Member Spotlight features Dominique Samson, VP of Corporate Affairs at Flinks.

Video Member Spotlight: Betterment

This month’s FDATA Member Spotlight features Josh Rubin, Associate General Counsel of Betterment.

Video Member Spotlight: Trustly

This month’s FDATA Member Spotlight features Pete Ohser, Director, Americas for Trustly.

Video Member Spotlight: Codat

This month’s FDATA Member Spotlight features Gabby Macsweeney, Head of Communications and Public Policy for Codat.

Video Member Spotlight: Morningstar ByAllAccounts

This month’s FDATA Member Spotlight features Katy Gibson, Head of Product for Morningstar ByAllAccounts.

Video Member Spotlight: Xero

FDATA North America member Xero is a cloud-based accounting software platform for small businesses with more than 3 million subscribers globally. This Member Spotlight interview features Faye Pang, Xero’s Country Manager for Canada.

Video Member Spotlight: MX

FDATA member MX has been a leader in the open banking movement in North America with their approach to modern connectivity. In this interview, Chief Advocacy Officer Jane Barratt explains how the company has been on the front lines of promoting open baking to the public and policymakers.

Member Spotlight: Xero

Xero is a cloud-based accounting software platform for small businesses with more than 3 million subscribers globally. Through Xero, small businesses and their advisors have access to real-time financial data at anytime, anywhere, and on any device.

Member Spotlight: TransUnion

TransUnion has been on the cutting edge of consumer data technology for more than half a century and is one of the world’s leading global information and insights companies. TransUnion serves consumers in more than 30 countries on five continents. In the United States alone, more than 166 million people have received free access to their credit information through TransUnion or its partners.

Member Spotlight: Petal

Technology has changed the way people bank, invest, and manage their money. Petal takes a new approach to consumer credit, enabling customers to use their own bank account data – rather than a traditional credit report – to access safe and affordable financial products and services and to build credit, avoid debt, and spend responsibly.

Member Spotlight: Morningstar

Morningstar empowers investor success by providing independent investment data, research, and analysis to investors of all kinds. This spirit of independence and transparency ignited in 1984, when Joe Mansueto left his job as a stock analyst. Today, Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data.

Member Spotlight: MX

Founded in 2010, MX helps organizations everywhere connect to consumers’ financial data to deliver intelligent and personalized money experiences. MX leads the industry with the most secure, reliable and direct API connections to the world’s top financial institutions using the most advanced AI and machine learning enhancement engine to categorize transaction data with 98 percent coverage. By connecting with 16,000 financial institutions and fintechs, MX provides the industry’s most reliable and secure data connectivity network reaching more than 200 million consumers worldwide.

Member Spotlight: Basis Theory

Basis Theory has built a developer platform for encryption and tokenization that can accommodate any type of data (including sensitive payments data). The company, launched in 2021 and fully distributed, helps financial services and financial technology clients stay in complete control of their customer’s data without taking on the compliance burden. The company was built during the COVID-19 pandemic, when, overnight, consumers become even more reliant on technology to shop, order take out, see their doctor and, of course, bank. Over those months of isolation, founders Brian Billingsley, Colin Luce, and Ben Milne and their team of engineers “built a secure PCI-compliant foundation to enable the collection and storage of payments data” on the Basis Theory platform.

Member Spotlight: Marble

What sort of promise does open banking and customer-directed finance hold for Canadians? As Marble Financial CEO Karim Nanji has said, “The amalgamation of customer data provides an opportunity for Marble to offer and deliver more efficient processing and approvals of credit solutions. Ultimately, we collect the customers goals which along with the consolidation of financial data creates an opportunity for us and our partners to access this information to provide new services and more robust solutions in the areas of personal finance, money management including savings, investment, tax and insurance.”

Member Spotlight: Interac

In 1984, Canada’s top financial institutions came together to create Interac Association, a cooperative venture dedicated to giving Canadians broader access to their money through a single shared network. Twelve years later, eight of the founding institutions created Acxsys Corporation, a new entity that would develop new business partnerships and services for financial transfer, online […]

Member Spotlight: M Science

M Science is a groundbreaking analytics firm that provides research, data, and pioneering methodologies to financial institutions and corporations. Their experts take unstructured data in near real-time and discern critical insights that help clients make smarter, more informed business decisions. Specifically, the firm provides: Data-driven research that leverages data and domain expertise to provide in-depth […]

Member Spotlight: Intuit

Intuit is a global technology platform that helps customers and communities overcome their most important financial challenges. Serving approximately 100 million customers worldwide with TurboTax, QuickBooks, Credit Karma and Mint, Intuit believes that everyone should have the opportunity to prosper and works tirelessly to find new, innovative ways to deliver on this belief. Founded 38 […]

Member Spotlight: Kabbage

In the wake of the Great Recession, Kathryn Petralia and Rob Frohwein launched Kabbage, a startup whose mission would be to use data-driven solutions to empower small businesses to grow with flexibility, efficiency, and prudence. Since then, Kabbage, which is now an American Express company, transformed itself from a funding startup for eBay sellers into […]

Member Spotlight: SaltEdge

Founded in 2013 , Salt Edge Inc., a leader in creating and providing open banking solutions, takes intercommunications and interoperability between banks, third-party service providers, and their end-users to a whole new level. The company achieves this goal by creating stable, secure connectivity channels between financial institutions and their consumers. For consumers, Salt Edge’s solutions […]

Member Spotlight: BillGO

Founded in 2015, BillGO is driven by the core belief that everyone deserves access to a healthy financial future. BillGO helps facilitate this access by providing consumers, billers, fintechs and financial institutions with a faster, smarter, more secure way to pay and manage bills and subscriptions. So how can bill payment technology improve financial wellbeing? […]

Member Spotlight: Codat

Codat works with small businesses across the globe to help them harness their data in a way that allows firms to grow. Founded in the United Kingdom in 2017, Codat recently expanded its operations into North America. How will businesses in the United States and Canada benefit from this move? During the COVID-19 crisis, Codat’s […]

Member Spotlight: Experian

While Experian is primarily recognized as one of the three nationwide credit bureaus, the company has a diverse business that provides an array of data and analytical tools. At its core, Experian is committed to helping people and businesses take control of their financial well-being and to seize new opportunities. In many parts of the […]

Member Spotlight: ValidiFI

Can open finance positively impact the traditional financial services sector? ValidiFI has proven it can. ValidiFI is a technology company that delivers data solutions to business and financial service providers. Simply: through a combination of technology and strategic partnerships, ValidiFI creates better ways to validate and analyze customer information. ValidiFI’s data—which is sourced from banks, […]

Member Spotlight: Fiserv

Established in 1984, Fiserv is a leading global provider of payments and financial services technology, including data aggregation. Today, the firm, which has been named among Fortune “World’s Most Admired Companies” for eight years running, helps thousands of financial institutions, millions of businesses, and tens of millions of consumers in more than 100 countries move […]

Member Spotlight: Envestnet | Yodlee

A founding member of FDATA North America, Envestnet® | Yodlee® is one of the world’s leading data aggregation and analytics platforms for financial service providers. Our platform has proudly fueled innovation for financial institutions (FIs) and FinTech for more than 20 years, and has refined the art of normalizing, categorizing, and enriching data, making the […]

Member Spotlight: DirectID

  Most consumers are aware that their financial institution holds all kind of information about them that is used to determine everything from interest rates to credit-worthiness. But how could this data be used by small enterprises, and consumers themselves, for consumers’ own benefit? That was the question DirectID CEO James Varga asked about a […]

Member Spotlight: AIR

The Alliance for Innovative Regulation, or AIR, is a nonprofit organization dedicated to bringing financial regulation into the 21st century. What would consumers and small businesses have to gain from this move? According to AIR, improved financial inclusion, better consumer protection, lower rates of financial crime, and continuous innovation that helps them save and earn more and that drives economic expansion.

Member Spotlight: APImetrics

Headquartered in Seattle, FDATA North America member APImetrics offers the fintech industry’s only intelligent, analytics-driven API performance solution built specifically for the enterprise. By interfacing with all current and legacy API protocols, APImetrics helps companies to know if their APIs are performing as designed. Clients include Microsoft, Philips Signify, leading global banks, and mobile telephone carriers.

Member Spotlight: Trustly

Trustly joined FDATA North America to bring more opportunities like these to more consumers in the United States and Canada. “We look forward to helping U.S.and Canadian consumers pay their favorite merchants and billers with our Online Banking Payments service, a modern, simple and safe alternative to cards,” said Alex Gonthier, CEO of Trustly Inc.

Member Spotlight: EQ Bank

EQ Bank is the digital banking platform offered by Equitable Bank, Canada’s Challenger Bank™. Equitable employs more than 900 Canadians and is now the country’s ninth largest independent Schedule I bank. Launched in 2016, EQ Bank provides state-of-the-art digital banking services, including the Savings Plus Account which reimagines banking by offering an everyday high interest rate, plus the flexibility of a checking account, with free transactions, no everyday banking fees, no minimum balances, fast, cheap, and fully transparent international money transfers, and more—all from one account.

Member Spotlight: Flinks

Founded in 2016, Flinks is a Montreal-based company that empowers businesses to provide better financial services to consumers and small businesses. Data security and privacy are among the company’s very top priorities.

Member Spotlight: Fintech Growth Syndicate

Since its founding in 2016, Canada’s Fintech Growth Syndicate (FGS) has won multiple awards and helped companies transform through corporate innovation. FGS is a trusted innovation firm for large international and Canadian corporations, visionary startups, multi-stakeholder organizations, academic institutions, and governments.

Member Spotlight: Questrade

Questrade, an FDATA North America founding member, offers Canadians simpler and more affordable ways to become financially successful and secure. Founded in 1999, the firm is now the country’s fastest growing online brokerage firm, and has been named as one of Canada’s Best Managed Companies for nine consecutive years.

Member Spotlight: Wealthica

In 2015, Martin Leclair and Simon Boulet launched Montreal-based Wealthica to “challenge the status quo of financial institutions and portfolio advisers.” The company continues that mission today by helping tens of thousands of investors see all their investments on a single dashboard.

Member Spotlight: Mogo

Founded in 2003, Mogo is Vancouver-based financial technology company that offers a finance app that empowers consumers with simple solutions to help them get in control of their financial wellness.

Member Spotlight: VoPay

VoPay, whose mission is to digitize online bank account payments with speed, transparency and traceability, joined FDATA North America because it believes creating connections between financial institutions and global digital enterprises will “democratize financial services for everyone.”

FDATA North America June Newsletter

This is the May 2024 edition of the FDATA NA Monthly Newsletter.

FDATA North America May Newsletter

This is the May 2024 edition of the FDATA NA Monthly Newsletter.

FDATA North America April Newsletter

This is the April 2024 edition of the FDATA NA Monthly Newsletter.

FDATA North America March Newsletter

This is the March 2024 edition of the FDATA NA Monthly Newsletter.

FDATA North America February Newsletter

This is the February 2024 edition of the FDATA NA Monthly Newsletter.

FDATA North America January Newsletter

This is the January 2024 edition of the FDATA NA Monthly Newsletter.

FDATA North America December Newsletter

This is the December 2023 edition of the FDATA NA Monthly Newsletter.

FDATA North America November Newsletter

This is the November 2023 edition of the FDATA NA Monthly Newsletter.

FDATA North America October Newsletter

This is the October 2023 edition of the FDATA NA Monthly Newsletter.

FDATA North America September Newsletter

This is the September 2023 edition of the FDATA NA Monthly Newsletter.

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