Contact: Laine Williams, (202) 897-4757, lwilliams@allonadvocacy.com
Washington, DC, September 23, 2025 – The Financial Data and Technology Association (FDATA), a trade association representing more than 30 financial technology companies and consumer-permissioned data access platforms in Canada and the United States, today announced that Karim Nanji, Chief Executive Officer of Inverite Insights Inc., has been elected to its Board of Directors. Nanji brings more than two decades of leadership experience across fintech, payments, and technology, strengthening FDATA’s work to advance open banking and open finance.
“I’m honored to join FDATA’s Board at a pivotal moment for our industry,” said Karim Nanji, CEO of Inverite Insights Inc. “FDATA has been a critical voice in ensuring consumers and small businesses can securely access and share their financial data. I look forward to contributing Inverite’s perspective as we continue driving innovation, inclusion, and competition in financial services.”
Steve Boms, Executive Director of FDATA, welcomed Nanji’s appointment: “Karim’s deep expertise in building trustworthy, customer-permissioned solutions that support financial access and inclusion will be a great asset to our Board. His hands-on experience in secure bank connectivity and fraud prevention will be invaluable as FDATA works with policymakers in the United States and Canada to establish a modern framework for open finance.”
Nanji has served as CEO of Inverite Insights Inc. since 2019, guiding the company’s growth as a Canadian pioneer in real-time bank verification, risk insights, and identity tools. He previously held senior leadership roles at Progressa, Crelogix Acceptance Corporation, TIO Networks Corp., and 2xt Marketing Company, with a consistent focus on building technology-driven solutions that empower consumers and businesses alike. Nanji holds an MBA in Management of Technology from Simon Fraser University and a Bachelor of Arts in Economics from the University of British Columbia.
With his election, Nanji joins a diverse group of fintech and financial services executives on the FDATA Board of Directors who collectively guide the association’s advocacy to protect consumer data rights and foster a competitive, innovative financial ecosystem.
About Inverite Insights Inc.
Inverite Insights Inc. is a Vancouver-based provider of software-as-a-service (SaaS) and risk-model-as-a-service (RMaaS) solutions delivering real-time bank verification, identity, and credit risk insights. Serving financial institutions, fintechs, and enterprises across Canada, Inverite’s data-driven tools expand access to financial services for underserved markets, backed by SOC 2® Type II certification that validates its commitment to security, availability, and confidentiality.
About FDATA
The Financial Data and Technology Association (FDATA) is a trade association representing more than 30 financial technology companies and consumer-permissioned data access platforms. FDATA works with policymakers, regulators, and industry stakeholders to advance open finance frameworks that empower consumers and small businesses to securely access and share their own financial data.
