FDATA in the News

Steve Boms and Dan Murphy join Alex Johnson for a discussion on the future of agentic finance. They explore FDATA's Write Access Working Group (WAWG) white paper's Read, Instruct, and Transact framework, the governance needed for AI-powered financial services, and why existing legal and regulatory frameworks may already provide the foundation for responsible innovation.

FDATA Executive Director Steve Boms joined RegFi co-hosts Jerry Buckley and Sherry Safchuk for an in-depth discussion on the future of consumer-permissioned financial data, the evolving outlook for the CFPB's Section 1033 rule, and the policy debates shaping open banking in the United States. The episode also previews FDATA's forthcoming policy report on agentic AI, exploring how existing legal and regulatory frameworks can support AI-driven financial services while safeguarding consumer privacy, security, liability, and trust.

FDATA's Chair, Christine Day, ICD.D, and Vice Chair, Kat Cloud, were featured in Fortune's Most Powerful Women Daily, which highlighted their appointments among notable leadership moves across the business, finance, and technology sectors. The recognition reflects the growing influence of FDATA's leadership as the organization continues to advance consumer-permissioned financial data and open finance around the world.

FDATA was featured in BetaKit following the release of the federal government's proposed consumer-driven banking regulations, highlighting the significance of the draft framework as Canada moves closer to implementing open banking. Steve emphasized that the proposed rules establish a broad open finance framework covering banking, lending, investment, and payment account data, while noting that the absence of FDATA's proposed "sponsored fintech" accreditation model could create barriers for smaller fintech firms seeking to participate. He underscored the importance of finalizing a proportionate accreditation framework and technical standards that promote innovation, competition, and broad participation as the regulations move through the public consultation process.

Steve was featured in BetaKit discussing Canada’s progress toward implementing consumer-driven banking and the importance of ensuring the framework supports innovation, competition, and consumer choice. He highlighted FDATA’s proposed “sponsored fintech” model, which would enable smaller fintech firms to participate in the open banking ecosystem through partnerships with accredited entities, helping to prevent market concentration and expand access to innovative financial services. Steve also emphasized the importance of finalizing accreditation requirements and technical standards to support a secure, competitive, and inclusive open banking framework in Canada.

Steve joined the Fintech Newscast podcast to discuss the future of consumer-permissioned financial data rights, including the evolving status of Section 1033 in the United States and Canada's progress toward implementing open finance. He underscored the importance of ensuring consumers retain control over their financial data while advancing the transition toward secure, API-based data sharing. Steve also explored the opportunities and governance considerations associated with agentic AI in financial services, emphasizing the need for appropriate guardrails that foster innovation while protecting consumers.

Steve joined Open Banking Expo Unplugged host Ellie Duncan for a discussion on the evolving state of open banking in the United States and Canada. The conversation explored ongoing regulatory developments, the growing adoption of consumer-permissioned financial data tools, and the implications of policy uncertainty for consumers, fintechs, and financial institutions. Steve also shared his perspective on Canada’s transition to consumer-driven banking, key implementation challenges ahead, and how policymakers can support innovation while maintaining consumer protections. The episode concluded with a preview of FDATA’s 2026 Global Open Finance Summit in Toronto and a discussion of emerging issues shaping the future of open finance.

Steve joined the Investing News Network podcast to discuss Canada's transition from open banking legislation to implementation following the passage of Bill C-15. He emphasized the importance of adopting a proportional accreditation framework that supports innovation and broad participation, cautioning that overly restrictive models could lead to market concentration. Steve also highlighted the need for clear technical standards, enforceable timelines, and strong coordination among stakeholders to ensure Canada's consumer-driven banking framework delivers greater competition, enhanced consumer choice, and expanded access to financial services.

Steve was featured in a Finextra article discussing the current state of open banking and Section 1033 in the U.S., emphasizing that while regulatory momentum has slowed, consumer-permissioned data access continues to evolve through commercial agreements and fintech innovation. He highlighted growing use cases around cash flow underwriting, the long-term importance of secure API-based data sharing, and the need for adaptable frameworks as agentic AI and new financial technologies reshape how consumers interact with their financial data.