FDATA in the News

The American Banker highlights FDATA's recent White Paper on Agentic Fintech and Write Access for offering recommendations for handling liability and authorization of agentic AI transactions.

Steve Boms, executive director of the Financial Data and Technology Association of North America, a pro-open banking industry association, said Ottawa wants to ensure that the data standards body has Canadian governance and oversight. “It is a challenge that they’ve been working toward with regard to how to make a made-in-Canada open banking framework when you’re relying on a standard that was started elsewhere,” he said.

In an interview after the 2026 Global Open Finance Summit last month, Steve Boms, executive director of the Financial Data and Technology Association, said the earliest consumers could get access to open banking tools would be toward the end of 2027.

Steve Boms was quoted in American Banker on the CFPB’s forthcoming revised Section 1033 open banking proposal. The article examines reports that the new framework could allow financial institutions to charge third parties for data access and highlights FDATA’s position that consumers must retain the right to securely access and share their financial data without fees.

The Paypers highlighted FDATA's new white paper, Access to Action: Agentic Fintech & Write Access, which outlines a practical governance framework for AI-powered financial tools that can act on behalf of consumers and small businesses. The article emphasizes FDATA's recommendation to build on existing consumer protection, payments, and data governance frameworks to enable secure write access and support the next phase of open finance innovation in the United States and Canada.

FF News highlighted FDATA's Access to Action white paper, which proposes a practical policy framework for governing agentic fintech and AI-enabled write access without creating an entirely new regulatory regime. The article focuses on FDATA's "Read, Instruct, and Transact" framework and its recommendations to strengthen consumer data rights, clarify liability for automated write-access activities, and enable standing authorizations for AI-powered financial tools operating within consumer-defined parameters.

Open Banking Expo covered FDATA's release of its white paper, Access to Action: Agentic Fintech & Write Access, highlighting its proposed principles-led framework for governing agentic and AI-powered fintech tools. The article emphasizes FDATA's recommendation to build on existing legal and regulatory frameworks for data access, payments, consumer protection, and fiduciary responsibilities to enable customer-authorized write access while supporting innovation, consumer trust, and the continued evolution of open finance in the United States and Canada.

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.