FDATA in the News

Steve Boms argues that if the Canadian government is serious about supporting consumers’ financial wellbeing and encouraging competition, it must prioritize the open finance file to give all Canadians the modern financial system they deserve.

Steve Boms pushes back against the idea that open banking in any way contributed to the liquidity crises recently faced by several US banks, and stressed that completion of the Section 1033 rule should not be impacted by these developments.

Steve Boms emphasizes that governance is the crucial foundation of Canada’s Open Banking framework, stating that a strong and impartial governance entity with well-defined responsibilities is necessary for the successful launch of Open Banking and its evolution into an Open Finance system over time.

Steve Boms is quoted in this Betakit piece expressing disappointment at the lack of progress in Budget 2023 toward the implementation of Canada’s open banking regime,

Steve Boms shares his insights into the collapse of Silvergate, SVB, and Signature Bank and how US regulators prevented the crisis from spreading.

Steve Boms sat down with Mahi Sall of NCFA to discuss FDATA North America’s work in promoting open banking and Canada’s progress toward implementation.

FDATA once again contributed an article to The Paypers for their annual report on the status of open banking around the globe.

Steve Boms is quoted in this piece in Bloomberg Law which discusses the CFPB’s developing Section 1033 rulemaking and issues related to data security and liability

In this Op-Ed, Justin Santopietro argues that the development of a Self-Regulatory Organization (SRO) will be critical to the long-term success of cryptocurrencies.