The Financial Data and Technology Association of North America: aggressively advocates for the rights of consumers and small businesses to have full utility of their financial data under a well-regulated and evenly-applied open banking regime; draws attention to anticompetitive behaviour in the marketplace that threatens consumers’ and small businesses’ financial data rights; and asserts before policymakers, industry stakeholders, and interested parties its expertise, gleaned from experience in other markets globally, regarding consumer and small business data rights and protections and the use of technology by regulatory agencies to deliver more efficient, innovative policy environments.
What we are doing in North America
FDATA North America continues to advocate for the rights of consumers and small businesses in the United States, Canada, and Mexico to have full utility of their financial data under a well-regulated and evenly-applied open finance regime.
Through our work, we provide input to policymakers and market stakeholders regarding the most appropriate regulatory and legal frameworks under which to provide for a consumer-centric financial ecosystem.
Regional Director
Steve Boms, Executive Director of the Financial Data and Technology Association of North America, has more than 15 years of experience working inside government, public and private companies, trade organizations, and the technology industry, and assists member companies and clients in working with policymakers in Washington, in statehouses across the United States, and internationally. Steve has spent his career focused on complex financial services public policy issues, having worked in the United States Congress on the committee with jurisdiction over banking issues. He has led advocacy efforts and public policy teams globally for equity options exchanges, large U.S.-based financial institutions, and leading fintech firms. A recognized expert in the intersection of financial technology and public policy, Steve has testified before the United States Senate, the Senate of Canada, and the Organisation for Economic Cooperation and Development regarding financial services and technology.
In addition to working directly with FDATA North America’s members, he is a frequent conference panelist and his perspective is solicited by reporters on the technology, financial services, and regulatory beats.
Steve is also the President and founder of Allon Advocacy, LLC, a public policy firm that helps technology, fintech and financial services firms navigate complex public policy and public affairs environments around the world.
What do you get for memberships?
We lobby government, regulators, policy makers and key stakeholders to support the benefits Open Banking and Finance brings to end consumers.
We represent our members’ views, giving them a collective seat at the industry negotiation table. We hold seats on a number of policy working groups, expert advisory groups, and task forces related to Open Banking. In these various forums, we ensure the risks and impacts to fintechs are considered, and that a collective position on the solution to these matters is presented to decision makers. We provide collective bargaining and negotiating power that individual firms cannot achieve on their own.
We also provide direct access and engagement to these decision makers for our members, with regular opportunities to speak directly to policy makers in industry roundtables we host.
FDATA gives members forward intelligence on key policy matters, changes, and trends. Our members can participate directly in various working groups, who serve to shape FDATA’s policy positions and recommendations.
We offer our member firms individual consultations on various policy, market positioning, and market expansion strategies. This service extends to introductions to potential partners across the ecosystem, from direct connections to opportunities to socialise with other ecosystem players at our hosted events and industry roundtables.
Annual subscription for membership of FDATA is based upon the employee headcount a company maintains in each region. Please contact the Region Director directly to discuss the benefits of membership and pricing applicable to your regional presence.
Membership Categories
1.
1-9 employees
2.
10-19 employees
3.
20-49 employees
4.
50-99 employees
5.
100-249 employees
6.
250-499 employees
7.
500+ employees
Video Member Spotlight: Envestnet
This month’s FDATA Member Spotlight features Lisa Novier, Head of Governance, Risk and Compliance at Envestnet Data Analytics.
FDATA North America Releases Data Privacy Principles
FDATA North America and its 30+ member companies today released a set of principles to govern the usage, disclosures, liability, oversight, and technology involved in open finance ecosystems.
Video Member Spotlight: Method Financial
This month’s FDATA Member Spotlight features Mit Shah, COO and Co-Founder of Method Financial.
FDATA North America Submits Comment Letter in Response to CFPB Section 1033 SBREFA Outline of Proposals for Consideration
FDATA North America submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) in response to its Outline of Proposals for Consideration for the Small Business Regulatory Enforcement Fairness Act (SBREFA) implementing Section 1033 of the Dodd-Frank Act.
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.
FDATA North America Applauds CFPB’s Release of Small Business Panel Proposals for Section 1033 Rulemaking
October 27, 2022 Washington, DC- Following today’s Consumer Financial Protection Bureau publication of proposals for the upcoming Small Business Regulatory Enforcement Flexibility Act (SBREFA) panel for the Dodd-Frank Section 1033 rulemaking, FDATA North America Executive Director Steve Boms released this statement.
Video Member Spotlight: Flinks
This month’s FDATA Member Spotlight features Dominique Samson, VP of Corporate Affairs at Flinks.
FDATA North America Highlights Importance of API Standards and Monitoring
September 29, 2022, Washington, DC- FDATA has developed four principles that will be critical to the design of a well-implemented API environment in North America.
FDATA North America Submits Comments to Canada’s Standing Committee on Finance Pre-2023 Budget Consultations
September 26, 2022, Washington, DC – Today, FDATA North America submitted comments to Canada’s Standing Committee on Finance (FINA) as part of its pre-budget consultations in advance of the 2023 budget.
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