Open banking aims to revolutionize data sharing by giving individuals full control over their data - deciding who can access it, for what purpose, and for how long. Instead of personal data being locked in silos and exchanged without consent by an opaque and precious few, this shift empowers people to gain value from their data for themselves, using it, trading it and protecting it as they see fit, while engaging in the data sharing economy. In this episode, Eyal dives into these possibilities with fintech visionary Ghela Boskovich, Head of FData Europe and founder of FemTech Global. By putting control back into the hands of individuals, Ghela envisions a future where consumers can derive personal economic benefits by deciding how, and with whom, their data is shared. They explore the foundational keystones of this economy, the varying approaches nations are taking to implement it, and the transformative potential of a more equitable digital landscape.
Specifically they discuss:
- Data as a renewable resource
- Concentration of data in few hands
- Keystones of the data sharing economy
- Global regulations and perspectives
- A more just approach to training AI