Who controls financial data in Canada? How will the ultimate arrival of open banking change that? In our fifth episode of Mr. Open Banking, Eyal comes home to Canada to discuss the challenges and opportunities surrounding the Canadian ecosystem with Senator Colin Deacon. Prior to joining the Canadian Senate in Nova Scotia, Senator Deacon ran several global technology businesses and today is a vocal advocate for open banking in Canada. During their conversation, they touch on data privacy, financial transparency, and the balance between regulatory and market demand.
Specifically, Colin and Eyal discuss:
What the financial landscape in Canada currently looks like;
The importance of consumer data rights;
Why financial transparency is needed to share information between institutions;
What pushback has occurred when advocating for a more open, democratic financial system.
To learn more about Colin, check out the following:
Website: https://sencanada.ca/en/senators/deacon-colin/
Twitter: https://twitter.com/colindeacon?lang=en