{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ab6fe42bb6ddf45527e077e/6026ce9e1cc62a700aa94860?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Open Banking 5: Wrap Up with Clayton Feick | E163","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5ab6fe42bb6ddf45527e077e/1613155669622-409b895de0311d9b8f02143b1de827ed.jpeg?height=200","description":"<p>In this 163rd episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Clayton Feick (Flinks) to go over the fundamental concepts of Open Banking!</p><p><br></p><p>Episode Highlights:</p><ul><li>1:33 – Clayton Feick gives an update on his role at Flinks.</li><li>3:07 – Jason and Clayton discuss the leveraging of data with Open Banking.</li><li>4:01 – What is Open Banking in layman's terms?</li><li>5:22 – Clayton explains screen scraping as a way to access data.</li><li>6:45 – Jason and Clayton break down the current barriers to user data.</li><li>11:10 – Clayton discusses the banks’ struggles to adapt to a new environment.</li><li>14:01 – Was there anything of note that came up during Clayton’s global panel?</li><li>16:15 – Jason and Clayton discuss innovation and regulation coming together on a global scale.</li><li>20:34 – Jayson and Clayton dive into the responsibilities of regulators and legislators surrounding data rights.</li><li>22:31 – How does the Open Banking framework go about its security?</li><li>25:54 – If Clayton could change one thing about the industry, what would it be?</li><li>27:37 – What has been the biggest challenge in getting Flinks to where it is today?</li><li>28:52 – What excites Clayton the most about what he is working on?</li></ul><p><br></p><p>3 Key Points</p><ol><li>In laymen’s terms, Open Banking gives individuals the ability to access and share their financial data for their own benefit.</li><li>Over the past 12 months, the pace of change in the Canadian banking system has sped up, forcing banks to rethink their business models.</li><li>Regulators and legislators around the world must focus on staying patriotic and doing what is right for the data rights of their citizens.</li></ol><p><br></p><p>Tweetable Quotes:</p><ul><li>“The industry just wants good clean reliable data that they can work with to power new use cases and drive innovation.” – Clayton Feick</li><li>“There’s really a lot of value in moving good clean reliable data from one place to another to eliminate some of those paper processes.” – Clayton Feick</li><li>“I think the innovative banks will start to see themselves more and more as a platform and start to think about their customer base and the services they provide in that way in order to be competitive in this new environment.” – Clayton Feick</li><li>“Innovation has not arisen from legislation; it’s arisen from startups and innovators that are trying to do things differently with tech that’s available today.” – Clayton Feick</li></ul><p>&nbsp;</p><p>Resources Mentioned:</p><ul><li><a href=\"https://www.facebook.com/jason.pereira\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a> – Jason Pereira’s Facebook</li><li><a href=\"https://www.linkedin.com/in/pereirajm?trk=org-employees_mini-profile_title\" rel=\"noopener noreferrer\" target=\"_blank\">LinkedIn</a> – Jason Pereira’s LinkedIn</li><li><a href=\"https://www.fintechimpact.co/\" rel=\"noopener noreferrer\" target=\"_blank\">FintechImpact.co</a> – Website for Fintech Impact</li><li><a href=\"https://jasonpereira.ca\" rel=\"noopener noreferrer\" target=\"_blank\">JasonPereira.ca</a> – Sign up for Jason Pereira’s newsletter</li><li><a href=\"https://www.woodgate.com/\" rel=\"noopener noreferrer\" target=\"_blank\">Woodgate.com</a> – Website for Woodgate Financial</li><li><a href=\"https://flinks.io/about/\" rel=\"noopener noreferrer\" target=\"_blank\">Flinks.io</a> – Website for Flinks</li></ul>","author_name":"Jason Pereira"}