Fintech Impact

Host Jason Pereira talks to Shawn Yeager, Vice President – Sales at Dataswift, a vanguard provider of infrastructure that delivers personal data access, storage, and portability. In this episode, Shawn talks about solutions and the issues around identity rights and access to those identities. 

Episode Highlights:

• 0.30: Shawn explains what does it mean by “Infrastructure that delivers personal data access, storage, and portability?”
• 0.47: It means that for individuals, they get the security ownership and control of their private personal data.
• 01.02: For enterprises such as Fintech, the ability to securely in a compliant fashion transact customer data without the liability of holding all of the data.  
• 01.05: Dataswift also provides developers, open-source tools to readily built compliance, authentication, and data storage. 
• 02.04: Shawn has 20+ years of experience in business development and sales of infrastructure software, digital media, emerging technologies, and much more. 
• 03.00: Dataswift emerged from a multi-university research project conducted in the UK.
• 03.03: The problem faced to solve was “How does one delivers grant and have legal ownership of data?”
• 05.06: Jason talks about the paradigm of the market and what data looks like.
• 06.33: Jason highlights that data rights around the world are a mess; instead of solving the problem, few countries said one could own a bucket or container of data.
• 08.01: Shawn points out that centralized data is a liability, and it is important for enterprises to figure out how much data they want to retain?
• 08.31: There is a calculus of determining how much data should be retained. 
• 08.49: Shawn gives a classic example of two Dataswift’s clients: Fintech and the other from Health Tech. The clients simply wanted the score and not the underlying data. 
• 11.37: Shawn talks from a consumer point about how does Dataswift’s product work?
• 12.23: When logging and signing up in Dataswift, consumers gain the legal entity to own their data. 
• 13.24: Unlike Facebook, Google, Twitter, or any other such platform, one gives access to the enterprises to own their data.
• 13.30: When it comes to Dataswift an individual owns their own personal data lockers.
• 16.43: Shawn talks about the hackathons organized by Dataswift. 
• 21.06: While talking about legal ownership of data, Shawn exemplifies that Dataswift is not a company that will tell its users what should or should not be kept personal rather, the company creates standardized data conducts.
• 22.21: Shaws talks about the pricing models of Dataswift.
• 22.53: Jason and Shawn discuss how data is most stumbled upon in the marketplace. 

 3 Key Points:

1. Shawn Yeager talks about his history, the origin of Dataswift, and the gap in the market that led to its creation?
2. Jason and Shawn talk about data rights worldwide and how using containers to store data is considered legal.
3. From a consumer standpoint Dataswift communicates to its users “Why,” “What,” “When,” and “How.” The idea is to take informed consent. 

Tweetable Quotes:

• “We cannot own data, but we can own the container.” - Shawn Yeager
• “People’s information is of value.” - Jason Pereira
• “Data rights around the world are a mess.” - Jason Pereira
• “Most individuals would give all of their personal data for a slice of pizza.” - Jason Pereira
• “Centralised data is a liability.” - Shawn Yeager
• “With Dataswift you are not tying back to someone else’s access to your data, you are tying back to your own personal data lockers.” - Jason Pereira
• “Both parties benefits when each knows what they are doing.” - Shawn Yeager

Resources Mentioned:

• Dataswift: Website | Pricing 
• Facebook – Jason Pereira’s Facebook
• LinkedIn – Jason Pereira’s LinkedIn
• Woodgate.com – Sponsor
• LinkedIn – Jason Pereira’s LinkedIn
• Podcast Editing