In this episode we talk with Jean-Paul LaClair, Senior Director of Product and Financial Data Exchange about the best ways to pursue open finance through adoption of systems and standards. Jean-Paul came out of Cornell University with a BA in Economics and Sociology, and prior to landing at Financial Data Exchange worked at USAA and M&T Bank. We cover topics like:
- What’s lacking in our conventional approaches to lending?
- How do we build a financial ecosystem that serves everyone?
- What exactly is open finance?
- How exactly does open finance benefit consumers and customers?
- How do you get so many players in finance to coalesce around one standard?
- What are the security concerns around open finance and data-sharing?
- Who are the member organizations that would participate in open finance?
Useful Links: Financialdataexchange.org
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