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From Open Banking to Open Data
This session will discuss the expansion of concepts underlying Open Banking beyond the banking context, both in Canada and in a global context. This will include a discussion of:
– The Australian Consumer Data Right and to what extent there is a Canadian equivalent
– Open Banking-like initiatives in other industries, such as the recommendation in respect of Open Data in the Capital Markets Modernisation Taskforce Report
– How Open Banking ties into various “Open Data” initiatives in Canada
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Ana Badour
Ana Badour
Partner McCarthy TetraultAna Badour co-leads McCarthy Tétrault LLP’s Fintech Group. She is a partner in their Financial Services Group and a Certified Anti-Money Laundering Specialist. She advises financial services entities, including financial institutions and Fintech entities, on regulatory compliance matters. She holds a LLM in Banking and Financial Law from Boston University, a LLB from Osgoode Hall Law School, and a BMath (Operations Research) from the University of Waterloo.
Domenic Presta
Domenic Presta
Partner McCarthy Tétrault LLPDomenic is a partner and member of McCarthy Tetrault’s Information Technology Group in Toronto. Helping clients stay ahead of emerging industry trends, his practice is focused on commercial transactions involving information technology, with particular expertise in the areas of Open Banking, Bank-Fintech collaborations and data sharing, regulatory compliance, and data security.
Notably, Domenic has expertise in data security and regulatory compliance within the financial services industry, having previously worked as senior IT counsel for a top six Canadian multinational bank. This gives him unique insight into the needs of clients from across the financial services sector, as he guides them through the complexities of innovation and technology that continue to transform the financial services industry.
Domenic also advises on all other aspects of technology law, including outsourcing arrangements, complex IT services agreements, contracts for hosted applications and software licensing agreements for multinational financial institutions, insurance companies, and pension plans. He has the knowledge and experience that clients demand and require in order to successfully compete and evolve in an ever-changing commercial landscape.
