How is Open Banking playing out in the US and Canada?
Steve Boms, executive director of FDATA, joins Ellie Duncan to bring us up to speed on the state of play in the US, where Open Banking tools have been widely adopted yet, at the same time, regulatory uncertainty continues. He reveals the implications of the lack of a regulatory framework for consumers and small businesses, and how FDATA continues to advocate for Americans to own their financial data. Steve also discusses the shift in tone in Canada, where the transition to Open Banking is firmly underway, and his expectations for next steps. With Open Banking Expo an official partner of FDATA’s 2026 Global Open Finance Summit which takes place on September 17 in Toronto, Steve discusses what’s on the agenda. Finally, we hear what he is looking for from this year’s Open Banking Expo Awards entries and what he enjoys about judging.
Steve Boms
Steve Boms
Executive Director FDATASteve has two decades of experience working inside government, public and private companies, trade organizations, and the technology industry. He assists organizations as they engage with policymakers in Washington, across the country, and around the world. Steve has spent his career focused on complex financial services public policy issues, having worked in the United States Congress on the committee with jurisdiction over banking. He has led global advocacy efforts and public policy teams for equity options exchanges, large U.S.-based financial institutions, and leading fintech firms. A recognized expert on the intersection of financial technology and public policy, Steve has testified before the United States Senate, the Senate of Canada, and the Organisation for Economic Cooperation and Development on financial services and technology.
Ellie Duncan
Ellie Duncan
Head of Content Open Banking ExpoFormer Financial Times Group journalist Ellie Duncan has a decade of experience across financial services. While arguably best-known for her asset management work, she has also covered open banking, credit, private equity and entrepreneurship.
