Yassir leads Equifax Canada’s digital innovation practice, helping customers bring new and engaging consumer-centric solutions to market leveraging Equifax data and capabilities. Prior to joining Equifax, Yassir worked across 3 of Canada’s largest banks for 17 years, where most of his experience was on the ‘other-side of the balance sheet’ in Retail Deposits where he led and worked on consumer-centric programs including streamlined account onboarding, simplified product suite and behaviour linked rewards.
Eberhard said the direction of travel is simple; consumers should have greater ownership over their data.
Poddar said Canadian regulators have to play an active role in implementing Open Banking in Canada otherwise it will be slow to happen.
Jiwan believes the other missing piece of the puzzle is clarity on guiding principles of a Canadian Open Banking regime from the regulator. Something that is currently missing.
Leboeuf said financial institutions are worried about losing connections with consumers which is offering lots of opportunities for first movers.