Jean-Paul LaClair of FDX on Open Finance

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