Holiday Throwback: Eyal Sivan on Data, Innovation and Financial Inclusion

About this episode

Eyal Sivan discusses the evolution of open banking and its impact on innovation and financial inclusion.

Happy Holidays Fintech Files listeners! As we look ahead to the new year, we’re revisiting one of our favorite episodes from Season 4 with Eyal Sivan, Mr. Open Banking.  Eyal joins Fintech Files to discuss how open banking rose from the 2008 financial crisis to become a worldwide movement centered on competition, innovation, and transparency. With over 25 years in IT and banking technology, Eyal breaks down the core principles behind open banking, clarifies myths around security, and explores how different regions—from Europe to Brazil—are innovating with standards and regulation. Discussion Highlights From IT Wiz to Mr. Open Banking: Eyal shares his journey from early web-development days to becoming Head of Strategic Platforms at CIBC. A pivotal encounter in Oslo introduces him to the concept of open banking, sparking a deep fascination that leads to his own podcast and advocacy. Defining Open Banking: Why “open” doesn’t mean your data is up for grabs—Eyal clarifies that it’s about standardized APIs, not insecure data sharing. The three key goals of open banking: competition, innovation, and transparency. Global Momentum & Security Myths: How PSD2 in Europe and…

People in this episode

Guest: Eyal Sivan

Topics covered

• open banking
• financial inclusion
• innovation
• data security
• global standards
• competition
• transparency

Keywords

• open banking
• financial inclusion
• data security
• APIs
• PSD2
• innovation
• competition
• transparency
• digital wallets
• screen scraping

Mentioned in this episode

Organizations: CIBC

Books & works: Fintech Files

Places: Europe, Brazil

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