This article discusses a white paper put out by the Ontario Securities Commission on Monday. Pat Chaukos, the chief of OSC, stated that financial technologies like blockchain can’t grow and innovate without open-access data. For example, having a client’s “core information” available would allow regulators to streamline information gathering, analyzing, and verifying. The paper argues that this would make compliance with regulations easier because there would be a standard system.<\/p>\n
However, financial institutions might not be inclined to make these changes because they will be hesitant to make the core client information available to other entities. Chaukos acknowledged that the open-access data approach would increase competition. While that is good news for investors, financial institutions might not be so thrilled to have their industry dramatically change.<\/p>\n
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http:\/\/finance.yahoo.com\/news\/canadian-regulator-says-open-data-012807908.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" This article discusses a white paper put out by the Ontario Securities Commission on Monday. Pat Chaukos, the chief of OSC, stated that financial technologies like blockchain can’t grow and innovate without open-access data. For example, having a client’s “core information” available would allow regulators to streamline information gathering, analyzing, and verifying. The paper argues … Continue reading Canadian Regulator Says Open Data Essential to Fintech<\/span><\/a><\/p>\n","protected":false},"author":1807,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1560","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"aarnold","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/aarnold\/"},"qubely_comment":1,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"This article discusses a white paper put out by the Ontario Securities Commission on Monday. Pat Chaukos, the chief of OSC, stated that financial technologies like blockchain can’t grow and innovate without open-access data. For example, having a client’s “core information” available would allow regulators to streamline information gathering, analyzing, and verifying. The paper argues…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1807"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1560"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1560\/revisions"}],"predecessor-version":[{"id":1561,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1560\/revisions\/1561"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}