How do you feel about Facebook and Google making money off of your data?
I’m guessing you’re not too keen on it to say the least, as are most of us.
Then, do you know your rights to your data and how it’s used?
The Consumer Data Right gives you more choice and more control over the data that businesses have about you, especially in banking.
As privacy concerns rise, so does the concept of Open Data and Open Banking, where you decide what happens to your data.
Meet Jacob Parker
Jacob’s Role as a Open Data Leader at Fiskil
Jacob Parker is the Founder, CEO, and Developer of Fiskil. Fiskil creates simple and sleek APIs that make it easy for businesses to tap into Open Data. They handle the hard work when it comes to accessing banking and energy data under the Consumer Data Right (CDR) in order for companies to focus on their core business. They have built the pipes between financial institutions, big and small.
Jacob’s Other Work in Data Science
Besides his work with Fiskil, Jacob is also currently a Member of Fintech Australia. FinTech Australia is the peak body for Australian financial services and technology and innovation. They were founded by startups, working with founders, startups, scaleups and the FinTech ecosystem. They represent their members and advocate for outcomes that facilitate the growth of the FinTech ecosystem with the goal of making Australia a leading FinTech market.
Previously, Jacob has taken on the roles of Full Stacks Engineer at Secure Data Links, the Product Lead and Full Stack Developer at Mycelium, and Software Development & Product Management at SAP Success.
Open Banking, Open Data, and Consumer Data Rights
In this exclusive analytics podcast episode, Jacob shares:
- His experience working as a Blockchain developer
- What Consumer Data Right (CDR) is to banking
- His role as the Founder, CEO, and Developer of Fiskil
- Why Open Banking and Open Data are so important in today’s world and a future context
- What developments have caused consumers to look into the concept Open Data
- If Facebook and Google’s monetization of data helped lead to the concept of Open Data
- The challenges that come with this area
- Maintaining the data from the bank with constant technological changes and adaptations
- How this affects the building of technology and infrastructure
- How API infrastructures overcome the problems of enterprise systems
- Sourcing data from other areas to create a clearer picture
- How Fiskil’s open source and open data philosophy appears in their company
- The concept of sandboxes
- How innovators are using open banking data for innovation and his favourite use case so far
- His advice for developers who want to dive into the realm of Open Data
If you are a developer or innovator looking to dive into the realm of Open Data, this is the episode you do not want to miss out on.
More Links:
Find out more about Jacob
LinkedIn:
What book he would gift to his younger self:
- The Language of Thought: Leverage Your Thoughts to Achieve Your Desires by Napoleon Hill
- https://www.amazon.com/Napoleon-Hills-Language-Thought-Publication/dp/164095242X/
Twitter:
Company Website:
Publications:
- https://fiskil.com.au/blog/fiskil-becomes-an-accredited-data-recepient
- https://onlinecurrency.in/the-way-forward-for-open-finance/
- https://www.fiskil.com.au/blog/the-future-of-open-finance
In the News:
Learn more with related episodes in our analytics podcast:
- E95 – Jonathon Love – A Free & Open Statistical Spreadsheet for the Masses
- E94 – Matt Holme – Overcoming Debt With A New Type of Payment at the Checkout
- E92 – Jamie Leach – Opening the Door to Innovation and Fairer Finances with Open Banking
- E83 – Steven Tye – The Data in Your Water – Smart Water Metering
Now a word from our sponsor…
This episode is sponsored by a new program at Data Driven Analytics. It’s an embedded analytics leader program for senior managers and executives in the business team who want to integrate AI into daily business operations and drive customer experience excellence. Book an Unlimited Strategy Session for a Full Year and start embedding analytics into the business frontlines. For more information about this program, please refer to it here.
