In the News

Our team is regularly sought out for our expertise by reporters covering technology, financial services, and regulation — in the U.S., Canada, and internationally.

Bloomberg, the Financial Times, American Banker, The Wall Street Journal, The New York Times, ABC News, POLITICO, Axios, The Globe and Mail, and dozens of other outlets have turned to our team for perspective on open banking, consumer data rights, market dynamics, financial regulation, and the politics shaping all of it. Below is a running record of that coverage, alongside op-eds and podcast appearances.

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Canadian Press: Open Banking Swings Both Ways for Big Banks on Risks and Opportunities

In an interview after the 2026 Global Open Finance Summit last month, Steve Boms, executive director of the Financial Data and Technology Association, said the earliest consumers could get access to open banking tools would be toward the end of 2027. The summit featured talks from Bank of Canada and Finance Department officials on the implementation of an open banking framework. It also included discussions on how major financial institutions are viewing the situation.
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Politico Influence: A Rebrand on K Street

Washington firm Allon Advocacy is acquiring boutique consulting firm Sunset Park Advisory and rebranding as Allon Advisors, a full-service firm offering advocacy, advisory and compliance services. Allon Advocacy was founded by veteran fintech lobbyist Steve Boms in 2017 and counts trade groups like the Financial Data and Technology Association and the Association for Consumer Debt Relief among its clients. Sunset Park founder Dan Murphy, who worked for the Consumer Financial Protection Bureau during the Biden administration, is joining the firm as a partner.
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Allon Advocacy Acquires Sunset Part Advisory, Rebrands as Allon Advisors, and Expands into Advisory and Compliance Services

Allon Advocacy, LLC, a leading government affairs firm serving the financial services and technology sectors, today announced that it has rebranded as Allon Advisors, reflecting a significant expansion of the firm’s services beyond advocacy into commercial and compliance advisory services. In connection with the rebrand, the firm announced that Dan Murphy, founder of Sunset Park Advisory, has joined as a Partner following the firm’s acquisition of his practice, and that Rebecca Mulholland has been elevated to Associate Partner. 
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The Hill Times: Building an Open Banking Framework that Supports Small Business

Steve joined Ashalee Mohamed, Xero's country manager for Canada, in co-authoring a piece that underscores that Canada's open banking framework is at a make-or-break implementation stage. The authors argue that decisions on accreditation, liability, and technical standards will determine whether the system genuinely opens competition for SMEs or ends up favoring the big incumbents it was meant to challenge.
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RegFi Podcast: Open Banking, AI Agents and the Future of Consumer Data Rights

Steve joined RegFi co-hosts Jerry Buckley and Sherry Safchuk for an in-depth discussion on the future of consumer-permissioned financial data, the evolving outlook for the CFPB's Section 1033 rule, and the policy debates shaping open banking in the United States. The episode also previews FDATA's forthcoming policy report on agentic AI, exploring how existing legal and regulatory frameworks can support AI-driven financial services while safeguarding consumer privacy, security, liability, and trust.
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Betakit: Q&A: How open banking could leave small FinTechs out

Steve was featured in BetaKit discussing Canada’s progress toward implementing consumer-driven banking and the importance of ensuring the framework supports innovation, competition, and consumer choice. He highlighted FDATA’s proposed “sponsored fintech” model, which would enable smaller fintech firms to participate in the open banking ecosystem through partnerships with accredited entities, helping to prevent market concentration and expand access to innovative financial services. Steve also emphasized the importance of finalizing accreditation requirements and technical standards to support a secure, competitive, and inclusive open banking framework in Canada.
Fintech Newscast: Who should control your financial data—you or your bank?

Fintech Newscast: Who should control your financial data—you or your bank?

Steve joined the Fintech Newscast podcast to discuss the future of consumer-permissioned financial data rights, including the evolving status of Section 1033 in the United States and Canada's progress toward implementing open finance. He underscored the importance of ensuring consumers retain control over their financial data while advancing the transition toward secure, API-based data sharing. Steve also explored the opportunities and governance considerations associated with agentic AI in financial services, emphasizing the need for appropriate guardrails that foster innovation while protecting consumers.
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Investing News Network: Steve Boms on How Canada Can Get Open Banking Right

Steve joined the Investing News Network podcast to discuss Canada's transition from open banking legislation to implementation following the passage of Bill C-15. He emphasized the importance of adopting a proportional accreditation framework that supports innovation and broad participation, cautioning that overly restrictive models could lead to market concentration. Steve also highlighted the need for clear technical standards, enforceable timelines, and strong coordination among stakeholders to ensure Canada's consumer-driven banking framework delivers greater competition, enhanced consumer choice, and expanded access to financial services.
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Open Banking Expo Unplugged: How is Open Banking Playing Out in the U.S. and Canada?

Steve joined Open Banking Expo Unplugged host Ellie Duncan for a discussion on the evolving state of open banking in the United States and Canada. The conversation explored ongoing regulatory developments, the growing adoption of consumer-permissioned financial data tools, and the implications of policy uncertainty for consumers, fintechs, and financial institutions. Steve also shared his perspective on Canada’s transition to consumer-driven banking, key implementation challenges ahead, and how policymakers can support innovation while maintaining consumer protections. The episode concluded with a preview of FDATA’s 2026 Global Open Finance Summit in Toronto and a discussion of emerging issues shaping the ...
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Finextra: “What happened to open banking reform in the US?”

Steve was featured in a Finextra article discussing the current state of open banking and Section 1033 in the U.S., emphasizing that while regulatory momentum has slowed, consumer-permissioned data access continues to evolve through commercial agreements and fintech innovation. He highlighted growing use cases around cash flow underwriting, the long-term importance of secure API-based data sharing, and the need for adaptable frameworks as agentic AI and new financial technologies reshape how consumers interact with their financial data.
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Global News: New Financial Crimes Agency needed to combat growing threat of fraud, scams: experts

Steve was quoted in Global News on the federal government’s proposal to establish a new Financial Crimes Agency (FCA). He emphasized that the rise in fraud and financial crime is not unique to Canada but part of a broader global trend, noting that the FCA represents Canada’s response to increasingly sophisticated scams and illicit activity. Steve also underscored the importance of coordination, warning that the agency’s success will depend on how effectively it works alongside existing authorities to address financial crimes without duplicating current responsibilities.
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