[KI-LC] [WG-InfoSharing] Fwd: Just announced: FDX and Kantara Initiative collaborate on open banking consent receipt framework

Ken Dagg kendaggtbs at gmail.com
Wed Sep 25 21:02:17 UTC 2019

Fantastic news!

On Wed, Sep 25, 2019 at 3:05 PM Colin Wallis Kantara <
colin at kantarainitiative.org> wrote:

> " Colin will be informing FDX about all the different things Kantara does "
> Oh yes, he certainly will.. ;-).
> On Wed, Sep 25, 2019 at 8:01 PM Andrew Hughes <andrewhughes3000 at gmail.com>
> wrote:
>> Big news! Kantara has entered into an agreement with FDX to promote the
>> use of the Kantara Consent Receipt spec, and to implement into their
>> OpenBanking API. Read on!
>> So - now we will have a pool of very interesting adopters - financial
>> institutions who connect via FDX. We don't have rights to directly contact
>> or market to FDX members, however, Colin will be informing FDX about all
>> the different things Kantara does - so we should all get a good profile
>> uplift.
>> andrew.
>> *Andrew Hughes *CISM CISSP
>> *In Turn Information Management Consulting*
>> AndrewHughes3000 at gmail.com
>> *https://www.linkedin.com/in/andrew-hughes-682058a
>> <https://www.linkedin.com/in/andrew-hughes-682058a>*
>> ---------- Forwarded message ---------
>> From: Kantara Initiative <colin at kantarainitiative.org>
>> Date: Wed, Sep 25, 2019 at 10:43 AM
>> Subject: Just announced: FDX and Kantara Initiative collaborate on open
>> banking consent receipt framework
>> To: <andrewhughes3000 at gmail.com>
>> Read the full release and download the infographic.
>> [image: Read the full release and download the infographic.]
>> [image: Kantara Initiative]
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/74eaim>
>> *FDX and Kantara Initiative collaborate on open banking consent receipt
>> framework *
>> *Agreement pairs Kantara’s Consent Receipt specification with FDX’s open
>> banking use cases and API standards to support enhanced financial data
>> traceability*
>> * RESTON, Va. – September 25, 2019 – *The Financial Data Exchange (FDX)
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/nxfaim> and Kantara Initiative
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/3pgaim>, two respected members
>> of the digital standards and privacy community, have agreed to a
>> collaboration through the pairing of each party’s technologies and
>> frameworks that will advance the interests of a fairer, safer ecosystem to
>> support the digital economy.
>> Under the agreement, FDX will acknowledge that Kantara’s Consent Receipt
>> specification <https://t.e2ma.net/click/r4bj9c/vfbxtj/jihaim> to create
>> records of user-granted authority to process personal information in the
>> context of financial data sharing as the premier global consent receipt
>> specification. Kantara will promote the FDX API standard for interoperable
>> open banking – including its open banking consent receipt profiles – as the
>> premier global standard for secure consumer financial data sharing. The
>> Consent Receipt’s progress to international standardization has been
>> greatly assisted by API development and early adopter deployment.
>> “FDX couldn’t be more pleased to work with Kantara to help protect the
>> integrity of the process consumers use to grant access to their personal
>> financial information,” said Don Cardinal, FDX managing director. “With the
>> mutual recognition of our standards as the best practices in our respective
>> domains, we’re in a position to keep the financial services ecosystem at
>> the vanguard of protecting consumer digital identity and privacy.”
>> Through the FDX API, technical frameworks and a commitment to the five
>> principles of consumer control, access, transparency, traceability and
>> security of financial data, FDX is working to unite the financial industry
>> around a single, interoperable and royalty-free standard for secure and
>> convenient consumer and business access to their financial data.
>> Kantara is a community of individuals and organizations with a common
>> societal purpose to give control of personal data back to people through
>> specification and conformance scheme development focused on digital
>> identity and privacy. It is the only organization focused on both privacy
>> and digital identity.
>> "Kantara’s and FDX’s missions are synergistic, especially in our
>> advocacy for data traceability” said Colin Wallis, executive director,
>> Kantara Initiative. “The Consent Receipt specification
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/zaiaim> is a strategic
>> commitment – and we expect it to be the first in a range of developments
>> using Kantara’s leading-edge global specifications and assurance services.
>> It’s solutions like this that bring us forward, increase velocity in the
>> digital economy and ultimately give people more confidence in the security
>> and control of their data.”
>> *About FDX*
>> Financial Data Exchange, LLC (FDX) is a non-profit organization dedicated
>> to unifying the financial industry around a common, interoperable,
>> royalty-free standard for secure and convenient consumer and business
>> access to their financial data. FDX empowers consumers through its
>> commitment to the development, growth and industry-wide adoption of the FDX
>> API, according to the principles of control, access, transparency,
>> traceability and security. Membership is open to financial institutions,
>> fintech companies, consumer advocacy groups, and other industry
>> participants. FDX is an independent subsidiary of FS-ISAC. For more
>> information and to join, visit www.financialdataexchange.org.
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/f3iaim>
>> *About Kantara Initiative*
>> The Kantara Initiative is the leading global community commons improving
>> trustworthy use of identity and personal data through innovation,
>> standardization and good practice. Kantara nurtures ground-breaking R&D,
>> develops specifications and operates conformity assessment programs for the
>> digital identity and personal data ecosystems. Kantara provides its coveted
>> eID assisting Identity Assurance Trust Mark and groundbreaking
>> specifications for User Managed Access,
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/vvjaim> and the privacy enabling Consent
>> Receipt <https://t.e2ma.net/click/r4bj9c/vfbxtj/bokaim>. More
>> information is available at https://kantarainitiative.org/
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/rglaim>.
>> Download the infographic <https://t.e2ma.net/click/r4bj9c/vfbxtj/78laim>
>> Read the release online <https://t.e2ma.net/click/r4bj9c/vfbxtj/n1maim>
>> You can keep up with the latest press releases and news coverage at
>> KantaraInitiative.org <https://t.e2ma.net/click/r4bj9c/vfbxtj/3tnaim>
>> <https://t.e2ma.net/click/r4bj9c/vfbxtj/jmoaim>.
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Kenneth Dagg Independent Consultant Identification and Authentication
613-825-2091 kendaggtbs at gmail.com
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