Welcome to our new ONE:ONE blog series where we sit down with thought leaders and pioneers in the fintech, payments and open banking space.
Our first chat is with Lloyd Evetts, Director of Business Development at Inverite, a leading open banking provider with coverage for over 275 Canadian Financial Institutions.
1. What’s one thing everyone should know about Inverite?
My two partners and myself have each been involved in Financial Technology for over 20 years in payments, lending and now data aggregation. One of the first questions I’m usually asked is how we have support for so many more FI’s than anyone else - experience goes a long way!
2. What’s your role at Inverite?
My role here is split between product management, business development and operations. My background in IT has proven to be a great strength too, I work very closely with both our and our client’s technology teams and understand what goes into an integration and how the data is used.
3. What gets you most excited about the VoPay Inverite partnership?
I think the payments space is poised to see the same kind of radical change that we saw in credit decisioning with the introduction of open banking, and I think VoPay is at the forefront. I’m excited to see how our data and coverage can help them innovate.
4. What does the future of open banking look like?
I’m optimistic that we’ll see a collaborative landscape where the incumbent FI’s and Fintech’s work together and we really unlock the potential of open banking and consumer-directed finance. We all know the regulatory track has been delayed with COVID-19 but there is important progress being made by industry lead organizations.
5. Who is your fintech/ tech hero and why?
Eva Wong. Borrowell was one of the first major Canadian players to really see the potential of a data driven approach and invest in data science. I’m continuously surprised and impressed by how they leverage alternative data in their new products and finally also their involvement with groups like the Canadian Lenders Association who promote ethical lending practices.
Learn more here about the VoPay + Inverite partnership.