Karnan Ariaratnam
About Karnan Ariaratnam
Karnan Ariaratnam VP Digital Payments & Open Banking
Karnan Ariaratnam serves as the Vice President of Digital Payments and Open Banking. His role involves overseeing initiatives and strategies in the evolving financial technology sector. He is recognized for his contributions to the understanding and advancement of Open Banking in Canada. His work focuses on fostering innovation within the financial sector, ensuring secure and efficient data sharing practices, and preparing financial institutions for the future of consumer-driven banking.
Karnan Ariaratnam Open Banking Thought Leadership
Karnan Ariaratnam regularly contributes to thought leadership articles on Open Banking. His insights delve into the complexities of data portability and the impact of governmental direction and provincial regulations in Canada. He stresses the importance of proactive preparation by Canadian banks and other financial sector participants to keep pace with the shift towards Open Banking. Through his writing, Ariaratnam advocates for secure and efficient data sharing methods that benefit both financial institutions and consumers.
Karnan Ariaratnam on Partnership Importance in Financial Sector
Karnan Ariaratnam underscores the importance of partnerships between financial sector participants. According to him, collaboration is vital for creating a more interconnected future that benefits consumers and businesses alike. By working together, banks, fintechs, and other stakeholders can develop innovative solutions to meet the demands of the modern banking landscape. Ariaratnam believes that strategic partnerships are key to successfully navigating the rapid changes brought about by Open Banking and digital payment systems.
Karnan Ariaratnam Analysis on Data Sharing Approaches
Karnan Ariaratnam provides a detailed analysis of the various data sharing approaches within the financial sector. He examines the risks and benefits of methods like screen scraping, shared downloaded files, and Open APIs. Ariaratnam's expertise highlights the importance of secure and efficient data sharing practices to protect consumer information and enhance financial services. His analyses are aimed at guiding financial institutions towards adopting the most effective and secure strategies.
Karnan Ariaratnam on Consumer-Driven Banking in Canada
Karnan Ariaratnam is actively involved in discussions about the evolving landscape of consumer-driven banking in Canada. He highlights the role of intermediaries in facilitating secure data sharing between financial institutions and fintechs. Ariaratnam emphasizes that the Canadian banking sector must adapt to the changing consumer expectations by leveraging new technologies and data-sharing practices. His perspective on consumer-driven banking aims to prepare the financial sector for a future where consumer needs and preferences drive innovation.