From Open Banking to AI Agents: Why We Need the new Universal Data Framework Now

🏦 The financial services industry is evolving from Open Banking to AI Agents – but we're missing the critical framework to make it work safely.

Former Citi executive Federico Suarez https://www.linkedin.com/in/federico-suarez-rendon-b2269816/ introduces the Universal Data Access Framework (UDAF) – the missing link between Open Banking regulations and the emerging agentic economy.

🎯 What You'll Learn: 

• Why Model Context Protocol (MCP) is fundamentally different from APIs 

• How UDAF bridges Open Banking, Open Data, and AI agent standards and the 8 principals of this framework

• Why emerging markets might leapfrog developed economies in AI adoption 

• The critical consent management challenges in an automated world 

• How to preserve human choice when AI agents manage our money

💡 Key Insight: "People are most likely data-rich than economically rich" – but without proper frameworks, AI agents could either democratize wealth or create massive digital divides.

🚨 The Warning: We're "blindly signing for assistants to do things on our behalf" without understanding what data they'll extract or how it will be used. 

Federico Suarez article: From Consent to Command: Agentic AI & Open Banking Universal Data Access Framework

https://open.substack.com/pub/fsuarezr/p/transatlantic-o-bf1?r=7ci1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false