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Betakit podcast with Senator Deacon on Open Banking and Competition

Betakit | Sep 27, 2021

Senator Colin Deacon - Betakit podcast with Senator Deacon on Open Banking and Competition

“The reality is [the banks] have been used to an environment where they can increase fees without increasing value to customers.”

Biography:  Senator Colin Deacon

The Honourable Colin Deacon’s entrepreneurial background brings a unique perspective to Canada’s Upper Chamber. Before his June 2018 appointment to the Senate as an Independent Senator representing Nova Scotia, Senator Deacon spent much of his career turning ideas into organizations, products and services that improve lives.


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In 2009, he founded BlueLight Analytics, a company in the restorative dentistry field. The company has successfully commercialized new technologies that improve the longevity of dental fillings. Their products were sold in dozens of countries, and they worked with most dental multinationals. Until 2006, he served as CEO of SpellRead, which improved reading skills among children and adults, and was regularly cited as one of Atlantic Canada’s fastest-growing companies. Senator Deacon has also contributed to the charitable sector, where he has been an active member on the board of several organizations, including those dedicated to children’s health and well-being, mentorship, and celebrating social innovators.

His career has focused on enabling collaboration between research and business, and Senator Deacon continues to be a strong advocate for knowledge mobilization.

As part of the Senate, he has been a strong advocate for entrepreneurs, harnessing the digital economy, updating Canada’s privacy legislation, ensuring global competitiveness of Canadian firms, and promoting Canadian leadership on climate change.  See more

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