There have been many conversations recently about Open Banking. For those who aren’t aware, Open Banking provides a secure way for consumers to control and share their financial data with third-party providers and ultimately benefit from a greater range of innovative financial services. According to the Berlin-based Open Banking Project, almost 100 countries have either adopted or are considering adopting some form of Open Banking this year. While this is undoubtedly the way of the future, here at home, Canadians are still waiting. A diverse chorus of voices have been advocating for action and notably, implementation of a hybrid, made-in-Canada solution, as per the latest report from the Government of Canada’s Advisory Committee on Open Banking.
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