Canada risks importing the same problems now plaguing the U.S. market unless the government moves quickly to implement the right safeguards and structures ...

CNW/ - While recent public discourse around nation-building has focused on major infrastructure mega-projects, modernizing ...

How Open Banking Can Fix Canada’s Financial Security Issue Canada’s risk-averse banking system is full of potential dangers for customers. A simple security update would change everything.

Here’s what it means — and how it would save you money Ottawa expected to introduce consumer-driven banking in federal budget which would open door to competition to the Big Five banks.

Open banking enthusiasts have lamented the slow pace of change in Canada, yet this offers time to assess the associated risks and how to manage them. Consider the case of now-bankrupt Synapse ...

Vronces says an open banking system would allow Canadians to more efficiently connect their financial information to third parties or app developers who offer services outside what major banks ...

After months of delays and anticipation, the Advisory Committee on Open Banking has dropped its final report on open banking, providing recommendations on how to modernize Canada’s financial services ...

“We do not think open banking will be coming in the next couple of years,” RBC Capital Markets banking analyst Darko Mihelic said in a report on Monday. He’s thinking it may take “three to five years.

For Open Banking to succeed in Canada, three things need to happen: First, learn from other markets while creating a system that works for Canada.

Canadian FinTech CEO Andrew Graham is tired of waiting for open banking to become a reality in Canada. He’s not alone. More than half a year after Borrowell launched an offering that allows Canadians ...

“Any open banking framework should continue the legislative and regulatory prohibition of the use of consumer banking data for insurance underwriting purposes,” said Normand Lafreniere, then ...