Open banking can redefine how Canada, financial institutions, and fintechs work together

Innovation begets innovation, and a secure, trustworthy system will prompt established and new entrants to offer leading-edge products and experiences.

Finance Minister Chrystia Freeland arrives for the House Finance Committee meeting on Nov. 28. Open banking in Canada is no longer speculative. It is coming, and the key players can shape its success, writes Geoff Rush. The Hill Times photograph by Andrew Meade

Opinion

BY GEOFF RUSH

December 14, 2022

Open banking is slated to arrive in Canada in 2023—almost five years after it launched in the United Kingdom—and there’s a palpable mix of excitement and confusion in the country’s boardrooms and living rooms as we wait for answers to key questions that will help det...

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