Innovation sector could fall behind without Liberal follow-through on open banking, say advocates

Canadians are still waiting for an open banking system, which the Liberal government pledged would happen in early 2023.

Tourism Minister and Associate Minister of Finance Randy Boissonnault said that 'Canadians deserve a secure open banking system that is regulated, efficient, and protects their personal information,' in a March 22, 2022, press release.The Hill TImes photograph by Andrew Meade

News

BY JESSE CNOCKAERT

June 12, 2023

Canada is at risk of losing innovators and fintech business if delays continue in the federal Liberal government's overdue promise to implement an open finance regime, according to industry players.

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Today’s Headlines Newsletter

Your quick scan of the news you need each weekday to be the smartest person in the room.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy