Building an open banking framework that supports small business

Too often, smaller companies lack the same ability to influence financial infrastructure and policy outcomes as larger incumbents. The consumer-driven banking framework Canada implements can make or break their future.
Minister of Finance and National Revenue François-Philippe. Open banking can unlock faster, more tailored financing, helping small businesses sustain operations and invest through downturns, write Steve Boms and Ashalee Mohamed.

Canada’s consumer-driven banking framework has the potential to reshape how small businesses access financial services, compete, and grow. The debate in Canada is no longer whether consumer-driven banking should exist, but how it will be implemented. What are the potential...

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