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Whether 'open banking' or 'consumer-driven' banking, the goal of sharing data remains the same

Ottawa introduces act designed to regulate data use, Torys lawyer Brigitte Goulard says ....

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Open Banking: What New Consumer-Driven Banking Legislation Means For Fintechs in Canada

If your company is a fintech operating or hoping to operate in Canada with a business model that offers financial products, you should be aware that Canada s federal government has announced its intention to enact legislation that could apply to your organization. This impending legislation is the Consumer-Driven Banking Act CBDA, and it will set the foundation for a framework that enables consumers and small businesses to securely transfer their financial data through an API to approved service providers of their choice. ....

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Open Banking: What New Consumer-Driven Banking Legislation Means For Fintechs in Canada | Bennett Jones LLP

Open Banking: What New Consumer-Driven Banking Legislation Means For Fintechs in Canada | Bennett Jones LLP
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2024 Federal Budget: Update on Financial Services Regulatory Policy Changes | Blake, Cassels & Graydon LLP

Introduction - On April 30, 2024, the federal government tabled a Notice of Ways and Means Motion to introduce the Budget Implementation Act, 2024, No. 1 (Bill) to codify. ....

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