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.
Source: bennettjones.com
