Open banking, a form of consumer-driven finance, aims to enable consumers and small businesses to share financial data with a diverse range of financial service providers through secure online channels built for a consumer-centric financial experience. During this panel, explore the landscape of the Open Banking Framework in Canada. Discussion points include:

• Promoting consumer choice and prioritizing data privacy regulations
• Tips for implementing a ‘hybrid, made-in-Canada’ Open Banking system
• Addressing security vulnerabilities that can undermine full open ecosystems
• Key recommendations from the federal Advisory Committee on Open Banking
• Clarity on the regulatory standards governing the Open Banking API