OBIC INSIGHTS SERIES
OBIC Open Banking Insight Series Episode Ten: Open Banking Drives Strong Cybersecurity Through APIs
OBIC Open Banking Insight Series Episode Nine: Why Consumers Benefit from Open Finance
OBIC Open Banking Insight Series Episode Eight: Advantages for SME's and Government
Read our blog to stay in touch with what’s happening with open banking in Canada
OBIC’s Manifesto for Open Banking
Open banking is a global movement to empower consumers with control over their financial data. This control gives consumers freedom to share their personal data with third-party companies that can then use that data to provide alternative financial services that make it easier for consumers to move, manage and control their money. This will in turn provide them with greater choice, control and personalized financial services. The concept of open banking is also referenced as Consumer Directed Finance (CDF) in Canada, a suggestion made by the Department of Finance after the first public consultation in January 2019.