WHO WE ARE
Open Banking Initiative Canada (OBIC) exists to lead the way in the development of a market-driven open banking framework in Canada. We’re gathering great minds in finance, technology and regulation, creating a groundswell that will be a force for good, giving Canadian consumers choice and control over their financial data. Our open banking ecosystem is set to launch in 2020. This ecosystem will evaluate technology and standards that best suit our economy and will foster a trust framework between fintechs, banks and regulatory bodies in support of the Canadian consumer.
To be a single voice for the financial services industry that represents the viewpoints of the key participants – consumers, fintech, banks and industry experts.
To launch a proof of concept in 2020 that will be designed to demonstrate a fundamental change in the financial services landscape of Canada.