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By Occasional Contributors | 4 Minutes Read February 25, 2020

Consumer directed finance: Open banking in Canada

On January 31, 2020, Canada’s Advisory Committee on Open Banking (the Committee) released its report, “Consumer-directed finance: the future of financial services” (the Report), moving Canada towards the next phase in its process of implementing open banking legislation.

Article by Occasional Contributors / Business, Finance and Accounting, Privacy / banking, consumer-directed finance, cyber security, data sharing, foreign investment, open banking, privacy, technological innovation

By McCarthy Tétrault LLP | 4 Minutes Read February 14, 2020

Advisory committee on open banking releases report on consumer-directed finance

On January 31, 2020, the Advisory Committee on Open Banking (the “Committee”) issued its first report (the “Report”) in connection with the Department of Finance Canada’s (“Finance Canada”) consultation process on open banking.

Article by McCarthy Tétrault LLP / Business, Finance and Accounting, Information Technology, Privacy / cybersecurity, financial stability, open banking, privacy, security risks

By McCarthy Tétrault LLP | 2 Minutes Read February 1, 2019

Department of Finance Canada issues consultation paper on open banking

On January 11, 2019, the Department of Finance Canada released a consultation paper seeking the views of Canadians on the potential benefits and risks of an open banking system.

Article by McCarthy Tétrault LLP / Business, Finance and Accounting, Information Technology, Privacy / consumer protection, FinTech, open banking, privacy

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