Posts Tagged ‘Bank of Canada’
FDATA proposes model to ensure smaller fintechs can participate in Open Banking in Canada
The Financial Data and Technology Association has submitted a formal proposal to the Department of Finance and Bank of Canada recommending the creation of a Sponsored Fintech Model (SFM) under the Consumer-Driven Banking Act (CDBA).
Read MoreFDATA submits consultation response on Canada’s proposed National Anti-Fraud Strategy
The Financial Data and Technology Association emphasized the need for a “coordinated, technology-forward approach” that distinguishes fraud from legitimate, consumer-permissioned financial activity.
Read MoreBank of Canada sets course for Consumer-Driven Banking and stablecoin supervision
Speaking at Open Banking Expo Canada 2026, Ron Morrow, executive director of payments, supervision and oversight at the Bank of Canada, told attendees that consultation with the industry will be “a vital component” for delivering Consumer-Driven Banking.
Read MoreCanada enters its ‘build year’ as industry leaders outline next phase of Open Banking delivery
Open Banking Expo Canada 2026 has opened with a clear focus on execution, as senior industry leaders, regulators and policymakers gathered in Toronto.
Read MoreFeature: What role will stablecoins play in Canada’s financial ecosystem?
The proposed regulation of fiat-backed stablecoins in Canada by the government has been broadly welcomed by the financial services ecosystem, so what early use cases are emerging?
Read MoreInterpolitan Money Canada secures official PSP registration by the Bank of Canada
Interpolitan Money Group’s Canadian subsidiary, Interpolitan Money Canada Inc, has been formally registered by the Bank of Canada as a Payment Service Provider (PSP) under the Retail Payment Activities Act.
Read MoreBank of Canada confirms keynote fireside chat at Open Banking Expo Canada 2026
At Open Banking Expo Canada in Toronto, Morrow will take to the stage to explain what’s coming next.
Read MoreCanadian government commits to implementing Open Banking in Budget 2025
The Bank of Canada will now oversee the Consumer-Driven Banking Act, which had come under the Financial Consumer Agency of Canada.
Read MoreFDATA submits 2025 pre-budget proposal to Canadian Finance Committee
The Financial Data and Technology Association has submitted to the Canadian House of Commons’ Standing Committee on Finance its recommendations in advance of the 2025 budget.
Read MorePayments Canada reveals technical build of RTR ‘60% complete’
Jude Pinto, chief delivery officer at Payments Canada, provided a quarterly update on the Real-Time Rail (RTR).
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