Posts Tagged ‘Consumer-Driven Banking Act’
FirstOntario Credit Union activates Open Banking with FIS Everlink payment services and Flinks
FirstOntario Credit Union, FIS Everlink payment services and Flinks have announced that FirstOntario is now live on Open Banking infrastructure, enabling its members to securely share their financial data with third-party apps and services of their choosing.
Read MoreFDATA 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 MoreCGI and Caspian One Open Data accelerate Canadian credit unions’ Open Banking readiness
CGI has entered into a strategic partnership with Caspian One Open Data to help Canadian credit unions prepare for Open Banking implementation.
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