Back to today’s briefing

Story perspectives

Canada's Open Banking Revolution: Will It Deliver in Time?

6/17/2025

23 3

Summary

Story summary

By early 2026, Canada is set to embrace open banking, empowering consumers with greater control over their financial data. While this initiative promises to boost competition among banks, advocates worry about the slow pace of progress and the urgent need for clear regulations to guide service providers. The future of banking is on the horizon, but will it arrive in time?

1 of 1

Story summary

By early 2026, Canada is set to embrace open banking, empowering consumers with greater control over their financial data. While this initiative promises to boost competition among banks, advocates worry about the slow pace of progress and the urgent need for clear regulations to guide service providers. The future of banking is on the horizon, but will it arrive in time?