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Calls grow for Canadian government to enact Open Banking

Canadian Flag Flies in the Financial District in Toronto, Canada
Photo: Gary Hershorn/Getty Images

Industry concerned promise made by governing party during election campaign is being ‘quietly abandoned’.

The Council of Canadian Innovators (CCI) is intensifying its campaign to persuade the Canadian government to implement open banking, an initiative it views as crucial not just for modernizing the financial sector but also for addressing wider regulatory and compliance issues.

Nicholas Schiavo, CCI’s Director of Federal Affairs, emphasized the

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