"Legislation for Open Banking"
This is a Canada news story, published by torontosun, that relates primarily to Alex Vronces news.
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open banking systemstorontosun
•Business
Business & Economics
Federal government says it will move open banking forward at 'earliest opportunity'
79% Informative
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” The Liberal government said in the 2024 fall economic statement that it’s looking at early 2026 for implementation of open banking.
Fintechs Canada executive director Alex Vronces said getting to that point has been “a slog,” he said.
The Financial Consumer Agency of Canada will be charge of building and vetting a public registry of public service providers.
Vronces has been lobbying on behalf of Canadian fintechs for roughly seven years .
He said he has reasons to believe Carney will be a champion of consumer-driven banking.
Carney was governor of the Bank of England when the UK introduced such a system in 2017 .
VR Score
81
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80
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30
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English
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58
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Attention-grabbing headline
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short-lived
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5
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