Federal government says it will move open banking forward at ‘earliest opportunity’
- The federal government plans to introduce legislation for open banking at its 'earliest opportunity.'
- The Liberal government aims for open banking implementation by early 2026, as mentioned in the 2024 fall economic statement.
- Shereen Benzvy Miller, the Commissioner of the Financial Consumer Agency of Canada, stated they are working with Finance Canada on common rules for open banking.
28 Articles
28 Articles

Federal government says it will move open banking forward at 'earliest opportunity'
Breaking News, Sports, Manitoba, Canada
FCAC commissioner shares update on Canada’s open banking future, but makes no timeline commitments
The commissioner of the Financial Consumer Agency of Canada (FCAC), Shereen Benzvy Miller, provided FinTech leaders with a progress update on the country’s open banking plan this week, indicating the federal government is moving ahead with the much-delayed policy. In an address at the Open Banking Expo held in Toronto on Tuesday, Benzvy Miller said her agency has “drawn important lessons” from working with the departments of finance, industry, a…
OTTAWA—The federal government states that it will introduce a bill to implement an open banking system "as soon as possible", while some advocates of the project warn that its momentum could be slowed. The open banking system, or "banking services for people," as Ottawa calls it, aims to allow Canadians and businesses to safely share their financial data with third parties other than their banks. The open banking system could allow Canadians wit…
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