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Maximizing the Competitive Potential of Open Banking: Insight from the Canadian Conversation

BY | April 12, 2021

Open banking allows users to securely transfer information between financial service providers. This eases consumer switching and incentivizes the development of a range of innovative new financial service products. However,…

Open banking allows users to securely transfer information between financial service providers. This eases consumer switching and incentivizes the development of a range of innovative new financial service products. However, exchanging such sensitive information can require significant regulatory supervision to ensure privacy and data protection. This creates an opportunity for competition authorities to play a key role in ensuring that such regulations maximize competition and innovation while

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