Why the world of impact should care about open banking

Author Vinod Rajasekaran
It sets the agenda for inclusive growth

Why It Matters

Open banking holds transformative potential to reduce costs, improve Canadians' ability to manage financial services, and gain access to a wider range of services. We havenโ€™t yet had a significant conversation about the social purpose merits and potential of open banking. The time for that discussion is now.

var TRINITY_TTS_WP_CONFIG = {"cleanText":"Why the world of impact should care about open banking. In the past few weeks , two events quietly kicked off the next era of financial services in Canada: The Global Summit for Banking on Values and the Government of Canada\u2019s consultations on open banking. For the first time, experts from banking and fintech, policymaking, and consumer groups came together to explore what open banking means for growth, economic inequality, and consumer choice. Although the events received little coverage, they have set in motion ideas and conversations that have the potential to catalyze a radically inclusive economy and society. So, pay attention. \u00a0 THE BACKDROP \u23f8\u2587 Banks have always held a wealth of data about their customers\u2019 finances and hab

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