National Newswatch

Articles by Steve Boms

Open Banking: Consumers Must Have Right To Share Data

Mar 8 2019 — Steve Boms — — Millions of Canadians have turned to financial technology, or fintech, which provides intuitive, accessible platforms that enable even the least financially savvy consumers to manage finances and improve economic outcomes. Fintech applications allow Canadians to see the totality of their financial accounts in one place, find lower loan rates or better loan terms or avoid […]

For Canadian Consumers and Small Businesses, Open Banking is the Way Forward

Oct 8 2018 — Steve Boms — — The national budget passed by Parliament this February requires the Department of Finance to offer findings and recommendations for a move toward open banking. Lawmakers didn’t set a deadline, but Finance Canada is already engaging with industry stakeholders to solicit input. Canada’s movement toward open banking cannot come soon enough. The march toward open banking […]