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Wire · regulatory

BoC launches open banking consultation

3 November 2026 · By · Wire by Fusion42

Published

3 November 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

Canada

◆ Source

Read at advisor.ca →

◆ Verified

Fusion42 · 3 November 2026 · Fusion42 review

The Bank of Canada has initiated a consultation on open banking, signalling its role as the supervisor of a new consumer-driven banking framework in Canada.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 2 Nov 2026 and 3 Nov 2026.

◆ ◆ The Wire takeaway

The Bank of Canada is setting rules that will reshape how customers and fintechs interact with banks. You need to start preparing your products now around this new open banking supervision to capture early market access.

◆ Coverage

2 sources · first reported 2 Nov 2026 · latest 3 Nov 2026

◆ Related on Wire

◆ Topics

Fintechopen-bankingbank-of-canadaconsumer-bankregulationfintech-canada