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Wire · operational-macro

BoC launches open banking consultation

2 November 2026 · By · Wire by Fusion42

Published

2 November 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

Canada

◆ Source

Read at investmentexecutive.com →

◆ Verified

Fusion42 · 2 November 2026 · Fusion42 review

The Bank of Canada has launched consultations on its supervisory approach for open banking, focusing on accrediting third-party providers and participating financial institutions to ensure governance, risk management, and operational resilience.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

You must engage with Canada's open banking rules now or risk falling behind on compliance and market access. This regulation sets the stage for new competitors and partnerships in Canadian consumer data services.

◆ Coverage

1 source · 2 Nov 2026

◆ Related on Wire

◆ Topics

Fintechopen-bankingbank-regulationfintechconsumer-datasupervision