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Tag Archives: Open Banking

Canadian Competition Bureau Releases Fintech Report for Consultation

Posted in Big Data, FinTech, Open Banking

On November 6, 2017, the Competition Bureau (Bureau) released a draft report on its market study into technology-led innovation in the Canadian financial services (Fintech) sector.[1] The Bureau has invited feedback from interested parties only until November 20, 2017, an uncharacteristically short comment period. Financial services are an area of interest for the Bureau due… → Read More

German Regulator Finds Banks’ Data Rules “impede non-bank competitors”

Posted in Big Data, European Union, Financial, FinTech

“Open Banking” is an emerging term in financial services / financial technology that refers, among other things, to the use of open application programming interfaces (“APIs“) enable third party developers to build applications and services around a financial institution. This requires a financial institution to throw open the doors to its customer data and allow… → Read More