Transformative Technologies & the Law: Open Banking

Presented on Wednesday, April 25, 2018

  • Materials:
  • Transformative Technologies & the Law: Open Banking

    • Speakers:
    • Eytan Bensoussan, Founder and CEO, NorthOne
    • Doug Steiner, CEO, Evree Corp.
    • Kirsten Thompson, Partner, McCarthy Tétrault LLP
  • About this program:
  • 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"), to enable third party developers to build applications and services around a financial institution. "Open banking" essentially allows third parties such as retailers, fintechs, and others to use bank customers' data — with customers' permission — to offer tailored products and services.

    The move toward open banking is being driven by Europe-wide regulation, which require banks to make customer data accessible. This regulation has the potential to radically change the face of banking by allowing merchants, technology companies and other groups to provide financial services, potentially through collaboration with established banks behind the scenes. Canada has now begun to explore the role of open banking on its own financial ecosystem.

    Join us as we examine what the global trend to open banking means for financial institutions, fintechs and companies seeking to access consumer financial data.

    This program qualifies for up to 1.5 hours of eligible educational activity or CPD/MCE credit under the mandatory education regimes in British Columbia, Ontario and Québec.