{"id":15702,"date":"2024-05-01T15:48:06","date_gmt":"2024-05-01T15:48:06","guid":{"rendered":"https:\/\/margill.com\/?p=15702"},"modified":"2025-10-10T08:47:25","modified_gmt":"2025-10-10T12:47:25","slug":"open-banking","status":"publish","type":"post","link":"https:\/\/margill.com\/en\/open-banking\/","title":{"rendered":"Open banking"},"content":{"rendered":"<p>In Budget 2024, the Government of Canada announced its plan for the implementation of consumer-driven banking.<\/p>\n<p>Consumer-driven banking, also known as open banking or consumer-directed finance, refers to frameworks that allow consumers and small businesses<sup id=\"fn1-0-rf\"><\/sup>\u00a0to securely transfer their financial data through an application programming interface (API) to approved service providers of their choice. Consumer-driven banking enables consumers to securely use data-driven financial services that can help them better manage their finances and improve their financial outcomes.<\/p>\n<p>Consumer-driven banking may offer many benefits, but it&#8217;s important that Canada introduces it in a way that protects consumers.<\/p>\n<p>For more information about the subject, visit <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/banking\/open-banking.html\" target=\"_blank\" rel=\"noopener\">this page<\/a> on the Government of Canada&#8217;s website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Budget 2024, the Government of Canada announced its plan for the implementation of consumer-driven banking. Consumer-driven banking, also known as open banking or consumer-directed finance, refers to frameworks that allow consumers and small businesses\u00a0to securely transfer their financial data through an application programming interface (API) to approved service providers of their choice. Consumer-driven banking [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[421],"tags":[],"class_list":["post-15702","post","type-post","status-publish","format-standard","hentry","category-margill-and-industry-new"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Open banking - Margill<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/margill.com\/en\/open-banking\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Open banking - Margill\" \/>\r\n<meta property=\"og:description\" content=\"In Budget 2024, the Government of Canada announced its plan for the implementation of consumer-driven banking. Consumer-driven banking, also known as open banking or consumer-directed finance, refers to frameworks that allow consumers and small businesses\u00a0to securely transfer their financial data through an application programming interface (API) to approved service providers of their choice. 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