Innovation news

Canada’s move toward formal open banking rules in 2025 marks a turning point for fintech development. For years, startups built their tools by scraping data from online accounts. The new data-sharing framework replaces that fragile approach with verified, consent-based access to financial information. Builders of cash‑flow platforms, payroll link services, and SME payment systems are now reshaping their code and compliance models to align with new accreditation and liability

Canada’s financial technology sector is entering a decisive phase. By 2025, the federal Consumer‑Driven Banking framework and new retail payments supervision model will begin to redefine how financial data moves between consumers, banks, and emerging platforms. These policies will introduce common standards for secure API access, accreditation, and oversight—technical shifts that will influence how every new fintech product connects to the broader financial system. For startu

Canada’s long-anticipated open banking framework, set to launch in 2025, promises to redefine how financial data is accessed and shared across the country. While open banking has been discussed for several years, the national rollout signals a shift from experimentation to regulation. Accredited participants will soon work under a common technical standard and a clear consent-based model, setting the stage for transparent competition among banks, fintechs, and research-driven

Canada’s move toward consumer‑driven banking—the local adaptation of what many call open banking—is poised to redefine how financial data flows across institutions in 2025. The new framework, led by the federal consumer agency and tied to Budget 2025, will accredit participants and publish rules for responsible data access. For fintech founders, the transition is more than a compliance update. It’s a turning point in how new services will connect savings, credit, investments,