FDATA Welcomes Royal Assent of Bill C-15, Advancing Canada’s Open Banking Framework
The Financial Data and Technology Association (“FDATA”), a trade association representing more than 30 financial technology companies and consumer-permissioned data access platforms, today welcomed the granting of Royal Assent to Bill C-15, a critical step forward in establishing Canada’s consumer-driven banking framework. With Bill C-15 now enacted, Canada formally establishes the legislative foundation for a secure, consumer-permissioned data sharing ecosystem—one that will enable individuals and small businesses to access and share their financial data with the providers of their choice, free from unnecessary barriers.
