The state of open banking in Canada and around the world

In the beginning there was… the API

  • Private APIs: used within the traditional banking organization, reducing friction and enhancing operational efficiency.
  • Partner APIs: such are usually between a bank and specific third-party partners, enabling the expansion of product lines and channels.
  • Open APIs: with a true Open API, data is made available to third parties that many not have a formal relationship with a bank. More and more institutions are considering adopting this approach.

Open banking around the world

The current situation in Canada

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Phil Siarri

Phil Siarri

Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me> psiarri.xyz