Open Banking Expo Canada | PaySpace Magazine (2024)

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Jan 22, 2024

Open Banking Expo is back with three stages of searingly-hot content on the future of consumer-driven banking following November’s Fall Statement, which outlined the introduction of an Open Banking framework in Canada in 2024.

Open Banking Expo Canada | PaySpace Magazine (2)

Join us to discover how to operationalize consumer-driven finance, commericalize new products and services, supercharge your customer experience, and improve the financial futures of businesses and consumers.

  • 600+ attendees, 80+ speakers, 20+ exhibitors and 20+ hours of critical content
  • Hear from RBC, CIBC, BMO, EQ Bank, Mainstreet Credit Union, BBVA, Vancity, Amazon, and many, many more!
  • Choose from high-octane sessions acrossthree stages delivered by 80+ innovators, disruptors and visionariesfrom banks, credit unions, and fintechs
  • Work the Expo floor!With so manypartners showcasing their Open Banking innovationyou might find the collaboration to achieve your objectives
  • Pre-book meetings in the Networking Zonewith peers across the Open Banking ecosystem using the event app!
  • Kick-start the day with our 5k morning run
  • Finish off the day at the conference networking drinks reception

See the agenda here: https://www.openbankingexpo.com/canada/#agenda

Register here: https://www.openbankingexpo.com/canada/canada-registration/

Find your social banner here:
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Open Banking Expo Canada | PaySpace Magazine (3)

Suggested social posts below. IMPORTANT: please edit the text in yellow (CODE20) to ensure you give the correct discount code to your audience. It is on your social graphic.

LinkedIn:

📢We are an official event supporter of#OBExpoCanada on June 11 and are delighted to offer you 20% off your ticket! Use CODE20 to book and enjoy hearing from 80+ experts across 3 stages, and networking with 600+ delegates. Book today👉 https://bit.ly/3EBdigC

@Open Banking Expo
#OBExpo #openbanking #consumerdrivenbanking #openfinance #payments

X:

📢We’re an official event supporter of@OpenBankingExpoCanada on June 11 and are delighted to offer you 20% off your ticket! Use CODE20 to book and hear from 80+ experts across 3 stages, and network with 600+ delegates. Book today👉 https://bit.ly/3EBdigC

#OBExpo #openbanking #consumerdrivenbanking #openfinance #payments

Open Banking Expo Canada | PaySpace Magazine (4)

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Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.

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Open Banking Expo Canada | PaySpace Magazine (2024)

FAQs

What is open banking and how does it work? ›

Open banking allows you to share that data with another financial service provider — either a different financial institution or third party, and empowers you to use your own data for your own benefit. Third-party providers can include a wide range of fintechs, currency exchanges, merchants and other digital platforms.

What are the merits of open banking in Canada? ›

Benefits of open banking
  • secure access to more useful and innovative financial products and services.
  • real-time access to all your financial accounts, products and services in one place.
  • quick and easy access to more personalized tools and products to help you better manage your finances like:
Jun 3, 2024

What are the pros and cons of open banking? ›

It offers many advantages, such as increased convenience, access to a diverse range of financial services, and a network of synergetic third-party applications. But it also has some disadvantages, being the security risks of sharing data the most important drawback.

What is a simple example of open banking? ›

Open banking enables a consumer to share access to their identity data when onboarding with another service. Some common examples are: Address verification: A consumer can share their address from a bank account, avoiding manual forms of address verification such as providing a utility bill.

Can anyone use open banking? ›

No. You'll only use open banking if you give your explicit consent to a firm that provides a regulated app or website.

Who benefits from open banking? ›

Open banking can help small businesses by providing access to financial services and data that they may not have had access to previously. This can include things like payment processing, financial analysis, and other services that are typically only available to larger corporations.

Which banks support open banking? ›

Bank of Scotland (Personal and business accounts) Barclays (Personal and business accounts) Danske Bank. First Direct.

How can banks make money from open banking? ›

How does open banking make money? Companies that work within open banking infrastructures make their money in various ways. For example, they may charge a subscription fee for merchants to use account information services via apps.

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