More than 40 companies have joined forces to launch Fintechs Canada, a lobby group that will push for so-called open-banking rules and other regulations they say would enable more innovation in a financial sector that’s dominated by a handful of domestic banks.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Canada has been slowly moving ahead with consultations on an open-banking framework. Data protection and consumer privacy are key issues. In March, the federal government named lawyer and consultant Abraham Tachjian as its czar on the topic. But the process is moving too slowly for some firms.
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