In an open letter published 14 March 2022 by the Council of Canadian Innovators (CCI) and addressed to Randy Boissonnault, Canada’s associate finance minister, a group of Canadian fintech execs and industry stakeholders have expressed frustration regarding the Government of Canada’s progress on Open Banking and fear that the country’s Open Banking file ‘is being left to gather dust.’
Following a long consultation process that began over three years ago and was criticized by fintech companies for its speed, Canada’s Advisory Committee on Open Banking completed its report last year and released it to the public in August 2021.
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