On April 16, the Canadian government made a long-awaited announcement regarding Canada’s Open Banking implementation. [Read more…] about How Fintechs Can Get Started on Their Open Banking Journey
Symcor
Symcor Launches AI-Powered Solution to Mitigate Payment Fraud in Canada
One of Canada’s leading business solutions provider this week announced a new launch toaddress the escalating challenge of Authorized Push Payment fraud, which is where unsuspecting individuals are deceived into electronically transferring funds to fraudulent accounts. [Read more…] about Symcor Launches AI-Powered Solution to Mitigate Payment Fraud in Canada
Abraham Tachjian Holds onto Helm as Open Banking Stalls in Canada
Last year, the federal government tapped a fintech leader to lead development toward establishing Canada’s open banking system. [Read more…] about Abraham Tachjian Holds onto Helm as Open Banking Stalls in Canada
Navigating Open Banking: Canada’s Journey Toward Implementation and the Road to a Hybrid Model
Open Banking is a globally growing financial services trend that enables financial data to be shared, with the consent of the consumer, with authorized third-party service providers (TPPs). It is intended to be a more secure framework for data sharing through secure channels such as Application Programming Interfaces (APIs), moving away from current data sharing methods such as screen scraping and credential sharing. [Read more…] about Navigating Open Banking: Canada’s Journey Toward Implementation and the Road to a Hybrid Model
Canadians’ Data Sharing with Financial Providers Triples Since 2020
The 2023 EY Open Banking Study conducted in collaboration with Symcor, reveals that Canadians are now three times more willing to share data with financial service providers that they have an existing relationship with — compared to 2020 – and this willingness grows as age increases. [Read more…] about Canadians’ Data Sharing with Financial Providers Triples Since 2020
Symcor Deepens Fintech Footprint with Launch of Open Banking Ecosystem
A Canadian business solutions provider recently announced a new suite of open banking services.
Toronto-based Symcor says its latest launch of open banking services builds on a “proven history of providing utility-based solutions for some of the country’s largest organizations.” [Read more…] about Symcor Deepens Fintech Footprint with Launch of Open Banking Ecosystem