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Join us for three days of bite-size virtual content November 3-5 2020
OPEN BANKING IS BACK ON THE AGENDA
Now is the time to revisit your Open Banking strategy as Canada’s Department of Finance has signalled its potential to play a pivotal role in the country’s economic recovery
2020 HEADLINERS INCLUDE
VIRTUAL 2020 PROGRAM
All timings are EST
Tuesday 3rd
Open Banking has the opportunity to change the face of the Canadian financial services landscape as we know it. In a post-Covid 19 world senior digital leaders and policy makers will provide healthy debate, insight and opinion as the market continues to prepare for the largest digital transformation in a generation at a time that has never been more critical. With the second phase of the Open Banking consultation soon to launch, our panellists will deep dive into the current rate of evolution and field questions on what the Open Banking roadmap might look like as the Government prepares to consult on implementation. Moderated by Parna Sabet-Stephenson, Partner, Golwing WLG
Head on over to the Virtual Partner Booths or connect with fellow participants to discuss all things Open Banking.
Speaker(s) to be announced shortly
Head on over to the Virtual Partner Booths or connect with fellow participants to discuss all things Open Banking.
HSBC in the UK has led the way in Open Banking innovation and delivery since the Competition & Markets Authority order came into play in January 2018. Via partnerships and innovation by design the organisation’s Open Banking Director will reveal for the first time the highs and lows of their journey and the challenges they have faced.
The Canadian Credit Union Association (CCUA) participated in the Department of Finance’s 2019 consultation on the merits of Open Banking. It found that Canadian credit unions are supportive of the introduction of an Open Banking regulatory framework to benefit their members and Canada as a whole.
Top 3 benefits include:
- Modernisation; Open Banking could help reduce the costs of complying with the various regulations that exist
- Competition; An Open Banking framework creates competition, providing space for smaller outfits. It could therefore increase Canadians’ awareness of the credit union alternative.
- Digitization and Digital ID; Open Banking should be introduced in lockstep with or after the implementation of a cross-sectoral Digital ID system. Doing so will increase trust and better socialize and expose Open Banking to Canadians
Speaker(s) to be announced shortly
Wednesday 4th
In a recent Open Banking survey undertaken by Accenture, it was reported that most Canadians aren’t yet interested in the benefits of Open Banking, although a closer analysis of the data shows that younger people are much keener to share their financial data in exchange for benefits.
“Banks, therefore, should act now to draw up a strategic plan and decide where in the broader Open Banking ecosystem they want to position themselves,” said Andrew McFarlane, Managing Director, Canadian Payments Practice Lead & Global Open Banking Lead.
We welcome Andrew to the stage, who will offer delegates a thought-provoking session which will challenge whether the industry is ready and sufficiently innovative to take first-mover advantage.
One of Europe’s ace players in the Open Banking market reveals its ingredients for success when it comes to hurdling regulation and compliance issues, driving adoption and competing at the top of the innovation tree.
Head on over to the Virtual Partner Booths or connect with fellow participants to discuss all things Open Banking.
The Canadian Federation of Independent Business (CFIB) recently conducted a survey that revealed that while half of small businesses are now completely open, less than 20 percent are earning their usual income for this time of the year. This panel will focus on;
- Ensuring economic recovery through Open Banking principles
- Access to bespoke and personalised lending products via Open Banking in other regions has surged- what can Canada learn to build its own plan of attack to combat the economic impact from Covid-19
- Why wait for regulation? Should we let innovation show us the way to economic success for SME’s?
Thursday 5th
We’re now more than one year on from the Department of Finance’s consultation on the merits of Open Banking in the Canadian financial services sector, we welcome a Government representative to reveal its plans for implementation, data security and its stance on a potential Open Banking roadmap with the recent announcement around the hyped ‘Consumer-Directed Finance’.
This unique panel discussion will bring together a collection of handpicked insights from across the banking, Fintech and regulation ecosystems. On the agenda for this session will be:
- If Open Banking is to materialise in Canada how do we eradicate resistance and in some cases, fear?
- How do incumbent banks safely and successfully navigate the Ope Future?
- A market driven by innovation- what can we learn from other regions around the globe?
- Canada provides one of the worlds most vibrant FinTech ecosystems- so what are the challenges facing the market today and how do we overcome them?
Head on over to the Virtual Partner Booths or connect with fellow participants to discuss all things Open Banking.
In June 2018 Token made history by becoming the first licensed Payment Initiation Service Provider (PISP) to conduct an end-to-end payment through a public bank API. Since inception Token continues to set the pace in the Open Banking playing field connecting in with the highest volume of banks globally. Here its CEO will take delegates on a journey from concept to delivery.
Session content to be announced.
2019 PHOTO GALLERY
