Blog: Showcasing EY’s extensive international experience in Open Banking

Abhishek Sinha,
14 May 2024

Global professional services organization EY has established itself as a pioneer in Open Banking, and it is this extensive international experience across major markets that we will be showcasing at Open Banking Expo Canada on June 11.

With a strong track record in regulatory change management, technical infrastructure development, and innovative business models, EY has become a trusted implementation partner for financial institutions worldwide.

In addition, EY offers managed services and innovative tools to help clients navigate the complexities of the Open Banking landscape.

International experience in Open Banking

EY’s expertise in Open Banking spans various countries and sectors – from the UK to Australia, Brazil to Canada, EY has been at the forefront of regulations and practices, working closely with governments, industry bodies, and financial institutions.

At Open Banking Expo Canada in Toronto, delegates can hear from me on the Main Stage, as I’ll be presenting the latest EY annual Open Banking survey results.

In this session, I will be joined by Mastercard to take a deep dive into the findings and what they reveal about retail and SME consumer preferences, perspectives, and willingness to participate in the future of Open Banking. The session will focus on answering the question: “How can you seize opportunities and manage emerging risks to win in an Open Banking world?”


EY has played a crucial role in assisting the non-profit organization FDX in designing an impartial and efficient technical certification program for its API. This program encourages interoperability and recognizes those leveraging the FDX API.

Government bodies

EY has been engaged by prominent government bodies to facilitate discussions on core Open Banking topics, including data sharing, third-party management, and liability. In the UK, EY provided advisory services to the HM Treasury Open Banking Working Group to improve data sharing in banking and publish a framework for Open Banking. Similarly, in Australia, EY conducted an independent review for the Department of Treasury (DoT) to determine the most appropriate model for enabling Open Banking.

Brazil – World Bank Group

EY conducted a comprehensive study to map the current state of Open Finance in Brazil, with a focus on social inclusion. This further highlights EY’s commitment to making Open Banking accessible to all.

Recognition and awards

EY’s expertise and contribution to the Open Banking ecosystem have been recognized globally. EY was honored with the prestigious Business Consultant of the Year Award at the Open Summit Awards in Brazil for its role in shaping the Brazilian Open Finance landscape.

Implementation talent and expertise

EY’s implementation team boasts considerable experience, including the successful full-banking system implementation in Canada. With their international expertise and streamlined framework, EY is well-equipped to guide clients through the entire Open Banking lifecycle. From conducting gap analysis and business modelling, to tech implementation, change management, and managed services, EY ensures seamless navigation through Open Banking challenges.

Managed services and development capabilities

EY goes beyond implementation and offers a range of managed services and innovative tools to help clients thrive in the Open Banking environment. These services include:

  • EY FUSE: A consent management tool, deployed in Australia, that allows customers to track and manage their data-sharing preferences, ensuring transparency and control over their financial information.
  • EY Nexus: A cloud-based platform that empowers financial institutions with advanced technologies, enabling faster and scalable innovation with reduced risk. EY Nexus provides actionable insights to customers through real-time, customized interactions, facilitating Open Banking and unlocking value in ecosystems.


You can also catch my colleague Adeline Cheng on the Payments Stage at 2.15pm at Open Banking Expo Canada in Toronto, when she will be explaining how to get started on building an operational risk management program to demonstrate compliance with RPAA requirements.

We will give delegates an overview of the requirements and what it means, as well as offering the lessons learned on implementing operational risk and resilience programs.

Abhishek Sinha is partner, banking and capital markets at EY

View the agenda in full and register for your ticket here.