Open Banking Expo Canada offers financial services leaders insight and advice on the ‘when’ - not ‘if’ - Open Banking is implemented
As the government plans for the second phase of its Open Banking consultation, implementation and a working roadmap is high on its agenda. Hear direct from the Government what you can expect in order to plan your strategy.
Alongside the big names in financial services here in Canada, the event returns featuring trailblazers in other markets who will reveal their Open Banking progress. Discover the secrets to their success and the challenges they overcame in the path towards product innovation and customer adoption.
With the general election behind us, it is time to take stock, prepare for launch and put in place the building blocks for a successful Open Banking implementation Canada.
What’s new for 2020?
REGISTRATION AND NETWORKING
Speaker(s) to be announced shortly
EXECUTIVE PANEL DEBATE
Open Banking has the opportunity to change the face of the Canadian financial services landscape as we know it. 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. 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.
TRANSATLANTIC USE CASE – from prototype, to first mover, to consumer adoption
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.
REFRESHMENTS & NETWORKING
Are you ready to take first mover advantage?
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.
USE CASE: Europe’s leading Payment Initiation Service Provider (PISP)
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.
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.
Fireside chat with Finance Canada
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.
Speaker(s) to be announced shortly
Credit Unions; top 3 benefits of Open Banking
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
Open Banking Expo welcomes CCUA’s chief executive officer to reveal their latest thinking and what members can do now to harness the opportunities Open Banking will create when it is given the go ahead.