Recorded live at Open Banking Expo Canada in Toronto, Eyal is joined by Saba Shariff, Chief Strategy, Product & Innovation Officer at Symcor, a leading infrastructure provider to the largest Canadian banks. The road to open banking in Canada has been long and difficult. After many years of deliberation and delay, they finally  passed their first open banking regulation in 2024, known as the Consumer-Driven Banking Act. Since then, progress has been stalled by political turmoil. However, with a new prime minister now in place and a renewed focus on nation building, Canada’s 2025 budget announcement aims to take their open banking efforts to the next level. Eyal and Saba discuss the journey of open banking in Canada so far, the approach taken in the Consumer-Driven banking regulation, and what the new budget announcement portends for the near future.

Specifically they discuss:

• A history of open banking in Canada
• The Consumer-Driven Banking Act
• What makes Canada’s approach unique
• The advantages of being late
• Big updates from the 2025 budget