Open Banking Compliance Services for Data Sharing
Open banking is now arriving in Canada in the form of consumer-driven banking. We help fintechs get ready to participate, from accreditation to secure data sharing, consent, and moving off risky screen scraping.
Open Banking Is Now Consumer-Driven Banking
In Canada, open banking is being built as the consumer-driven banking framework, now set in law and overseen by the Bank of Canada. It lets customers share their financial data with accredited providers through secure connections. We help you understand the framework as it stands and prepare your business to take part in it.
Getting Ready to Take Part
Participating means meeting real requirements. The framework brings accreditation, secure data handling, strong authentication, and clear customer consent, and it aims to replace the risky screen scraping many services still rely on. We help you prepare for accreditation, build compliant data sharing and consent, and position your business for read access now and payments as the framework expands.
Accreditation Readiness
We help you prepare to meet the accreditation requirements of the framework.
Consent Building
We help you build the consent and authentication the framework requires of participants.
Data Sharing
We help you replace screen scraping with secure, compliant data sharing.
Framework Monitoring
We track the framework as it develops, so your readiness stays current.
Ready to Simplify Your Compliance?
Businesses We Support With Data
We support fintechs, data aggregators, payment service providers, lending platforms, wealth apps, and the many other businesses preparing to share or use financial data under Canada’s new consumer-driven banking framework.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why Businesses Choose Our Compliance
Framework Fluent
We track the consumer-driven banking framework as it develops, so your preparation is based on where the rules actually stand.
Accreditation Ready
We help you prepare for accreditation early, so you can take part as the framework opens rather than scrambling later.
Securely Compliant
We help you move to secure data sharing and consent, so you leave risky screen scraping behind for good.
Serving Businesses Across Canada
We support businesses right across the whole of Canada, from Toronto and Montreal to Vancouver and Calgary, and foreign providers preparing for Canadian consumer-driven banking wherever they happen to be based.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
Open Banking Questions
Clear answers to the questions businesses ask most about preparing for open banking and consumer-driven banking across Canada under the framework.
What is open banking in Canada?
It is the consumer-driven banking framework, now set in law and overseen by the Bank of Canada, letting customers share financial data with accredited providers.
When does open banking start in Canada?
The framework is being stood up in phases, with read access planned first and payments to follow, though exact dates are still developing.
What is accreditation and who needs it?
Accreditation is approval to take part in the framework. If you want to access shared financial data, you will likely need it.
Does this replace screen scraping?
Yes. The framework is designed to replace risky credential-based screen scraping with secure, consent-based data sharing through the accredited system.
Should we prepare now or wait?
Prepare now. Getting your accreditation, consent, and data handling ready early means you can take part as soon as the framework opens.