As the only podcast dedicated to open banking, our podcast strives to be one of the key voices in the global open banking community. The goal of the show is to educate people on how the world of finance is being shaken up by open banking, ultimately giving them more ways to save their money, move money around and improve their financial well-being. To those building open banking, we bring the unique perspectives of technology innovators, financial leaders and key influencers, as we aim to accelerate its continued evolution.
Oh Canada
The growth of open banking is historically driven by environmental factors. In environments marked by wealth inequality, or a lack of trust in traditional finance, open banking flourishes as a promising alternative. Conversely, in stable environments, it often stagnates, viewed as a needless risk. Canada, known for its risk aversion, exemplifies this trend. To open season 5 of Mr. Open Banking, Eyal sits down with Abraham Tachjian, Director of Digital Banking at PwC Canada and the former Open Banking Lead for all of Canada, to discuss whether conservative Canada will be ready for the coming wave. In March of 2022, Abraham was appointed by the Canadian Department of Finance to lead the development of a national open banking framework, and for the last two years he has been doing just that. Eyal and Abraham explore the key role Abraham has had in delivering a guidebook for open banking in Canada, lessons learned along the way, and what the next steps are for all stakeholders involved.
Specifically they discuss:
• The formative years of open banking in Canada
• The importance of strong governance
• How the work was structured and approached
• Canadian open banking versus the other regions
• The future of open banking in Canada