Open Finance Network Canada (OFNC)

🗞️ News Flash    The Logic just released an article focused on “Navigating Data Access: The Shift from Screen Scraping and Open Banking” Our President, Michelle Beyo, was asked for her perspective on the pace of Open Banking. Beyo said she’s glad the framework is moving forward, but is frustrated with the pace and the questions that remain. “What we need now is a date, a mandate and a clear roadmap.” 💡 Check out the article to learn how OFNC and other industry leaders advocate for positive change in Canadian financial services. -> https://lnkd.in/gc6XVBjK #OpenBanking #FinancialInclusion #OFNC #Fintech Claire Brownell Michelle Beyo Roy Kao Eyal Sivan Karen Budahazy Tara Wilson, CDI.D Carlos Beltran Nur Öztin Kurak, MSc Megha Sharma

🌟OFNC November Meet-Up: Personal ‘Open Finance’ Management🌟 📅 Date: November 26, 4:00 pm – 8:00 pm 📍 Location: OITC - 250 Yonge Street 🎟 Early Bird Discount: Secure your spot and save 20% by registering with code OFNC24PFL by November 15! https://lnkd.in/ezATFTYC In celebration of Financial Literacy Month, OFNC is thrilled to bring together an expert panel to dive into how open banking can empower individuals and SMEs to take control of their financial future. Join us to gain actionable insights on using open banking for financial resilience and smarter decision-making! 🎤 Meet Our Panelists: Moderator: Cindy Zhang Panelists: Lamia Mekouar Braulio L., Mark Sam 💡 Why Attend? Discover how open banking tools can enhance your financial well-being. Get exclusive insights on the U.S. CFPB’s Open Banking framework and its influence on our financial landscape. #personalfinance #openbanking #openfinance #finances EQ Bank | Equitable Bank Major Street Enterprises IG Wealth Management Michelle Beyo Eyal Sivan Roy Kao Karen Budahazy Tara Wilson, CDI.D Megha Sharma Nur Öztin Kurak, MSc Carlos Beltran Daniel Kornitzer

We’re pleased to share that our board members, Roy Kao and Eyal Sivan, will speak at the upcoming OpenFinity Expo on November 19-20! Join them as they bring their expertise to this OpenFinity virtual event, guiding the financial community in navigating adoption, compliance, and the future of open finance in the US and Canada. 📅 Date: November 19-20 💻 Format: Virtual and FREE to attend! Don’t miss this opportunity to hear from industry leaders shaping the future. -> Register here! https://lnkd.in/easAATUZ Michelle Beyo Tara Wilson, CDI.D Karen Budahazy Carlos Beltran Nur Öztin Kurak, MSc Megha Sharma Daniel Kornitzer

📢 OFNC November Meet-Up Alert: Future-Proof Your Finances with Open Banking Insights! November 26th 4:pm – 8:00 pm In celebration of Financial Literacy Month, OFNC is thrilled to host our November meet-up on how open banking can empower individuals and SMEs to gain control and clarity in managing finances. Our panel discussion theme is open banking and personal finance benefits, and we will also take a close look at the U.S. CFPB’s Open Banking framework for actionable insights! 💡 Why Attend? Discover how open banking tools can support financial resilience and smarter decision-making. Get the latest insights on U.S. open banking trends from the CFPB and explore their impact on our financial landscape. 🎟 Early Bird Discount: Don’t miss out! Register by Nov 15th with code OFNC24PFL for a 20% discount. -> https://lnkd.in/ezATFTYC Join us for an informative and engaging session! Michelle Beyo Tara Wilson, CDI.D Karen Budahazy Eyal Sivan Roy Kao Nur Öztin Kurak, MSc Carlos Beltran

📢 Exciting Open Banking Update in the U.S. The U.S. has taken a major step forward with the recent release of its open banking rules. The U.S. Consumer Financial Protection Bureau is setting the stage for greater consumer control over financial data, aiming to phase-in requirements. Phase 1 will allow large institutions to provide data via standardized APIs by April 1st, 2026. This landmark shift encourages secure API use over screen scraping, limits fees for data access, and empowers consumers to revoke data access on demand. We continue to advocate for open banking in Canada, with anticipated developments in open banking legislation in the fall economic statement. Please stay connected with us at OFNC as we continue encouraging and bringing the industry together to discuss the future of open financial services in Canada. For more information: https://lnkd.in/g4YzJ7dG #OpenBanking #Fintech #DataEmpowerment #FinancialInnovation #Canada Michelle Beyo Tara Wilson, CDI.D Roy Kao Eyal Sivan Karen Budahazy Carlos Beltran Daniel Kornitzer Bhupinder Singh

Exciting news for the future of open banking in Canada! Shereen Benzvy Miller has been appointed as the new Commissioner of the Financial Consumer Agency of Canada (FCAC), taking on the role as the agency expands its oversight to include open banking. This marks a significant moment in ensuring Canadians' financial data is securely shared with third-party providers like budgeting apps and fintech services. Miller’s extensive government and regulatory oversight background makes her an ideal choice to lead the charge in advocating for consumers’ rights in this evolving financial landscape. With her leadership, the FCAC will continue to protect the interests of Canadians while fostering innovation and competition within the financial services sector. #OpenBanking #Fintech #FinancialInclusion #DataSecurity #OFNC #ConsumerProtection #InnovationInFinance #FCAC #CanadaFinance Michelle Beyo Tara Wilson, CDI.D Karen Budahazy Roy Kao Eyal Sivan Carlos Beltran Megha Sharma Daniel Kornitzer https://lnkd.in/e3WA5yuF

🎉 Huge congratulations to all the Open Banking Expo Awards 2024 winners! We want to give a special shout-out to Open Banking Expo (OBE) for another incredible event and for celebrating the innovations and pioneers driving the Open Banking and Open Finance sectors forward. A particularly exciting moment for the Open Finance Network Canada (OFNC) was seeing our Chair, Michelle Beyo, founder of Finavator, being Highly Commended in the Woman of the Year – International category. We’re also thrilled to see Carrie Forbes, former OFNC board member and CEO of League Data, crowned Woman of the Year – International. We couldn’t be happier for her and her well-deserved recognition! Thank you to Open Banking Expo for spotlighting trailblazers like Michelle and Carrie, and congratulations to all the award winners for their outstanding achievements. Here's to pushing the boundaries of Open Banking, Open Finance, and Payments globally! 🌍💡 #OBE2024 #OpenBankingExpo #OpenFinance #OFNC #Innovation #Leadership #FinTech #WomenInFinTech Looking forward to more milestones ahead! 👏 https://lnkd.in/dfSjsb46 @OpenBankingExpo @Finavator Michelle Beyo Carrie Forbes Carlos Beltran Tara Wilson, CDI.D Karen Budahazy Eyal Sivan Roy Kao Megha Sharma Nur Öztin Kurak, MSc Daniel Kornitzer Bhupinder Singh

Webinar Announcement! OFNC is excited to have many of our board members speak at NextFi’s Open Banking virtual event on September 26th! This gathering of industry leaders will explore the implementation of open banking solutions and their potential to drive financial advancement. Join this free event to hear "How to Accelerate Fintech Clusters Through Open Banking" at 12pm EST with experts: 🎤 Michelle Beyo CEO FINAVATOR INC & President, Open Finance Network of Canada 🎤 Abdi H., Director, Payments Strategy and Partnership Development, Wealthsimple and OFNC Board Advisor 🎤 Adam B., Partnerships and Open Banking Lead, TSB Bank Moderated by Alex Vronces Executive Director at Fintechs Canada Also join our Eyal Sivan GM Ozone API, OFNC Board member AKA Mr.Open Banking session "Canada and US Diverging Paths on Open Banking" at 11:05am EST Congratulation Marc Andrew Founder, NextFi on this great half day event called "Achieving Open Banking" This is a fantastic opportunity to deepen your understanding of open banking trends, explore innovative solutions, and engage in stimulating discussions. Don’t miss out! Register for free to secure your spot: https://lnkd.in/gA4KPd8U #openbanking #openfinance

Power of Open Finance for SME’s 🔥 We are proud to share that our event last was a great success! We focused on our Whitepaper “Unveiling the Potential: The Benefits of Open Finance for Small Business” We had so many of Canada’s 🇨🇦 expert in the room including: 🎤 Host: Michelle Beyo “CEO, FINAVATOR INC & President, OFNC Opening Speaker: Ann Cavoukian, Ph.D. former Privacy Commissioner and creator of “Privacy by Design” 🎤 Moderator: Megha Sharma OFNC, Board Advisor 🎤Eyal Sivan Mr. Open Banking & GM North America Ozone API 🎤Daniela Chiasson Peoples Group 🎤Simon Gaudreault Chief Economist Canadian Federation of Independent Business As well as so many OFNC members as well as industry leaders Karen Budahazy Carlos Beltran Abdi H. Thierry Sébastien Battistini Matt McGuire FCPA, FCA, CFF, CAMS, AMLP, CCI Nur Öztin Kurak, MSc Elena Litani Frank Monaco Ana Badour Braulio Lam Marko Pavlovic Buffy (Elizabeth) Duke and so many more Thank you to our incredible panelist, our volunteers, board, members and industry leaders for joining us Excited for the future for Canadian SME’s. We hope for a path to consumer driven banking that includes read followed by write access and access to SME data with multi consent. #openbanking #openfinance #consumerdrivenfinance #privacybydesign

🚨 Tickets are going fast! 🚨 Don’t miss out on our in-person September session: Enhancing Financial Inclusion in B2B, featuring a keynote from the renowned Ann Cavoukian, Ph.D., former Privacy Commissioner for 20+ years, who will kick off the event with a deep dive into Privacy by Design. Join us as we host a powerful panel discussion that explores financial inclusion for SMEs, building on insights from our recently published white paper. 🎟️ Tickets are limited, so secure yours now and be part of this important conversation! https://lnkd.in/egFCy8Kw #FinancialInclusion #B2B #OFNC #PrivacyByDesign #SMEs #PanelDiscussion #openfinancenetworkcanada Michelle Beyo Tara Wilson, CDI.D Daniel Kornitzer Mr. Open Banking Karen Budahazy Carlos Beltran Megha Sharma Roy Kao Abdi H. Cindy Zhang Bhupinder Singh