More discussions on open banking taking place

A big change to Canadian business may be coming soon, as open banking and the use of apps become more commonplace. Earlier this year, the government announced via its website that it took steps to bring it closer to Canada and is now in the process of consulting with industry and regulatory leaders to see if it will work. If it does, it opens up a new world of ease in online banking and could lead to an increase in people using credit for purchases.