Major figures from across the political spectrum, as well as key policy representatives, will address delegates at Open Banking Expo Canada on June 11 in Toronto.
Kirsten Fraser, director, financial services innovation at Finance Canada will deliver the Opening Keynote at this year’s Expo at the Metro Toronto Convention Centre, just weeks after Budget 2024.
Finance Canada’s Kirsten Fraser
Fraser will provide an update on the Department of Finance’s next steps for implementing Canada’s Consumer-Driven Banking Framework, as announced in the federal budget on April 16.
She is expected to address the government’s decision to appoint the Financial Consumer Agency of Canada to implement and govern the framework, and will also reveal the work ahead on establishing common rules, protecting privacy, setting out the liability structure, and establishing clear security requirements to protect consumers’ data.
This year, the Closing Keynote will be delivered by Conservative MP Ryan Williams, who has been on the frontline of Open Banking advocacy in Canada.
In March, the House of Commons voted to pass a second reading of Williams’ Bill C-365, which will require the government to accelerate the implementation of consumer-driven banking.
In his keynote, Williams will detail his plan as to how we, as an industry, can bring Open Banking home to Canada.
Elsewhere across the one-day Expo, delegates will hear from Ryan Grundy, lead, industry relations at Payments Canada in a session titled ‘Where will real-time payment rails interface with Open Banking?’.
Payments Canada announced in April that the final part of the build of its instant payment system Real-Time Rail will resume, with the aim to initiate testing of the new system through 2025.
This session will be followed on the Payments Stage by an update for payment service providers on the Retail Payment Activities Act.
“We are delighted to welcome policymakers, government officials, and influential figures in the Open Banking movement to our speaking roster,” said Adam Cox, co-founder, and managing director at Open Banking Expo.
“With the Canadian government committed to enacting a legislative framework for consumer-driven banking by 2025, our Expo presents a prime opportunity for aligning strategies, refocusing efforts, and sharing best practices.”
Check out the agenda and register for your ticket here.
