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Open Finance Network Canada has written to the Finance Minister setting out “the opportunity that Consumer-Driven Banking represents for small businesses across Canada”.
A study by Economist Impact, supported by Temenos, found that Europe’s banks are “emulating the way non-traditional players have used technology”.
ScotPayments, the new scalable payments platform, remains in a private beta phase for now.
Banked’s chief executive officer Brad Goodall said the partnership will enable businesses to “leverage the power of Open Banking and real-time payments”.
The new login service, which has been trialled in Sweden, allows consumers to choose which data they wish to share with merchants.
In its pre-Budget submission, the not-for-profit association called on the government to continue to support Real Time Rail.
Prior to joining NAB, Andrew Irvine was head of Canadian business banking at Bank of Montreal.