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The Open Finance Coalition has set out several challenges and opportunities, including that a lack of data sharing impacts financial outcomes for consumers and SMEs.
Cecilia Frew, Plaid’s head of Open Finance, said that 84% of consumers believe they are “better off” as a result of being able to manage their financial lives online.
The Open Finance Network of Canada has written to Minister of Finance Chrystia Freeland, asking what steps will be taken to “minimize delayed implementation of a working system for Canadians”.
The deal “equips” Paramount Commerce with new payment products and features.
Justus Brown, Acre’s chief executive officer, said mortgage and protection brokers have had to rely on “outdated, manual processes to collect fees”.
Radha Suvarna, chief growth and product officer at Finastra, discusses emerging cross-border payment trends, and its collaboration with Visa Direct.
Brim Financial has partnered with Mastercard to modernise US credit card infrastructure in the US.