A long-awaited change to Canadian banking is coming. What to know - National | Globalnews.ca
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Change is in the works that will give Canadian consumers and businesses significantly more control over their financial data, in what’s known as open banking.

cross-posted from: https://lemmy.ca/post/17302131

A long-awaited change to Canadian banking is coming

Open banking works by giving consumers the option to share their banking data with other firms. The most common use is granting access to budgeting or money management apps and companies, so that a customer can pool different bank accounts and credit cards into one place.

Ah yes, finally what we’ve been missing in our financial system! 🤭

  • John
    9·
    8 months ago

    omg, yes! Accessing your own banking data for automatic accounting is hellish in Canada. Even more powerful will be the ability to start marking up your transaction data with your own metadata.