open banking
Financial Consumer Agency of Canada Outlines Security Safeguards for Consumer-Driven Banking Framework
The Financial Consumer Agency of Canada (FCAC) has updated its regulatory guidance detailing technical security safeguards, participant accreditation standards, and consumer consent rules under Canada's Consumer-Driven Banking Framework. Designed to eliminate risky credential sharing and screen scraping, the framework establishes a legally binding code of conduct requiring participating banks and accredited fintechs...