Jacob Jegher

🇨🇦 Fintechs Canada has asked the government to commit further funding to the Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada for consumer-driven banking, in the next federal budget. The not-for-profit has also called for the government to support delivery of Canada's Real-Time Rail on a "timely basis" ⏰ Read the full story below 👇 Alex Vronces #openbanking #openfinance #payments #realtimepayments #paymentsystem #Canada #fintechs #financialdata https://lnkd.in/edKmD7sz

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I was in Ottawa yesterday for the release of the federal budget. Good to see progress on #openbanking, with the Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada to oversee it and drive next steps. We need to move quickly together to meet the government's commitment to launch in 2025. Also good that the budget stressed the importance of giving renters the power to build credit by having rental payments included in credit scores and lending decisions. This gives momentum to solutions like Borrowell Rent Advantage--and the importance of moving quickly on open banking. Let's be clear that Canada is very far behind other rich countries in giving consumers ownership of their financial data. Fixing this will make life more affordable and create more choice and competition in our financial sector. Let's go! 🚀

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Open banking gets a lot of airtime, but the average Canadian business owner has no reason to be concerned. Fintech expert and writer Tal Schwartz explains why it might sound scarier than it is, and what it means for the finance sector in Canada.   Watch the full episode: https://lnkd.in/edUCC3mS Visit https://lnkd.in/emJmsK56 to find out more about how our platform gives businesses more control over how they make and receive payments.

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The Canadian Bankers Association has developed a strategic plan to provide Canadians with a more prosperous, safer future. It addresses key economic challenges and opportunities in Canada. As Canada emerges from the current economic and socially challenging post-pandemic time, we can meet and overcome these challenges with smart policies that create jobs, spur growth, unlock credit, protect consumers, build homes and reduce crime. The Blueprint for Canadian Prosperity and a Thriving Economy is essential for building a resilient and prosperous nation, ensuring the financial well-being of all Canadians. Have you had a chance to read our recommendations yet? If not, please take a moment and share your thoughts on how we continue to build a stronger economy for Canadians together.

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Today, FDATA North America, representing over 30 fintech companies, submitted our response to the Canadian Department of Finance's consultation on Budget 2024 measures. We highlighted key priorities to advance open finance and foster innovation across Canada, including: ✅ Ensuring all small and medium-sized enterprises (SMEs) are included in Canada’s open finance framework. ✅ Advocating for a tiered accreditation system to support smaller market entrants while maintaining data security. ✅ Focusing the Financial Consumer Agency of Canada (FCAC) on a clear and manageable mandate within open finance. ✅ Ensuring liability for data breaches is assigned to the responsible entity to protect consumers and SMEs. 🔗 Read the full comment submission here: https://lnkd.in/eUtGedeX Read our release here: https://lnkd.in/dSwyY9nu #OpenFinance #Fintech #FinancialInnovation #Budget2024 #FDATANA #SMEs #DataSecurity #Canada

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Federal Government Continues Crawl Toward Open Banking Framework: Federal politicians have been speaking on the record about open banking since 2018. Since then, we’ve endured a global pandemic, among other major events. What hasn’t happened in that timeframe, however, is meaningful progress toward open banking in Canada. After years of languishing—even as economic rivals around the world march forward—Canada is finally taking the […] The post Federal Government Continues Crawl Toward Open Banking Framework appeared first on Fintech.ca. --- Federal Government Continues Crawl Toward Open Banking Framework was first posted on April 30, 2024 at 11:21 am. ©2022 "Fintech.ca". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at [email protected] #News #Flinks

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Get our top stories in your inbox each week for free! Subscribe to our newsletters—Weekly, Invest and MoneyFit—and let MoneySense help you make smarter financial decisions for saving, spending, investing and more. Plus, you’ll receive our occasional Special Edition newsletters, which focus on timely personal finance news, and special offers from our trusted partners, vetted by our editorial team. #itpaystoknow

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Navigating the lists of banks in Canada can be pretty overwhelming. With many options available, from central banks to regional institutions and online-only banks, choosing the right one for your financial needs is difficult. Each bank offers a range of services, features, and benefits that can make this decision even more confusing. This guide provides a comprehensive overview of the lists of banks in Canada to help simplify your choice. We'll explore central, regional, and digital banks' critical services, unique features, and benefits. By breaking down this information, you'll be better equipped to select the best bank to meet your financial goals and preferences. Read more; https://lnkd.in/dkGpZciB Contact us: [email protected] WhatsApp: 0328 0999967 Follow us on Facebook: http://surl.li/mlstg Follow us Insta: http://surl.li/mlsuj Follow us on Twitter: http://surl.li/mlswn Follow us on LinkedIn: http://surl.li/mlswy Visit us on Web: https://lnkd.in/dU6FTx_b #clickmepakistan #canada #services #features #Benefits #banks

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New BDC study : 4 key trends shaping the future of Canada’s businesses The past five years have been marked by several crises and hardships that have led to many changes for entrepreneurs. Most companies have taken concrete steps to adapt. For example, 52% invested in new websites, 40% developed new online payment methods and 35% incorporated more efficient working methods. However, economic changes are likely to continue. The study highlights four emerging trends for the coming years. The good news is that you can take actions to adapt to these trends. For each of them, the study offers strategies to help you prepare to face change. It's available here : https://lnkd.in/g_TuPDPP #BDCsbw

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Did you know that FinDev Canada, Canada’s bilateral Development Finance Institution (DFI), has been a pivotal member of the Joint Impact Model (JIM) family, championing sustainable and inclusive growth in emerging markets and developing economies since our inception? 🌍 Established in 2018, FinDev Canada emerged from Canada's commitment to complement its international assistance tools. By stimulating inclusive and sustainable economic growth, they play a pivotal role in empowering local communities and driving positive change. With a mandate aligned with the Sustainable Development Goals (SDGs) and Paris Agreement commitments, FinDev Canada plays a crucial role in fostering economic development and driving positive change. Dive into FinDev Canada's latest Impact Report, where JIM's invaluable contribution to their sustainable investment initiatives shines through. From their commitment to implementing TCFD recommendations to reporting on progress. https://lnkd.in/egM3pkhv Curious to learn more about how JIM membership can facilitate your impact reporting and financed impact measurement? Visit https://lnkd.in/emhb_HDA for a free demo and join us in making a difference! Sumaiya Sajjad #FinDevCanada #JIM #ImpactInvesting #SustainableDevelopment #ImpactMeasurement #JIMMembers

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🤔💭 Wondering about the status of open banking in Canada post #Budget2024 and the draft consumer-directed banking legislation in Bill C-69? Our recent 𝘍𝘚𝘹T 𝘊𝘰𝘯𝘯𝘦𝘤𝘵: 𝘙𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘗𝘶𝘭𝘴𝘦 event offered exclusive insights from Finance Canada / Finances Canada that helped to fill in the blanks. Key takeaways include: ➡ A second Budget Implementation Act in the fall of 2024 will address the remaining elements of the consumer-driven banking framework and will act as an amendment to the draft legislation in Bill C-69 ➡ These remaining elements (which include provisions addressing liability and accreditation) will be the subject of consultations with stakeholders ➡ In further developing the framework, Finance Canada will work with OSFI to consider the existing obligations of banks under Guideline B-10 ➡ The government aims to finalize the legislation by the end of 2024 and regulations soon afterwards ➡ The plan is still for implementation in 2025 with a phased-in approach, though the timing of implementation may be impacted by a potential federal election Stay tuned for more 👀 #OpenBanking #consumerdirectedbanking Gowling WLG | Parna Sabet-Stephenson | Alana Scotchmer | Angelica Wilamowicz | Natalia Castro

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Quebec City was magical 🪄 and such a great location for the Credit Union Technology Forum! We connected with so many incredible people, leadership teams, and strategic partners in the system We felt honoured to be able to be part of the conference kickoff running a workshop......"The Future of Collaborative Succession Planning". Thank you League Data, Darren Johnson, and Linda House for hosting the workshops! The audience engagement was fantastic and made everyone realize how important the future of succession planning is! Some of the key elements we jumped into where: 1️⃣ Why succession planning is essential to leadership continuity 2️⃣ Succession planning is a proactive process not a reactive one 3️⃣ Succession planning is a as much a culture project versus just strategy....."Culture eats strategy for breakfast" 4️⃣ Professional sports and succession planning have more in common then you think 5️⃣ Succession planning becomes a competitive advantage for companies! 6️⃣ On average Succession planning takes 24-36 months so don't delay Some questions we challenged the audience with were.... ❓ How clear is your leaderships next role? ❓ Do they have a clear plan for their future role? ❓ Have you done through a risk analysis plan to identify critical roles in your organizations and skill silos There was a ton of hands up with great questions! If you are looking for more information on how succession planning can evolve your leadership continuity let's connect and see where we can support!

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I cannot wait to see the folks at EQ Bank | Equitable Bank and the rest of the #OpenBanking ecosystem at Open Banking Expo 🇨🇦 on June 11 at the MTCC in Toronto. #OpenBanking not only opens the doors for a pantheon of financial services but also can help us reach #climate and #sustainability goals. Hoping to hear a lot more about this there! Join me to hear from high-profile industry thought leaders, regulators and practitioners on red-hot topics across three stages. #OpenBanking #OpenFinance #Payments #OBExpo

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Hold onto your hats, Canada! 🇨🇦 Canada's banking sector is on the brink of of huge acceleration following the federal government's announcement of new legislation for open banking. On Wednesday, Finance Minister Chrystia Freeland released a new regulatory framework after months of pressure from the finance industry and opposition parties. But what is open banking, how does it work? Find out 👇 https://lnkd.in/ecT5uAsu #FinanceNews #Atto #Canada #OpenBanking

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🌍 Recap: ESG Roundtable with Canada's Major Banks 🌍 Last week, RMA Toronto hosted an enlightening ESG roundtable featuring representatives from all five major Canadian banks. We delved into critical discussions on the challenges and strategies related to the OSFI B-15 guideline, which is pivotal for enhancing the resilience of banks to environmental risks. Key Discussion Points: OSFI B-15 Compliance: We explored the significant gaps and approaches to achieving compliance with these new standards, emphasizing the importance of robust governance and risk assessment frameworks. Climate Scenario Analysis: The conversation spanned building capabilities for both transition and physical risk scenarios. We debated the merits of in-house versus vendor models and discussed the scope of B-15 scenarios for 2024, including specific sectors and jurisdictions. Building Expertise: There is an increased focus on developing capability and expertise to address the skill deficit in overseeing ESG risks and opportunities. This is crucial for effectively embedding ESG in business and strategic decision-making. Beyond Compliance: Participants shared insights on utilizing scenario outputs for strategic decision-making beyond mere regulatory compliance, enhancing overall business resilience and sustainability. This roundtable underscored the critical need for ongoing dialogue and collaboration among financial institutions to tackle ESG challenges effectively. 🔗 Get Involved: RMA Toronto is keen on expanding our community through volunteering and collaborative efforts.Reach out to us to on Linkedin today!🔗 Representation from: Scotiabank ; Amar Vyas, Greg C. BMO ; Hugo Leal-Neri, Michael Leventis CIBC ; Arben Papajorgji, Linda Scala EQ Bank | Equitable Bank ; Jo-Anne Clunie, Rob Miller RBC ; Gopala (Gops) Narayanan, Keith Robertson TD ; Graham Davies, Elana Sarson RMA Toronto ; Marlene Lenarduzzi , Sandeep Dani and Stella Cabrera #ESG #RiskManagement #Banking #Compliance #Sustainability #RMA #banking

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