Why Open Banking is important (TransUnion, Video)

EQ bank migrates core system to the cloud as it gears up for Open Banking in Canada (Isabelle Kirkwood, betakit.com)

Toronto-based EQ Bank, the digital arm of Equitable Bank, has announced it is migrating its entire core banking system to the cloud. The bank claims this would make it the first licenced bank in Canada to be fully hosted in a public cloud architecture.“Our recent move to the cloud means we’re not only ready for the […]

What new business models does Open Banking enable? (Infographic, E&Y.com)

Customers’ expectations, needs and behaviors; competition; new entrants; technology disruptions; and regulations are creating opportunities for Canadian financial institutions to innovate and transform their business models. https://www.ey.com/Publication/vwLUAssets/ey-open-banking-infographic/$FILE/ey-open-banking-infographic.pdf

Open Banking, CeBIH’s role and Nigeria’s e-payment growth

Open Banking is an initiative that is aimed at addressing the challenge confronting many bank customers, especially those with multiple bank accounts. For these customers, they would have to visit the branches of each bank, or use their different mobile apps before they can access or use their money in any of the different bank […]