Briefing

Ottawa’s open banking panel calls for ‘framework to enable consumer-directed finance’

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The four-member advisory committee recommended users have control of their financial-transaction data; that the government consider privacy, security and innovation when setting rules; and that it establish an accountability mechanism for breaches. Finance Minister Bill Morneau announced that the group will now study data security in financial services, and report its findings “later this year.” (The Logic)

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