Open Banking in Canada survey in association with EQ Bank

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* 1. Did the Advisory Committee’s recent report on Open Banking go far enough to move the conversation on from hype to prototype?

Yes

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* 2. Is the 2023 Open Banking implementation deadline realistic?

Yes

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* 3. Does Open Banking in Canada need to be mandated to ensure its success or can the market be driven by innovation alone?

Regulation is the only way

A market-driven approach can work

Both go hand in hand

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* 4. Who stands to be the biggest winners within the ecosystem if Open Banking is mandated?

Incumbent banks

Challenger banks

Credit Unions

Fintechs

SMB credit providers

Payment service providers

Other (please specify)

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* 5. What is the single biggest impact Open Banking will have in Canada?

Serving the financially vulnerable

Enhancing competition

Creating greater product choice

Giving consumers full control of their own data

Stimulating innovation

Creating fairer outcomes for businesses and consumers

Other (please specify)

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* 6. Can Canada’s payments network benefit from Open Banking implementation?

Yes

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* 7. What is the biggest challenge banks face to deliver on a future Open Banking roadmap?

Regulatory compliance

Technical & infrastructure challenges

Creating a viable business model

Security & privacy

Budget

Other (please specify)

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* 8. What commercial model should be undertaken to deliver an Open Banking roadmap?

Larger institutions only to support when delivering an initial roadmap

All players large and small (including banks, credit unions and fintechs) should ‘pay to play’ from the beginning

Other (please specify)

Question Title

* 9. Should Bill C-11 be considered in any Canadian approach to Open Banking delivery?

Yes, it’s critical to an Open Banking future

Yes, it should be a consideration

Open Banking in Canada survey in association with EQ Bank

Question Title

* 1. Did the Advisory Committee’s recent report on Open Banking go far enough to move the conversation on from hype to prototype?

Question Title

* 2. Is the 2023 Open Banking implementation deadline realistic?

Question Title

* 3. Does Open Banking in Canada need to be mandated to ensure its success or can the market be driven by innovation alone?

Question Title

* 4. Who stands to be the biggest winners within the ecosystem if Open Banking is mandated?

Question Title

* 5. What is the single biggest impact Open Banking will have in Canada?

Question Title

* 6. Can Canada’s payments network benefit from Open Banking implementation?

Question Title

* 7. What is the biggest challenge banks face to deliver on a future Open Banking roadmap?

Question Title

* 8. What commercial model should be undertaken to deliver an Open Banking roadmap?

Question Title

* 9. Should Bill C-11 be considered in any Canadian approach to Open Banking delivery?

Question Title

* 10. Please insert your email address if you would you like to be entered into a draw to win tickets to Open Banking Expo Canada on November 23-24.