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Mastercard announced as headline partner of Open Banking Expo Canada 2023

Mastercard will foster game-changing conversations at Open Banking Expo Canada, which takes place in Toronto on 15 June 2023.

This marks the first year that Mastercard is headline partner of Open Banking Expo’s flagship Canadian event.

This year’s Canada Expo will bring together more than 500 open banking, open finance and open payments executives from the financial services and fintech ecosystem at the Metro Toronto Convention Centre.

Darrell MacMullin, senior vice president, products and platforms of Mastercard Canada, said: “The announcement of Canada’s new open banking framework is the first step in the evolution of Canada’s financial system, which will transform the way Canadian businesses and consumers securely manage their data and finances. As a global company, we understand how to leverage the power of our network to deliver open banking solutions and look forward to sharing our expertise and engaging in conversations about the future of open banking in Canada at this year’s Open Banking Expo.”

Mastercard, which has global expertise in consumer protections, data privacy, global fraud identification, and secure connectivity and is managing open banking solutions in a number of markets, will bring a holistic approach to the open banking discussion, helping to solve fintechs’ and banks’ need for great digital enablement with secured commercial scale.

Attendees and speakers will gather to debate how a “made-in-Canada” open banking roadmap is taking shape and answer the questions that remain, following a slower-than-desired start to implementation.

“We are thrilled to welcome Mastercard onboard as headline partner of Open Banking Expo Canada,” said Adam Cox, co-founder of Open Banking Expo.

“With September’s announcement from Finance Canada fast approaching, the time is now for Canada’s open banking and open finance ecosystem to deliver change, choice and value for Canadian consumers and businesses.”

Cox added: “The team and I are hugely proud and excited to be playing a part in building Canada’s financial ecosystem of tomorrow, today.”

The first tranche of speakers from banks, credit unions, fintechs, solutions providers, and industry bodies has already been announced, including Finance Canada’s open banking lead, Abraham Tachjian, who will deliver an update ahead of September’s open banking roadmap announcement.

Among those who have also been confirmed as speakers are Geetika Tiwari, business director, enterprise payments transformation at CIBC; Jamie Kruspel, Mainstreet’s chief transformation officer; Mauricio Deutsch, banking and capital markets leader at GFT; and chief executive officer of Women Corporate Directors Foundation, Jennifer Reynolds.

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