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Sunday, December 22, 2024
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Canada’s banking sector must innovate or risk falling behind, say prestigious Donner Prize-winning authors

'When you look at the core business, it’s still running pretty much the way it was run 40 years ago,' says Patricia Meredith, one of the two authors who won the $50,000 prize for best public policy book announced last week.

Deborah Donner, left, governor of the Donner Canadian Foundation, with winners James Darroch and Patricia Meredith, and foundation chair Ken Whyte on stage after the 2017-18 Donner Prize was announced on May 15 in Toronto. Photograph courtesy of Will Pemulis
feature
BY SHRUTI SHEKAR
May 21, 2018
feature | BY SHRUTI SHEKAR | May 21, 2018

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Tourism Minister and Associate Minister of Finance Randy Boissonnault said that 'Canadians deserve a secure open banking system that is regulated, efficient, and protects their personal information,' in a March 22, 2022, press release. The Hill TImes photograph by Andrew Meade

Innovation sector could fall behind without Liberal follow-through on open banking, say advocates

NewsBY JESSE CNOCKAERT
  • Canadians are still waiting for an open banking system, which the Liberal government pledged would happen in early 2023.

Innovation sector could fall behind without Liberal follow-through on open banking, say advocates

NewsBY JESSE CNOCKAERT
  • Canadians are still waiting for an open banking system, which the Liberal government pledged would happen in early 2023.
Finance Minister Chrystia Freeland, left, tapped Abraham Tachjian as Canada’s Open Banking Lead in April 2022. Tachjian quickly convened working groups that provided input and feedback. But almost a year later, the government is no further ahead, leaving stakeholders puzzled and frustrated, says Steve Boms. The Hill Times photograph by Andrew Meade

Canada is ready for open finance and it’s time the government deliver

OpinionBY STEVE BOMS
  • If the government is serious about supporting consumers’ financial wellbeing and encouraging competition, it's time to prioritize the open finance file to give all Canadians the modern financial system we deserve.

Canada is ready for open finance and it’s time the government deliver

OpinionBY STEVE BOMS
  • If the government is serious about supporting consumers’ financial wellbeing and encouraging competition, it's time to prioritize the open finance file to give all Canadians the modern financial system we deserve.
Image courtesy of Allen Lane Canada

To learn about the future of inflation, look to lessons from the past

FeatureBY STEPHEN POLOZ
  • The Next Age of Uncertainty is one of the finalists for this year's Donner Prize, one of the best public policy books written in 2022. The following is an excerpt.

To learn about the future of inflation, look to lessons from the past

FeatureBY STEPHEN POLOZ
  • The Next Age of Uncertainty is one of the finalists for this year's Donner Prize, one of the best public policy books written in 2022. The following is an excerpt.
Finance Minister Chrystia Freeland arrives for the House Finance Committee meeting on Nov. 28. Open banking in Canada is no longer speculative. It is coming, and the key players can shape its success, writes Geoff Rush. The Hill Times photograph by Andrew Meade

Open banking can redefine how Canada, financial institutions, and fintechs work together

OpinionBY GEOFF RUSH
  • Innovation begets innovation, and a secure, trustworthy system will prompt established and new entrants to offer leading-edge products and experiences.

Open banking can redefine how Canada, financial institutions, and fintechs work together

OpinionBY GEOFF RUSH
  • Innovation begets innovation, and a secure, trustworthy system will prompt established and new entrants to offer leading-edge products and experiences.
The dental care benefit is a perfect example of how government should be looking to innovative, customer-centric solutions to public service delivery, writes Jennifer Tramontana. Photograph courtesy of Pexels

Prepaid payments boost rollout of Canada’s new dental care benefit

OpinionBY JENNIFER TRAMONTANA

Prepaid payments boost rollout of Canada’s new dental care benefit

OpinionBY JENNIFER TRAMONTANA

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