Open Banking Initiative Canada (OBIC) exists to lead the way in the development of a market-driven open banking framework in Canada. We’re gathering great minds in finance, technology and regulation, creating a groundswell that will be a force for good, giving Canadian consumers choice and control over their financial data. Our open banking ecosystem is set to launch in 2020. This ecosystem will evaluate technology and standards that best suit our economy and will foster a trust framework between fintechs, banks and regulatory bodies in support of the Canadian consumer.


To be a single voice for the financial services industry that represents the viewpoints of the key participants – consumers, fintech, banks and industry experts.



To launch a proof of concept in 2020 that will be designed to demonstrate a fundamental change in the financial services landscape of Canada.


Our Board of Directors reflects a deep bench of industry expertise. Bound by shared beliefs about the value of open banking for the Canadian consumer and informed by their unique experiences, skills and networks, our Directors work together to develop an open banking framework with the potential to revolutionize the Canadian economy.

Patrick Barr

Financial Sector Policy Advisor, CCUA

Christian Clapton

Executive Director, OBIC

Matt McGuire

Co-Founder and Practice Leader, The AML Shop

Kevin Morris

Strategy and Programs Director, LCUC

Bhupinder Singh Saini

Managing Director, OBIC

Eyal Sivan

Head of Open Banking, AXWAY

Hanna Zaidi

Compliance, Wealth Simple