Mastercard Returns as Headline Partner of Open Banking Expo Canada 2024

This is the second consecutive year of Mastercard’s lead partnership at Canada’s flagship event Open Banking Expo.

Robot from Mastercard looking at digital coins.
Created by Kornelija Poderskytė from DailyCoin

Mastercard is confirmed as headline partner for the 2024 Open Banking Expo Canada, scheduled for June 11 in Toronto. This is the second consecutive year of Mastercard’s lead partnership at Canada’s flagship event Open Banking Expo.

This year’s Open Banking Expo Canada anticipates welcoming more than 600 executives from Open Banking, Open Finance and Open Payments domains to the Metro Toronto Convention Centre to discuss how to plan for and execute consumer-driven finance by 2025.

Darrell MacMullin, Senior Vice President, Products and Solutions of Mastercard Canada, said: “Consumer-driven finance, or the Open Banking framework, will mark a pivotal moment in the modernization of Canada’s financial ecosystem, revolutionizing how businesses and consumers approach data security and financial management. As a global technology company, Mastercard facilitates critical connections—linking consumers with retailers, lenders with borrowers, and governments with citizens, underlining the importance of trust and secure transactions.”

In a keynote address at Open Banking Expo Canada 2023, MacMullin described the innovations Open Banking will bring for consumers and small businesses in Canada, and the critical need for trust and security to be at the forefront.

Sponsored

In November 2023, Deputy Prime Minister and Finance Minister Chrystia Freeland committed to delivering Open Banking – referred to as consumer-driven finance – in her Fall Economic Statement. By 2025, the Department of Finance aims to adopt legislation and implementation of a governance framework.

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

“With the Canadian government having promised to develop and implement a legislative framework for consumer-driven banking by 2025, the Expo is the perfect opportunity to align on strategies, refocus efforts, and share best practices.”

Speakers representing banks, credit unions, fintechs, solutions providers and industry bodies have already been confirmed, including Andrew Moor, president and chief executive officer of EQ Bank, Gonzalo Escribano Tamayo, head of public policy for Open Banking at BBVA, and Michelle Winsor, chief executive officer of Accelera.

Sponsored

Brigit Carroll, policy lead, North America at Wise, Jamie Kruspel, Mainstreet Credit Union’s chief transformation officer and Nezihe Aquino, senior vice president, enterprise risk and chief risk officer at Vancity have also been confirmed as speakers.

Find out more about Open Banking Expo Canada and register to attend here.

This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tags
Author
Press Release

Read the most recent crypto press releases on DailyCoin to know all the latest project news from fintech and blockchain businesses. Disclaimer: This article is a press release and was not written by DailyCoin. We always aim to have the highest editorial and fact-checking standards, so if you encounter any content related issues, please contact us at pr@dailycoin.com.