Open Banking in Canada: From Possibility to Progress

Survey Insights 2025 – Unlocking Canada’s Digital Financial Future

Canada’s Open Banking journey has reached a turning point. With the passage of the Consumer-Driven Banking Act in 2024, the foundation has been set for a more inclusive, secure, and innovative financial ecosystem. But the road ahead is complex with gaps in readiness, regulation, and technology remain.

Symcor, in partnership with Open Banking Expo Canada, surveyed 70 leaders across 55 organizations to uncover the real state of their readiness for Open Banking, the drivers of adoption, and the barriers slowing progress. The results are clear: Open Banking is no longer just about compliance—it’s a strategic growth lever.

Download this report to discover:

• What’s really driving organizations to pursue Open Banking—and it’s not what you might expect
• The top barriers standing in the way of full adoption
• How prepared (or unprepared) the industry feels to meet evolving Open Banking regulations
• The technology capabilities seen as essential for success
• Five strategic signals that will shape Canada’s Open Banking future
  

Get the full report to explore five strategic signals shaping Canada’s Open Banking future—and discover how your organization can move from experimentation to execution.