Sven Spengemann at the Public Safety and National Security Committee

On February 27th, 2019. See this statement in context.

February 27th, 2019 / 5:05 p.m.

Liberal

Sven Spengemann Liberal Mississauga—Lakeshore, ON

Mr. Chair, thank you very much.

Thank you both for being with us.

Let me start with open banking. You mentioned a couple of jurisdictions where this has become popular. What's the driver behind it? What do you see as the current trajectory for open banking? What's the case for the economic or social benefit, as it must happen for some beneficial reason? What's the upside of this? Is there an alternative to the way it's currently structured that might be functional?

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