Industry committee  Thank you for the question. Indeed, data portability in the financial services context bestows upon a consumer or an SME the ability to choose the tool, product or service that is best suited for them. There is not nearly as much competition in the financial services sector in Canada as there exists in multiple other jurisdictions.

Industry committee  Thank you very much, Chair, and good afternoon. I am the executive director of the Financial Data and Technology Association of North America, or FDATA. We're the leading trade association advocating for consumer-permissioned access to financial data in both Canada and the United States.