Wednesday, 16 October 2019 - 4pm BST | 11am EDT

Open Banking Canada

Impact & Opportunities for Canadian Banks

In partnership with

Why attend

Open banking is poised to transform the landscape of the financial services industry. It will change how consumers engage with their banks and financial services providers, introduce new channels, and promote innovation and competition in financial products and services.

In Canada, the Standing Senate Committee on Banking, Trade and Commerce is calling for decisive action from the federal government to move forward with an open banking framework. This is a strategic opportunity for both new and established institutions — and a potential source of risk that needs to be carefully managed and mitigated. Maintaining a trusted open banking ecosystem requires new business and operating models, rapid innovation cycles, flexible technology integration, enhanced security and an updated privacy and liability regime.

The key take-aways

The regulatory landscape in Canada and how open banking is likely to progress

Critical success factors for Canadian banks to succeed in open banking

Payments transformation as a necessity for open banking

New customer propositions powered by open banking

The webinar panel

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Michael Legare, Head of Digital Strategy, Performance and Transformation | BANQUE NATIONALE DU CANADA

I am an award winning digital specialist with over 15 years of experience covering all aspects of the digital landscape. I draw on a unique balance of business, technical, and creative expertise to help established brands and businesses adapt to an ever-increasing digital world. My greatest strength is building and nurturing teams that deliver exceptional results.

Kevin Morris, Manager, Data Analytics | CANADIAN CREDIT UNION ASSOCIATION

Kevin Morris (M.Sc.) is the Manager, Data Analytics, and policy lead on Open Banking and Digital ID for the Canadian Credit Union Association (CCUA) in Ottawa, Canada. He is the Chair of the Outreach Expert Committee for the Digital Identity and Authentication Council of Canada (DIACC). He also sits on the board of the Canadian Association for Studies in Cooperation (CASC).

Mandeep Dhother, Director, Mobile & Open Banking | BMO

Mandeep is a senior digital leader with a proven track record of transforming organizations, leading the digital journey, and bridging the gap of technology and business alignment in pursuit of customer-centric solutions. For over a decade he has been leading teams to create digital products that delight clients and engage customers with compelling experiences. He is passionate about technology and the application of it to better society by challenging the status quo and advancing the digital world that is being shaped around us. Outside of banking he has worked on solutions to support the development of Smart Cities, furthered the adoption of electric and autonomous transportation, and shaped new business models within the engineering industry. His previous projects include the use of AI, machine learning, augmented reality and voice assistants in constant pursuit of creating great experiences for users. Undergraduate and postgraduate expertise in technology, business, and management coupled with strong leadership experience make him a champion for change and a proponent of disruptive innovation.

Cormac Leddy, Technology Consultant | EY CANADA

Cormac is a leader in EY Canada’s national Open Banking Advisory practice, including strategy, transformation, and operations. His work has helped shape EY Canada’s position on Open Banking in context of the Canadian market.

He has 7 years of consulting experience in Financial Services, working primarily with financial services firms as they explore and execute large transformations in banking operations. His experience spans various functional areas including risk, technology and data, as well as various business lines including retail banking, capital markets, wealth & asset management, and insurance.

Cormac earned a Bachelor of Engineering and a Bachelor of Arts at the University of Dublin, Trinity College in Dublin, Ireland.

Wesley Abourizk, Leader of Digital Risk & Lending | EY CANADA

Wesley is a banking and risk professional with more than 13 years of experience in risk management and end to product lifecycle management. He has a fundamental understanding of bank products’ dynamics and strategies. Wesley has successfully led digital build and transformation initiates including features development, implementation and managing to scale. His experience includes various lending roles in a global bank as well as being part of the executive team responsible for successfully building and launching a digital bank.

Wesley is passionate (perhaps slightly obsessed) with building enabling services and risk management capabilities that seamlessly serve the day to day banking needs of clients on a trusted and personalised level.

In his current role as part of EY’s Canadian Advisory Services Practise he brings his unique experience of having seen the old and the new to assist clients with innovation and digitization of their lending businesses with specific focus on product and risk capabilities.

This webinar is in partnership with

EY

Maintaining a trusted open banking ecosystem requires a clear customer-centric business strategy, new business and operating models, rapid innovation cycles, flexible technology integration, enhanced security and an updated privacy and liability regime. We see open banking as a strategic opportunity for both new and established institutions — and also as a strategic risk. As open banking continues to develop in Canada, it will be driven by customer expectations and enabled by new technology.

EY provided policy-making recommendations to the original Open Banking Working Group in the UK, and we continue to support the Open Banking Implementation Entity in production of the open API standards. We have extensive experience supporting a breadth of organizations, from FinTechs to large multinational institutions, across financial services and other sectors. We're also working with a number of Canadian financial institutions on their open banking strategy and capabilities development to help them prepare for what's next and capitalize on this market opportunity.

EY's Canadian Open Banking practice is part of our global open banking innovation center to co-create and prototype and test offerings. We also have a comprehensive suite of global services, delivered through local teams, to help businesses with their customer-centric strategy, compliance, operations, technology, security and end-to-end delivery management.

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