Contact: Laine Williams, (202) 897-4757, [email protected]
Washington, DC, April 29, 2025 – The Financial Data and Technology Association of North America (FDATA), a trade association representing more than 30 financial technology companies and consumer-permissioned data access platforms in Canada and the United States, today congratulated Mark Carney on his victory in the federal election and upcoming role as Canada’s next Prime Minister.
Steve Boms, Executive Director of FDATA North America, released the following statement:
“We congratulate Prime Minister-designate Carney on his election victory. As Canada prepares for a new chapter in federal leadership, we look forward to engaging with the incoming government on advancing open banking and open finance reforms.
Canada has a critical opportunity to modernize its financial services landscape—empowering consumers and small businesses with secure, transparent, and user-directed access to their financial data. With most G-20 nations already moving forward with open banking frameworks, we urge the new administration to make this long-overdue reform a top priority to enhance competition, financial inclusion, and innovation.
FDATA North America and its members stand ready to support the incoming Prime Minister and their team in building a modern, inclusive, and globally competitive financial ecosystem for all Canadians.”