Contact: Laine Williams, (202) 897-4757, lwilliams@allonadvocacy.com
Washington, DC, March 18, 2025 – The Financial Data and Technology Association of North America (FDATA), a trade association representing more than three dozen financial technology and open finance companies in the United States and Canada, today congratulated François-Philippe Champagne on his appointment as Minister of Finance of Canada.
Steve Boms, Executive Director of FDATA, released the following statement:
“We congratulate Minister Champagne on his appointment as Minister of Finance. Given his commitment to innovation and his unique experience in delivering more innovation to Canada, we look forward to engaging with him on the critical issue of open finance. Canada has an opportunity to modernize its financial services ecosystem and empower consumers and small businesses with greater control over their financial data. With open banking already implemented or underway in nearly every other G-20 nation, we hope that Minister Champagne will prioritize this long-overdue reform to enhance competition, innovation, and financial inclusion in Canada.
We stand ready to work with Minister Champagne and his team to ensure that Canada moves forward with an open finance framework that benefits consumers, businesses, and the broader economy during this economically uncertain period.”
