by Rhoda Wilson, Expose News:
A long-promised revolution in banking is headed to Canada, but you might not notice when it arrives, was the sinister headline to a recent The Canadian Press article.
The change that is in the works is something called “open banking” and the Canadian federal government has promised framework legislation in next month’s budget to bring the system to Canada.
Under open banking, banks allow access and control of customers’ personal and financial data to third-party service providers.