Company Information

Get to know Open Banking Initiative Canada

Established in 2017, the Open Banking Initiative Canada (OBIC) is a not-for-profit organization with the mission to advance the development of open banking in Canada. It serves as a neutral convener for a wide range of stakeholders, including banks, credit unions, fintech companies, and other financial services participants. OBIC's primary objective is to facilitate collaboration and dialogue to realize the benefits of open banking, such as increased competition, innovation, and consumer choice, while ensuring the development of a secure, stable, and consumer-friendly ecosystem.

Industry

Financial Other ServicePRIMARY
Financial Banking

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Open Banking Initiative Canada

Canada

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.