Company Information

Get to know Open Finance Network Canada

The Open Finance Network Canada (OFNC) is a non-profit industry organization, operating as a program of the Financial Data and Technology Association of Canada (FDATA). Its mission is to develop and maintain the technical specifications and operational framework required to implement a safe, secure, and consumer-centric open finance system in Canada. The OFNC collaborates with a wide range of stakeholders, including banks, credit unions, fintech companies, and government bodies, to create an interoperable standard for financial data sharing that promotes innovation and competition while prioritizing consumer consent and security.

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Technology Software DevelopmentPRIMARY
Financial Other Service

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Open Finance Network Canada

Canada

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

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.