Open Banking for Canadian Small business

Open banking consent assumes the owner does the bookkeeping. Most owners don’t. OpenSME’s submission to Finance Canada on the proposed Consumer-Driven Banking Regulations Published September 4, 2026   Summary of what we filed OpenSME has made a written submission to the Financial Sector Policy Branch at the Department of Finance Canada on the proposed Consumer-Driven Banking Regulations, published in the Canada Gazette, Part I, Vol. 160, No. 26 on June 27, 2026. The submission was

Why We Launched OpenSME Before Open Banking Had a Timeline When we launched OpenSME in August 2025, there was no confirmed timeline for open banking in Canada and most policy discussions were still focused on consumers and fintech innovation. Very little attention was being paid to the reality of small and medium sized enterprises that make up half of Canada’s economy. We could not ignore that gap. Our clients depend on faster payments, real time

  FOR IMMEDIATE RELEASE August 25, 2025 CFIB, CGLCC, and Open Finance Network of Canada Voice Support for SME Inclusion in Open Banking OTTAWA, ON — OpenSME, the national volunteer-led campaign advocating for Canada’s small and medium-sized businesses (SMEs) to be included in the first phase of open banking, has gained new momentum with public statements of support from the Canadian Federation of Independent Business (CFIB), the Canada’s 2SLGBTQI+ Chamber of Commerce (CGLCC), and the

FOR IMMEDIATE RELEASE Date: August 18, 2025 OpenSME Campaign Gains National Momentum in Push for Inclusive Open Banking OTTAWA, ON – The grassroots campaign OpenSME.ca, launched to ensure Canada’s open banking rollout includes business accounts from the start, has gained significant momentum since its debut earlier this month. Founded by Eric Saumure, co-founder of Ottawa-based accounting firm Zenbooks, the campaign calls for three key actions: Include business accounts in the initial phase of Canada’s open

FOR IMMEDIATE RELEASE August 11, 2025 Ottawa, Canada – Today marks the launch of OpenSME, a national advocacy campaign dedicated to ensuring small and medium-sized enterprises (SMEs) are included in Canada’s forthcoming open banking framework.   Founded by Eric Saumure, CPA, CA and Principal at Zenbooks, OpenSME aims to give Canadian entrepreneurs the same advantages already enjoyed by small businesses in other G7 countries: Faster payments Lower fees Fairer access to credit While the federal