Oracle says it is open banking ready to cater to Canadian banks

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Oracle says it is open banking ready to cater to Canadian banks
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By Nivedita Balu TORONTO (Reuters) - Oracle is ready to cater to Canadian banks for their open banking needs and provide tools as needed when the ...

By Nivedita Balu TORONTO - Oracle is ready to cater to Canadian banks for their open banking needs and provide tools as needed when the country make its available, a financial servicesMusicians, humour and stories galore help Bruce Guthro's Celebration of Life | SaltWireTORONTO - Oracle is ready to cater to Canadian banks for their open banking needs and provide tools as needed when the country make its available, a financial services executive with the cloud computing giant said.

"It just depends whether the policies that Canada decides to deploy will require banks to go down that path." Open banking allows consumers and small businesses to securely and efficiently transfer their financial data among financial institutions and third party service providers."From a technology perspective, this is about having banking application that are exposed through API and have a robust mechanism of monetization," Singh said.

Canadian banks are partnering with fintech firms as they look to address the banking needs of thousands of newcomers in the country and facilitate easy baking access.

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