Mastercard Survey: Canadian Small business owners optimistic about the potential of open banking, majority want it tailored to their needs
Diverse small business owners rely on digital tools and technology now and are most enthusiastic about open banking's future potential.
- Diverse small business owners rely on digital tools and technology now and are most enthusiastic about open banking's future potential.
- These findings form the backdrop to the Government of Canada's upcoming open banking framework, which small business owners say should reflect their specific needs.
- Small business owners are generally favourable to the idea of open banking regulation, showing a preference for Government of Canada-approved platforms.
- As major users of digital financial tools and technology (86%), 80% of small business owners say Canada's open banking framework should take their unique needs into account.