Open Banking Movers & Shakers - Q4 2020

In the summer we released our first quarterly 'Open Banking Movers and Shakers'. We're pleased to share an updated list with several new additions. Welcome Wealthsimple, Borrowell, Financial Data Exchange, Payments Canada and Marble! All the organizations below have helped make 2020 the biggest year yet for open banking (AKA open finance or consumer-directed finance). Current projected open banking growth through 2026 is over 24%, reaching $43.1 billion in value.

We've listed everyone below that's included in the graphic above for your browsing convenience. Want to be included in next year's 'Open Banking Movers & Shakers' list? Send us an email at: press@vopay.com

Data Networks

•  Envestnet Yodlee

• Flinks 

• Fiserv

• Plaid

• MX

• Inverite

• Direct ID

• M Science

KYC/AML

• Equifax

• Experian

• Transunion

• Trulioo

Lending

• Quicken Loans

• Kabbage

• Marble

Spending / Savings

• Mogo

• EQ Bank

• Petal

• Borrowell (NEW ADDITION)

Payment-As-A-Service

• Interac^®

• VoPay

• Trustly

Investing

• Betterment

• Morningstar

• Wealthica 

• Quest Trade

• Wealthsimple (NEW ADDITION)

Accounting

• Xero

• Intuit

Policy / Data Standards

• FDATA North America

• Fintech Growth Syndicate

• Canadian Lenders Association

• Financial Data Exchange (NEW ADDITION)

• Payments Canada (NEW ADDITION)