Tag
Credit Unions
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Open Banking · Rebecca Harris
Canada's Open Banking Framework Is Here. Credit Unions, This One's for You.
Are credit unions mandated to participate in Canada’s consumer-driven banking framework?No. Under the proposed framework, participation is mandatory for designated large banks, but credit unions can choose to opt in. To participate, they must become accredited and comply with the framework’s technical, security and governance requirements.
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Partnerships · Paul Brandner
CGI and Caspian One Open Data partner to accelerate open banking readiness for credit unions.
CGI has entered into a strategic partnership with Caspian One Open Data to help Canadian credit unions prepare for open banking implementation.
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Open Banking · Rebecca Harris
From Data Portability to Platform Advantage: A Response to the Competition Bureau Canada’s Report
The Competition Bureau of Canada’s report on data portability positions switching and consumer savings as the primary outcomes, particularly in insurance. This article explores why that framing is only the beginning, and how, when treated as platform infrastructure, data portability can unlock ecosystem participation, operational efficiency, and new value creation across financial services and beyond.
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Embedded Finance · Rebecca Harris
From Pipelines to Platforms: Why Financial Services Must Rethink How They Create Value
For decades, banks and credit unions have operated as linear pipelines. But as behaviour shifts into platform ecosystems, value creation is moving from chains to networks.
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Paul Brandner
2026: The Year Credit Unions Choose Data Sovereignty & Agentic AI Over 2020-Era Legacy Tech.
As we look toward 2026, there is a palpable sense of anticipation within the Canadian Credit Union system. At Caspian One Open Data, we are entering the new year with a clear mission: ensuring that by joining our ecosystem, Canadian Credit Unions are no longer forced to use 2020 technology to solve 2026 problems.
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Paul Brandner
2025: The Year the Credit Union Open Data Movement Went Live
2025 was the year our vision for Open Data gained real-world velocity. We transitioned from conceptualizing ecosystems to operationalizing them, bridging the gap between global discourse in Frankfurt and the practical needs of credit unions in Canada. The future we’ve been discussing is no longer on the horizon; it’s live.
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Partnerships · Paul Brandner
Libro Partners with Caspian One Open Data and Interac to Deploy New Open Data Identity Verification, Positioning Libro for Future Innovations.
Libro Partners with Caspian One Open Data and Interac to Deploy New Open Data Identity Verification, Positioning Libro for Future Innovations.
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Paul Brandner
From Verification Woes to One-Tap Freedom.
The Credit Union understood that modern banking isn't confined to a branch or a desktop. By implementing Call Center Verify (CIBA), they didn't just upgrade their call center; they established a foundation for consistent, financial-grade security across their entire enterprise, empowering members like Sarah to bank with confidence.
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Embedded Finance · Rebecca Harris
From Cash, to Card, to Code: money follows people
Money itself is a story of convenience and people don’t stay loyal to ‘channels’, they think about getting things done, and throughout financial history that means showing up where life happens.
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Embedded Finance · Rebecca Harris
Emma's Seamless Freshman Start: The Zero-Friction Acquisition Strategy That Secured a Lifetime Customer.
The future of Credit Union member acquisition is invisible and effortless. By adopting Embedded Finance and leveraging Open Data to establish FDX-compliant partnerships, CUs can move from reactive selling to proactive, seamless service—a world where the next generation walks in with their coffee, not their paperwork.
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Paul Brandner
Your 4-Step Roadmap to Unlocking Accounting Data and Embedded Finance.
For credit union executives and strategic leaders in the credit union system, the natural next question is the most important one: How do we get there, leveraging open data, without multi-year, multi-million-dollar IT projects?
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Open Banking · Paul Brandner
Canada Accelerates to Full Consumer-Driven Banking. A response to the 2025 Canadian Budget.
Canada's financial services are set for a major transformation. Budget 2025 has laid out the most concrete details yet, committing to a complete and accelerated rollout of Consumer-Driven Banking (CDB)—a term for Canada's Open Banking.
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Paul Brandner
Grow your loan book and your member demographic.
NestEgg is the number one provider of loan decisioning in the UK credit union system, a market that has already successfully implemented Open Banking. They currently work with 50+ UK credit unions, powering over 750,000 loan applications by leveraging both open data and traditional credit data.
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Embedded Finance · Rebecca Harris
A Handshake and a Combine: Putting Embedded Finance at George Sr.’s Point of Need.
George Sr., a 61 year old local farmer, values the simplicity of a straightforward deal. However, to get the newest equipment the farm needs, he faces a process that historically meant frustrating delays and a second journey to the credit union after visiting the agriculture equipment dealership.
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Embedded Finance · Rebecca Harris
From Finding Flowers to Fixing Engines: How Jayne’s Husband George Jr. Becomes the Next Embedded Finance Champion.
George Jr. spends his days fixing engines, managing inventory, ordering parts, and leading a team of 6. He’s been a loyal credit union member for years. But running a business means paperwork, and George ends up buried in receipts, reconciliations, and outdated tools that slow him down.
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Event · Paul Brandner
Momentum 2025 - Three Days in Whistler.
Caspian One Open Data attended Central 1's Momentum 2025 in Whistler, B.C. this week. The three days focused on learning, connection, and conversations about the future of Canadian financial services.
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Embedded Finance · Paul Brandner
Jayne’s Valentine’s Day Lifeline: How Open Data Fuels Small Business Growth.
See how an FDX-compliant open data ecosystem anticipates member needs. Jayne, a small business owner, received a pre-approved credit line increase right inside her accounting software, turning a seasonal cash crunch into a major revenue opportunity—no branch visits required.
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Event · Paul Brandner
Managed Services for Financial Services SaaS Solutions: Key Takeaways from SIBOS 2025.
We were excited to have our CEO Lewis Poe take the stage this week at SIBOS 2025 in Frankfurt.
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Paul Brandner
From Connection to Conversion - A Framework for Revenue and Member Growth.
For years, credit unions have understood that leveraging data is key to growth. However, many have been hesitant to fully embrace open data, often due to concerns about security and complexity, as well as the cost involved in building a solution.
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Paul Brandner
Caspian One Open Data Launches Live FDX-Compliant Ecosystem – Unifying Canadian Credit Unions around their digital strategies.
Caspian One Open Data, a global leader in FinTech innovation, is proud to announce the successful go-live of a fully Financial Data Exchange (FDX) compliant, live open data solution for North America.
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Paul Brandner
Interac® IVS is now live for Prospera members via Caspian One Open Data partnership.
Prospera goes live with open data, rolling out the Interac® verification service as first use case.
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Partnerships · Paul Brandner
Caspian One Open Data and First West partner to roll out the Interac® verification service.
First West goes live with open data, rolling out the Interac® verification service as first use case.
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Partnerships · Paul Brandner
Big News for Canadian Credit Unions: Interac announces integration of IVS on Caspian’s open data platform.
Interac, Canadian Credit Unions and Caspian One Open Data Partner to Expand Secure Digital Verification for Canadians. What does this announcement mean for the Canadian Credit Union system?
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Paul Brandner
Top 10 Reasons Why Your Credit Union Needs to Embrace Open Data.
Innovation isn't just for the big banks anymore. For credit unions, getting on board with open data before it's mandated is your golden ticket to a stronger future. Here’s why your credit union should act today.
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Paul Brandner
Navigating the Next Generation of Digital Markets: The Power of the Ecosystem Manager.
If you’re unfamiliar with the term “ecosystem manager”, this is the post for you. What does it mean and why is it important for the future of digital services? We want to simplify this for our readers.
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Open Banking · Buffy Duke
What the CFPB's 1033 Rule Means for Your Financial Institution.
The CFPB announced that they have finalized its highly anticipated rule on personal financial data rights (1033). This landmark decision has significant implications for financial institutions of all sizes operating in the United States.
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Buffy Duke
Build vs. Outsource vs. Buy.
The open data landscape presents financial institutions with a critical choice: build, outsource or buy? This decision carries significant implications for speed to market, cost, and overall business strategy.
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Buffy Duke
Understanding Open Banking: Point-to-Point vs. Aggregators.
“What is point-to-point connection open banking?” While it may sound technical, it simply means a direct connection between a financial institution and a third-party provider (TPP), with no intermediary.
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Buffy Duke
You can't close the gap in a race if you're standing still.
Some Canadian credit unions want to wait on open banking until absolute regulatory clarity. Is this necessary?
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