Prepare
Prepare for regulatory data sharing.
Solutions
Open Data and Open Banking Solutions for Financial Institutions and Organizations
With Caspian One Open Data (C1OD) Open Banking is just the start and with Open Data we change how financial institutions and other organizations connect, compete and create value.
Live in Canada and built for evolving Open Data markets,C1OD helps organizations respond to regulatory changes such as open banking and consumer driven banking, while building the capabilities to securely access data, integrate services, develop new partnerships and create better customer experiences.
Open Banking Without Giving up Control
Open Banking shouldn't mean simply providing customer data while others capture the value.
C1OD enables financial institutions to participate directly in secure, customer-permissioned data sharing, with greater visibility into how data is shared, who it is shared with and how their organization participates. Through standards-aligned infrastructure, institutions can both provide and receive data, connect with trusted ecosystem partners and introduce new services and capabilities for their customers.
01
Traditional aggregator model
The financial institution provides data, while downstream relationships and opportunities remain largely outside its view.
Financial institution
Passive data provider
Customer-permissioned data is provided into an intermediary model.
Customer data
Data leaves the FI
Aggregator
Black-box intermediary
The intermediary sits between the financial institution and the services using its data.
Relationships obscured
Downstream relationships
Third parties
External participants
Services
Products and capabilities
Customer experiences
Value created downstream
Limited visibility and value flow back to the FI
The financial institution remains outside the downstream relationship, limiting its opportunity to participate in the value created.
02
C1OD Open Data model
Financial institutions participate directly in a trusted ecosystem, maintaining visibility while accessing data, services and new opportunities.
Financial institution
Active ecosystem participant
Provide and receive data, services and capabilities through trusted connections.
Trusted connection
Data and services
C1OD
Trusted infrastructure
Point-to-point connectivity supports direct participation between trusted ecosystem participants.
Visible & trusted
Connected relationships
Third parties
External participants
Services
Products and capabilities
Customer experiences
Value created downstream
Value, visibility and relationships flow both ways
The financial institution remains an active participant, creating opportunities to build relationships, access services and participate in the value generated across the ecosystem.
Move beyond passive data provision and realize the full value of participation.
Modernize
Replace credential sharing with secure APIs.
Participate
Operate as both provider and recipient.
Control
Maintain control of customer relationships.
Expand
Build beyond compliance.
Open Data:Going Beyond Open Banking
Participate
Choose how you want to participate in the ecosystem.
Provide data
Securely expose customer-permissioned data through standards-aligned APIs.
Receive data
Receive customer-permissioned data to power new services, insights and experiences.
Provide services
Make services and capabilities available to other trusted ecosystem participants.
Receive services
Access capabilities from trusted partners to extend your customer offering.
Consent
management
management
Point-to-point
connectivity
connectivity
Identity &
authentication
authentication
Standards &
interoperability
interoperability
Security &
governance
governance
Ecosystem
management
management
Trusted Open Data
Ecosystem
Enable
Create new opportunities for your customers and your organization.
Digital identity
Secure, frictionless experiences
Lending
Faster, fairer decisions
Payments
Flexible payment experiences
Personal financial management
Greater insight and engagement
SME solutions
Accounting, payments and business tools
Operational efficiency
Automate and streamline
AI services
AI and agentic capabilities
Regulation-ready
Designed for evolving requirements
Scalable infrastructure
Built to grow with your ecosystem
Ecosystem partners
A growing network of trusted participants
Real-world impact
Turning connectivity into customer value
Open Banking opens access to financial data. Open Data creates the opportunity to do more with it.
C1OD enables financial institutions to participate in trusted ecosystems where organizations can securely provide and consume data, services and capabilities — creating new ways to collaborate, innovate and deliver value.
Open Data turns that relationship around.
By participating actively in Open Data ecosystems, organizations can use permissioned data, connect with new services and technology partners, develop new distribution opportunities and make their own capabilities available across the ecosystem.
From data provider to ecosystem participant.
Open Data Use Cases: One Connection, Growing Possibilities
Open Data infrastructure can support far more than financial data sharing.
C1OD connects financial institutions with trusted technology, data and service providers, enabling new capabilities to be introduced without creating a new integration model for every use case.
Built around credit union priorities.
Our use cases are shaped around the challenges and opportunities facing Canadian credit unions today — from delivering better digital experiences and serving SMEs, to improving operational efficiency and creating new sources of revenue. Through a growing network of partner agreements, C1OD is bringing value-added capabilities into the ecosystem, with services available today and more on the way. The examples below show how a common, trusted infrastructure can connect credit unions with the data, technology and services they need to address these priorities.
Explore the Current and Future use cases below:
Leading Digital Experiences
Transaction Enrichments
AI-powered categorization of raw transaction data, turning merchant codes into readable insights that power personalization and PFM features.
Value realization:
Personalized insights, no in-house ML
Higher mobile-app engagement
Foundation for targeted cross-sell
Mass-market Fintechs
A single C1OD integration gives members consent-gated access to hundreds of fintech apps, with no per-connection build and full CU data visibility retained.
Value realization:
Retains digitally active members
Defends deposits from fintech banks
CU keeps control of every connection
Cross-border FX Wallet
Integrated multi-currency wallet and international transfers — competitive FX rates and a global payment network, initiated and tracked within CU digital channels.
Value realization:
Retains members from standalone FX providers
High value for newcomer & SME segments
Targets a growing member base
Better Serve SMEs
SME Accounting
Real-time, bi-directional data feed between member business accounts and QuickBooks — members reconcile automatically and the CU embeds in their daily workflow.
Value realization:
Higher SME retention
Fewer servicing calls
Cross-sell lending on live P&L data
Accounting SW
Multi-platform accounting connectivity — extends bi-directional data feeds beyond QuickBooks to Xero, Sage and other tools, widening the CU's embedded-finance reach across SMEs.
Value realization:
Closes platform gap for more SMEs
Lifts product attachment
One integration, no extra dev cost
Business Central Payments
Embedded payment initiation directly from Microsoft Business Central — SME members approve and execute payments from their ERP without switching to online banking.
Value realization:
Deepens ERP-level lock-in
Captures fee & FX revenue lost to transfers
CU becomes the payment rail
Operational Efficiencies
ID Verification
Secure, consent-driven digital identity verification via Interac® — enabling frictionless remote onboarding without branch visits or document uploads.
Value realization:
Cuts manual ID-check cost per KYC
Reduces onboarding drop-off
Reusable identity across all touchpoints
Call Center ID Verification
Members authenticate digitally during inbound calls, eliminating knowledge-based authentication (KBA) and reducing friction for members and agents.
Value realization:
Lower average handle time
Removes KBA fraud risk
Frees agent capacity, cuts labour cost
In-Branch ID Verification
Branch staff verify member identity digitally via the C1OD consent layer, replacing manual document checks with a fast, auditable confirmation.
Value realization:
Cuts verification time at branch
Lowers training overhead
Consistent, auditable compliance record
Interac Sign-In Service
Members access Canadian government services (CRA, Service Canada) using their existing CU online banking credentials — no new accounts; the CU is the approved Sign-In Partner.
Value realization:
Embeds CU in key government interactions
Deepens primary-institution relationship
Increases retention
Payments (Coming Soon)
Coming soon: consent-driven payment initiation via Interac e-Transfer, letting members authorize payments through third-party apps while transactions settle through their CU account.
Value realization:
Retains volume, float & fee income
Foundation for Real-Time Rail readiness
Data stays for credit & fraud analytics
Agentic Ecosystem Workflows
C1OD auto-assembles multi-step financial workflows by composing the relevant TPP connections — e.g. a mortgage triggers KYC, ID, income verification and insurance at once, with no CU IT coordination.
Value realization:
6–12 month builds activate in weeks
Each TPP a reusable building block
Compounding returns per integration
Loyalty Engine
Data-driven member loyalty and rewards program, using enriched, consent-gated spending data to deliver personalized offers within CU digital channels.
Value realization:
Lifts engagement & cross-sell
Higher member retention
Merchant-funded — no net cost
Revenue Diversification
Loan Origination
Consent-gated access to member financial data enables instant, data-driven lending decisions — including thin-credit-file members underserved by bureau-only scoring.
Value realization:
Grows the loan book to underserved members
Underwriting from days to minutes
Better quality via real cash-flow data
Integrated Credit Cards
Distribute co-branded credit card products via the C1OD consent layer — interchange revenue without a card licence or issuing infrastructure.
Value realization:
Interchange income on every spend
Zero infrastructure capex
Recurring net interest income per card
Wealth Management
Consent-gated account aggregation gives advisors a 360° member wealth view, enabling holistic advice, product distribution and AUM consolidation within the CU.
Value realization:
Grows AUM, fee & interest income
Reduces AUM leakage
Defends vs brokers & robo-advisors
Real Estate Boards
Secure data connectivity with real estate platforms — enabling mortgage pre-qualification, valuation and embedded lending offers at the point of property search.
Value realization:
Offers at the highest-intent moment
Reduces broker leakage
Improves conversion
Insurance
C1OD activates digital distribution of CUMIS products, surfacing home, vehicle, life and income-protection cover at contextually relevant moments.
Value realization:
Economics stay within the CU ecosystem
Distribution income, no underwriting risk
Uplift from low insurance penetration
Consent Management: Putting Customers in Control of Their Data
Trust in Open Data depends on customers understanding what they are sharing, who they are sharing it with and how to change their mind.
C1OD supports transparent, permissioned data sharing across the consent lifecycle, helping financial institutions deliver customer journeys that put control at the centre of the experience.
Read the consent guide