Français (Canada)FDX CANADA
Consumer-Driven Banking
in Canada
FDX is working with Canadian members to support secure, interoperable, permissioned financial data sharing and to advance technical standards work for Canada’s consumer-driven banking ecosystem.
FDX CANADA
FDX in Canada
FDX has been active in Canada since 2020, when it launched a dedicated FDX Canada Working Group with an initial cohort of 31 founding Canadian financial institutions, fintechs, aggregators, and industry bodies.
Since then, Canadian firms have joined FDX to help evolve the FDX specification for Canada-specific market, regulatory, and operational needs.
FDX technical standards are built and refined through a consensus-driven process. Each member has a voice. Key decisions specific to Canadian technical standards requirements will be made through the FDX Canada Council.
About FDX
FDX is a global, industry-led, non-profit technical standards body whose members include banks, credit unions, fintechs, data access platforms, technology providers, consumer advocates, and others.
FDX members develop and maintain a common, royalty-free technical standard for secure, user-permissioned financial data sharing. FDX maintains the market’s most widely used technical standard in North America for user-permissioned financial data sharing integrations.
TECHNICAL STANDARDS
Standards Work in Canada
FDX members are working through the FDX Canada Council and related technical workstreams to review Canada-specific market, regulatory, and operational needs and identify where the global FDX specification may need to be adapted for the Canadian market.
In the months ahead, important discussions and decisions related to the technical standard are likely to focus on:
Consent and authorization
Data elements formatting
Security
Conformance testing requirements
GOVERNANCE
Canada Governance & Member Participation
FDX’s work in Canada is supported by Canada-tailored governance frameworks and technical workstreams.
The FDX Canada Council governance empowers Canadians to drive the adaptation and definition of technical standards relevant to the Canadian market. Canadian members can also participate across FDX’s technical working groups to leverage the expertise of FDX’s broad membership and promote global interoperability.
PARTICIPATION
Get Involved with FDX Canada
Organizations involved in Canada’s consumer-driven banking ecosystem can engage with FDX to learn more about standards work, member participation, and upcoming Canada-focused technical discussions.
To learn more about FDX’s work in Canada or how to get involved, contact Jason Chomik, Canada Director.
Resources
Reference materials and additional information on the FDX API specification.
FDX standards are openly available to the public to view and implement on a royalty-free basis. These standards define how data providers, authorized third parties (or “data recipients”), and data aggregators (i.e., data access platforms) can build interoperable connections that handle both customer authorization and secure transmission of account information. The FDX API standard covers a wide array of account types and use cases.
Legacy methods of connecting accounts typically require consumers to give their account login credentials to a third party, who then gains broad access to a customer’s data. In contrast, FDX standards enable user-permissioned data to flow in a more secure and reliable way than credential-based (“screen-scraping”) methods.
Consumer Control, Privacy, and Transparency: FDX standards define protocols for explicit, revocable consumer consent with scope, duration, and account-level parameters, giving consumers meaningful control over data access.
Security and Reliability: The FDX specification embeds proven security practices. A consumer connecting via an FDX-aligned interface can share their data without giving their login credentials to a third party.