Open Banking Arrives in Canada - Will Tiller re-start account connections?

Conversation
1

As the title says, open banking has come to Canada. Tiller had previously ended connection support with Canadian financial institutions and stated a lack of open banking with financial institutions was a large reason for that decision. With this announcement, will Tiller re-start connections with financial institutions in Canada?

https://www.forbes.com/sites/christerholloman/2026/02/09/open-banking-now-launching-in-canada-what-it-means-for-you-and-banks/

2

That will be a happy day when it finally happens. I’d also like to know if TIller intends to begin supporting Canadian Banks again. I’d love to be able to utilize Tiller again.

3

@heather Can you please comment on this?

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I think it would be in the hands of Yodlee and PLAID to set up the Oauth connections. I’m not sure how committed Yodlee and PLAID are to Canadian Institutions. I do know that MX (another integrator) has working relationships with several major Canadian banks and I would expect MX to be the first to start providing connections in Canada that are not “screen scraping”. I do know that one of my banks, VanCity CU intends to work with the integrators. So I’m ever hopeful…!

5

Both Yodlee & Plaid are working on it.

But we don’t have a timeline on when any of the connections will be available. We’ll of course share more when we know more concretely how this will affect our Canadian customers.

6

That is very encouraging news. Thanks for the update. (I think it might happen towards the end of 2026)

7

Still nothing 3 months later

8

We are completely at the mercy of 1) Canadian government 2) Canadian institution 3) data aggregation partners (yodlee & plaid) before this gets any better.

I would expect it to be another 6 months to a year before we see any progress here. The institutions especially have to actually do the work to build the infrastructure to support this. Unless the government has given them a very tight timeline to do it (I don’t know about that part, haven’t done research) then they probably aren’t in a hurry as I’m sure this will be an expensive change for them.

9

Thanks for responding at least. The chat responses to my ticket have been completely worthless.

10

the change is mandated for the “Big 5” banks. Credit Unions have more lee-way. This banking change goes beyond Oauth. When complete, it will encompass reading AND writing to your accounts, and you will be able to easily switch banks. One of the niceties of a heavily regulated banking industry - you don’t have severe crashes like in 2008 and you get compliance from everybody.