VANCOUVER, B.C., April 2, 2026 — Inverite Insights Inc. (“Inverite”) (CSE: INVR) (OTC: INVRD) (FSE: 2V0), a Canadian risk infrastructure company providing real-time financial data and decisioning signals, specializing in real-time bank verification, income and affordability analytics, and AI-driven risk-modeling and fraud-prevention solutions used by fintechs, lenders, and financial institutions across Canada, welcomes the Royal Assent of Bill C-15, which formally enacts the Consumer-Driven Banking Act and establishes the legal framework for a secure, consumer-permissioned data sharing ecosystem in Canada.
Bill C-15 represents a foundational shift in Canada’s financial infrastructure, moving the industry from policy discussion to execution. The legislation outlines the structure for accreditation of participants, consumer consent requirements, and the secure exchange of financial data while maintaining strong oversight and protections for consumers. Inverite is a member of the Financial Data and Technology Association (FDATA). FDATA has called the legislation a critical milestone in Canada’s journey toward open finance. Further details on FDATA’s response are available here.
With the legislative phase complete, focus now shifts to implementation, including the development of regulations and guidance led by the Department of Finance and the Bank of Canada, finalization of technical standards for secure API-based data sharing, and establishment of an accreditation regime for participating entities. The strength and clarity of these implementation measures will ultimately determine whether the framework delivers meaningful, scalable impact across Canada’s financial system.
“Open banking in Canada is no longer a policy discussion. It is now a matter of execution,” said Karim Nanji, Chief Executive Officer of Inverite Insights Inc. “Consumer-permissioned data sharing is a critical first step, but the real value will come from how that data is used. Access alone does not improve outcomes. The ability to transform raw financial data into continuous, decision-grade intelligence is what will drive better credit decisions, faster approvals, and safer onboarding for consumers and small businesses across the country.”
Inverite has built its platform around the principle that trusted financial data must be actionable in the context of real lending and risk workflows. As Canada’s open banking framework moves from legislation to operational deployment, the demand for infrastructure that can convert permissioned data into reliable, decision-ready signals is expected to increase, particularly in credit decisioning, identity verification, and fraud prevention. Strong trust and accreditation frameworks will be essential to enable broad adoption, balancing security, accountability, and innovation across all participants in the ecosystem.
“Canada is later than some jurisdictions in formalizing open banking, but that creates an opportunity to build a more modern, interoperable, and outcome-driven system from the start,” added Nanji. “Bill C-15 is the starting point. Success will depend on implementation that enables real-world applications across credit, risk, and payments. For Inverite, the focus remains the same: turning permissioned data into intelligence that lenders and regulated businesses can act on with confidence, at the speed their customers expect.”
The legislation is expected to have particular significance for small businesses and underserved consumers, where improved access to financial data can support faster, more accurate credit decisions and expand financial inclusion. Open banking will increase competition across Canada’s financial services sector, provided that the data shared is usable and that infrastructure exists to transform it into actionable intelligence for regulated decision-making.
“Royal Assent of Bill C-15 marks a major milestone in Canada’s journey toward open finance,” said Steve Boms, Executive Director of FDATA. “This legislation reflects years of thoughtful policy development and positions Canada to deliver a modern financial ecosystem.”
About Inverite Insights Inc.
Inverite Insights Inc. (CSE: INVR) (OTC: INVRD) (FSE: 2V0) is a Canadian risk infrastructure company providing real-time financial data and decisioning signals, specializing in real-time bank verification, income and affordability analytics, and AI-driven risk-modeling and fraud-prevention solutions used by fintechs, lenders, and financial institutions across Canada.
For more information, visit www.inveriteinsights.com
About FDATA
FDATA represents more than 30 financial technology companies and consumer-permissioned data access platforms across the United States and Canada. FDATA advocates for policies that empower consumers and small businesses to securely access and share their financial data in order to improve financial outcomes and drive innovation.
For more information, visit fdata.global
ON BEHALF OF THE BOARD
Mike Marrandino, Executive Chairman
T: (855) 661-2390 ext. 104 Email: ir@inverite.com
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