How open banking could empower survivors of financial control
Canada’s proposed open banking legislation, Bill C 15, could become a powerful tool for women experiencing economic abuse, according to researcher . The framework would allow consumers to securely share their financial data with trusted third parties, helping survivors access crucial records without relying on abusive partners.
Economic abuse—affecting one in three women experiencing intimate partner violence—often involves restricting money, withholding information, or incurring debt in a victim’s name. Betermier argues that open banking should be viewed not only as competition and innovation reform, but as a way to support survivors in regaining control over their financial lives.
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