Symcor launches Open Banking suite of services, supported by Cloudentity
Published on December 16, 2022,
Cloudentity is excited to announce its involvement with Symcor, a leading Canadian business solutions provider that enables secure data exchanges. Symcor has launched COR.CONNECT, a new suite of Open Banking services which enables Canadian financial institutions, credit unions, aggregators and fintechs to exchange data safely and efficiently. Cloudentity provides an extremely flexible and scalable authorization service that seamlessly enables the secure and private flow of data across the open banking ecosystem using open standards.
Cloudentity provides Symcor with a comprehensive set of security controls that are specifically designed for Open Banking in Canada. With the help of Cloudentity, Symcor’s Open Banking ecosystem meets the Financial-grade API (FAPI) and Financial Data Exchange (FDX) open standards to ensure interoperability, and ensures that financial institutions’ customer end-user data is protected. The COR.CONNECT suite of services provide the optimal balance to accelerate and propel Open Banking readiness and adoption within Canada with a unique combination of agility and proven security protocols.
The relationship between Cloudentity and Symcor is a significant development in the Canadian financial sector. It represents a strong commitment to security and customer data privacy as the industry evolves and adapts to the new world of open data exchange. We are excited to see how this combination will help banks and fintechs navigate the changing landscape and provide better products and services.