Toronto, December 6, 2022 /CNW/ – Symcor, Canada’s leading business solutions provider, has announced the launch of COR.CONNECT, a new suite of open banking services. With a proven track record of delivering utility-based solutions to some of the nation’s largest organizations, Symcor has established itself as a trusted partner in supporting and promoting open banking in the nation. Canada.
A robust open banking ecosystem, COR.CONNECT offers unique advantages.Canada‘approach. COR.CONNECT enables Canadian financial institutions, credit unions, aggregators and fintechs to securely and efficiently exchange data through a secure application programming interface (API) and a robust consent platform and trust framework. . Centralized operational, administrative, and risk management capabilities enable all stakeholders to benefit from common rules such as user experience, consent, and risk terms. Working with organizations like FDX Canada makes it even more possible to leverage collective input from industry stakeholders to establish technical standards.
“Over the past few years, Symcor has actively worked with stakeholders across the industry to design and launch a comprehensive ‘Made in’.Canada‘Open Banking Solutions. Through COR.CONNECT, we aim to enrich the digital experience for consumers and enable all industry players to realize the full potential of open banking,” said Symcor’s new product development and corporate strategy. said Saba Shariff, director of
Symcor’s COR.CONNECT provides comprehensive support for both data providers and data recipients. Including key features such as onboarding assistance, a rich consent management platform, and third-party oversight and oversight, data providers can efficiently share consumer data securely with trusted third-party recipients. Symcor’s consent platform gives consumers control over their data rights, including who can access their data, how long they can access it, and the ability to manage the accessible subset.
By leveraging Symcor’s breadth of operational scale, data recipients can benefit from faster methods of connecting to data providers as a secure alternative to risky screen scraping. Freed from the hassle of creating individual contractual agreements and managing providers at different stages of Open Banking readiness, data recipients can continue to focus on delivering innovative services to their customers. .
Developed in close collaboration with Microsoft and Cloudentity, COR.CONNECT leverages the cloud platform capabilities of Microsoft Azure to ensure scalability and availability to meet the requirements of open banking networks. CanadaCloudentity’s authentication solution enhances the security and identity controls needed to enable the secure flow of data across the open banking ecosystem.
“We support the growth of Canada’s The future of open banking is a natural fit for Symcor. His extensive 26-year history with the company has been focused on creating reliable, utility-based solutions that solve industry-wide needs. We are very pleased to extend that expertise into Open Banking by providing a scalable and cost-effective service through COR.CONNECT. ” Nara rice chameriPresident and CEO of Symcor.
The Need for “Made in” Hybrids as Open Banking Gains MomentumCanadaSolutions are recognized as an integral part of long-term sustainable success. With its unique combination of agility and proven security protocols, Symcor’s COR.CONNECT offers the perfect balance to accelerate open banking readiness and adoption. Canada.
Symcor enables secure data exchange and business process support to help clients succeed in the evolving digital world.trusted Canada’s With over 25 years of experience supporting the digital transformations of the largest institutions, Symcor aligns industry participants to solve common challenges in the most effective and efficient manner. For more information, please visit www.symcor.ca.
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