The Canadian banking system will soon be transformed by a so-called “open banking” framework.
Proponents are framing this as a more “inclusive” way for banks to easily share information and access user data.
However, the move will merge social standings with banking to provide governments and un-elected bureaucrats with complete control over our finances.
The organization Open Banking Excellence (OBE), a World Bank partner that originated in the UK, boasts that it will incorporate social credit scores and bank information, and likely digital cash and IDs, in one “convenient” and “inclusive” place.
OBE, which has reached 40 countries... “It’s about having that fairer, more inclusive, more open society,” said Helen Child, founder of Open Banking Excellence.
“It drives financial inclusion,” Child claims of the scheme.
“It’s democratizing data.”
It can't happen here though. Right guys? Better get this out of the way just in case...
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[ + ] Zyklonbeekeeper
[ - ] Zyklonbeekeeper 5 points 1 monthMar 30, 2024 17:01:59 ago (+5/-0)
[ + ] allAheadFull
[ - ] allAheadFull [op] 6 points 1 monthMar 30, 2024 17:28:40 ago (+6/-0)
[ + ] Dingo
[ - ] Dingo 2 points 1 monthMar 30, 2024 21:48:28 ago (+2/-0)
We can save them all through exercisms.