Fintechs Canada supports Payments Canada governance, compliance reforms
Fintechs Canada has filed two submissions with the federal government as part of Finance Canada’s consultation on proposed amendments to the Canadian Payments Act’s regulations and by-laws. The association backed the reforms, but also urged the government to refine them to support stronger governance and greater transparency.
Fintechs Canada submits 2025 pre-budget recommendations to Ottawa
“Our financial sector is central to every part of the Canadian economy, but right now it’s falling short,” said Alex Vronces, executive director of Fintechs Canada. “Canadians are paying more, waiting longer, and getting less. It’s time to finish the job and deliver the reforms we’ve been promised.”
Navigating the RPAA’s Safeguarding Requirements with Purves Redmond and Bennett Jones
With new safeguarding rules under the Retail Payment Activities Act (RPAA) taking effect on September 8, many payment service providers (PSPs) are in a race against the clock to better understand what compliance truly means and how to achieve it effectively. To help answer these questions, we recently hosted a webinar featuring legal and insurance […]
Fintechs Canada calls for refinements to Real-Time Rail rules framework
Fintechs Canada’s RTR submission urges Payments Canada to tighten the “Competitive Service” definition and adopt pragmatic, 48-hour incident reporting for certain incidents to make requirements risk-based, innovation fast, and real-time payments on schedule.
Fintechs Canada urges securities regulators to align with feds on data portability
Fintechs Canada has submitted a response to the Canadian Securities Administrators (CSA) urging regulators to align their data portability efforts with the federal open banking framework. The submission calls for regulatory coordination and harmonization to support innovation and investor protection.
Fighting Financial Crime: A Q&A with AML Incubator’s Haik Kazarian
We sat down with Haik from AML Incubator about anti-money laundering, and how businesses and governments can adjust to fight against constantly evolving threats due to fraud.
Bank of Canada’s Standards Sufficient for Payment System Access
Fintechs Canada has submitted a response to Payments Canada’s recent consultation on membership expansion, arguing that existing Bank of Canada requirements already provide robust safeguards for the payments system without need for additional entity-based restrictions.
Fintechs Canada unveils proposals to make the financial sector work harder for Canadians
With a federal election on the horizon and Canada-U.S. tensions increasing economy uncertainty, Fintechs Canada unveiled a set of recommendations aimed at modernizing Canada’s financial sector to put more power in the hands of consumers and small businesses.
Fintechs Canada sends pre-budget submission to federal government
Fintechs Canada is asking the government to follow through on its committment to implement “consumer-driven banking,” while continuing to support Payments Canada’s program to build and deploy the so-called real-time rail, which will be Canada’s first real-time payment system.
Join Fintechs Canada at Canada’s Open Banking Expo
This year will be a pivotal year for Open Banking in Canada. But many questions remain. Will the big five banks embrace a truly open environment, and how far can we progress after a slow start to implementation? Come join Fintechs Canada as members and other experts unpack these questions.