Canada’s global payments ambition starts with the Real-Time Rail
Statement from Adriana Vega, executive director of Fintechs Canada OTTAWA, Oct. 6, 2026 — Fintechs Canada supports the ambition to connect Canada’s payment systems with global peers, as signalled in recent reports on a draft Canada-EU agreement. It is the right long-term goal for Canada, one that can increase competition, lower costs and improve how […]
Fintechs Canada calls for open banking rules that give Canadians more control and unlock the benefits of greater competition
OTTAWA, Aug. 27, 2026 — Fintechs Canada welcomed the publication of the proposed Consumer-Driven Banking (CDB) Regulations as it marked an important milestone for advancing consumer-driven banking in Canada. In its submission, Fintechs Canada called for targeted changes needed to give Canadians greater control over their financial lives and strengthen competition in financial services. The […]
Fintechs Canada calls on government to build on pro-competition effort in pre-budget submission
Fintechs Canada is urging the federal government to use Budget 2026 to accelerate its efforts towards a more competitive and innovative financial sector. Fintechs Canada laid out five recommendations designed to lower costs and increase choice for consumers, expand access to capital for small businesses, and position Canada as a leader in digital finance. In […]
Fintechs Canada calls for a modern, multi-sector National Anti-Fraud Strategy
Fintechs Canada is calling on the federal government to develop a coordinated, technology-driven National Anti-Fraud Strategy that reflects how fraud and scams operate in today’s digital economy. In its submission to the Department of Finance’s consultation on a national anti-fraud strategy, the association argues that fraud is becoming increasingly sophisticated, cross-sectoral, and difficult to detect […]
Fintechs Canada calls for pro-competition reforms in SME financing
Fintechs Canada is calling on the Competition Bureau to use its market study on small and medium-sized enterprise (SME) financing to recommend reforms that would strengthen competition and improve access to credit for Canadian businesses. In its submission, the association says Canada’s SME financing market is less competitive than those in peer jurisdictions, with structural […]
Fintechs Canada testifies before Senate banking committee
Vega emphasized that the measures in Bill C-15, the budget implementation bill, are big steps toward a more competitive and innovative financial sector.
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.
A stronger, more open financial sector can strengthen North American trade
“A strong and innovative financial sector is the backbone of North American trade and economic growth,”said Fintechs Canada’s executive director, Adriana Vega, in the letter. “When money and data move seamlessly through trusted networks, businesses gain access to new markets, investors deploy capital with confidence, and exporters can better manage currency and supply chain risks.”
Fintechs Canada calls for action to improve SME access to financing
“Canada’s SMEs need a financial sector that works for them,” said Adriana Vega, Executive Director of Fintechs Canada. “By addressing regulatory barriers and promoting greater competition, we can create a more dynamic financial ecosystem that supports entrepreneurship, job creation, and economic growth.”
Fintechs Canada urges Ottawa to expand deposit insurance limits
Fintechs Canada is calling on the federal government to significantly expand deposit insurance coverage, warning that the current framework undermines competition by favouring the country’s largest banks. In its submission to Finance Canada’s consultation on modernizing the deposit insurance system, the association recommended raising coverage limits to $250,000 per category for retail depositors and $500,000 […]