We're excited to announce the appointment of seven industry leaders to our board, bringing a wealth of experience, leadership and expertise. Meet our new board: • Anne Butler, Chief Legal Officer at Peoples Group • Jessica Oliver, Head of Government and Regulatory Relations at Wealthsimple • Ben Harrison, Partner, Head of Partnerships and Policy at Sagard • Laurence Cooke, Founder and CEO of nanopay Corporation • Dominique Samson, Vice President of Corporate Affairs at Flinks • Peter Aceto, Chief Banking Officer of KOHO • Andrew Graham, Co-Founder and CEO of Borrowell https://lnkd.in/gvRpwdiw
About us
A unified voice for Canada's most innovative financial technology companies, promoting a better future for Canada's financial sector
- Website
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https://fintechscanada.ca/
External link for Fintechs Canada
- Industry
- Financial Services
- Company size
- 11-50 employees
- Type
- Nonprofit
- Founded
- 2019
- Specialties
- payments and financial services
Employees at Fintechs Canada
Updates
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Starting November 1st, the Bank of Canada will enforce a new regulatory regime for non-bank businesses that make money from payment services, aiming to protect consumers from risks like company failures and hacks. Around 3,000 companies will need to register, but identifying who qualifies is complex. To assist, the Bank of Canada has provided guides and case studies to clarify the requirements. This initiative aligns Canada with global efforts to regulate non-bank payment services, promoting greater competition and innovation in the financial sector, similar to regulations in Australia, the EU, the UK, and the US. Read more on this in The Logic: https://lnkd.in/gdS87TbX
Bank of Canada’s payment regulation hard with so many fintechs - The Logic
https://thelogic.co
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Fintechs Canada reposted this
Very jazzed to share KOHO's new rent reporting feature. Building credit history by using an unsecured 20% APR credit card has never made sense to me. Credit scores should be built through natural behaviours, like paying rent, utilities and bills. Rent Reporting will help the 40% of Canadians who rent build their credit history, without expensive debt. More than 15,000 users have adopted rent reporting already, mostly during a dark launch. The team was also very thoughtful about landlords, making it easy to bundle tenant insurance and get cash-back by paying rent on time and through the app. Let me know what you think and DM me any feedback! More here: https://lnkd.in/gcfx7qwH
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🎧 Join Alex Vronces as he sits down with Jean Amiouny, CEO of Shakepay, to learn about the future of bitcoin, the power of customer feedback, and his unique take on what makes a city beautiful. Don’t miss out on this fascinating conversation! Find your preferred podcast platform: https://lnkd.in/g_9McPc3
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The Bank of Canada has just released new updates under the Retail Payments Activities Act. Key highlights include: - New supervisory policy on assessing acquisitions of control and prescribed changes for registered PSPs. - Five new case scenarios covering topics like holding funds, remittance service providers, and e-commerce gateways. - Updated criteria for determining if you need to register as a payment service provider. https://lnkd.in/gR_PteKq
Retail payments supervision: Supervisory policies and guidelines
bankofcanada.ca
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KPMG recently reported that a record US$7.8 billion was invested in Canadian fintechs in the first six months of 2024, a massive increase from US$1.1 billion in 2023. This was largely driven by a take-private deal of Fintechs Canada member Nuvei. Despite global investment challenges, the future looks promising for Canadian fintech. https://lnkd.in/gTjrkrAz
Investments in Canadian fintechs hit a new high in H1’24
kpmg.com
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The federal government has just released a new financial sector consultation paper, open to all Canadians and stakeholders, covering key proposals aimed at supporting a competitive market structure and expanding consumer choice, enhancing consumer protections, modernizing the financial sector framework, adapting to geopolitical risks and upholding world-class regulation. They’re also seeking input on housing, economic growth, improving tax fairness, and more. Submissions for this consultation will be open until September 11, 2024. https://lnkd.in/gPNxNqfA
Consultation on Proposals to Strengthen Canada’s Financial Sector
canada.ca
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With so many great podcasts out there, it’s easy to feel overwhelmed. Here’s why we think Fintechs, eh? is worth your time: we bring you conversations that matter with guests who are shaping the future of fintech in Canada. Whether you’re catching up on past episodes or looking forward to what’s next, this is one podcast you don’t want to miss. https://lnkd.in/gAdt27BM
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Check out this podcast episode with Wise's Brigit C. on real-time rail in Canada. Great insights on its benefits and impact on Canadians.
NEW PODCAST! In this episode of the Simplify Payments podcast, we discuss how the real-time rail will transform the Canadian financial landscape. Guest: Brigit C., Senior Policy Lead & Campaigns Manager for the Americas at Wise Don't miss this episode! There's a lot of great information about the real-time rail, its benefits, and how it will impact Canadians and businesses. Watch the full episode: https://lnkd.in/eWhh8GXp Read the episode transcript: https://lnkd.in/ez6kUTQg #realtimerail #instantpayments #canada #paymentrails #fintech #wise
Simplify Payments Podcast - EP4 (Real-Time Rail Updates In Canada with Brigit Carroll)
https://www.youtube.com/
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Fintechs Canada has been working closely with the federal government to develop Canada’s consumer-driven banking framework. We've been emphasizing the importance of creating a framework that Canadians actually want to use. That means not imposing unnecessarily high costs on participants, which would deter participation and, thereby, adoption by Canadians. We're advocating for reasonable accreditation requirements to encourage participation, as well as a pragmatic scope of application of the framework to ensure the system is up and running sooner than later. Canada can no longer afford delays. Read our most recent letter to the government below 👇