@FintechsCanada
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📣 Big news at Fintechs Canada: Adriana Vega is our new Executive Director, effective August 25.A government affairs veteran, Adriana brings deep experience from her time at the Canadian Venture Capital & Private Equity Association, Scotiabank, & the Canadian Chamber of Commerce.
With the Federal government advancing the Consumer-Driven Banking Act, transferring oversight to the Bank of Canada, & targeting payment initiation by mid-2027, momentum has never been stronger.
Use FIC20 for 20% off your @OpenBankingExpo 2026 ticket 👉 bit.ly/3EBdigC
Happy Holidays from all of us at Fintechs Canada! 🎄
Thank you to our members, partners, and the broader financial community for a year of collaboration, progress, and bold ideas.
Wishing you a wonderful season and a bright year ahead.
Canada’s latest federal budget marks a major step forward for #openbanking. We sat down with @Xero's Michael Cascone, to break down what this moment means for the future of Canadian fintech and the opportunities it creates for SMEs. buff.ly/wukyLI5
Fintechs Canada brings together organizations from across the country that are building, improving, and transforming Canada’s financial ecosystem.
As a member, you’ll be part of a community working toward greater choice for Canadians while staying informed, amplifying your voice & shaping the future of fintech in Canada.
Learn more about becoming a member and the benefits of joining our community: fintechscanada.ca/member-ben…
Canada’s 2025 federal budget is here—and it delivered.
Yesterday’s commitments are huge steps toward a more competitive and resilient financial sector. We were thrilled to see nearly all of our pre-budget recommendations in the budget.
#Budget2025
The market for credit is failing SMEs in Canada. Credit is harder to come by for SMEs and more expensive when they come by it.
Read our submission to the Competition Bureau, which outlines how to fix our broken market for credit: buff.ly/14bR2Lq
#SmallBusinessMonth
We’re excited to share that our Executive Director, Adriana Vega, will be hosting the Fintech Stage at #ElevateFest2025 tomorrow!
Happening in Toronto from October 7–9, @ElevateTechCA brings together founders, investors, and innovators shaping the future of tech and finance.
Canadians pay higher fees for everyday banking than citizens of Australia and the United Kingdom do and they get less in return. Canada’s financial sector is heavily concentrated. Over the years, the UK and Australia have boosted competition in their financial sectors.
Meanwhile, Canada is still suffering from the problems boosting competition would fix: high fees and poor customer service. This year’s federal budget should make financial services more affordable for Canadians. buff.ly/0VPKEcN
According to the C.D. Howe Institute, the financial sector’s contribution to Canada’s productivity is “underwhelming.” The financial sector is not just a vault for your money. It’s the economy’s brain, deciding how to allocate capital across the economy.
SMBs make up more than 99 percent of the Canadian economy, but they’re not getting access to the financing they need to grow. Banks are lending less to SMBs than to bigger firms. And when banks do lend to SMBs, it costs SMBs more here than it does in other countries.
This year’s federal budget should make it easier for SMBs to access capital and invest in themselves and the Canadian economy. For more, check out the blueprint we sent to the government: buff.ly/0VPKEcN
The Canadian economy should be powered by Canadian dollars. But alternative payment infrastructure denominated in foreign currency could weaken financial supervision and policy administration at home.
Digital currencies like stablecoins are gaining traction.
Global stablecoin volume is on the rise, with trillions of such transactions taking place annually. More and more of the payment companies that power commerce today are giving their merchants the ability to accept payments in stablecoins.
This year’s federal budget should protect Canada’s economic security by modernizing financial sector legislation to apply to stablecoins. For more, check out the blueprint we sent to the government: buff.ly/0VPKEcN
Fintechs Canada retweeted
Yesterday, we co-hosted the Future of Finance Summit at UofT with @FintechsCanada & @creativedlab.
Leaders from policy, industry & academia came together to discuss the future of Canada’s financial system.
Thank you to our partners, speakers & attendees!
Fintechs Canada retweeted
It was a pleasure to speak at the Future of Finance Summit in Toronto about the need for investment, competition and innovation in the financial technology space.
Canada needs financial modernization from Real Time Rail to open banking and digital assets to compete globally.
Canada must remove barriers and build a framework that capitalizes on Canadian talent and makes us an innovator in financial technology, not a follower.
Thank you to @FintechsCanada @creativedlab and @web3canada for inviting me and hosting this important conference.
We were proud to co-host the Future of Finance Summit yesterday bringing together leaders from policy, industry, and academia!
Thank you to our sponsors: @shakepay @coinbase Transactix Financial @atbfinancial @McMasterU MPP @web3canada @creativedlab 👏
The Bureau’s study on SME loans is an important step toward a fairer financing landscape. But as our Executive Director noted, Canada must move forward on open banking & RTR to expand access to capital, lower borrowing costs, & level the playing field. buff.ly/JrcG2Xt