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Canada FinTech

Bennett Jones LLP

Fintech in Canada Q2 2024

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Canada's Consumer-Driven Banking Act (CDBA) has become law. It was enacted on June 20, 2024, when Bill C-69, the Budget Implementation Act, 2024 received royal assent....more

Bennett Jones LLP

Open Banking: What New Consumer-Driven Banking Legislation Means For Fintechs in Canada

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If your company is a fintech operating or hoping to operate in Canada with a business model that offers financial products, you should be aware that Canada’s federal government has announced its intention to enact legislation...more

Bennett Jones LLP

Fintech in Canada Q1 2024

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As we highlighted in our last quarterly Fintech update in 2023, a new regulatory framework under the Retail Payments Activities Act (RPAA) will soon affect all retail payment service providers (PSPs) doing business in Canada....more

Bennett Jones LLP

Upcoming Retail Payment Activities Act Regulation—Updates from the Bank of Canada

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As we highlighted in our Quarterly Fintech Update in 2023, a significant development in the Canadian retail payments industry is forthcoming within this year—namely, the implementation of a new regulatory framework under the...more

Bennett Jones LLP

Fintech in Canada Q3 2023: Money20/20

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This series features insights on timely issues shaping the fintech industry, addressing critical subjects industry participants must consider in the areas of financial regulation, securities, commercialization of IT, AI,...more

Bennett Jones LLP

Fintech in Canada Q2 2023: Navigating Industry Shifts and Legal Challenges

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Welcome to Bennett Jones' quarterly Fintech in Canada update, where our fintech lawyers address timely issues shaping the industry. We look at what industry participants need to know in the areas of financial regulation,...more

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Fintech in Canada Q1 2023: A Pivotal Moment

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Welcome to Bennett Jones' quarterly Fintech in Canada update, where our fintech lawyers address timely issues shaping the industry. We look at what industry participants need to know in the areas of financial regulation,...more

Blake, Cassels & Graydon LLP

État du secteur de la fintech : mise à jour commerciale et réglementaire

Le secteur de la fintech demeure vigoureux au Canada, vu l’émergence continue de nouveaux règlements et de technologies novatrices. Ce secteur évolue constamment, il est donc important que les entreprises qui y exercent des...more

Blake, Cassels & Graydon LLP

The State of FinTech: Commercial and Regulatory Update

The fintech sector remains strong in Canada, with new regulations and innovative technologies continuously emerging. With change being a constant, it’s important for companies in the industry to stay up to date on the latest...more

Stikeman Elliott LLP

Fintech 2023

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Canadian fintech industries, particularly digital payments, digital trading, robo-advising and open banking, continued to experience significant growth until 2022. The pace of innovation had been accelerated by expansive...more

Bennett Jones LLP

Proposed Revisions to Guideline B-10 Would Affect Outsourcing by Financial Institutions to Fintechs

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​​​​​​​Fintechs and other entities that contract with federally regulated financial institutions (FRFIs) should be aware of the possibility of more stringent requirements regarding risk management in their commercial...more

BakerHostetler

New Stablecoins, Cryptocurrency Products and NFT Initiatives Launch; Ukraine Sells Donated NFT; SEC and OSC Bring Crypto...

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New Fiat-Pegged Stablecoins Launch, BIS Publishes New Findings on CBDCs - Late last week, a global fintech firm and issuer of the dollar-pegged stablecoin, USD Coin (USDC), announced that it was preparing to issue a...more

Bennett Jones LLP

The Financial Innovation Act: Regulations and Coming Into Force July 1, 2022

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On June 7, 2022, the Government of Alberta published Order in Council 200/2022, under which the Lieutenant Governor in Council ordered that the Financial Innovation Act, SA 2022 c F-13 (FIA) be proclaimed into force on July...more

Bennett Jones LLP

Bill 13: the Financial Innovation Act: An Opportunity to play in the Sandbox

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On March 30, 2022, Bill 13 passed its first reading in the Alberta Legislature. If Bill 13 receives royal assent, it will establish the Financial Innovation Act (FIA). Second reading of Bill 13 commenced on April 19, 2022....more

Stikeman Elliott LLP

Alberta Introduces Insurance Law Amendments to Foster Local Reinsurers and Advance Captive Insurance Company Initiative

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Yesterday afternoon, the Alberta government introduced amendments to the Insurance Act (Alberta) and the Captive Insurance Companies Act (Alberta) as the next step in its initiative to provide additional Alberta-based...more

Bennett Jones LLP

Mareva Injunction over Cryptocurrencies in the Freedom Convoy Class Action

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The Significance and Implications For Persons Engaging With Cryptocurrencies and Digital Assets - A series of protests and blockades in Canada against COVID-19 mandates and restrictions, called the "Freedom Convoy" by...more

Sheppard Mullin Richter & Hampton LLP

The United States-Mexico-Canada Agreement – Paving the Way for a Cross-Border Fintech Sandbox

At over $30 billion USD in transactions a year, the United States-Mexico remittance corridor is one of the largest in the world. The rapid development of cryptocurrencies has enabled cross-border transactions at just a...more

Bennett Jones LLP

Big Trends in Canada's Private Equity Bull Market

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We are now beginning the second decade of the private equity (PE) bull market in Canada. The surge of PE investment in the last 10 years has shifted the ground of Canadian and global corporate finance....more

Blake, Cassels & Graydon LLP

Competition Law and the Digital Economy in Canada

Competition law enforcement agencies have undertaken many new initiatives focused on the digital economy, including publishing position papers, developing enforcement strategies, hiring specialized personnel, and taking...more

Blake, Cassels & Graydon LLP

Canadian Competition Law Issues for the Financial Services Sector

In recent years, the financial services sector has seen the emergence of new business models and services, including in areas like Internet payments and intermediary platforms. At the same time, the financial services sector...more

Blake, Cassels & Graydon LLP

Competition Bureau Releases Final Fintech Market Study

The Competition Bureau (Bureau) recently released the final report from its market study, titled Technology-led innovation and emerging services in the Canadian financial services sector (Report), analyzing the regulatory and...more

Perkins Coie

Blockchain Week in Review – September 2017 #7

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Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

Bennett Jones LLP

If You're Not a Bank, Stop Using "Bank Words" to Describe Your Business, Says Canada's Banking Regulator

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Companies that provide financial services in Canada, including fintech companies and credit unions, should be aware of a provision in the federal Bank Act that restricts their ability to use words such as "bank", "banker" or...more

Bennett Jones LLP

The Blockchain Buzz and Alberta

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One of the buzzwords in the legal and financial industries in 2016 was "blockchain", and the buzz appears to be going strong in 2017. Blockchain, in simple terms, is a distributed database that maintains a record of...more

Wilson Sonsini Goodrich & Rosati

WSGR Fintech Update - May 2017

Wilson Sonsini Goodrich & Rosati is pleased to present the May 2017 issue of the WSGR Fintech Update. This latest edition includes an article addressing non-U.S. fintech regulatory sandboxes and the last U.S. proposal to...more

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