News & Analysis as of

Canada FinTech

Davis Wright Tremaine LLP

Food Venture Financing News - Weekly Issue No. 238

Butternut Box, a European dog food startup, announced that it raised 75 million Euros in debt funding. Verdi, a Canadian agtech startup, raised $6.5 million in its seed round....more

Bennett Jones LLP

Fintech in Canada Q1 2025

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In order to carry on business in Canada as a payment service provider (PSP) in September 2025, PSPs are required by the Retail Payment Activities Act to register with the Bank of Canada through PSP Connect on the Bank of...more

Bennett Jones LLP

What Does the SPAC IPO Rebound Mean for Cross-Border Deals?

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The start of 2025 has seen an uptick in special purpose acquisition company (SPAC) initial public offering (IPO) activity in the United States as the broader market grapples with political and economic volatility and...more

Blake, Cassels & Graydon LLP

Pratiques exemplaires liées à la vérification numérique de l’identité dans le secteur canadien des services financiers

De nombreuses entreprises de services financiers sont tenues en vertu de lois et de règlements de vérifier l’identité de leurs clients. Il existe des outils technologiques novateurs qui simplifient le processus de...more

BakerHostetler

Weekly Blockchain Blog - April 2025 #3

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U.S. Digital Asset Companies Announce New Product Launches - A major U.S. cryptocurrency exchange recently announced that certain customers can now trade “over 11,000 U.S.-listed stocks and ETFs, bringing equities and...more

Blake, Cassels & Graydon LLP

Secteur des paiements au Canada : Principaux développements attendus en 2025

L’année 2025 pourrait se révéler porteuse d’importants changements dans le secteur des paiements au Canada en raison de l’élargissement de l’admissibilité à participer aux systèmes de Paiements Canada, ainsi que du...more

Blake, Cassels & Graydon LLP

Canadian Payments Update: Significant Developments Anticipated in 2025

2025 may prove to be a year of significant change to the Canadian payments landscape due to the expansion of Payments Canada membership and further development of the Real-Time Rail (RTR) payment system....more

Bennett Jones LLP

Fintech in Canada Q3 2024

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CSA Extends Deadline to Delist Stablecoins  - The Canadian Securities Administrators (CSA) has once again extended the deadline for registered crypto-trading platforms to address trading in value referenced crypto assets...more

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

Bennett Jones LLP

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

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