Fintechs Canada launches to advance a whole-of-government approach to supporting Canada’s emerging fintech ecosystem.
Fintechs Canada is a not-for-profit association. Members range from industry fintechs to fintech-friendly financial institutions.
The main initiative of the association is to collaborate with policymakers to guide the growth of the country’s fintech region. This is in addition to educating the public and raising awareness of the benefits of Canada’s fintech sector.
Formerly Paytechs of Canada, the revived organisation and its members engage in dialogue regarding the future of financial services in Canada.
This dialogue covers payment modernisation, open banking and the digitalisation of money. The association also focuses on the modernisation of anti-money laundering (AML) and terrorist financing laws; among others.
Its parallels with government officials seek to promote responsible innovation, protecting the integrity, stability and security of the financial sector.
With the growing requirement for new regulations and policy innovation, the association aims to serve as Canada’s unified voice for fintech.
It’s expected that its operations will encourage competition and innovation in the industry while enabling greater service choices for Canadians.
Fintech Canada board and members
Fintechs Canada’s leadership board consolidates industry experts with a range of knowledge around fintech. Board members include those in lending, payments, data aggregation, blockchain, banking, and the cooperative sector.
The board consists of:
- Laurence Cooke, CEO and founder of Nanopay
- Andrew Graham, CEO and co-founder of Borrowell
- Yves-Gabriel Leboeuf, CEO and founder of Flinks
- Ben Harrison, partner and head of partnerships and policy of Portage Ventures
- Shirley Matthew, VP of transformative product innovation at Peoples Group
- Mark Ripplinger, president and CEO of Everlink Payment Services
- Kristen Wilson, SVP of client experience and strategy at Celero Solutions
The association’s 40-plus members include Money Clip, Wise, Gratify Payments, Apaylo Finance Technology, Mastercard and Vopay International; among other major players.
As divulged in The Fintech Times‘ regional analysis, the promise of an open banking system by early 2023, the rise of fintech IPOs and an increase in collaborations across the financial services industry suggest the future of fintech in Canada is looking rosy.