Here’s a look at some of the key players shaping the future of Canadian fintech. Read on.
The open banking leadIn March 2022, the federal government named Tachjian as its open banking lead, with a term that will end in September of this year. The former lawyer and digital banking expert previously ran the government’s consultations with industry stakeholders in late 2020 on how Canada should design the system. His new mandate was to develop a “made-in-Canada” regime based on recommendations outlined in the final report of the advisory committee on open banking.
Felesky is also a board director with fintech firms including Alpaca, Boosted.AI, Borrowell, Clark, Hellas Direct, Koho, Integrate.ai, LoanStreet, Socotra and TheGuarantors. He is also executive chairman of Grayhawk Investment Strategies.The executive director of Fintechs Canada has been working on behalf of the country’s fintechs, aiming to increase competition in the financial sector and ultimately provide more options for consumers.
Since its launch, Fintechs Canada and Vronces have also been working with the government to help reform competition laws, introduce a retail payments oversight framework, expand access to payment systems, reduce transaction fees for merchants, and review the financial sector’s legislative framework to manage the risks posed by crypto and stablecoins. Current members of the association include EQ Bank, Borrowell, Wealthsimple, Koho, Mogo, Peoples Trust Company and Wise.
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