Finance committee  It would help a great deal to introduce more competition in this space. Many of our members make headlines on a regular basis and serve millions of Canadians on a daily basis. They're already breaking into the market, but there are still frictions. There was a study done of abou

Finance committee  Thank you so much for having us here today. It's always an honour. Fintechs Canada is an industry association of Canada's most innovative financial technology companies. Our mission is to make Canada's financial sector more responsive to the needs of Canadians. A few years ago,

Finance committee  One of the best examples I can think of that has gotten plenty of attention anywhere that it's been talked about is Borrowell's Rent Advantage program. They have a product that allows Canadians who might not have a lengthy credit history or new Canadians who don't have a credit h

Finance committee  Though the association is not close enough to the particulars of the deal to have an informed opinion about whether the acquisition should be approved or disapproved, we don't think the decision should be taken lightly. The five big banks in this country control 90% of the bank

Finance committee  It's 2023 and it's looking like fall outside.

Finance committee  It was no later than the beginning of 2023.

Finance committee  No legislation has been put forth.

Finance committee  Though a lot of these payments feel like they're being made in real time, they are not, and the institutions making them are essentially fronting money to one another, creating credit risk in the system.

Finance committee  Thank you, Mr. Chair, and members of the committee, for inviting us to participate in this pre-budget consultation. My name is Alex Vronces. I'm the executive director of Fintechs Canada, which is an industry association of Canada's most innovative financial technology companies