A New Era Of Innovation In Canada: Fintech

This year's federal budget advances technology-led innovation in the financial sector, changing the way Canadians access and use financial products and services.

As enterprise and consumer markets demand further efficiencies across financial services, the technologies enabling these advancements are becoming more innovative—spurring dealmaking and regulatory change.

Areas to watch

M&A

Financial institutions continue to look at the acquisition and development of technological solutions to create efficiencies, optimize customer experiences and manage risk. In the U.S., tech spending among banks has increased steadily with reports estimating that large banks spend approximately 14% to 20% of their noninterest expenses on technology-related spending¹. In Canada, financial institutions are actively partnering with fintechs and adopting emerging technologies into their operations: in the first three quarters of 2025, close to C$1 billion has been invested in