An Expanding Regulatory Perimeter For Fintechs: A Case Study

As fintechs' presence and scope of activities expands, the regulatory landscape in Canada, as well as internationally, grows increasingly complex. As demonstrated in the case study below, fintechs will soon be facing a wide range of regulatory frameworks depending on their activities¹, with at times similar—but often slightly different—requirements. To illustrate the potential impact of these various regulatory frameworks, we will examine an imaginary fintech's compliance obligations in the regulatory space: MyFin.