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ARTICLE · 23 JANUARY 2024

Market Intelligence Thought Leadership Award Winner

Seizing Fintech's Potential: Q&A With Andrew Graham

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We are very much looking forward to the proposed legislation for consumer-driven banking. There has been significant effort from stakeholders to come up with a framework that is made-in-Canada...

CanadaTechnology
Andrew Graham
Andrew Graham
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What proposed legislation within the fintech space are you most excited about?

We are very much looking forward to the proposed legislation for consumer-driven banking. There has been significant effort from stakeholders to come up with a framework that is made-in-Canada—that is, one that recognizes the unique landscape of the Canadian financial services and the importance of collaboration between the government and industry.

[I]f a new financial app handling customer money doesn't work properly or isn't secure, that can be disastrous. You won't get a second chance. So there's tension in fintech between quick iteration and careful building.

It's clear that consumer-driven banking will drive innovation and bring value to Canadians through better financial products and services. That said, there will be many details that need to be sorted out—accreditation, common rules, and technical standards.

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