The Future Of Fintech: Q&A With Jay Dorey

The fintech industry is undergoing rapid growth amidst evolving regulations. In this Q&A, Brigitte Goulard, Senior Counsel, and Jay Dorey, Head of Global Strategic Initiatives & Canada Government Affairs for Visa, discuss the areas seeing the biggest impact.

Brigitte: The fintech industry is experiencing several developments. Which one are you most excited about and what are the biggest opportunities and challenges facing the industry?

Jay: I think the biggest change that's occurred for the fintech market in Canada over the last decade is the Retail Payments Activities Act (RPAA). It is a massive change to the permission structures that fintechs in Canada will have to operate in, and there's a lot of attention right now on what that does for their access to real-time rail, to other payment networks, and to the infrastructure that exists around payments. But it also creates a level of legitimacy with consumers, financial institutions, and corporations that may have not yet