FSxT: Your legal hub at the intersection of technology and financial services
From open banking and digital assets to AI-driven services and emerging compliance regimes for payment service providers, Canada’s financial services landscape is being redefined by technology.
Our multidisciplinary FSxT team helps you translate change into practical steps—supporting governance, regulatory compliance, and operational readiness so innovation doesn’t outpace risk management.
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Turning change into advantage: What to watch in 2026
Open finance takes shape
Consumer-driven banking and real-time payments are converging to form the backbone of Canada’s next-generation financial system. With enabling legislation for open banking expected in 2026 and the Real-Time Rail coming online, attention is shifting from policy design to execution. Together, these initiatives will reshape how consumers and businesses move money and share financial data.
Privacy and data governance back on the agenda
Following the collapse of Bill C-27, federal privacy reform is set to return with expanded enforcement powers and modernized consent requirements, raising the compliance bar for data-driven organizations. Privacy will increasingly intersect with data mobility, digital sovereignty and sector-specific initiatives like open banking and AI, making governance, accountability and transparency core strategic considerations.
Financial crime reform accelerates
Canada’s AML/ATF framework continues to evolve, with reforms focused on disrupting cash-based laundering, strengthening information-sharing and enhancing enforcement. The planned launch of a new Financial Crimes Agency underscores a shift toward more centralized oversight of complex financial crime, heightening expectations for institutions operating across payments, digital assets and data-rich financial services.
Digital money enters its next phase
Stablecoins and tokenized deposits are moving from theoretical innovation to practical regulatory consideration. With draft federal legislation for Canadian dollar-backed stablecoins now on the table—and growing policy attention on tokenized bank deposits—regulators are grappling with how digital representations of money fit within existing payments, prudential and AML frameworks.
In the news
As the financial services landscape evolves, our team remains front and centre in the media, delivering timely, forward-looking insights to help businesses navigate change.
Let’s connect
Combining strength in technology law, commercial law, and financial services regulation in a truly unique way, we offer integrated, sector-driven guidance on everything from payments and crypto regulation to cyber security, insurtech, AML, and IP.
The result? Future-focused legal solutions that help you adapt faster, innovate smarter, and move forward with confidence and optimism. Contact a member of our team today to begin the conversation.
