Written By Matthew Flynn, Simon Grant and Kwang Lim Canada’s Consumer-Driven Banking Act (CDBA) has become law. It was enacted on June 20, 2024, when Bill C-69, the Budget Implementation Act, 2024 received royal assent. The second quarter of 2024 also saw: Open Banking: What New Consumer-Driven Banking Legislation Means for Fintechs in Canada If your company is a fintech operating or hoping to operate in Canada with a business model that offers financial products, you should be aware that the CDBA could apply to your organization. The CDBA sets the foundation for a legal framework that enables consumers and small businesses to … Continue reading Canada’s Consumer-Driven Banking Act (CDBA) has become law

Canada’s Consumer-Driven Banking Act CDBA has become law. It was enacted on June 20, 2024, when Bill C-69, the Budget Implementation Act, 2024 received royal assent.The second quarter of 2024 also saw: the Bank of Canada lay out new retail payments supervision that will affect retail payments fintechs; and the U.S. Securities and Exchange Commission close its investigation into Ethereum 2.0. — Read on http://www.bennettjones.com/Blogs-Section/Fintech-in-Canada-Q2-2024 Continue reading Fintech in Canada Q2 2024 | Bennett Jones

Commentary from Dr Richard Haas in Bloomberg. His comments on US as a lynchpin are not supported by all, but they are factual since WW2, and likes of Bretton Woods, United Nations, IMF, BIS, thus do constitute a risk. ——————/———–/————— Even before Saturday’s assassination attempt on former President Donald Trump at a rally in Pennsylvania, Dr. Richard Haass, a veteran diplomat and senior counselor at M&A advisory specialist Centerview Partners, had no doubt about the biggest short-term geopolitical risk “It’s the uncertainty about the role of the United States in the world,” he said in an interview with Bloomberg TV last week. “We have been such a … Continue reading Risk to world order – “uncertainty about the role of the United States in the world”

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Temu has taught Amazon.com Inc. an important lesson: US shoppers can be patient if it saves them money. Source Bloomberg News broke last week that Amazon is planning a low-priced store for apparel and home goods shipped directly to US shoppers from China, signaling that the ecommerce giant is taking seriously the threat posed by discounters like Temu and Shein. Amazon helped change the way people shop by building a vast network of warehouses designed to stockpile products and quickly send them to customers. That model requires products manufactured in China to be shipped by sea in bulk to the US and … Continue reading Patience pays

Source: Panagiotis KriarisPanagiotis Leadership | FinTech | Payments | Banking | Innovation |Leadership | FinTech | Payments | Banking | Innovation | It’s an oxymoron, but in the era of AI moving funds from one account to another has been signaled as one of the major payments’ trends. Where’s the catch? Let’s take a look. Link Transferring funds between accounts is not a novelty, but rather one of the oldest and more basic payments’ use cases. And yet if you look at today’s increasingly complicated payments landscape, there is an entire debate going on, hooked on the principle that Account-to-Account … Continue reading A to A payments growth