CCUA recently attended Fintech Canada’s Leaders Summit in Toronto. It was a day full of dialogue and discussion around the future of finance and tech in Canada. CCUA engaged with policymakers to ensure credit unions remain on their radar as tech and AI move forward, and as fintechs grow within Canada.

The federal government is committed to both stability and growth through federal policy. A clear sentiment from many speakers was that more rules and regulations will be needed for A.I. use in Canada, and that a harmonized approach across industry will be necessary, as A.I. continues to grow in its ability to both help and harm. The Federal Government remains committed to allowing Canadian businesses to grow through A.I. use but noted they are considering what future policy will look like through a sovereignty and stability lens. David Colleto from Abacus Data spoke at the event about Canadians' views on banking and financial safety. Credit unions still have room to improve and grow as allies and in providing the right tools to members. Please find the keynote slide deck attached here.