Practical analysis on regulatory developments, risk management, and what it means for Canadian organizations.
With the September 2025 registration deadline approaching, many Payment Service Providers are discovering that scope determination is far more nuanced than anticipated. This insight examines the most common misclassifications we are seeing in the market — and what they mean for ongoing compliance obligations.
Canadian PSPs and financial institutions rely heavily on third-party technology providers — from cloud infrastructure to payment rails. This piece examines how RPAA's operational risk requirements are forcing a more rigorous approach to vendor due diligence, and what a credible TPRM program looks like in practice.
RPAA's incident notification requirements demand rapid detection, escalation, and reporting to the Bank of Canada. Most organizations underestimate how compressed these timelines are — and discover their gaps during an actual incident. This insight covers what a credible incident response capability looks like, and where most organizations fall short.
Most risk appetite frameworks fail for the same reason: they are written to satisfy auditors, not to guide decisions. This piece sets out what separates a risk appetite framework that changes how your organization operates from one that collects dust between board meetings.
Beyond RPAA, Canadian PSPs operate in an increasingly complex regulatory environment spanning PCMLTFA, PIPEDA, and provincial consumer protection regimes. This overview maps the key obligations, identifies where they intersect, and flags where gaps in most PSPs' compliance programs tend to emerge.
Safeguarding end-user funds is one of RPAA's most operationally demanding requirements. Beyond establishing a trust account, PSPs must maintain daily reconciliation, manage timing gaps, and produce audit-ready documentation on demand. This insight walks through the operational mechanics and the most common pitfalls.
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