Lynn Johannson, Advisor, Sustainability and ESG
January 4th, 2024
Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
In a care[...]
Why No Code AI Agents Matter for Fintech in Canada
AI Innovation | April 2, 2025
Image: Freepik/AI
The Quiet Revolution of Real-time, No-Code Agents, And Fintech Canada Needs to Get in the Game
Inspired by VentureBeat's article on a startup called 'Emergence AI', company tagline 'Agents Creating Agents', this article unveils another opportunity for Fintechs in Canada to participate in what's known as the No-Code Agent revolution. It sounds simple and scary at the same time.
At first, it looked like just another AI tool
But when Emergence AI launched their new platform something felt different. You type in what you want, whether it's a task accomplished, a goal achieved, or a process. The AI system reads your text, builds an agent on the spot, and before you know it hands you back an AI agent worker that knows what to do. No code. No engineering team. Just real development being taken care of by something that didn't even exist five seconds earlier.
See: Smarter API Integration with VoPay’s AI-Powered Assistant
And if that initial task spawns another task or challenge? Well, it builds a second agent. And a third. Like an instantaneous workforce unfolding in real time, or one job/task at a time. Believe it or not that's the trajectory we're on right now and we're closer to the tipping point of massive innovation than most people realize or can even appreciate.
So What’s Actually Possible Today?
More than you think, but not everything (yet)...
Task automation across workflows is working now - check ✅. From sales outreach to on-boarding to weekly reporting, these no-code developed agents handle it all. Think Zapier + ChatGPT + smart logic + memory (better than yours and mine!), all wrapped in a conversational UI.
Emergance AI's biggest leap is letting agents create other agents in real time. While these agents have autonomy, it's up to a point currently. They still follow human-defined goals, thankfully. And you're still the architect.
See: Microsoft Unveils New Game-Changing AI Sales Agents
No-code interfaces are a gift to non-engineers. You describe the outcome, and the system builds the logic. This is why operational teams, marketers, and HR folks - not just developers - are jumping in.
It’s usable. It’s working. And it’s scaling fast.
Can it/they Replace Skilled Workers?
Not yet. And maybe not ever for some things because agents currently don't really understand like people do.
They only have limited context (aka the one that you give it), so they can miss nuances. And even with the right prompts and rules, hallucinations can sneak in so validation currently matters.
See: Can AI Replace Federal Workers? DOGE’s Experiment
Plus there's some hesitancy to give agents full access to your private data like CMR, documents, client data, contracts etc, so unless guardrails lock it down, security still takes precedence.
And ethics aren't yet built in, so strategy and sensitive decisions still need people to make the call. Oversight isn't optional.
What Makes a “Super powerful” Agent?
Below is a list of 5 core capabilities, and Emergence AI is tackling all five. That’s why they’re garnishing some serious attention, and why this isn’t just another hype cycle.
| Capability | What it Means |
| 🧩 Tool use | Calls APIs, triggers workflows, updates systems |
| 🔁 Recursion | Can spawn other agents or adapt based on outcomes |
| 🧠 Memory | Remembers what it’s done, adjusts to goals over time |
| 🧭 Planning | Can break a task into steps and execute a full plan |
| 🔐 Guardrails | Follows permissions, error checks, safety boundaries |
Canada’s Moment to Build
To our public knowledge, there isn't a Canadian-made version of a no-code AI agent creating agent tech yet.
We have AI talent. We have deep research hubs. We have strong values on privacy, inclusion, and transparency.
See: National Plan to Unlock Growth and Innovation
But we’re not building the all the AI platforms just yet so it's a gap and a huge opportunity.
Imagine a no-code AI agent system that:
- Works in English and French
- Respects our privacy laws
- Connects directly to Government Services, CRA, FINTRAC, banking APIs
- Helps startups, credit unions, and fintechs automate securely
- Includes embedded audit trails and ESG metrics
Someone has to build it, because if we don't our ecosystem will be powered by someone else's tools, running on someone else's rules. It can work seamlessly within Canada's AI infrastructure and ecosystem and help power Canada's future.
Final thought
Right now, that future is being typed into a prompt box and generating outputs and productivity in real time. Canada’s fintech innovators have a big opportunity to build something truly ours. Let's not miss this one!
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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