Canada’s equipment finance sector is entering a new regulatory era. In March 2025 the federal government published final regulations amending the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) to expand it to financing and leasing entities.

In a high-interest environment, equipment finance lenders can maintain competitiveness by digitizing origination, automating pricing, streamlining documentation, and offering embedded finance solutions. These strategies drive efficiency, protect margins, and enhance customer experience.

We sat down with our very own Kezhen Gao, Director of IT, to learn what he looks for when evaluating new software partners for Constellation Financial Software, and we think you’ll find it instructive.  These are the questions you and your team should ask when selecting the right software for your business. 

We’re thrilled to share some exciting news that marks a major milestone for Constellation Financial Software: we’ve successfully completed our SOC 2 audit!