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Closing the gap

Encouraging fintech innovation in Canada

As fintech grows and becomes a priority for consumers, regulators are faced with a new set of challenges.

As fintech grows and becomes a priority for consumers, regulators are faced with a new set of challenges. New business models and their impacts on consumers. Ensuring systemic stability and consumer protection while maintaining a level playing field. The list goes on.

In the global fintech market, meanwhile, Canada is a laggard: both deal volume and value are consistently outpaced by other developed nations. With identifiable gaps in their approach, then, what can regulators do to develop a framework that will foster innovation in Canadian fintech?

Our latest report, Closing the gap: Encouraging fintech innovation in Canada, gets to the heart of this matter, highlighting the steps we believe Canadian leaders should take to build a fintech hub for the country.

It will take courage, but now—while it’s still possible not only to catch up with the rest of the world but also to chart a leading course—is the time to act and make an impact that matters in the long run.

Contacts:

Christine Robson

Jay McMahan

Will Cornelissen

John Hutson

Paul Macmillan

Rob Galaski

 

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