FinTech experts to discuss the state of competition and innovation

News Release

Start-ups, banks, regulators and competition authorities invited to share insights at workshop

January 16, 2017 — OTTAWA, ON — Competition Bureau

The Competition Bureau’s study of technology-driven innovation in financial services (FinTech) will gather momentum in February when key players with an interest in the state of competition in this emerging business sector come together.

During the workshop, the FinTech community — including Canadian start‑ups, banks, provincial and federal regulators, and international experts — will be asked to examine the connections between competition, innovation and regulation, as they plan for the future.

A key question to be addressed is whether Canada offers a competitive environment where FinTech innovation can flourish.

Participants will discuss the changing face of the financial services industry; risks that should be identified and mitigated by regulation; and international best practices in bringing FinTech innovation to market.

An agenda for the workshop is now available on the Bureau’s website. A summary of the key themes from the FinTech Market Study to date will be made available prior to the workshop and speakers will be announced via social media over the coming weeks.

Quick Facts

  • Follow the Bureau's Twitter account (@CompBureau) and the hashtag #FinTechCan for real‑time updates, including discussion highlights on the day of the workshop.
  • The workshop will be held on February 21 in Ottawa. Participants who are not able to attend in person will be able to participate remotely via webcast.
  • Details on how to connect via webcast will be posted on the Bureau’s FinTech portal in early 2017.
  • Results from the workshop will inform the Bureau's FinTech Market Study.

Quotes

"The FinTech workshop will provide a forum for regulators, start‑ups, banks and international experts to take stock of the technology‑based changes that can be seen in Canada’s financial services industry. Together, we will examine how to nurture an environment that allows Canada’s FinTech companies to innovate, grow and compete globally."

John Pecman
Commissioner of Competition

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The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.


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