The Canadian province of Ontario has established a team of financial services and information technology experts with the goal of strengthening consumer protection and helping promote business growth and development in the FinTech sector.
Over the coming months, the experts will look to help shape a FinTech strategy that enhances Ontario's position as a global leader and promotes growth that produces jobs and investment in the province.
Ontario has a strong financial services sector, generating over $63 billion in GDP and employing more than 409,000 people. Ontario has approximately 140 FinTech companies, focused in Toronto, Waterloo and Ottawa.
Back in October 2016, the Ontario Securities Commission unveiled its LaunchPad team which looks to help FinTech businesses navigate regulatory requirements.
Brad Duguid, Ontario’s minister of economic development and growth, said: “It is essential to develop a new strategy to help Ontario’s FinTech entrepreneurs’ access quality data and resources.
“The invaluable participation of leaders in the sector will foster the environment FinTech firms need to grow and prosper in our province. We look forward to the jobs, investment and economic growth that will result from this work.”
Latest News
-
Gemini to cut quarter of workforce and exit UK, EU and Australia as crypto slump forces retrenchment
-
Bank ABC’s mobile-only ila bank migrates to core banking platform
-
Visa launches platform to accelerate small business growth in US
-
NatWest to expand Accelerator programme to 50,000 members in 2026
-
BBVA joins European stablecoin coalition
-
eToro partners with Amundi to launch equity portfolio with exposure to ‘megatrends’
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories