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Preparing Canada for the Fintech Tsunami

  • Feb 4, 2018
Preparing Canada for the Fintech Tsunami

As a country, you would think Canada should be well-positioned to benefit from the FinTech tsunami due to our leading financial services sector, our highly-educated workforce, our diverse and spread-out population, and our pool of talented entrepreneurs and investors. You would be wrong. Rather than leading in the development and adoption of FinTech innovations, Canada is lagging countries such as the United Kingdom, the United States, Hong Kong and Singapore who have been quicker to seize on the opportunities presented by this technological disruption. Canada is being held back by the lack of a national strategy and the absence of a FinTech champion to provide leadership in this vital sector.

In this OpEd published February 4th in the Financial Post, Prof. Michael King argues that Canada should look to the example of Australia where the government – led by their Treasurer (or Finance Minister) -- published a national strategy in March 2016 titled “Backing Australian FinTech”.

To read more, please visit: http://business.financialpost.com/entrepreneur/canada-is-woefully-unprepared-for-the-fintech-tsunami

This article can also be found in the Ivey Business Journal: https://iveybusinessjournal.com/preparing-canada-for-the-fintech-tsunami/

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