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Scotiabank Digital Banking Lab


Canada is woefully unprepared for the FinTech tsunami

By Prof. Michael R. King, co-Director of the Scotiabank Digital Banking Lab at Ivey Business School
February 4, 2018

The buzz word FinTech covers a range of financial technologies that enable consumers to access financial services over their mobile phone or the internet. Through the many FinTech innovations introduced over the past five years, retail customers can take out a loan, make a payment, transfer money overseas, or invest their savings electronically. Customers enjoy a better experience at a lower cost by transacting via a simple interface that is easier to navigate than traditional brick-and-mortar businesses. And for many of these services, customers bypass traditional financial intermediaries who have profited from this activity, such as banks, mutual fund dealers, and money transfer companies.

While the FinTech wave arguably started decades ago before the term FinTech was coined, the global financial crisis turned this swell into a tsunami, as many consumers lost trust in traditional financial intermediaries. Technology, the loss of trust, and the arrival of mobile-first millennials are driving this paradigm shift in financial services.

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Published February 4, 2018, in The Financial Post at:


Guest Opinion Piece: SEC & Ethereum – Short-term Pain for Long-term Gains

by Mauricio Di Bartolomeo
August 1, 2017

If you have been exposed to capital markets and/or the Initial Coin Offering (ICO) phenomenon, you probably agree that there needs to be some basic degree of regulation or “ground rules” to protect retail investors from fraud. The Securities and Exchange Commission (SEC) published a bulletin on ICOs on July 25th, 2017, suggesting that some may be deemed securities. The price of Ether has been down since the announcement, but as the fast money runs for cover, regulation paves the way for bigger and better participants.

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Who should be Canada’s FinTech champion?

Prof. Michael R. King, co-Director, Scotiabank Digital Banking Lab at Ivey Business School, Western University
May 13, 2017

Most commentators agree Canada has many of the elements required to support a vibrant FinTech sector, notably a stable and secure financial system, a high-concentration of financial institutions, access to a large pool of talented employees, and expertise in the underlying ABCDs: artificial intelligence, blockchain, cryptography, and data science.

But a key shortcoming is the absence of a clearly defined FinTech strategy championed by the federal government.

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Published May 14, 2017, in the Globe & Mail at: