Keyword
fintech
Ontario Securities Commission, U.K. regulator sign co-operation agreement on fintech businesses
February 23, 2017 by Canadian UnderwriterThe Ontario Securities Commission (OSC) and the United Kingdom’s Financial Conduct Authority (FCA) have signed a new agreement under which fintech businesses in both jurisdictions will be able to seek support from their financial regulators as they look to operate…
Confront risks of financial technologies to reap benefits: FINTRAC
February 22, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The head of Canada’s financial intelligence unit warns that regulators must grapple with the challenges of emerging financial technologies, some of which he says have been exploited by terrorism and organized crime. But while it’s necessary to safeguard…
Risk and Disruption
January 2, 2017 Angela Stelmakowich, Editor; and Jason Contant, Online EditorThe threat of extortion-driven cyber attacks is “a massive issue now” for insurance companies, while insurers’ own risk and solvency assessments have been “quite well done,” speakers told attendees of KPMG’s recent insurance issues conference.
Insurtech platform revenues to approach US$235 billion by 2021, driven by machine learning and blockchain adoption: report
December 13, 2016 by Canadian UnderwriterFintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said…
Insurance undergoing “a fundamental structural change”: KPMG speaker
December 8, 2016 by Angela StelmakowichThe insurance industry is undergoing structural change with the emergence of platform-based business models and insurers need to ready themselves to be able to take part, Matthew Smith, insurance co-lead for the Global Strategy Group at KPMG, suggested during the…
Continued consolidation in Canadian broker and carrier spaces could create absence of mid-sized players: KPMG conference speaker
December 7, 2016 Jason Contant, Online EditorThe continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an…
Capgemini launches global fintech initiative
November 17, 2016 by Canadian UnderwriterCapgemini has announced that it is launching a global fintech initiative “to fast track fintech engagements with its global financial services clients.” Capgemini – a provider of consulting, technology and outsourcing services – announced the initiative on Wednesday, saying in…
Ontario Securities Commission and Australian financial regulator sign fintech agreement
November 4, 2016 by Canadian UnderwriterThe Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial…
Canada fourth largest cyber security hub in world, Ontario has potential to assume leading role
October 19, 2016 by Canadian UnderwriterMore investment and co-ordination is needed if Ontario – which offers strengths in financial services and technology – is to realize its potential to assume a more dominant leadership role in cyber security, notes a new report issued Thursday. Commissioned…
Quebec’s financial services regulator creates fintech working group
June 16, 2016 by Canadian UnderwriterThe Autorité des marchés financiers (AMF), Quebec’s financial services regulator, has announced the creation of a financial technology (fintech) working group whose primary mandate is to analyze technological innovations in the sector and anticipate regulatory and consumer protection issues. “The…
Disruption in financial services demands executives are able to identify imminent threats, opportunities
June 7, 2016 by Canadian UnderwriterChief information officers (CIOs) and other executives in financial services must be able to identify the imminent threats and opportunities that will be affecting their operating model, human capital approach, ability to innovate and ability to execute, notes a new…
No ‘plague’ of data breaches and solvency issues, fintech industry CEOs say
April 6, 2016 Alexandra Posadzki - THE CANADIAN PRESSTORONTO – There is no “plague” of data breaches and solvency issues affecting financial technology upstarts, contrary to what TD Bank’s CEO says, the heads of several companies in the so-called fintech sector said Monday. The industry insiders were responding…