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ARTICLE · 14 NOVEMBER 2017

Canadian Competition Bureau Releases Fintech Report For Consultation

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On November 6, 2017, the Competition Bureau (Bureau) released a draft report on its market study into technology-led innovation in the Canadian financial services (Fintech) sector.

CanadaAntitrust/Competition Law
Ana Badour
Ana Badour
Jonathan Bitran
Jonathan Bitran
Donald Houston
Donald Houston
Michele Siu
Michele Siu
Kirsten Thompson
Kirsten Thompson
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On November 6, 2017, the Competition Bureau (Bureau) released a draft report on its market study into technology-led innovation in the Canadian financial services (Fintech) sector.[1] The Bureau has invited feedback from interested parties only until November 20, 2017, an uncharacteristically short comment period.

Financial services are an area of interest for the Bureau due to their significance to the Canadian economy and Canadian employment as well as the critical role they play in the daily lives of Canadians. While offering a variety of products and services across many financial service segments, Fintechs are typically internet-based and application-oriented, promising user-friendly, efficient consumer interfaces. The Bureau asserts that Fintech represents an opportunity to increase competition in Canada's financial services sector, which in turn could potentially lead to lower prices and increased choice and convenience for consumers and small and medium-sized

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