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ARTICLE · 01 JUNE 2016

Competition Bureau Launches FinTech Market Study

Blake, Cassels & Graydon LLP
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On May 19, 2016, the Competition Bureau announced that it has launched a market study into technology led innovation in the Canadian financial services industry...

CanadaAntitrust/Competition Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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On May 19, 2016, the Competition Bureau (Bureau) announced that it has launched a market study into technology led innovation in the Canadian financial services industry (FinTech); FinTech was identified as a subject matter of interest at the Bureau's workshop on emerging competition issues held in January 2016.

The study raises important considerations not only for FinTech companies, but for the financial services industry broadly. Focusing on interactions between consumers and small and medium-sized businesses and financial services, the study will consider innovations in peer-to-peer banking, mobile wallets and payments, crowd-funding and online-based financial advisory services. While the market study's scope is subject to change, the Bureau does not intend to consider the implications of blockchain technology for the financial services sector, nor will it consider an extensive list of other topics, including currencies and crypto-currencies such as Bitcoin,

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