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ARTICLE · 15 JUNE 2016

Competition Bureau To Study FinTech Market

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The Competition Bureau (the Bureau) launched a market study on May 19, 2016, that will examine the competitive landscape for technology-led innovation and emerging services in the Canadian financial services sector.

CanadaAntitrust/Competition Law

The Competition Bureau (the Bureau) launched a market study on May 19, 2016, that will examine the competitive landscape for technology-led innovation and emerging services in the Canadian financial services sector.

As financial services providers increasingly incorporate new technologies when offering services (e.g. P2P, mobile wallet, crowd funding and "robo" advisors), the Bureau seeks to better understand the make-up of the Canadian financial technology (FinTech) industry and factors affecting its growth. A stated focus is to consider the impact of market forces and the existing regulatory regime on innovation and competition in the financial services sector.

One reason for the study is found in the Bureau's mandate to advocate the benefits of competition. In recent reviews of financial sector policy, the federal Department of Finance has often identified increased competition as a goal with anticipated public benefits. When the federal government next engages

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