On May 19, 2016, the Competition Bureau of Canada (the
Bureau) launched a market study FinTech in Canada.
The Bureau enforces and administers the Competition Act
(Canada) and as part of its mandate participates in activities to
promote a competitive marketplace.
The purpose of the study, as described by the Bureau, is to
advise and guide financial sector regulators and other relevant
authorities on how to ensure that regulation does not unnecessarily
impede competition in the sector.
According to the press release issued by the Bureau, the study
will focus on how innovation is affecting the way consumers and
businesses use financial products and services. The study will
explore the competitive impact that FinTech is having on the
industry, barriers to entry faced by companies, and whether there
is a need for regulatory reform to promote greater competition
while maintaining consumer confidence in the FinTech sector. The
study will examine peer-to-peer banking,
