As financial institutions turn to technology to improve their
processes and reduce costs, financial technology or
"fintech" companies have entered the marketplace to
compete with these institutions.
Using technology to deliver financial services, fintechs are
most active in the areas of lending, wealth management, data
aggregation, credit reporting and point of sale. Typically
performed online, fintech transactions are paperless and
Given their unprecedented growth in Canada, fintech companies
need to ensure that they're fully compliant with all applicable
Canadian laws and regulations in order to reduce their risk —
and avoid the significant consequences of getting it
There is no comprehensive Canadian legislation governing the
operation of fintechs. With industry-leading practices in both
financial services and technology, Gowling WLG is ideally placed to
guide fintech participants through this emerging legal area. We can
keep you up-to-date on regulatory compliance and help you
understand the various provincial and federal rules and regulations
that may apply to your business.
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