Motion Media wall concept smart TV
Motion Media wall concept smart TV
Motion Media wall concept smart TV

McMillan Team Co-Authors Comprehensive Fintech Report

News May 15, 2017

The Toronto Financial Services Alliance (TFSA) has released a major new report — co-authored by teams from McMillan LLP and Accenture – analyzing and evaluating the financial technology or “fintech”  ecosystem in the Toronto-Kitchener-Waterloo corridor.

Entitled Seizing the Opportunity: Building the Toronto Region into a Global Fintech Leader, the report concludes that strengthening the fintech ecosystem across the Toronto region will be critical to maintaining and growing the region’s international market position.

Prepared by a McMillan team led by Robert Scavone of our Financial Services Group, the extensive legal and regulatory sections of the report highlight the need for regulatory reform to foster the growth of fintech companies, support innovation within traditional financial institutions, attract foreign investment and adapt to the changing marketplace.

“Canada’s financial institutions are known around the world for their safety and stability, due in no small part to regulation,” Mr. Scavone said.  “But the regulatory framework for fintechs is also fragmented and confusing and sometimes too restrictive. It can discourage startups from setting up shop here and make it more difficult for traditional financial institutions to innovate.We need to follow the example of fintech centres in the U.K., Australia, Singapore and Hong Kong  in making regulation more fintech friendly.”

 

The report was launched on Monday, May 15.


Related News

News

Nine McMillan Lawyers Recognized in Lexpert’s 2022 Special Edition on Canada’s Leading Litigation Lawyers

We are pleased to announce that nine of the firm’s lawyers are recognized for exceptional expertise in the 2022 Lexpert Special Edition on Canada’s Leading Litigation Lawyers.

News Nov 23, 2022
Read More
News

McMillan’s Copyright Win for Music Streaming Client Selected as a Top 10 Judgment by Lexpert

We are delighted to have a case of significance featured in Lexpert’s Top 10 Business Decisions of 2021-2022.

News Nov 23, 2022
Read More
News

Celebrating Excellence: Joshua Krane and Sandra Zhao Are Winners of Lexpert’s 2022 Rising Stars Awards: Leading Lawyers Under 40

We are delighted to announce that two McMillan partners, were selected, to join a distinguished group of the legal industry’s rising stars. Joshua Krane and Sandra Zhao have been recognized as winners of Lexpert’s 2022 Rising Stars Awards: Leading Lawyers Under 40.

News Nov 23, 2022
Read More