A Practical Approach to Fintech Regulation & Financial Stability in Canada
Fintechs can bring about economic growth through improved and cost-efficient product/service offerings. Canada is recognised as arguably the strongest financial system in the world with commendable financial stability. Nonetheless, regulation/policy seems to consciously or otherwise stand in the way of increased fintech adoption. How then can financial regulation be adapted for significant fintech adoption without jeopardising Canada's financial stability so that fintechs can graduate from being just incumbent's backend-appendages to competing on a level-playing field with incumbents?