I’ve just finished reading the Spring 2017 edition of FinTech Finance magazine.
Featuring Prime Minister Justin Trudeau on the front cover, the emphasis of this latest edition was ‘a spotlight on Canada’. And it did a fantastic job of capturing and communicating the sense of excitement amongst the country’s financial services community.
In the lead feature, Trudeau explained how inclusion, investment and innovation policies are underpinning the country’s future and driving growth.
Trudeau took office in Ottawa in 2015, and that year the financial services sector in Canada grew at five times the rate of GDP. Last year, financial technology attracted the highest level of venture capital-backed investment in nearly two decades.
This dynamic young Prime Minister is certainly accelerating growth in Canadian FinTech, but, as the article points out, it’s also fair to highlight the country’s existing digital credentials. This extends back to the birth of the first truly smart smartphone, and Canada has long been at the forefront of payments technology.
The thriving FinTech sector is also now supported by the new Financial Innovation & Technology Association of Canada. Founded by Christine Duhaime, it’s the manifestation of the enormous appetite among Canada’s FinTech community to collaborate. Its mission is to influence regulation, foster innovation and encourage investment in FinTech by supporting the native industry and also by working with other sectors overseas.
Trudeau’s vision is to create an environment in which Canada’s curious, innovative talent can realise their full global potential in an increasingly digital world.
A new arena at Sibos
This aligns well with what we’re looking to do at Sibos 2017, which will be held in Toronto this October.
A new concept for this year, the Metro Toronto Convention Centre will feature a ‘Discover’ zone, which will house a FinTech Marketplace and Theatre to provide additional networking opportunities for delegates and FinTech companies.
In addition to these initiatives, and following the success of the FinTech Corner in Geneva last year, the Canada Lounge will play host to 32 Canadian FinTech startups who will showcase their solutions in payments, securities markets, cybersecurity and RegTech.
The participating startups will also benefit from boot camps with leading FinTech advisers and on-site support from the Canadian Trade Commissioner Service.
We’re now inviting applications from Canadian startups who are keen to take part. We’d also welcome your recommendations and help with spreading the word to Canadian startups that you work with.
The selection process is competitive, and those interested can apply through Sibos.com by 31 May.