FinTech as a driver for growth in Canada: Kevin Lynch скачать в хорошем качестве

FinTech as a driver for growth in Canada: Kevin Lynch

Kevin Lynch, Vice Chair, BMO Financial Group Following his opening keynote address at the Bureau’s FinTech workshop (“driving competition and innovation in the financial services sector”) in February 2017; the Honourable Kevin Lynch, former Clerk of the Privy Council, Government of Canada - now Vice Chair of BMO Financial Group – shared his insights on why FinTech is important as a driver for growth in the Canadian economy. For more information, please visit the Bureau's FinTech portal: http://www.competitionbureau.gc.ca/ei... And follow the Bureau's Twitter account (@CompBureau) and the hashtag #FinTechCan for updates. Cette vidéo est aussi offerte avec des sous-titres en français :    • Les technologies financières comme moteur ...   ----- Transcript We are at time where there is incredible transformation in technologies and business models,: that’s innovation. Part of that is in the financial services: that’s FinTech. It’s just as important to be innovative in financial services as it is in manufacturing, as it is in the search engine that you use. And Canada - which has a very strong financial services sector, I think - can be equally strong in FinTech, which is the evolution of a more traditional financial service provision. One of our challenges in Canada - and I think it’s true in FinTech as well - is that we are very good at starting companies up. We do, per capita, just as well as the United States. What we don’t do is scale up, and create global champions in the new space. So the challenge in FinTech is not starting new companies but actually taking them to global scale and global success. I think the key for all of us looking at FinTech is: how can Canada be a leader? We’ve done very well in the financial services sector. We have a very strong regulatory system and we avoided the worst of the financial crisis. Now we’re looking at building global opportunities, and how do we become a world leader in FinTech. That’s an issue for regulators and it’s a question for FinTech startups. But it is an opportunity for Canada to win globally.