Canada    FinTech Guide    Chapter 14    Canada

14. RegTech
Canada  Canada

At this time there has not been a lot written about RegTech in Canada. That said, with the ever shifting regulatory landscape (particularly as it pertains to financial services and Fintech) we see this as being a growing market with opportunity.

Legal Affairs

Currently there are no special licensing requirements for regtech providers.

Economic Conditions

We are not aware of any data regarding the overall size of the regtech market in Canada. However, there are several players active in the field including Investorcom, a company headquartered in Toronto whose sales grew 33% in the fiscal year ended October 31, 2016, Trulioo, a leading global identity verification service based out of Vancouver, and APrivacy, a digital privacy security provider based out of Waterloo.

Contributing Authors

Miller Thomson LLP

Nora F. Osbaldeston
Toronto, Canada

Shibley Righton LLP

William L Northcote
Toronto, Canada

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Chapter Index:

1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 August 2019