Global FinTech Guide
Country Name
RegTech and compliance management
RegTech is composed of the words “regulatory” and “technology”. It is a collective term for the application of modern technologies, to get the increasing regulation in the banking- and financial sector under control both from an IT and a legal standpoint.


Attitude of the country towards RegTech-services

Social and political climate is positive. Regulations are welcome and needed.

Legal affairs  

Obligations and requirements to provide RegTech-services

Licensing requirements are minimal for a RegTech-service entity. RegTech-service entities must have a clear understanding of the government regulations they are advising their customers on.

Additional comments regarding the legal situation for RegTech-services or what RegTech’s must be aware of in this business area


Economic conditions

Market size for RegTech-services and biggest companies in this business area

RegTech market share is growing in Canada. There are no published reports we could locate that advise on revenues and market share. Many entities register with Canadian Regulatory Technology Association. Competitors are: MinervaAI; Katiupult Inc; Armadillo; FaceTec.

Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area




© 2022, Miller Thomson LLP; Shibley Righton LLP. All rights reserved by Miller Thomson LLP; Shibley Righton LLP as author and the owner of the copyright in this chapter. Miller Thomson LLP; Shibley Righton LLP has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

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.


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