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Financial institutions, regulators need to be prepared for disruptions of fintech, report says

Wednesday, November 15, 2017 @ 1:23 PM | By Ian Burns

Financial service providers around the world are being disrupted by fintech, new technologies which are making to easier to borrow money and make investments. And observers are saying Canada’s regulators and financial institutions need to be prepared for the onslaught of technological change.

Anita Anand, University of Toronto Faculty of LawAccording to a survey done by accounting firm KPMG of more than 160 financial institutions in 36 countries, many institutions are lagging in implementing effective strategies to deal with emerging technologies that are disrupting traditional financial...