Category: Information Technology

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Moving the Goalposts: U.K. and U.S. Trends in Fintech Bank Licensing

January 9, 2017

The dominant fintech narrative for the Canadian banking industry shifted in 2016 from a new entrant versus incumbent storyline to one of collaboration, as major Canadian banks continued to partner with new technology entrants. The intent of these partnerships varies but they generally aim to expand the incumbent bank’s customer service offerings, improve its customer/user experience (or UX) or accelerate…

Mergers & Acquisitions: Trends to Watch in 2017

December 21, 2016

2016 AND LOOKING FORWARD Canadian M&A activity rose once again in 2016, surpassing a record-breaking 2015 to become the most active year in Canadian deal-making history. In terms of deal value, 2016 will be second only to the peak of 2007. The aggregate value of announced deals to date is C$399.9-billion, while announced deal volume reached an impressive 3,100 transactions….

Big Data, Big Risk? Privacy and Security Tips for Fintech Companies

September 20, 2016

Many fintech companies collect and process vast amounts of data in order to provide financial services quickly and inexpensively. Much of this data is highly sensitive personal information such as date of birth, social insurance number, bank account details, online banking credentials and credit score. The sheer volume of the information increases its sensitivity because over time a fintech company…

U.S. Clears Drones for Takeoff, Canadian Regulations Delayed Until 2017

September 15, 2016

Unmanned aerial vehicles (UAVs), commonly known as “drones”, are increasing in popularity with recreational and commercial users. Several high-profile incidents, which saw UAVs come into close proximity with commercial airliners, have prompted airport authorities to create “no drone zones”, further highlighting the need for the regulation of both UAVs and their operators. IT’S A BRAVE NEW WORLD … IN THE…

Competition Bureau Launches FinTech Market Study

May 25, 2016

On May 19, 2016, the Competition Bureau (Bureau) announced that it has launched a market study into technology led innovation in the Canadian financial services industry (FinTech); FinTech was identified as a subject matter of interest at the Bureau’s workshop on emerging competition issues held in January 2016. The study raises important considerations not only for FinTech companies, but for…

Legal Trends 2016: Cybersecurity

February 24, 2016

ONE | RISE IN PRIVACY CLASS-ACTION CERTIFICATIONS New privacy torts have recently emerged in certain Canadian jurisdictions, including intrusion upon seclusion and publicity given to private life. Intrusion upon seclusion allows a plaintiff to sue if (1) a person has intentionally or recklessly invaded his/her private affairs without justification and (2) a reasonable person would view the invasion as highly…

B.C. Government Announces Next Steps in #BCTECH Strategy to Bolster Technology Sector

January 19, 2016

The B.C. government has announced a multi-year #BCTECH Strategy to bolster the vibrant technology sector in B.C. Following the announcement of the C$100-million B.C. Tech Fund in December 2015 aimed at advancing the first strategic pillar of access to capital, the final two pillars of deepening the B.C. talent pool and easier market access were announced at the sold out…

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