February 27, 2017
As more industries look to capitalize on mobile platforms, and as smartphones and tablets increasingly become the “first screen” for customers, mobile apps will continue to play an integral role in connecting businesses with their customers, whether through the marketing of products and services, facilitating transactions and communications or enhancing customer engagement. To get a sense of the popularity of…
January 26, 2017
There have been many articles, papers, books, seminars, roundtables and conferences around the potential for blockchain and distributed ledger technology (DLT), and announcing trials or tests of new applications for blockchain technologies, especially in the financial services industry. Regulators, recognizing the potential for these applications (as one put it in a metaphor from an older revolutionary technology) to pick up…
January 24, 2017
On January 19, 2017, the Canadian Securities Administrators (CSA) published Staff Notice 51-347 Disclosure of cyber security risks and incidents (Staff Notice), which reports on their broad-ranging review of the filings of the 240 constituent issuers in the S&P/TSX Composite Index concerning their disclosure of cybersecurity issues. The review focused on how cybersecurity issues have been addressed in risk factor…
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…
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….
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…
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…
September 6, 2016
The simplest way to understand blockchain is to think of it as a vast digital ledger (or database) of transactions or information that is shared among millions of computers, or other devices connected to the Internet.
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…
March 16, 2016
This video is an introduction to the Internet of Things and provides some insight on the legal aspects related to the use of this emerging technology.