Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. Originally, the term applied to technology applied to the back-end of established consumer and trade financial institutions. Since the end of the first decade of the 21st century, the term has expanded to include any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment and even crypto-currencies like bitcoin.
OSC LaunchPad engages with fintech businesses, assists them in navigating the requirements and strives to keep regulation in step with digital innovation.
In short, LaunchPad help fintechs avoid costly regulatory surprises and accelerate time-to-market, alla while fulfilling their mandate to provide protections to investors and promote confidence in our markets.
The team engages with fintechs, provides them with guidance and flexibility in navigating the requirements and works to keep securities regulation in step with digital innovation. They also work to ensure that investor protections are addressed in a way that makes sense for this evolving landscape.
December 11, 2017 – Over the past several months, interest in cryptocurrencies has increased significantly. The Investor Office commissioned a small online survey of Ontarians age 18 and over, carried out in November 2017, as a first step towards learning more about which segments of the Ontario public are purchasing cryptocurrencies, how Ontarians perceive the risks of cryptocurrencies, and some of the reasons why Ontarians either are or are not purchasing cryptocurrencies.