Canadian regulator says open data essential to fintech


  • TECH
  • Tuesday, 07 Mar 2017

Innovating processes: The search is on for financial technology solutions to old problems such as regulatory processes, identity authentication, and transparency.

TORONTO: Canada's largest, most influential securities regulator said open access to data is essential to developing financial tech solutions using innovative technology such as blockchain, in a white paper published on Monday.

The Ontario Securities Commission (OSC) paper was the product of a "hackathon" it hosted in November aimed at finding new financial technology solutions to old problems such as regulatory processes, identity authentication, and transparency.

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