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#Canada ’s #CompetitionBureau conducting #marketstudy into #fintech sector

#Canada’s Competition Bureau announced Thursday the launch of a market study into the country’s financial technology sector.

The Bureau said in a press release its investigation will look into the competitive impact #fintech has on the #financialservices industry, obstacles to entry that companies face and whether there is need for regulatory reform to foster greater competition while maintaining consumer confidence in the industry.

In its Market Study Notice, the #Bureau said the scope of its research will focus on innovations that affect the way #Canadian consumers and small and medium-sized enterprises commonly encounter financial products and services, including peer-to-peer banking; e-wallets, mobile wallets and payments; crowdfunding, in particular for small and medium-sized business capital; and online-based financial advisory services (also referred to in the notice as “robo-advisors”)....

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