Canadian Fintech Realm Poised to Flourish Following TMX Backing

Decentral, a Canadian foremost hub for disruptive technology, has opened up its doors to incoming professionals to enlist in Accelerate Finance, an organization dedicated to transforming Canada into a global hub across both finance and fintech innovation.

The role of fintech has clearly taken a front seat in Canada, and North America in general, over the past few years. With disruptive technology on the rise across the financial services industry as well as markets worldwide, the onus on such innovation has never been more critical. Canada has been making strides in this space, with ambitions to bolster its fintech infrastructure moving forward in a bid to entice additional investment and technology.

This goes hand in hand with Accelerate Finance’s goal, which is to collaboratively build out Canada’s finance and fintech capabilities, helping the country’s fintech ecosystem blossom. Moreover, Accelerate Finance has already worked to spearhead this movement, whilst finding new and disruptive solutions for finance by supporting collaboration between startups and established financial institutions.

Key Backing

One of the core sponsors of Accelerate Finance is TMX Group, a paramount player in the Canadian financial realm and exchange operator. With its mantle of companies consisting of such household names as Toronto Stock Exchange, CDS, and Montreal Exchange, TMX Group certainly lends name recognition, legitimacy, and a strong foundation for the project itself.

“We are very focused on ensuring that we are an innovative TMX in a Canada that is a global leader in innovation. This initiative will help drive that idea,” reiterated Jean R. Desgagné, President and CEO, Global Enterprise Services at TMX in a recent statement on the initiative.

Innovation in Focus

Accelerate Finance members is already slated to include a plethora of representatives from key institutions, startups, and incubators, underscoring a broad variance of the finance and fintech industries – easily one of the most diversified compositions. Among the areas in focus, Accelerate Finance will be keying in on innovations in banking and insurance, compliance and settlement, digital currencies and mobile transactions, peer-to-peer lending (P2P), social investing and equity crowdfunding, micropayments, digital wallets, and identity and authentication management, among others.

According to Anthony Di Iorio, Chief Executive Officer (CEO) of Decentral, in a recent statement on the project: “Decentral stands at the intersection of disruptive technology, fintech, and finance. Our consultancy work with startups, enterprise clients and banks means we understand how to find common ground and foster meaningful collaboration. We are pleased to apply our expertise on the national stage with Accelerate Finance.”

(Photo: FortuneZ)

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