Open Banking: What's Next for Canada?
A presentation and panel discussion on recent global trends in Open Banking, including the opportunities and challenges faced by other jurisdictions.… Read more
Seizing the Opportunity: Building the Toronto Region into a Global Fintech Leader – Update 2019
Toronto’s Fintech ecosystem has continued to grow in recent years and has a significant opportunity to increase its share of global deals, according to a new… Read more
Seneca Partners with Toronto Finance International to Launch New Cybersecurity and Threat Management Program
To help address the increasing demand for cybersecurity talent in Canada, Seneca in partnership with Toronto Finance International (TFI), today announced the… Read more
TFI FinTech Strategy
Technology and innovation is rapidly changing the landscape in the financial services sector and the Toronto Financial Centre is uniquely positioned to capitalize on the opportunity. Toronto the 2nd largest financial centre in North America and sits in the 3rd largest technology cluster on the continent. The depth and quality of our financial and technology expertise provides a competitive advantage for our financial centre and the sector more broadly. TFI works with the financial services sector, government and academia on collective initiatives and actions which drive innovation in the financial services industry and establish the Toronto Financial Centre as a leading hub for FinTech business.
TFI publishes major research papers on emerging trends and the current state of FinTech in Toronto/Canada including:
- Seizing the Opportunity: Building the Toronto Region into a Global FinTech Leader (Update 2019)
- Seizing the Opportunity: Building the Toronto Region into a Global FinTech Leader (2017)
- Trends and Innovations in Financial Services (2017)
- Cybersecurity Innovation & the Financial Services Industry in Ontario (2016)
Accelerating the Growth of Cybersecurity Companies in Ontario
The Cybersecurity Fintech Innovation Pilot Program (CFIPP) is a one-year, $7.8-million initiative funded by the Ministry of Research, Innovation and Science (MRIS) and delivered by Ontario Centres of Excellence (OCE) in collaboration with the Toronto Financial Services Alliance (TFSA).
The program accelerates the growth of cybersecurity start-up and scale-up companies in Ontario by partnering with financial institutions (FIs) seeking innovative solutions to cybersecurity challenges, and by providing them with cybersecurity talent.
Toronto Region FinTech Ecosystem
The Toronto Region* is one of the world's leading FinTech hubs, with an investment rate among the highest globally. In recent years, it has attracted significant attention from international investors, accelerators, and start-ups.
Israel-Ontario Cybersecurity Initiative
The Ontario Centres of Excellence (OCE) and the Israel Innovation Authority (IIA) launched a new, $20-million bilateral program. Both jurisdictions have committed $5M each over 5 years to support the Ontario – Israel Research Network Program-MAGNET (OIRNP-MAGNET) for a total of $10M that is matched by participating SMEs.
Cybersecurity in the financial services sector was identified as the focus area for the inaugural call for proposals. OCE and the Toronto Financial Services Alliance (TFSA) have identified Toronto-based financial institutions that have participated in this initiative.