ECON 3430 Study Guide - Quiz Guide: Transaction Time, Financial Technology, Root Mean Square
10 Feb 2017
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ECON 3430 Full Course Notes
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Current state of the financial technology innovation ecosystem in the toronto region (article 11: while the gta has all the necessary components for a dynamic and thriving fintech ecosystem, they are weakly linked. The consequence is that the parts do not currently add up to an effective ecosystem. Even where relationships between leading financial firms and local fintech companies exist, they tend to be located at the margins of the financial institutions" main operations, in incubators or accelerators. Furthermore, the individuals assigned by the banks to represent them in such incubators often lack the executive power to make the strategic decisions required to fully realize the potential of the relationship. The result is that canadian fintech companies developing products with the aim of becoming partners or suppliers to domestic financial institutions are at a significant disadvantage vis- -vis their american and uk competitors. Further, canadian banks are often slow to respond to opportunities to work with emerging fintech rms.
