This City Created More Tech Jobs Than the San Francisco Bay Area, Seattle, and Washington, D.C., Combined
Toronto’s tech scene is so hot the city created more jobs than the San Francisco Bay area, Seattle, and Washington, D.C., combined last year, while leapfrogging New York in a ranking of “talent markets.”
Toronto has never seen momentum like it’s experiencing right now. In September alone, the city drew over $1.4 billion in investment from U.S. and Canadian companies, ranging from global tech giants to local startups.
If the long-predicted cashless society ever materialises it will be unlikely to cause material system-wide problems, according to a Bank of Canada paper, which nevertheless warns that options such as central bank digital currencies might be needed to tackle operational reliability and contestability issues
National Bank of Canada has teamed up with tech giant CGI to pilot a blockchain platform for negotiating standby letters of credit and guarantees.
Firstly, why are we now talking about RegTech?
The focus of the financial sector over the past few years has been on FinTech, applying technology to finance to provide new innovative products and services which meet the needs of an ever-demanding digital savvy customer base. FinTech has seen huge interest and investment - global investment in FinTech companies totalled US$19.1 billion in 2015, with US$13.8 billion invested into VC-backed FinTech companies, a 106 percent jump compared to 2014, and a record year for VC-backed FinTech investment.