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Self-driving finance may change how we do business

York Region hosts the 2018 FinTech Summit

Speaker at FinTech Summit

Soon, the days of entering your local financial institution and speaking to a bank teller will be gone. New evolutions and innovations in finance are changing the way we do everyday banking.

On Thursday, November 8, The Regional Municipality of York hosted The 2018 FinTech Summit. The summit highlighted the increasing need for insights into automated money management.

Home to the second-largest Financial, Insurance and Accounting Services cluster in Ontario, York Region brings together businesses and industry experts to business opportunity.

Keynote speaker, Denizhan Uykur highlighted some recent insights from his report published by the World Economic Forum.

He says, we are living in an age where increasing levels of assistance from  Artificial intelligence (AI) gives consumers a better understanding of their financial profile while also raising challenging questions around privacy and security.

Innovative FinTech companies are located throughout the Greater Toronto Area with a significant number in York Region.

These firms employ thousands of highly skilled people who are developing new technologies, processes, products and business models to benefit global businesses and consumers.

FinTech allows for people to manage their money anytime, anywhere, any way. It brings an era of a new customer experience, the idea of self—driving finance.

The idea of Self-driving finance, the next revolutionary way we handle our financesis the way of the future. This means you’ll have an alert to tell you the best time to refinance your mortgage, your student loan or when to reconsider your car loan. These new technologies that are being developed now will change the way we can do business throughout York Region.

One of the highlights of Thursday’s summit wasthe rapid fire peek into five up and coming FinTech Companies. Karen Wong, Co-Founder and CEO of TakuLabs Ltd was awarded the grand prize for a one-on-one meeting with Ryan Spinner, Head of Innovation with Aviva Canada.  Muhammad Rashid , Co-Founder and CEO of Moregidge walked away with the People’s Choice and was awarded a meeting with Bhupinder Randhawa, Partner, Bereskin & Parr LLP.

Aviva Canada is partnering with innovative start-ups through their Aviva Venture Fund and are looking for disruptive start-ups to bring new technologies to Aviva and their customers.

Learn more about how York Region supports our business community. Visit yorklink.ca for more.



York Region; FinTech Summit Soon, the days of entering your local financial institution and speaking to a bank teller will be gone. The Regional Municipality of York en-US News

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