The global pandemic has left no aspect of life untouched, and FinTech investing is no exception. Jan Arp, founding managing partner at Montreal-based Holt Accelerator, the leading early stage FinTech investor in Canada, told Dominic Hobson, co-founder of Future of Finance, that although the pandemic has reduced appetite for early-stage risk, investors have not lost their enthusiasm for the sector. The health crisis is accelerating the digitisation of financial services, and interest in fraud-busting cyber-security technologies that can protect financial institutions from compliance risk as well as crime. Interest in start-ups aiming to transform insurance is also rising. But Canadian FinTechs would like to see the local Open Banking initiative regain momentum.
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