The development of technology capability has long been a priority for the Canadian government, with Canada being a clear leader in artificial intelligence and cyber-security. Canada has a long history of stable financial regulation, being virtually unaffected by the 2008 financial crisis.
There can be no getting away from the fact the United States is by far the biggest market for RegTech products and services in the world. Easy access to clients, venture capital, and entrepreneurial-focus, the United States can be very attractive for all technology businesses.
London is the second largest financial centre in the world, second only to New York City, and therefore represents a great opportunity for anyone offering services to the regulated financial sector. The UK has long been the market of choice for RegTech firms wanting to expand.