Québec regulator and oversight body, the Autorité des marchés financiers (AMF) has appointed Moad Fahmi to the new position of director of fintech and innovation, charged with leading the organization’s Fintech Working Group.
The AMF’s Fintech Working Group includes six major technology projects: blockchain technology; mobile payment solutions and virtual currencies; fundraising platforms; automated insurance and investment tools; regulatory technology (regtech); and big data and connected devices. In the newly-created role, Fahmi will coordinate these and other AMF projects, as well as chairing the Technological Innovation Advisory Committee.
“This new function will foster the collaboration that is essential to developing Québec’s fintech ecosystem,” said Louis Morisset, AMF president and CEO. “It is good news for our Fintech Working Group, the industry and the academic research milieu.”
The AMF is one of a number of regulators stepping up their fintech initiatives in order to both foster greater technology innovation in the financial markets and to stay abreast of new developments for regulatory oversight. In April this year, the AMF established a new fintech lab, designed to foster new technology development and contribute to the operations of the Canadian Securities Administrators’ regulatory sandbox program.
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