Former Blue Cross Life Canada CEO: Regulatory Oversight Coming for Fintechs
Jim Gilligan, the recently retired president and CEO at Blue Cross Life Canada, spoke at a WatersTechnology conference about the challenges large firms face while innovating.
No matter how efficient a large firm is, it's tough to compete with a small tech firm that can quickly pivot to meet new customer desires. In addition to being so lean, most fintechs don't have compliance burdens financial firms must deal with on a consistent basis.
That might be changing though, according to Jim Gilligan, the recently retired president and CEO at Blue Cross Life Canada.
Gilligan, who sat on a panel at the Toronto Financial Information and Technology Summit 2016, said fintechs
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