AMF Fintech Group
The AMF Fintech Group is dedicated to monitoring fintech innovations, contributing to work aimed at maintaining a Québec regulatory framework adapted to market realities, and helping innovative firms comply with the laws administered by the AMF.
Created in 2016, today’s group is composed of some 60 employees from the AMF’s various business areas. Its work currently focuses on six major projects:
- blockchain technology
- cryptocurrencies and mobile payment solutions
- fundraising platforms
- big data and connected devices
- automated tools
The AMF plays its role as a local regulator in the fintech ecosystem by:
- Participating in key fintech events as a speaker, panelist or exhibitor
- Supporting innovative firms
- Providing ongoing legislative guidance on its website
- Holding discussions with its Technological Innovation Advisory Committee to identify trends and issues related to technological innovation in Québec’s financial sector
- Exploring new technologies in its fintech lab
- Partnering with other regulators at the national and international levels
Are you working on an innovative project in the financial sector?
If you would like to talk about it with the AMF, we would be pleased to meet with you and answer your questions. For an appointment or additional information, contact us at email@example.com.
To fully carry out its regulatory role in a digital environment, the AMF created a fintech lab to help further its knowledge of new technologies.
Prototype testing and development in the fintech lab allow the AMF to not only better understand the new technologies used by the industry, but also identify cases where those technologies could be applied by the AMF for its own activities.
The fintech lab’s accomplishments include simulating the creation of a cryptocurrency in order to experiment with the technology behind the initial cryptocurrency offerings and developing various machine learning- and natural language processing-based prototypes enabling the AMF to optimize market surveillance.
The AMF’s work on the application of machine learning techniques is cited on page 21 of the Financial Stability Board report: Artificial intelligence and machine learning in financial services This link will open in a new window.
The AMF also contributed to the World Economic Forum report on artificial intelligence: The New Physics of Financial Services – How artificial intelligence is transforming the financial ecosystem This link will open in a new window.
Are you enrolled in a finance or technology program at the master’s or PhD level? Do you have a passion for artificial intelligence or data analytics?
You could qualify for a paid full-time internship of four months or more at the AMF fintech lab.
For more information or to apply, contact us at firstname.lastname@example.org
Technological innovation advisory committee
The AMF’s Technological Innovation Advisory Committee (TIAC) is an open discussion forum providing insight into fintech innovations and related market efficiency and consumer protection issues in Québec’s financial sector.
The TIAC is composed of outside members drawn from various areas and professions, as well as AMF Fintech Group representatives.
The TIAC meets four to six times a year at the AMF’s offices in Montréal.
Roles and responsibilities of outside members:
- Help identify and analyze trends and issues related to technological innovation in Québec’s financial sector
- Comment on initiatives and projects put forward by the AMF or other regulatory authorities
If you’re interested in joining the TIAC and want to apply during the next call for candidates, contact us at email@example.com.