CANADA MAKING STRIDES TO BECOME GLOBAL LEADER IN AI

A new KPMG report looking at global FinTech activity in Q4 2017 found that AI is becoming a "pivotal technology" for FinTech innovation in Canada and the US. "Canada continues to make strides to become a global player in AI, driven by Canadian government support and the presence of strong AI innovators at several Canadian universities," the report reads. The report says that while Canada lags in FinTech adoption compared to the US, its adoption rate is still accelerating rapidly. US investors are also increasingly paying more attention to Canada because of Canada's stable economy and low exchange rate. The report also noted the strong government support for FinTech in Canada, noting that blockchain-focused companies were the main benefactors of regulatory bodies' sandbox initiatives to work with startups.