Sibos, an international business forum for the global financial community that brings together financial leaders from around the world to network, collaborate and address issues and changes impacting the industry is returning to Toronto.
Organized by SWIFT, this year's conference, which runs from Oct.16-19, titled Building for the Future, will examine the industry's biggest issues including cybersecurity, artificial intelligence (AI), the impact of geopolitical and regulatory shifts, data and identity, and fintech.
The Toronto Financial Services Alliance (TFSA), along with its federal and regional partners, are supporting Sibos through events and activities such as the Canadian Fintech Corner and a B2B platform, the TFSA announced on Thursday.
Ontario is currently the second largest IT cluster in North America, followed by the Toronto region as the third largest, says the TFSA's announcement. The region is also a key hub for AI, blockchain and cybersecurity innovation.
According to a 2016 Deloitte report commissioned by the TFSA, Canada is the fourth most active country for innovation development and cybersecurity deals, behind Israel, the United States and the United Kingdom.
"Toronto is a rapidly growing fintech hub with a strong financial sector, over 140 fintech firms and a deep talent pool, which together makes it a vibrant ecosystem where financial technology and financial services intersect," says Jennifer Reynolds, the TFSA's new president and CEO, in a statement. "The TFSA is excited to support Sibos at this year's conference through the recruiting of 32 companies for the Canadian Fintech Corner along with a number of other activities."