As part of its efforts to keep up with the fast developing financial technology (fintech) sector, the Autorité des marchés financiers (AMF) has joined the Montreal-based Institute for Data Valorisation (IVADO), the Quebec regulator announced on Monday.

Founded by Université de Montréal, HEC Montréal, and Polytechnique Montréal, the IVADO brings together industry and academics to develop their expertise in data science and artificial intelligence (AI).

“Joining the IVADO is very much in keeping with the orientations and objectives of our 2017-2020 strategic plan to deepen our understanding of technological innovations applied to the world of finance and strengthen our role as a local regulator in the fintech ecosystem,” says Louis Morisset, president and CEO of the AMF, in a news release.

“Given the critical role that data science and artificial intelligence play in the evolution of the financial sector, we are delighted that the IVADO will be contributing to the work we are doing in our Fintech Lab,” Morisset adds

Created last spring, the Fintech Lab aims to explore the possible use of new technologies in the financial sector and regulatory activities. As a member of the IVADO, the AMF will have access to training and leading-edge expertise to optimally define, structure and execute lab projects.