Category Archives: Fintech Services

FFCON18: VELOCITY Blockchain, Crypto, Alt Investing Conference (Mar 5-6, Toronto)

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FFCON18: VELOCITY

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Blockchain | Cryptocurrency | Alternative Investing

Join Canada's leading financial technology and funding conference

Building upon three consecutive successful Canadian Crowdfinance Summits (CCS2015-2017), the National Crowdfunding & Fintech Association of Canada (NCFA) is proud to present 2018 Fintech and Funding Conference: VELOCITY (#FFCON18), an expanded 4th Annual of Canada’s leading financial technology and funding conference. If you are a fintech investor, a company actively raising capital or key decision maker/stakeholder in technology and capital markets innovation initiatives and programs, FFCON18 is a must attend event delivering the most comprehensive thought leadership, education, networks, investment and pitching opportunities to 500+ global participants. 2018 is focused on BLOCKCHAIN, CRYPTOCURRENCY and ALTERNATIVE INVESTING and will be held on March 5-6 in downtown Toronto at the historic Design Exchange and various partner sites: The theme is all about speed, efficiency and reducing friction: VELOCITY. "VELOCITY" uncovers and celebrates the rising stars and who’s who of fintech, blockchain and alternative finance, connecting high growth entrepreneurs and startups seeking seed and growth capital with venture capitalists, retail and accredited investors and institutional asset managers. FFCON18 also attracts the industry’s thought leaders and pioneers, investors, technology and infrastructure providers, regulators, government, media and academia for an unforgettable ecosystem-building convergence in the historic Toronto Stock Exchange in the heart of downtown Toronto. The conference features 5 different streams of content, immersive learning and networking over 2 full days, including 50+ speakers, 15+ pitching companies, dozens of workshops, VIP 1x1 meetings and cocktail networking receptions.

Hosted By:

Investors

Discover new blockchain, crypto and startup/scale-up deal flow opportunities and investment strategies. Gain access to high grow start-ups and leading-edge insights.

Professionals

Lawyer, accountant, marketing specialist or tech guru? Get access to emerging early stage companies, deal flow and partners through new financial instruments to generate revenue and leads for your practice.

Companies

Network and pitch your venture to investors, customers and partners. Learn about the latest funding strategies and options.

Enterprise

Connect with leading capital markets innovators, consultants, fintech and blockchain leaders to develop an internal sandbox, rapidly iterate, test, deploy a nextgen global solution.

Fintech Leaders

Celebrate the transformation of digital finance with fintech peers and share how you are unbundling and enhancing financial services, mint your brand while fostering global opportunities.

Policy Makers

Discuss and learn how emerging digital technologies will impact the future of financial transactions and services globally and what it means for existing regulatory cultures and policies.

Platforms & Ecosystems

Gain valuable industry insight and make new connections with customers, partners, investors, entrepreneurs and innovators.

Innovators

Join 500+ investors, entrepreneurs, hackers, and industry experts to learn, network and be inspired by leading-edge content and the power of co-creation, innovation, tech and the crowd!

Early Bird before Feb 1:  GET 20% OFF!

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Europe’s banks brace for a huge overhaul that throws open the doors to their data

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CNBC | | Dec 29, 2017

Banks have long been at an advantage when it comes to data on their customers.

From current accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of.

In Europe, that could all be about to change.

On January 13, banks operating in the European Union will be forced to open up their customer data to third party firms — that is, when customers give consent.

EU lawmakers hope that the introduction of the revised Payment Services Directive (PSD2) will give non-banking firms the chance to compete with banks in the payments business and give consumers more choice over financial products and services.

See:

Britain's Competition and Markets Authority (CMA) has set out similar plans to let customers share their data with other banks and third parties. With customer consent, U.K. banks will be required to give authorized third-party firms access to current account data.

Those regulations form part of a conceptual transition known as "open banking." Under an open banking framework, proponents say, non-banking firms — from corporations as big as Amazon and IBM to start-ups — would be able create new financial products by utilizing the data of banks.

What does it mean for banks?

Banks will be required to build application programming interfaces (APIs) — sets of code that give third parties secure access to their back-end data.

Those APIs serve as channels for developers to get to the data and build their own products and services around it. Such information could serve as a tool to understand things such as customers' spending habits or credit history, and could lead to the creation of new services.

"In a world of open banking, the customer can choose a provider in each part of the value chain. And each bank has to participate in the value chain as an earners' right to be there,"

Anne Boden, co-founder and chief executive of U.K. mobile-only bank Starling, told CNBC in an interview earlier this year.

Boden added: "You can't just assume you're going to have the end-to-end value chain. Barclays and HSBC and RBS, at the moment own everything in that value chain — the app, the back-end, they sell other products. In a world where everybody earns their right, you could have the app from HSBC and the back-end from Barclays."

Some European lenders are giving early signals as to what a post-PSD2 world will look like.

Spain's BBVA, Denmark's Saxo Bank, Nordic lender Nordea and Ireland's Ulster Bank have already published open developer portals ahead of the EU legislation.

HSBC has also made early moves toward meeting the incoming rules. In October, the bank launched a beta version of an app that lets customers see all of their bank accounts — including those from competitors — on one screen.

That development — known as "account aggregation" — is set to be a key component of open banking, encouraging collaboration rather than competition.

"I am cautiously encouraged by some of the progress we are starting to see around adoption (of) open banking-style principles by both emerging and existing financial institutions generally — banks or otherwise," Iain McDougall, U.K. manager at fintech firm Stripe, told CNBC.

See:  Who’s afraid of Brexit? Here’s why Canadian fintechs are flocking to London

McDougall said that commentators heralding the end of banks are misguided. "We certainly don't see it that way," he said.

What does it mean for tech firms?

Dozens of fintech firms across Europe are set to benefit from the updated EU directive, as banks' data will let them create new products.

Several small lenders set up with the aim of competing with larger institutions are hoping to take advantage of the move toward a more open data infrastructure. U.K. firms Starling and Monzo, for instance, are want to make banking more like a "marketplace," by connecting consumers with a number of products and services — including those from other providers — within their apps.

"Where we're going longer term is in marketplace banking, where we're trying to build Monzo into a control center, into a dashboard, a marketplace," Tom Blomfield, co-founder and chief executive of Monzo, told CNBC.

"So we do the day-to-day money management, but say for example you want a mortgage, that's not something we would provide," he said, "so actually we'll offer mortgages from other banks on our platform."

Another fintech company, MarketInvoice, has completely shifted its business model, changing from a digital invoice service into a lender on the back of the EU regulation. Its CEO and co-founder Anil Stocker said PSD2 would let it access data on small businesses and use tech advances like artificial intelligence to enhance credit ratings.

"I think the banks are starting to realize that this world they've had guarded around customer data for so long, now it's starting to open up," Stocker said in an interview at the time.

"Once you get into an open banking world, when you don't actually have to be a bank and you can manage a big balance sheet and have all the regulation that goes with it, it changes the game." -Antony Jenkins, founder and CEO of 10x Future Technologies

Some believe that tech giants such as Facebook, Amazon and IBM could be primed to disrupt banking, especially once lenders are forced to open their data vaults to tech firms.

Antony Jenkins, who served as the CEO of Barclays from 2012 until 2015, said it was uncertain as to whether a tech giant or small fintech firm was more likely to benefit the most from open banking.

"I think it's highly unpredictable," Jenkins said. "What is certain is there is going to be disruption."

See:  Why the bank referral scheme gives SME lending a much needed shake-up

Jenkins, who is now the founder and CEO of fintech start-up 10x Future Technologies, said that data junkies will be the biggest beneficiaries.

"All financial services products are just data. So companies that are very good at managing data are advantaged in this space. I would also say that once you get into an open banking world, when you don't actually have to be a bank and you can manage a big balance sheet and have all the regulation that goes with it, it changes the game."

He added: "That disruption could come from a fintech company, it could come from a tech company with really good customer relationships and a really good understanding of how to manage data."

Hurdles

Some worry that banks will be slow to respond, and that some will be reluctant to comply.

"Implementing open banking and making this happen is not something overnight. It's a tough journey for everybody," Starling's Boden said.

Indeed, the transition toward PSD2 has not been without friction.

In May, several fintech firms and lobbyists moved to fend off plans by the European Banking Authority to water down its open banking rules by banning a technique known as "screen scraping" — essentially copying data from one interface over to another.

"We saw the big banks suing start-ups like ours, trying to block them by any means." -Daniel Kjellen, founder and CEO of Tink


The National Crowdfunding Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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Katipult CEO Brock Murray Discusses How to Use Crowdfunding Software to Market Reg. A+ Offerings on the “Reg.A Money Show”

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NB Herard | By:  | Dec 17, 2017

The Regulation A+ equity crowdfunding industry is starting to see groundbreaking software in use to run crowdfunding platforms and portals. Katipult is one such firm offering private label software services to Reg.A+ issuers allowing them to brand Regulation A offerings on their own website domain.

Las Vegas, NV, December 17, 2017 — The Reg.A Funding Group announced today that they have published their latest “Reg.A+ Money Show” radio podcast in which Katipult CEO Brock Murray discussed how to use crowdfunding software to market and better brand Regulation A+ offerings.

Marketing and branding are two crucial pieces of what makes a Regulation A+ offering successful. On this podcast episode, the “Reg.A Money Show” interviewed Brock Murray from Katipult to get his take on how software is transforming the industry and how his private label software company can help Reg.A+ issuers enhance their brand even further by developing their very own “Crowdfunding Portal” hosted directly on their website domains. Cloud-based software infrastructure now allows firms to design, setup, and operate an investment platform across multiple distribution channels including web, mobile, and social media – and brand it totally their own.

Besides being syndicated on the iHeartRadio Network, you can access the radio podcast here:

Said “Reg.A Money Show” co-host Ron Costa, “Just as software has touched basically every industry on the planet, now we’re seeing groundbreaking cloud-based software like Katipult in use in the Reg.A+ space to run crowdfunding platforms and portals. Reg.A+ will be all the better as a result.”

See: 

Canadian Fintech Katipult Becomes Public Company, Trades on TSXV under Ticker FUND

Fineqia Partners with JOI Media's Katipult for Technology Platform

About Katipult:
Katipult is a financial technology company that offers proprietary Crowdfunding Software that boasts the latest, powerful features and tools to launch a successful Real Estate or Equity Crowdfunding platform. Their software is being used in over 20 unique regulatory environments to grow investor networks, efficiently manage investors, and streamline deal flow administration. More information is available at www.katipult.com.

 

About The Reg.A Money Show
The “Reg.A Money Show” provides information and Reg.A education from the founders over at the “Reg.A Funding Group” as well as market insights from a variety of industry experts who appear on the show as guests. The show is hosted by Ron Costa and Miguel Dotres, who bring a wealth of information in regards to Reg A+, SEC filings, social media marketing, and various other topics in an entertaining and informative format. The podcast is quickly emerging as a “must listen” to all those interested in issuing Reg.A paper or investors interested in participating in a company’s Regulation A+ offering.

About The Reg.A Funding Group
With years of experience in the capital markets and proven results with social marketing, the Reg.A Funding Group provides real world, effective Regulation A advisory services for startup, growth and acquisition financing, while specializing in helping companies raise money with Regulation A+ Tier 1 and Tier 2 crowdfunding offerings. The Reg. A Funding Group can be reached at 612-888-REGA or atinfo@regamoney.com.


The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  For more information, please visit:  www.ncfacanada.org

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Goodbye Ethereum: Kik Plans to Move Its ICO Tokens to Stellar

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Coindesk | Nikhilesh De | Dec 14, 2017

Mobile messaging startup Kik is planning to shift its Kin token network from ethereum to Stellar, CEO Ted Livingston confirmed on Wednesday.

Speaking in a live question-and-answer session on YouTube, the company's founder argued that ethereum's blockchain – which the app is presently based on – is unable to scale to the level that Kin needs, among other issues. The answer, he said, is to shift to the Stellar network, first unveiled in 2014 and created by Ripple co-founder Jed McCaleb.

Livingston went as far as to blast ethereum as "the dial-up era of blockchain," noting that gas prices – which are needed to execute computations – and other transaction fees need to be built into the app to ensure users' transactions go through. Kik first announced it was contemplating a move onto another blockchain in October, stating that ethereum's scaling issues meant it "might not be the right solution" at the time.

In Wednesday's video, Livingston said Kin was pushing the limits of what ethereum could handle with its roughly 10,000 users. The network's reliability is another factor in the planned move, he said, pointing to recent network congestion as a result of the popular CryptoKitties app.

See:  How fintech companies are trying to make cryptocurrency investments safer

Livingston explained in the video:

"Stellar was built by the guys at Ripple and the thing we like about it is it's custom-built for an application like Kin. It's not like ethereum where it's trying to be everything to everybody, and that makes it general-purpose and slow."

Over the next few weeks, Kik will test Stellar's scalability and reliability, according to Livingston.

"It's very focused on what it's trying to solve for: fast, reliable and inexpensive transactions for a lot of people," he said.

Continue to the full article --> here

 

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  For more information, please visit: www.ncfacanada.org

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Former PayPal President Scott Thompson Joins Canadian Fintech Payment Rails As Investor & Board Advisor

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Crowdfund Insider | | Oct 10, 2017

Payment Rails, a Canada-based API-first payouts platform for businesses, announced on Tuesday it has appointed former President of PayPal, Scott Thompson, as an investor and board advisor. This news comes just after the company completed its seed round and brought total investment funding to $1.1 million. Founded in 2015, Payment Rails stated it is simplifying cross-border payouts for online marketplaces, share economy, crowdsourcing, affiliate platforms, app stores, and crowdfunding platforms.

Make payouts to your independent contractors, affiliates and suppliers anywhere in the world in 150+ currencies through our payouts-as-a-service platform. We offer a powerful API or you can upload batch files through our dashboard portal. Recipients have the choice of how they want to receive their funds and in which currency: direct to their own bank account, credit card, prepaid card, cash pick-up, check, paypal + other options.”

Payment Rails’ Co-founder and CEO,  Tim Nixon, explained:

“Our vision is to enable all businesses to offer an exceptional payout experience to their on-demand workers and suppliers, whether that business is a startup or a Fortune 500 company. Our focus on delivering the fastest global payments at fair and transparent prices, coupled with our easy integration, is what businesses have been demanding. With the guidance of industry experts like Scott, we’re on the way to achieving this vision.”

See:  PayPal launches Slack bot for peer-to-peer payments

While sharing details about Thompson’s appointment, Ferhan Patel, Co-Founder and President of Payment Rails, stated:

“We are thrilled to have Scott join our team as an advisor and investor. Scott is an industry giant having led PayPal and making it a dominant force in payments.  His experience and expertise will be extremely valuable as we scale our platform globally. Payment Rails is honored to be backed by our seed-round investors, like Scott. As we launch our business payouts platform, we truly appreciate the expertise that Scott, who through his leadership scaled PayPal to over 105M active users, brings to the Payment Rails board.”

Continue to the full article --> here

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both investment and social crowdfunding, blockchain ICO, alternative finance, fintech, P2P and online investing stakeholders across the country.  NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a vibrant and innovative online financing industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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Local Crowdfunding Platform to Assist Fire Ravaged Communities

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Community Futures | Graham Stanley | Aug 22, 2017
Vanderhoof, BC. – As devastating wildfires continue to tear across the province of British Columbia many small and medium sized businesses, as well as non-profit organizations, are seeking solutions to make rebuilding easier. Local crowdfunding platform, InvestLocalBC feels it can assist in some small way.
“Sourcing funds to assist with the recovery from the wildfires is an excellent example of what the InvestLocalBC platform was created to accomplish,” said Graham Stanley, the Manager of Community Futures Stuart Nechako which created the platform. “Local solutions to local problems.”
With so many rural communities being impacted by the wildfires, this local perspective has taken on a whole new significance. “Right now we are just seeing the emergency portion of this disaster,” said Stanley, “the rebuilding of our communities will be going on for years to come. With this in mind and with our mandate to assist local communities InvestLocalBC waiving the service fees for any campaign involved in the rebuilding from these horrific fires.” InvestLocalBC operates under a “fixed funding” model. Fixed funding assumes administrative fees of a 5% commission. This commission will be waived for all vetted projects and campaigns, removing at least one financial barrier to reconstruction.
To further the cause InvestLocalBC has partnered with Fundrazr a crowdfunding pioneer in BC to “increase our reach on the nonprofit side and FundRazr has an extremely large audience,” stated Stanley.
Anyone looking at a wildfire recovery or community redevelopment campaign can visit the website at www.investlocalbc.ca(link is external) or contact local manager Tom Bulmer with any questions or concerns. Call 1-800-266-0611 or email admin@investlocalbc.ca(link sends e-mail)
About Community Futures Stuart Nechako:
Media Contact:
Graham Stanley
250-567-5219
About InvestLocalBC.ca:
Media Contact:
Tom Bulmer
250-567-5219

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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A Guide to Building an Audience for Crowdfunding

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Indiegogo Blog | Samantha Lewis | June 16, 2017

BRING OUT THE CROWD AND BRING OUT THE FUNDS

Embarking on a crowdfunding journey? When it comes to building your audience, the more people you can get to back your idea the better — but that can be easier said than done. From email lists to social media to meeting potential backers firsthand, gathering a large crowd to fund your idea takes a lot of hard work.

  1. Leverage your network. Never underestimate the power of the people you already know. Family, friends, co-workers and even acquaintances make a great foundation for your campaign community. Our guide will explain how to use your personal network to create a solid base for your crowdfunding audience.
  2. Build a landing page. Every campaign has a story — this is where you tell yours. From who you are and what your mission is to why your idea needs supporting, a landing page is a critical part of any crowdfunding campaign. Serving as an information portal, it’s where potential backers can learn more before a campaign goes live. It’s also an excellent tool for collecting email addresses and provides a link to help you share your story. Check out how to create a landing page for a successful campaign in our guide, which highlights several great examples from fellow Indiegogo campaigners.
  3. Reach out over email. Many campaigners agree: email is the most effective way to attract backers. It’s also not a secret that a healthy email list leads to more campaign contributions. How does one establish such a list? In our guide, we’ll explore proven ways to build a strong email database, capable of capturing and growing your audience before your campaign even launches.
  4. Use social media. Did you know that after email outreach, social media is the next best way to drive traffic to your Indiegogo campaign page? That’s why it’s so important your to properly represent your product on social platforms. Our guide covers everything from when to launch a social media campaign (hint: it’s months before your Indiegogo campaign goes live) to creating hashtags and content to foster a sense of community.
  5. Contact the press. Using media sources respected by your target audience can be a great way to establish trust with backers. But before you reach out to the press, there are few things you should know — like the difference between a pitch email and a press release. Whether you need help creating a media kit or are looking for some tips on crafting the perfect follow up, you can find it all in our handy new guide.
  6. Host events. Did you know that meeting potential backers face-to-face can be a great way to cultivate interest in your idea? From launching a kickoff party and hosting exclusive events for backers to throwing a campaign after party, we’ll show you how to host for the most contributions.

Continue to the full article --> here

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.

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