Search Results for: pre-selling

Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

Crowdfund Insider | | Aug 11, 2020

Seedrs lobby - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearSeedrs is a top UK based investment crowdfunding platform that is active in both the UK and continental Europe. Launched in 2012, Seedrs is a trailblazer in online capital formation for early-stage ventures. Since inception, Seedrs has booked over 1100 funded deals recording about £950 million in investment while hosting the most robust marketplace for secondary transactions for crowdfunded securities. Many well-known tech-names have utilized the platform to raise growth capital while enlisting a wider audience of investors that may become unofficial brand ambassadors. Revolut, one of the top UK based digital banks, has crowdfunded on Seedrs.

When COVID dropped the world into a global pandemic, like almost all businesses, Seedrs was impacted. Yet out of the shattering economic decline, Seedrs, like some other online investment platforms, has adapted and in many respects thrived. Seedrs quickly embraced the Future Fund schemed crafted by HM Treasury to help support startups and early-stage ventures that did not qualify for loan based Coronavirus support programs. In the weeks since the Future Fund became actionable, Seedrs has helped dozens of early-stage firms to utilize the government program to raise matching funds in a convertible security offering. Seedrs is probably the most active digital platform leveraging the Future Fund.

See:  NCFA Open Letter: Government should collaborate with Fintechs to Recovery the Economy Faster

Seedrs co-founder Jeff Lynn was Seedrs longtime CEO until passing the baton over to Jeff Kelisky and stepping into the role as Chairman of the firm. As Chairman, Lynn has remained a staunch advocate of Seedrs’ mission to recreate early-stage funding Recently, Crowdfund Insider queried Lynn about Seedrs performance during the COVID pandemic. Our conversation is below.

How has Seedrs adapted to the new environment of social distancing and remote work?

Jeff Lynn: As a digital business, we’re very fortunate that we’re able to work remotely, and that we can continue to provide the same level of service to our entrepreneurs and investors as we could when we were in the office. That being said, I think the whole team misses getting to work together in person, and looks forward to being back in the office eventually.

Do you anticipate that some of these changes will stick long term?

Jeff Lynn: Like many businesses, we are having a conversation with our team about how to combine the benefits of working from home, which we’ve all experienced over the last few months, with the value that comes from being in the office. I don’t know where that will land in the long run, but it would not surprise me if we see a general shift in the working world — at least among digital businesses — to one in which most people work in the office a few days a week and at home the other days.

See:  Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfunding

Seedrs quickly moved to list issuers under the Future Fund scheme. How many issuers have participated in this program? How is it working out so far?

Jeff Lynn: It’s been great. The Future Fund is a very important initiative that has helped to unlock private capital during a time when it might have frozen up, while at the same time providing additional government funding in order to extend runways and help businesses navigate (and in some cases continue to grow) through this crisis. So far we’ve had 26 Future Fund campaigns, and there are more to come. We’re very pleased to be able to play a part in this powerful and unusual funding opportunity.

Just recently, variable pricing was announced for Seedrs Secondary Market – a significant change. How is your marketplace progressing? A quick glance displays a lot of green (higher values).

Jeff Lynn: We’re thrilled with the continued growth of the Seedrs Secondary Market. It is one of the pillars of our well-publicised efforts to move beyond crowdfunding and toward becoming a full-scale marketplace for private capital. And the introduction of a basic form of variable pricing, which launched this month, is a key part of the Secondary Market’s evolution. We won’t know the exact impact on numbers until after this month’s trading cycle closes, but just based on observation it looks like there has been a significant takeup of the opportunity to offer shares at a premium or discount.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearFF Logo 400 v3 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearcommunity social impact - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

JOIN US THUR, AUGUST 20 ARTIFICIAL INTELLIGENCE IN FINTECH!


GET TICKETS NOW

More Info



Week 7 Artificial Intelligene in Fintech resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year



NCFA COVID 19 letter to government to support Fintechs and SMEs - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

NCFA Newsletter subscribe600 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

 

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

How six companies are using technology and data to transform themselves

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

McKinsey Digital | Aug 12, 2020

Harit Talwar - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearA study referenced in the popular magazine Psychology Today concluded that it takes an average of 66 days for a behavior to become automatic. If that’s true, that’s good news for business leaders who have spent the past five months running their companies in ways they never could have imagined. The COVID-19 pandemic is a full-stop on business as usual and a launching pad for organizations to become virtual, digital-centric, and agile—and to do it all at lightning-fast speed.

Now, as leaders look ahead to the next year and beyond, they’re asking: How do we keep this momentum going? How do we take the best of what we’ve learned and put into practice throughout the pandemic, and make sure it’s woven into everything we do going forward?

See:  Digital IDs Help Open Banking Reach Its Fullest Potential

“Business leaders are saying that they’ve accomplished in 10 days what used to take them 10 months,” says Kate Smaje, a senior partner and global co-leader of McKinsey Digital.  “That kind of speed is what’s unleashing a wave of innovation unlike anything we’ve ever seen.”

That realization is coming not a moment too soon. Even before the global health crisis hit, 92 percent of company leaders surveyed by McKinsey thought that their business model would not remain viable at the rates of digitization at that time. The pandemic just put that whole scenario on steroids. The companies that are leading the way out of this crisis, the ones that will grab market share and set the tone and tempo for others, are the ones first out of the gate.

“The fundamental reality is that the accelerating speed of digital means that we are increasingly living in a winner-take-all world,” Smaje says. “But simply going faster isn’t the answer. Rather, winning companies are investing in the tech, data, processes, and people to enable speed through better decisions and faster course corrections based on what they learn.”

Large incumbents who are winning the digital transformation battle get lots of things right. But McKinsey research has highlighted a few elements that really stand out:

  • Digital speed. Leading companies just operate faster, from reviewing strategies to allocating resources. For example, they reallocate talent and capital four times more quickly than their peers.
  • Ready to reinvent. While businesses need to maintain the profitable elements of their business, business as usual is a dangerous posture. Leading businesses are investing as much in upgrading the core of their business as they are in innovation, often by harnessing technology.
  • All in. These companies aren’t just making decisions faster; the decisions themselves are bolder. Two of the most important areas where this kind of commitment shines through are major acquisitions (leaders spend three times more than their peers) and capital bets (leaders spend two times what their peers do).
  • Data-driven decisions. “The road to recovery is paved with data,” Smaje says. Data is providing the fuel to power better and faster decisions. High-performing organizations are three times more likely than others to say their data and analytics initiatives have contributed at least 20 percent to EBIT (from 2016–19).
  • Customer followers. Being “customer centric” is well established. But competing pressures and priorities mean that the customer can often be sidelined. Top companies that sustain a comprehensive focus on the customer (in addition to operational and IT improvements) can generate economic gains ranging from 20 to 50 percent of the cost base.

See: 

The Impact of Coronavirus on Funding Innovation

Innovate Finance: Spotlight on Innovation: Canada Fintech Podcast

Bank of Canada partners with the Bank for International Settlements to launch innovation centre

The companies you’re going to meet here are adopting and deploying these digital strategies and approaches at warp speed. Aside from moving thousands of employees from the office, call center, and factory floor to home overnight, they’re using these technologies to rejigger supply chains, stand up entirely new e-commerce channels, and leverage AI and predictive analytics to unearth smarter and more sustainable ways to operate.

Continue to the full article --> here


NCFA Jan 2018 resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearFF Logo 400 v3 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearcommunity social impact - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

JOIN US THUR, AUGUST 20 ARTIFICIAL INTELLIGENCE IN FINTECH!


GET TICKETS NOW

More Info



Week 7 Artificial Intelligene in Fintech resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year



NCFA COVID 19 letter to government to support Fintechs and SMEs - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

NCFA Newsletter subscribe600 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

 

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

Future Skills Centre Grants $15M for Growth and Stability of Canadian Jobs

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

Mentor Works | Alena Barreca | Aug 4, 2020

dont miss a funding opportunities - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearThe Future Skills Centre (FSC) has announced an investment of $15 million towards the growth, innovation, and stability of the Canadian labour market to help maintain, create, and transform jobs across the country in line with the government’s ongoing COVID-19 support.

Eligible applications can receive up to $25,000 investments, while large scale projects with potential for exceptional impact can receive funding of up to $2.5 million, with potential for further government funding.

Shock-Proofing the Future of Work: Skills Innovation Challenge (SIC) is an FSC program that aims to boost skills innovation across all industries by supporting projects that will discover ways to promote resilience and find new ways forward in the face of social and economic shock caused by unprecedented times such as the COVID-19 pandemic.

How Will FSC Funding Help the Canadian Job Market?

The FSC-SIC government funding program will prioritize regions, areas, and populations where disruption from the pandemic has hit the hardest and appears to be the most long-lasting. With various sectors including health care, technology, and agriculture facing significant demand for workers with new skills, the Skills Innovation Challenge (SIC) encourages individuals and organizations alike to seek and explore opportunities that can accelerate skills training and help to navigate an evolving Canadian job market.

“Skills development is an essential component of a strategy for post-pandemic recovery and building a better future for millions of Canadian workers. We are accelerating investments in groups, sectors, and regions where challenges are deepest, and opportunities are emerging so we can support people now while learning lessons that can be scaled for future success.”

– Pedro Barata, Executive Director of the Future Skills Centre

In essence, to fight against the social and economic shock that has emerged from the pandemic, the FSC-SIC funding will help all industries in need to overcome challenges and plant seeds in strengthening the present and future success of Canadian jobs in every sector.

See:  Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfunding

Program Overview: Skills Innovation Challenge (SIC)

SIC funding aims to support three levels of the skills ecosystem:

  • Support for individuals: to help inform training and career paths for workers, especially those who face barriers based on geography, background, or experience.
  • Support for organizations: to adopt new technologies and expand the understanding of a new health and safety environment, policy development and program delivery for large and small businesses, government, educational institutions, and service delivery organizations.
  • Systems change: to promote innovative approaches to policy and program development and re-engineering of processes in large and small businesses, government, educational institutions, or service delivery organizations.

Applicant Eligibility:

  • Legally incorporated not-for-profit organizations, including not-for-profit social enterprises and registered charities;
  • Publicly funded post-secondary institutions;
  • Industry associations;
  • Professional associations;
  • Indigenous organizations that are a legal entity;
  • Municipalities or district social services administration boards;
  • For-profit organizations (provided the project is undertaken at cost, with no mark-ups or profit incorporated); and
  • Individual persons.

The FSC-SIC program is accepting applications until September 1, 2020

For more information continue --> here

 


NCFA Jan 2018 resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearFF Logo 400 v3 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearcommunity social impact - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

JOIN US THUR, AUGUST 20 ARTIFICIAL INTELLIGENCE IN FINTECH!


GET TICKETS NOW

More Info



Week 7 Artificial Intelligene in Fintech resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year



NCFA COVID 19 letter to government to support Fintechs and SMEs - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

NCFA Newsletter subscribe600 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

 

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

Knnct – Democratizing mortgage financing

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

NCFA - FFCON20:  RISE | Samuel He | Aug 12, 2020

FFCON20 Fintech Draft shortlist Knnct - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

For over 50 years, the mortgage sector has relied on very traditional business methods. This involves hard copies of mortgage applications and reliance on personal relationships to source deal flow. Furthermore, teams of people are needed to analyze & filter deals and communicating/sending documents through email and fax.

This process can be burdensome for both lenders and brokers. Without personal relationships, brokers frequently have little option but to resort to cold calling or emailing lenders looking for opportunities.

Knnct tackles this problem by offering a new and more efficient digital alternative. The company has re-imagined the mortgage process with its two-sided peer-to-peer platform for both mortgage brokers and lenders.

They use digital documents and apply AI techniques to digitally analyze and filter data to match the right deal with the right lender.

Knnct’s value proposition for brokers focuses on two aspects. One is to offer unparalleled access to lenders, and the other is to provide a platform that emphasizes transparency and efficiency.

See:  Join us at FFCON20 RISE: What's on this week?

Brokers begin by creating a mortgage application and posting a deal to the platform. The proprietary algorithms will then analyze & identify licensed lenders whose lending criteria match each deal. Brokers can create applications and upload supporting documents for clients all in one spot on the platform. Deals can be closed all without leaving the platform.

Knnct’s value proposition for lenders also focuses on two aspects. One is to offer them unparalleled access to brokers, and the other is to provide low-cost business development channels.

The platform’s algorithms find mortgage deals from brokers that the lender doesn’t have a relationship with. If the lender finds a deal they like, they have the option to quote it. If the broker accepts, they can move forward with the process. This helps generate new business channels for lenders who are no longer tied solely to their existing network of brokers.

The mortgage process has truly been revolutionized with Knnct’s digital approach. Thanks to their efficient platform, deals usually occur in less than 24 hours and generate good offers for brokers and lenders alike.

Now, if you want to know more about Knnct, see them at FFCON20 RISE Fintech Draft. If you like what you see, toss them some stars and give them your votes.

Check them out here: https://fintechandfunding.com/shortlisted-draft-companies/

 


NCFA Jan 2018 resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearFF Logo 400 v3 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearcommunity social impact - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

JOIN US THUR, AUGUST 20 ARTIFICIAL INTELLIGENCE IN FINTECH!


GET TICKETS NOW

More Info



Week 7 Artificial Intelligene in Fintech resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year



NCFA COVID 19 letter to government to support Fintechs and SMEs - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

NCFA Newsletter subscribe600 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

 

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

Evolving to Work Better Together: Public-Private Partnerships for Digital Payments

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

IMF | By Tobias Adrian speech | July 22, 2020

CBDCs and the IMF - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearI will focus on public-private partnerships to provide central bank digital currency — CBDC. The goal of these partnerships is to preserve comparative advantages: for the private sector to interface with customers and innovate, and for the public sector to regulate, supervise, and ultimately provide trust. In so doing, I cannot emphasize too strongly the importance of regulatory clarity and consistency — domestically and internationally — to encourage innovation.

Note that public-private partnerships are not new, even for the provision of money. Cash is designed by central banks but distributed by commercial banks. And most of the money we use — in the form of commercial bank deposits — is created by the private sector; is a private liability; and is settled in great part through private clearinghouses, all under the strict supervision of the central bank.

So what would a public-private partnership look like for the provision of CBDC? Two models stand out.

The first model is “synthetic CBDC” (or “sCBDC,” for short), introduced last summer in my paper with Tommaso Mancini-Griffoli. And the second model — explored by various central banks, including the People’s Bank of China (PBOC) — is “two-tiered CBDC.” Both are increasingly debated, while the initial concept of “full-fledged” CBDC, in which the central bank is the sole developer of services, also remains an option, depending on country circumstances.

See:  FFCON20 This Week: Thur, August 13: CURRENCY WARS, DIGITAL ASSETS & DEFI

The two models of partnership differ according to where the boundary is set between the public and private sectors. Both models agree that customer interaction — including customer due-diligence, as well as wallet design and currency distribution — should be left to the private sector. The central bank, instead, would be charged with regulation and supervision.

But which side of this public-private partnership should issue currency and settle transactions? The two-tiered model argues for the central bank. The sCBDC model, instead, opens the door to the private sector. Digital coins, denominated in the domestic unit of account, would be privately issued, although fully backed with central bank reserves. The central bank would license these operators and carefully supervise them. In addition, legal structures would ensure that user funds, held as central bank reserves, would be isolated from the potential bankruptcy of sCBDC operators.

So both models offer an especially liquid and safe payment instrument.

The big difference is the degree of diversity and innovation in the currency itself. In the two-tiered model, the central bank picks one technology and upgrades it occasionally. That choice colors the innovations that come on top, as the currency is embedded in digital applications and spurs new assets. We can imagine, for instance, smart contracts used to program the contemporaneous exchange of DLT-based currency and bonds.

The sCBDC model, instead, encourages private-sector-led innovation at a more fundamental level. Private companies would compete to provide the most user-friendly form of currency and the most efficient settlement platform. Such dynamic innovation could be extremely valuable, given the pace of technological change, and given many central banks’ limited experience in providing retail services.

See:  Central banker bulletin: COVID-19 cash concerns to drive digital currency

When a technology moves slowly, it is fine to set it in stone. Think of good old dark-room photography: We all knew what made the best film. The enabling technology was set. A great camera could be kept for years. But when digital photography was introduced, it was like jumping into a moving stream. Even great cameras quickly became obsolete as sensor technology rapidly evolved. And the diversity of cameras exploded as each innovated along a different dimension. In that environment, to have the public sector pick the winning technology would be difficult at best, probably costly, and potentially irrelevant as the private sector continued to innovate.

Even then, in the field of payments, innovation and experimentation cannot come at the cost of instability. Central banks must oversee the safety and soundness, and the operational resilience, of currency providers — as well as ensure financial integrity, financial stability, and the safety of customer funds.

These are challenges, but their nuances are well known. Central banks are used to fulfilling these objectives, even if some retooling may be necessary to evaluate operational risks stemming from new technologies, for instance.

However, central banks would also face new challenges specific to partnering with private firms. I will point out three specific challenges.

The first is the interoperability of coins. This is specific to sCBDC. Interoperability is important for users, so holders of different coins can pay each other. And it is important for market contestability, so new firms can enter and compete on a level playing field. As sCBDC gets off the ground, firms may seek interoperability to build up their user bases and stoke a dynamic developer community. However, interoperability is not always time-consistent. As soon as an sCBDC provider reaches scale, it will try to foster its own developer and user ecosystem by limiting interoperability. So central banks need to introduce and enforce standards, potentially through a consortium with private-sector companies.

See:  Virtual Panel via Toronto Centre (Apr 17): Using Stable Coins to Facilitate Financial Stability and Inclusion Under Unprecedented Times

The second challenge is related, and also concerns sCBDC. Market contestability equally relies on ensuring that the bundling of coins with social media or other platforms does not lead to unfair competition. Otherwise, the strong network effects of those platforms would be inherited by the coins. Central banks will thus have to collaborate with anti-trust authorities to strengthen regulation, embed rules in sCBDC licenses, and supervise operators.

The third challenge is to ensure payment system stability — namely, the resilience of business models to macro-economic shocks, including the policy cycle. Central banks will have to evaluate the viability of business plans, as well as the impact of design choices on firms’ bottom lines. For instance, sCBDC operators must be resilient to severe downturns and the low interest rates that accompany them. Even if an operator exits, the market must be sufficiently diversified for others to pick up the slack.

Continue to the full article --> here


NCFA Jan 2018 resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearFF Logo 400 v3 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearcommunity social impact - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

JOIN US THUR, AUGUST 20 ARTIFICIAL INTELLIGENCE IN FINTECH!


GET TICKETS NOW

More Info



Week 7 Artificial Intelligene in Fintech resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year



NCFA COVID 19 letter to government to support Fintechs and SMEs - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

NCFA Newsletter subscribe600 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

 

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

Mayor of London calls for an Emerging Technologies Charter

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

Tech UK | Georgina Maratheftis  | Jul 31, 2020

tech UK - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearYesterday, the Mayor of London Sadiq Khan tasked his Chief Digital Officer, Theo Blackwell, and the Smart London Board with developing an Emerging Technologies Charter, which will set out the criteria which innovations should meet before they are deployed in the capital. 

The Charter will seek to ensure Londoners are engaged and listened to in the process of developing new technologies, so their concerns and the likely effects these innovations will have on their lives are fully understood. Areas it is expected to cover include:

  • Ways of working – We want to ensure that trialling new technologies is conducted openly and responsibly, actively engaging with the public, authorities and other relevant bodies.
  • Data – We'll make recommendations on the collection, use, and sharing of data collected by emerging technologies via city data platforms such as at TfL or City Hall's London Datastore, so data can be used for shared purposes such as climate change adaptation or resilience planning. ​
  • Design – Promoting the best in design and ensuring all Londoners are heard when new technologies are developed and deployed, to ensure digital inclusion and accessibility at the heart of future innovations.
  • Privacy and security – Promoting privacy-by-design to ensure emerging technologies adhere to the spirit – not just the letter – of data protection laws and meet relevant cybersecurity standards.

See:  NCFA Open Letter: Government should collaborate with Fintechs

The announcement follows the launch of a report by Digital Catapult which identified a number of emerging technologies in which London will lead the world in positively impacting residents and businesses, including artificial intelligence, 5G connectivity and robotics. The report also sets out recommendations on the ethical, sustainable, economic and social policies which should be used when adopting digital technologies, ensuring London’s unique strengths help sustain its position as a global leader in the future.

Continue to the full article --> here


NCFA Jan 2018 resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearFF Logo 400 v3 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearcommunity social impact - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

JOIN US THUR, AUGUST 20 ARTIFICIAL INTELLIGENCE IN FINTECH!


GET TICKETS NOW

More Info



Week 7 Artificial Intelligene in Fintech resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year



NCFA COVID 19 letter to government to support Fintechs and SMEs - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

NCFA Newsletter subscribe600 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

 

share save 171 16 - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

FFCON20 This Week: Thur, August 13: CURRENCY WARS, DIGITAL ASSETS & DEFI

share save 171 16 - FFCON20 This Week:  Thur, August 13:  CURRENCY WARS, DIGITAL ASSETS & DEFI

NCFA Canada | Team FFCON20 | Aug 9, 2020

Week 6 Currency Wars Digital Assets and DeFi resize - FFCON20 This Week:  Thur, August 13:  CURRENCY WARS, DIGITAL ASSETS & DEFI

Join us Thursday, August 13, 2020!    (Add to Google Calendar)

    • Learn how traditional banking and payment sectors are being enhanced through digital assets
    • The future of CBDCs, digital assets and trading
    • Stability in finance – the profound impact of stablecoins
    • The Rise of Decentralized Finance (DeFi) – the fastest growing crypto tokens, infrastructure and markets
    • The anatomy of digital securities; how they work now, their evolution, use cases and are they right for our venture

FFCON20 Week 6 Agenda Currency Wars Digital assets and DeFi 2 special - FFCON20 This Week:  Thur, August 13:  CURRENCY WARS, DIGITAL ASSETS & DEFI

 

 

FFCON20 Week 6:  In Focus

NEXT UP --> Aug 13, 2020

Currency Wars, Digital Assets and DeFi

Time remaining before registration closes...

Day(s)

:

Hour(s)

:

Minute(s)

:

Second(s)

register now 1 - FFCON20 This Week:  Thur, August 13:  CURRENCY WARS, DIGITAL ASSETS & DEFI
share save 171 16 - FFCON20 This Week:  Thur, August 13:  CURRENCY WARS, DIGITAL ASSETS & DEFI