Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Cambridge Centre for Alternative Finance Publishes Americas Report: Sector Grows by 26% as US Market Leads with 97% of Market Share
Crowdfund Insider | By | Dec 20, 2018
The Cambridge Centre for Alternative Finance (CCAF) has published their annual report on alternative finance covering the Americas. According to Reaching New Heights: the 3rd Americas Alternative Finance Industry Report covering data for 2017, across the Americas alternative finance grew by 26% to reach $44.3 billion in 2017. The bulk of this amount was driven by the US accounting for 97% of the Americas market and $42.81 billion.
For this years report, 35 countries in the Americas were surveyed. This included survey submission from 234 unique platforms. In addition, external data was collated from 47 platforms. This represents an increase of 134% in platform coverage for the year.
Robert Wardrop, Director of CCAF, said this year’s report illustrates the uneven yet considerable growth of online alternative finance in many countries across North, Central and South America.
So how does this compare to the previous report, even with the change in platform coverage?
In 2016, CCAF reported $35.2 billion for the year. The growth rate was approximately 23% from the prior year. Throughout the last five years (2013-2017) the average annual growth stands at 89%. Total volume over the last five years amounted to $124.5 billion. Of this amount, 35% came in 2017 alone.
For the US, Consumer Lending was the key driver in the market. Balance Sheet Consumer Lending accounted for $15.2 billion (35.5% of market share) and Marketplace/P2P Consumer Lending accounting for $14.7 billion (34.3% of market share).
Canada, the second largest market, generated $868 million – a respectable amount for a country with a population that is a fraction of the US. The balance between Latin America and the Caribbean was $663 million.
The report notes that Canada saw considerable growth, up by 159% from $335 million in 2016 to $868 million in 2017. The Canadian alternative finance market was driven primarily by alternative business funding, which accounted for 61% of the total.
LATAM and the Caribbean grew by 94% from $342 million in 2016 to $663 million in 2017.
Brazil, Mexico, and Chile drove 78% of the region’s growth, with Brazil jumping ahead of Mexico and Chile to become the region’s market leader.
Not including the US, SME business financing was the clear market driver.
According to the report, 85% (or $566 million) of all alternative finance volumes across the region came from business financing. CCAF states this is particularly pronounced in Chile, where alternative business funding accounted for 27% of the overall Latin America / Caribbean (LAC) business funding market.
See: While Canada debates, others are commercializing our most valuable asset: data
Diego Herrera, Financial Markets Lead Specialist for the Inter-American Development Bank (IDB), said that many regulators in the region use the series of studies that the University of Cambridge has published with the IDB support to design their policies and regulations.
“In fact, many of the jurisdictions have understood the size of their Alternative Finance ecosystem with this reliable source of data,” said Herrera. “Regulation has become one of the most important drivers for the success of fintech ecosystems in the region through the mitigation of legal uncertainty and the creation of secure conditions for entrants. As the regional ecosystem evolves, so too does the Fintech policymaking and regulatory proposals.”
Juan Ketterer, Institutions for Development Manager, Inter-American Development Bank, added that this year’s report highlighted that alternative finance is a very dynamic Fintech vertical in Latin America and the Caribbean.
“The steady 94% growth is opening the way to the first yearly US $1 billion [total]. The region is using alternative finance to finance businesses with a total of US $566 million out of US $663 million. Alternative finance is part of the solution to close the gap of financial inclusion to more than 45 million Micro, Small and Medium Enterprises. The inclusion of numbers on gender, showing how, on average, 31 per cent of the fundraisers, while 32% of the funders are female, is a new key result. We will follow through this critical data to determine the effect of women in the alternative finance vertical.”
Some other interesting data points provided by the CCAF Americas report include:
- The US is the second largest alternative finance market in the world as it trails China (dramatically). As shared in the CCAF Asia report, China hit US $358 billion in 2017 growing by 47% versus year prior.
- Real Estate Crowdfunding increased by 128% to $1.8 billion in 2017 from $821 million in 2016. The model accounted for 4.2% of the total market in 2017 and grew by 128% annually.
- Balance Sheet Consumer Lending accounted for $15.3 billion, up an impressive 409% from the $3.0 billion in 2016. The model accounted for 34.5% of the total market in 2017. This was the largest model across the region.
- Marketplace/P2P Business Lending registered $1.5 billion, slightly down 0.33% from the $1.5 billion in 2016.
- Marketplace/P2P Consumer Lending reached $14.9 billion, down 29% from the $21.1 billion in 2016. This model accounted for 33.6% of the total alternative finance market volume in 2017 in the Americas.
- Equity Crowdfunding accounted for just $260.9 million in 2017, down 54% from $569.5 million in 2016. This sector is stagnating
- Rewards platforms are included as well. As with the other parts of the world, this sector is in decline down by 26%
- The research identified 48 platforms that pivoted away from ‘orthodox’ alternative finance models or were no longer active.
See: Fintech Reports and Research
CI reached out to Tania Ziegler, the Lead in Global Benchmarking at the CCAF. Ziegler manages the Centre’s alternative finance benchmarking program that covers Europe, the Americas, Asia Pacific, and the Middle East and Africa. We asked her a series of questions related to the CCAF Americas report.
CI: Overall, what were your impressions of 2017 v. 2016 for the evolution of alternative finance in the Americas?
Tania Ziegler: 2017 saw a lot of growth across the region, but very much at different levels. In the United States, we observed steady growth (24% up from the previous year) but this driven largely by strong incumbent firms and, in particular, consumer lending activities. We noted that a handful of platform respondents from previous year’s had left the ecosystem for more traditional activities, there was some consolidation in the market, and there was a limited number of new entrants when compared to previous years.
Canada saw exponential growth (159%), with a focus on finance for business borrowers. Unlike previous years, the Canadian landscape shifted away from non-investment model such as reward and donation crowdfunding, towards more sophisticated lending models. We also saw significant investment from Canadian platforms towards R&D activities, especially in process streamlining. Canada seems to have a strong emphasis on innovation-driven activities in lending.
CI: The US continues to dominate in the Americas yet trails China. Why is that?
Tania Ziegler: The US is certainly the market leader in the Americas, but is dwarfed considerably by China (whose market volume was $358 billion in 2017).
Simply put, China’s Fintech market is reflective of a retail investor environment that is far quicker to embrace technology, coupled with somewhat underdeveloped traditional banking options for both individual funders and fundraisers.
Yet, it is important to note that in 2017, we saw a significant slow down in alternative finance compared to previous years.
In our Asia-Pacific report this year, we noted that this downturn comes alongside profound industry shake-ups and regulatory changes. Though technology-enabled altfin models certainly will continue to grow in China, until regulation catches up, we expect that 2018’s figures will be somewhat dampened.
Continue to the full article --> here
Download the Reaching New Heights PDF report --> now
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
 |  |  |
 Share for a Chance to Win FREE #FFCON23 Virtual Event Tickets!!As a part of the lead-up to this exciting event, NCFA will be holding a social media contest for the chance to win FREE tickets to attend. In order to be entered to win, all you’ll need to do is share any of our event posts or create one of your own through your Facebook, Twitter, Instagram or LinkedIn personal or company page, tag @NCFACanada, and use #FFCON23. Winners will be contacted prior to the event. We look forward to seeing you there!  Support NCFA by Following us on Twitter!Follow @NCFACanada  |
SEC | Release | March 23, 2024 The SEC’s Office of Investor Education and Advocacy continues to urge investors to be cautious if considering an investment involving crypto asset securities. Risk notice to investors: Investments in crypto asset securities can be exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow, or lend these securities may lack important protections for investors. The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant. The only money you should put at risk with any speculative investment is money you can afford to lose entirely. Those offering crypto asset investments or services may not be complying with applicable law, including federal securities laws. Under the federal securities laws, a company may not offer or sell securities unless the offering is registered with the SEC or an exemption to registration is available. Similarly, the law requires parties such as securities broker-dealers, investment advisers, alternative trading systems (ATS), and exchanges to register with the SEC, a state regulator, and/or a self-regulatory organization (SRO), such as FINRA. Moreover, entities and platforms involved in lending or staking crypto assets may be subject to the federal securities ...
Read More
Reuters | March 22, 2023 The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc over some of the crypto exchange's products, turning up the heat on the largely unregulated sector. The potential enforcement actions would be tied to aspects of Coinbase's spot market as well as its Earn, Prime and Wallet products, the company said. Shares of Coinbase dropped nearly 13% to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice - a formal declaration that SEC staff intend to recommend an enforcement action. Coinbase said its services continued to operate as usual after the notice was issued. See: Coinbase Begins ‘Wallet as a Service’ Enabling Companies to Integrate Into Their Own Apps A Wells notice does not always result in charges or signal that the recipient has violated any law. A Wells notice is typically one of the final steps before the SEC formally issues charges. It generally lays out the framework of the regulatory argument and offers the potentially accused an opportunity to rebut the SEC’s claims. Coinbase Chief Legal Officer Paul Grewal said in a blog post: Although we don’t take this ...
Read More
Guest Post | March 23, 2023 After entering college, people's lives change dramatically. On the positive side, they meet new people, make friends, and experience new emotions. However, they are now adults who must live on campus, pay for college, and become financially independent from their families. In addition to this, they have to attend lectures, prepare homework, participate in college activities, etc. It's a lot of stress, pressure, and sleepless nights. To lighten their workload and speed up the process of doing homework, some students use artificial intelligence-based online tools such as GPT Chat. Others hire assignment writing services, pay the required amount, and receive their papers on time. Both options can help with homework, but which option is better? Let's discuss this further. Are Assignment Writing Services Legal? There are currently no specific laws in the United States that prevent students from hiring assignment writing services or using AI tools for academic purposes. Thus, students can count on the help of assignment writers, especially when they provide a detailed plagiarism report to prove the originality of the work. The problem is finding a reliable service that has a team of experts who write an authentic copy from scratch ...
Read More
CoinDesk | Nikhilesh De, Oliver Knight | March 22, 2023 Sushi DAO and Head Chef Jared Grey were served with a subpoena by the U.S. Securities and Exchange Commission, the decentralized autonomous organization revealed Tuesday. Grey proposed creating a "Sushi DAO Legal Defense Fund" in a forum post, saying it would "cover legal costs for core contributors." The proposal recommends making $3 million in tether (USDT) available for core contributors, with another $1 million worth of USDT available in case the initial $3 million are used up. The sushi token dropped 5.5% on the news. One of the initial comments on the forum post asked how the DAO known as Sushi was subpoenaed, with the user saying they did not receive it despite being a member of the DAO. "We’re cooperating with the SEC. We do not intend to comment publicly on ongoing investigations or other legal matters," the forum post said. Continue to the full article --> here 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 ...
Read More
March 22, 2023 Regarding legal matters: it's always better to be safe than sorry. While there are many situations where a person may try to navigate legal issues on their own - there are instances wherein hiring a lawyer is an absolute must. Here are the top six situations when hiring a lawyer is essential. Criminal Charges If you are facing criminal charges, hiring a lawyer right away is essential. An attorney can help protect your rights, build a strong defense, and negotiate with prosecutors. When choosing a lawyer, it's critical to find someone with experience in your case's specific area of law. You'll also want to ensure that the lawyer has a good track record and a reputation for being a strong advocate for their clients. The seasoned legal practitioners behind https://colbylegal.com/ recommend that you opt for a lawyer who is responsive and attentive to your needs, as well as someone who will keep you informed throughout the legal process. This way, you can make better decisions about your case and feel confident that you're getting the best representation. Personal Injury Claims Hiring a personal injury lawyer is necessary if you sustained injuries due to an accident caused by ...
Read More
Exploding Topics | Josh Howarth | Jan 20, 2023 The fintech space is making fast strides across many financial sectors, including consumer and B2B. Fintech investment and consumer adoption are clearly on the rise. But to what extent? And where is this industry headed? This list has you covered with a wide range of key, up-to-date financial technology (fintech) statistics. Fintech Industry Size: The fintech industry is worth approximately $180 billion (Deloitte) Global fintech industry revenue has nearly doubled since 2017 (Deloitte) There are currently over 26,000 fintech startups worldwide. This figure has grown dramatically over the past few years (up from only around 12,000 fintech startups in 2019). See: KPMG: Canadian Fintech Investment Drops in 2022, Mentality Shift to ‘Sensible’ Growth Investment: Fintech industry investment has increased 3.5x since 2015 (KPMG) In 2012, investment in fintech totaled $4 billion. By the end of 2021, fintech investment reached $210 billion. Venture capital distributions by sector funding: #1 Capital markets $8.07 billion #2 Payments $6.03 billion #3 Wealth management $5.43 billion #4 Digital lending $3.97 billion #5 SMB $3.36 billion #6 Banking $3.27 billion #7 Real estate $2.42 billion #8 Insurance $2.30 billion Adoption: 90% of Chinese citizens use fintech banking, ...
Read More
March 21, 2023 If you don't plan, you're planning to fail, as the old business adage goes. It's a cliché, but those who are really committed to their achievement, especially traders, should treat those words as if they were carved in stone. If you ask every successful trader, the answer will likely be the same: you must strictly adhere to a predetermined strategy, or you will be doomed to failure. You're in the minority if you already have a detailed trading or investment strategy that will help your portfolio, and congratulations on that. Creating a viable strategy or technique for trading the financial markets is a lengthy process that requires much study and investigation. While there are no guarantees, you have removed a substantial obstacle. For those of you who haven’t done it yet, here is a comprehensive guide on how to do so in order to get solid results and improve your portfolio. Have a Clear Understand of the Market A solid understanding of the market you are going to trade on is vital for establishing a smart trading strategy. Being well-versed in the field of trading will equip you to comfortably deal with the abundance of data present ...
Read More
March 20, 2023 Bitcoin has become incredibly popular in Canada over the past decade. Celebrities keep tweeting about it. Casinos are now accepting it for payments while tech-savvy Canadians are buying it as an investment. In the online casino space, almost every website has bonuses for crypto users. Some of them also feature games created on the blockchain. What’s this commotion all about? How is Bitcoin benefiting online casinos in Canada? Fast and Secure Payments Slow, unsecured payments kill hundreds of businesses every year according to the Harvard Business Review. That’s why many new casinos are embracing crypto at such a fast pace. Bitcoin processes transactions in an average of 10 minutes. If you use an alternative coin like XRP, you can send money around the world in seconds. It doesn’t matter if you’re sending $10 or $1 billion worth of crypto—the blockchain system is lightning fast. It’s also secure. Bitcoin addresses are encrypted using cryptography. This means no one can decipher the data. Secondly, they’re stored on the blockchain, which is decentralized and impossible to hack. Although most crypto casinos accept bitcoin for deposits, some of them also accept Ethereum, Litecoin and Bitcoin Cash. Visit Bitcoincasinocanada.com to find the ...
Read More
CFPB | Mar 15, 2023 The Consumer Financial Protection Bureau (CFPB) issued a request for information on “data brokers,” “an umbrella term to describe firms that collect, aggregate, sell, resell, license, or otherwise share consumers’ personal information with other parties. See: Davos: Cooperation in a Fragmented World: In Data We Trust The CFPB is looking to better understand the “scope and breadth of data brokers’ business practices and the impact of those practices on the marketplace and peoples’ daily lives,” especially in relation to credit reporting and the requirements and intentions of the Fair Credit Reporting Act. Continue to view the announcement --> here Download the 13 page PDF RIF --> here 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 ...
Read More
Reuters | Stefania Spezzati, Oliver Hirt and John O'Donnell | Mar 19, 2023 Move follows Swiss rescue of Credit Suisse and signals depth of concern over the global financial system Some of the world’s largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal. UBS will pay 3 billion Swiss francs (US$3.23 billion) for 167-year-old Credit Suisse and assume up to US$5.4 billion in losses in a deal backed by a massive Swiss guarantee and expected to close by the end of 2023. Soon after the announcement late on March 19, the U.S. Federal Reserve, the Bank of Canada, European Central Bank and other major central banks came out with statements to reassure markets that have been walloped by a banking crisis that started with the collapse of two regional U.S. banks earlier this month. The Fed said it had joined with central banks in Canada, England, Japan, the EU and Switzerland in a coordinated action to enhance market liquidity. The banks said they would start offering daily loans in dollars to their banks to avert stress in ...
Read More
SEC | Release | March 23, 2024 The SEC’s Office of Investor Education and Advocacy continues to urge investors to be cautious if considering an investment involving crypto asset securities. Risk notice to investors: Investments in crypto asset securities can be exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow, or lend these securities may lack important protections for investors. The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant. The only money you should put at risk with any speculative investment is money you can afford to lose entirely. Those offering crypto asset investments or services may not be complying with applicable law, including federal securities laws. Under the federal securities laws, a company may not offer or sell securities unless the offering is registered with the SEC or an exemption to registration is available. Similarly, the law requires parties such as securities broker-dealers, investment advisers, alternative trading systems (ATS), and exchanges to register with the SEC, a state regulator, and/or a self-regulatory organization (SRO), such as FINRA. Moreover, entities and platforms involved in lending or staking crypto assets may be subject to the federal securities ...
Read More
Read More
Reuters | March 22, 2023 The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc over some of the crypto exchange's products, turning up the heat on the largely unregulated sector. The potential enforcement actions would be tied to aspects of Coinbase's spot market as well as its Earn, Prime and Wallet products, the company said. Shares of Coinbase dropped nearly 13% to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice - a formal declaration that SEC staff intend to recommend an enforcement action. Coinbase said its services continued to operate as usual after the notice was issued. See: Coinbase Begins ‘Wallet as a Service’ Enabling Companies to Integrate Into Their Own Apps A Wells notice does not always result in charges or signal that the recipient has violated any law. A Wells notice is typically one of the final steps before the SEC formally issues charges. It generally lays out the framework of the regulatory argument and offers the potentially accused an opportunity to rebut the SEC’s claims. Coinbase Chief Legal Officer Paul Grewal said in a blog post: Although we don’t take this ...
Read More
Read More
Guest Post | March 23, 2023 After entering college, people's lives change dramatically. On the positive side, they meet new people, make friends, and experience new emotions. However, they are now adults who must live on campus, pay for college, and become financially independent from their families. In addition to this, they have to attend lectures, prepare homework, participate in college activities, etc. It's a lot of stress, pressure, and sleepless nights. To lighten their workload and speed up the process of doing homework, some students use artificial intelligence-based online tools such as GPT Chat. Others hire assignment writing services, pay the required amount, and receive their papers on time. Both options can help with homework, but which option is better? Let's discuss this further. Are Assignment Writing Services Legal? There are currently no specific laws in the United States that prevent students from hiring assignment writing services or using AI tools for academic purposes. Thus, students can count on the help of assignment writers, especially when they provide a detailed plagiarism report to prove the originality of the work. The problem is finding a reliable service that has a team of experts who write an authentic copy from scratch ...
Read More
Read More
CoinDesk | Nikhilesh De, Oliver Knight | March 22, 2023 Sushi DAO and Head Chef Jared Grey were served with a subpoena by the U.S. Securities and Exchange Commission, the decentralized autonomous organization revealed Tuesday. Grey proposed creating a "Sushi DAO Legal Defense Fund" in a forum post, saying it would "cover legal costs for core contributors." The proposal recommends making $3 million in tether (USDT) available for core contributors, with another $1 million worth of USDT available in case the initial $3 million are used up. The sushi token dropped 5.5% on the news. One of the initial comments on the forum post asked how the DAO known as Sushi was subpoenaed, with the user saying they did not receive it despite being a member of the DAO. "We’re cooperating with the SEC. We do not intend to comment publicly on ongoing investigations or other legal matters," the forum post said. Continue to the full article --> here 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 ...
Read More
Read More
March 22, 2023 Regarding legal matters: it's always better to be safe than sorry. While there are many situations where a person may try to navigate legal issues on their own - there are instances wherein hiring a lawyer is an absolute must. Here are the top six situations when hiring a lawyer is essential. Criminal Charges If you are facing criminal charges, hiring a lawyer right away is essential. An attorney can help protect your rights, build a strong defense, and negotiate with prosecutors. When choosing a lawyer, it's critical to find someone with experience in your case's specific area of law. You'll also want to ensure that the lawyer has a good track record and a reputation for being a strong advocate for their clients. The seasoned legal practitioners behind https://colbylegal.com/ recommend that you opt for a lawyer who is responsive and attentive to your needs, as well as someone who will keep you informed throughout the legal process. This way, you can make better decisions about your case and feel confident that you're getting the best representation. Personal Injury Claims Hiring a personal injury lawyer is necessary if you sustained injuries due to an accident caused by ...
Read More
Read More
Exploding Topics | Josh Howarth | Jan 20, 2023 The fintech space is making fast strides across many financial sectors, including consumer and B2B. Fintech investment and consumer adoption are clearly on the rise. But to what extent? And where is this industry headed? This list has you covered with a wide range of key, up-to-date financial technology (fintech) statistics. Fintech Industry Size: The fintech industry is worth approximately $180 billion (Deloitte) Global fintech industry revenue has nearly doubled since 2017 (Deloitte) There are currently over 26,000 fintech startups worldwide. This figure has grown dramatically over the past few years (up from only around 12,000 fintech startups in 2019). See: KPMG: Canadian Fintech Investment Drops in 2022, Mentality Shift to ‘Sensible’ Growth Investment: Fintech industry investment has increased 3.5x since 2015 (KPMG) In 2012, investment in fintech totaled $4 billion. By the end of 2021, fintech investment reached $210 billion. Venture capital distributions by sector funding: #1 Capital markets $8.07 billion #2 Payments $6.03 billion #3 Wealth management $5.43 billion #4 Digital lending $3.97 billion #5 SMB $3.36 billion #6 Banking $3.27 billion #7 Real estate $2.42 billion #8 Insurance $2.30 billion Adoption: 90% of Chinese citizens use fintech banking, ...
Read More
Read More
March 21, 2023 If you don't plan, you're planning to fail, as the old business adage goes. It's a cliché, but those who are really committed to their achievement, especially traders, should treat those words as if they were carved in stone. If you ask every successful trader, the answer will likely be the same: you must strictly adhere to a predetermined strategy, or you will be doomed to failure. You're in the minority if you already have a detailed trading or investment strategy that will help your portfolio, and congratulations on that. Creating a viable strategy or technique for trading the financial markets is a lengthy process that requires much study and investigation. While there are no guarantees, you have removed a substantial obstacle. For those of you who haven’t done it yet, here is a comprehensive guide on how to do so in order to get solid results and improve your portfolio. Have a Clear Understand of the Market A solid understanding of the market you are going to trade on is vital for establishing a smart trading strategy. Being well-versed in the field of trading will equip you to comfortably deal with the abundance of data present ...
Read More
Read More
March 20, 2023 Bitcoin has become incredibly popular in Canada over the past decade. Celebrities keep tweeting about it. Casinos are now accepting it for payments while tech-savvy Canadians are buying it as an investment. In the online casino space, almost every website has bonuses for crypto users. Some of them also feature games created on the blockchain. What’s this commotion all about? How is Bitcoin benefiting online casinos in Canada? Fast and Secure Payments Slow, unsecured payments kill hundreds of businesses every year according to the Harvard Business Review. That’s why many new casinos are embracing crypto at such a fast pace. Bitcoin processes transactions in an average of 10 minutes. If you use an alternative coin like XRP, you can send money around the world in seconds. It doesn’t matter if you’re sending $10 or $1 billion worth of crypto—the blockchain system is lightning fast. It’s also secure. Bitcoin addresses are encrypted using cryptography. This means no one can decipher the data. Secondly, they’re stored on the blockchain, which is decentralized and impossible to hack. Although most crypto casinos accept bitcoin for deposits, some of them also accept Ethereum, Litecoin and Bitcoin Cash. Visit Bitcoincasinocanada.com to find the ...
Read More
Read More
CFPB | Mar 15, 2023 The Consumer Financial Protection Bureau (CFPB) issued a request for information on “data brokers,” “an umbrella term to describe firms that collect, aggregate, sell, resell, license, or otherwise share consumers’ personal information with other parties. See: Davos: Cooperation in a Fragmented World: In Data We Trust The CFPB is looking to better understand the “scope and breadth of data brokers’ business practices and the impact of those practices on the marketplace and peoples’ daily lives,” especially in relation to credit reporting and the requirements and intentions of the Fair Credit Reporting Act. Continue to view the announcement --> here Download the 13 page PDF RIF --> here 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 ...
Read More
Read More
Reuters | Stefania Spezzati, Oliver Hirt and John O'Donnell | Mar 19, 2023 Move follows Swiss rescue of Credit Suisse and signals depth of concern over the global financial system Some of the world’s largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal. UBS will pay 3 billion Swiss francs (US$3.23 billion) for 167-year-old Credit Suisse and assume up to US$5.4 billion in losses in a deal backed by a massive Swiss guarantee and expected to close by the end of 2023. Soon after the announcement late on March 19, the U.S. Federal Reserve, the Bank of Canada, European Central Bank and other major central banks came out with statements to reassure markets that have been walloped by a banking crisis that started with the collapse of two regional U.S. banks earlier this month. The Fed said it had joined with central banks in Canada, England, Japan, the EU and Switzerland in a coordinated action to enhance market liquidity. The banks said they would start offering daily loans in dollars to their banks to avert stress in ...
Read More
Read More
Related Posts
How Regulation Crowdfunding Stood up to the First Weeks of Coronavirus – Almost Opposite of the Public Markets
CCAF Releases 2nd Global Alternative Finance Benchmarking Data and Total Fintech Volumes
Cambridge Centre for Alternative Finance Publishes First Global Report on Alternative Finance: Over $300 Billion in Volume in 2018
Cambridge launches the Global Alternative Finance Industry Benchmark & Covid-19 Rapid Assessment Survey in Partnership with World Bank Group and World Economic Forum
Shifting Paradigms: The 4th European Alternative Finance Benchmarking Report
Online Alternative Finance Market in the U.S. Surges to More Than $36 Billion in 2015: KPMG Report
Leave a Reply