Global fintech and funding innovation ecosystem

Cambridge Survey of Alternative Finance Needs Your Participation!

University of Cambridge and Ivey Business School | by Tania Ziegler and Michael King | Aug 8, 2018

Fintech research - Cambridge Survey of Alternative Finance Needs Your Participation!The 2018 Americas survey of alternative finance conducted the University of Cambridge Centre for Alternative Finance is nearing its closing stages. This global survey of crowdfunding and lending via online platforms is the benchmark for the industry, providing the most comprehensive data on this fintech activity.  In Canada, Cambridge is being assisted by their research partners and the Scotiabank Digital Banking Lab at Ivey Business School.  NCFA is a supportive community partner.

Leading platforms should have received an email with details on how to complete the survey from either Tania Ziegler at University of Cambridge or Professor Michael King at Ivey. It is vital that platforms participate in order to demonstrate the importance of this sector to Canadians and to policymakers at the federal and provincial levels.

King says, “As we look ahead to the completion of the Federal Financal Sector Review early in 2019, this data will be vital for promoting open banking and other initiatives that support Canada’s fintech sector. When platforms opt out, they are effectively telling policymakers that alternative finance is not important and not worthy of the government’s attention or support.”

The timing of the survey coincides with forces that are both helping and hurting alternative finance in Canada. The good news is that the Government of Ontario recently committed to fund loans for small businesses through peer-to-peer lending platforms including Lending Loop. At the Federal level, the 2018 budget included a section titled “ Fostering Innovation and Competition” that committed to review the merits of open banking, support an innovative retail payments system, and review the financial sector legislation to adapt to innovations that benefit Canadians.

See:  Cambridge Centre for Alternative Finance Launches Global Research to Provide the Most Comprehensive Research on Fintech Available Today

The bad news, however, is that the alternative finance industry is facing headwinds as interest rates increase with household debt levels at historic highs. Platforms and other fintech start-ups continue to face uphill battle to win the support of provincial securities regulators and federal bodies, despite moves in foreign jurisdictions to support the fintech sector.

The Cambridge survey is the largest academic benchmarking study on alternative finance and the only effort to collect rigorous data from all regions of the world – the UK and Europe, Asia, North and South America, and the Caribbean. The data is self-reported by platforms with the results published in the fall and available free to the media and other audiences on the Cambridge website. It provides invaluable vetted market intelligence on the fintech industry, informing local and regional regulatory authorities and policy-makers.

Last year’s report, Hitting Stride, identified that the Canadian Alternative Finance landscape had grown significantly (by 62% against the previous year). While anecdotal evidence suggests the Canadian landscape continues to develop rapidly, the researchers need as many platform to participate as possible to ensure that our research is sufficiently representative.

 

start the survey now - Cambridge Survey of Alternative Finance Needs Your Participation!

While the data is collected via a secure, online website, participants can also make submissions directly to University of Cambridge using other formats if preferred. Anyone requiring assistance completing this survey or with additional questions are encouraged to contact Ziegler (t.ziegler@jbs.cam.ac.uk ) or King (mking@ivey.ca) by email.

 


NCFA Jan 2018 resize - Cambridge Survey of Alternative Finance Needs Your Participation!The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, STO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org

Latest news - Cambridge Survey of Alternative Finance Needs Your Participation!FF Logo 400 v3 - Cambridge Survey of Alternative Finance Needs Your Participation!community social impact - Cambridge Survey of Alternative Finance Needs Your Participation!

Digital Services Taxes | Jul 22, 2024 What You Need to Know About Canada's New 3% Digital Services Tax (DST) Canada has adopted a new Digital Services Tax (DST), which imposes a 3% tax on digital services revenue retroactively to January 1, 2022. This tax is intended to collect revenue from the expanding digital economy and targets multinational corporations that benefit considerably from Canadian markets. This action aligns Canada with other countries, such as France and the UK, that have implemented comparable taxes to remedy gaps in the international tax framework. Deputy Prime Minister and Finance Minister Chrystia Freeland to CBC News: "Its simply not reasonable, not fair, for Canada to indefinitely put our own measures on hold," she said. "A number of other countries have a DST in place right now, and they have had a DST in place for a number of years with no retaliation [from the U.S.]." See:  Canada’s Capital Gains Tax Hike Moves Forward Katherine Cuplinskas, Freeland's press secretary to CBC News: Canada strongly supports international efforts to end the corporate tax race to the bottom and to ensure that all corporations, including the world's largest corporations, pay their fair share," Key Aspects, Scope, and ...
Freepik studiogstock taxes - Cambridge Survey of Alternative Finance Needs Your Participation!
Regulation | Jul 22, 2024 CFPB Proposes New Earned Wage Access Rules and Implications for Canadian Stakeholders The Consumer Financial Protection Bureau (CFPB) of the United States has issued new interpretive regulations for Earned Wage Access (EWA) providers. These policies are intended to improve openness and consumer protection in the financial sector. While the new rules are U.S.-specific, there are implications for Canadian stakeholders. EWA Demand and Regulatory Concerns The demand for EWA products has grown rapidly due to the rising cost of living, inflation, and financial stress. See:  Redefining Payday: Earned Wage Access (EWA) Insights from Harvard Study EWA services are either managed directly via an employer's payroll system, which allows employees early access to a portion of their earned wages prior to payday.  EWA can also be managed through a third party app or online service (EWA provider), such as AnyDay in Canada, or Payactiv in the U.S. Over 60% of U.S. workers are living paycheck to paycheck. In Canada, 47% are living from paycheck to paycheck and managing significant debt.  A survey by the Federal Reserve Bank of Kansas City found that transaction fees for EWA services can result in annualized APRs of up to 331%, highlighting ...
Freepik pvproductions EWA - Cambridge Survey of Alternative Finance Needs Your Participation!
Jul 19, 2024 We live in a world of dazzling technology where one single computer, used the right way, can launch a business or start a global conversation. The online digital world is a dynamic place. However, modern audio-visual equipment can make the offline world just as exciting, too! Thankfully, the right equipment can empower smaller organizations to throw unforgettable events that stay with attendees long after they’re over. Please read on to learn more. Lighting Matters When an event is lit properly, guests feel more at ease and even excited by being present. The right type of lighting elevates their mood and makes an event feel significant. Leaders like Toronto Audio Visual Rentals offer all the choices you could ever need, from LED lighting, colourful wall washes, podium spotlights, and an array of options to pump up any dance floor. Whether your event is a staid affair where speakers host a question-and-answer session or a fun, laid-back networking event with drinks, the lighting really sets the mood. Sound is More Than Just Hearing Like lighting, sound quality also matters more than you may think. There’s a difference between hearing a speech or music and hearing it. The words need ...
Pexels Roman Pohorecki Event AV - Cambridge Survey of Alternative Finance Needs Your Participation!
Report | Jul 19, 2024 CB Insights Report for Global Fintech Overview Q2 2024 CB Insights Global Fintech Q2 Report recently dropped.  Global fintech funding increased to $8.9 billion in Q2 2024, up 19% from the previous quarter, mostly due to two large deals: $694 million from Stripe and $650 million from AlphaSense. Having said that, the total number of deals fell by 16% in spite of this increase, suggesting investor caution. Deals for companies in the middle and later stages made up 20% of the total, up from 18% in 2023 (especially in payments and lending). See:  Fintech in 2024: Growth, Challenges, and Opportunities While the median deal size increased to $4 million, the average deal size decreased somewhat to $12.8 million. Significant investment poured into digital asset firms, as the crypto winter thaws and trump trade grows, which accounted for 30% of the best early-stage deals. With a 45% increase in investment to $4.8 billion, the US took the lead, while aid to Latin America increased by 22% to $442 million. Regional Comparisons The US led global fintech funding with $4.8 billion, marking a 45% increase. The US accounted for 40% of equity deals and 36% of exits ...
CB Insights Global Fintech Q2 2024 - Cambridge Survey of Alternative Finance Needs Your Participation!
Banking Innovation | Jul 19, 2024 NatWest Launches Retail Banking App on Apple Vision Pro As reported by Finextra, NatWest has made the bold move of launching its latest retail banking app on Apple's Vision Pro, an innovative mixed-reality headset and are one of the first banks to do so.  By utilizing the immersive qualities of augmented reality, they hope to completely transform the way that consumers interact with their accounts and offer a more engaging, personalized and interactive, hands-free, banking experience with the latest biometric security technologies. See:  Unveiling Apple Vision Pro: A Leap in Spatial Computing Wendy Redshaw, Chief Digital Information Officer at NatWest: “It’s great to be a first-mover with such exciting new technology. It will be interesting to take learnings, understanding how customers use the app in this new technology to deal with their finances, and to understand how we can create bespoke propositions to serve them even better. It’s just one insight into how the future of banking could look in the future - watch this space.” Do Retail Customers Really Need Mixed-Reality Banking Apps? While traditional retail clients may not "need" mixed-reality banking apps, these apps offer considerable advantages that can improve their experience ...
Freepik rawpixel.com VR headset - Cambridge Survey of Alternative Finance Needs Your Participation!
Jul 19, 2024 In today's rapidly evolving world, sustainability is not just a trend—it's a necessity. With the growing awareness of environmental issues among homeowners, there has been a significant increase in the demand for eco-friendly plumbing solutions. If you're considering making your home greener, consulting a knowledgeable plumber about sustainable plumbing innovations is a great place to start. Here, we explore some of the most exciting eco-friendly plumbing innovations transforming homes and promoting sustainable living. Low-Flow Fixtures Installing low-flow fixtures like faucets, showerheads, and toilets represents a straightforward yet incredibly effective eco-friendly improvement in plumbing. These fixtures consume less water, significantly lowering your home's water usage. A plumber can assist you in selecting and installing these fixtures, ensuring they maintain adequate water pressure while conserving water and lowering your utility bills. Tankless Water Heaters Traditional water heaters operate by continuously heating and reheating water, resulting in considerable energy inefficiency. In contrast, tankless water heaters heat water only when required, providing hot water instantly when needed. This innovation reduces energy consumption and saves space in your home. Consulting with a plumber can help you select the optimal tankless water heater tailored to your home's particular requirements. Greywater Recycling Systems Greywater ...
Freepik Sustainable home plumbing - Cambridge Survey of Alternative Finance Needs Your Participation!
Launch Release | Jul 18, 2024 A New Equity Crowdfunding Portal Dedicated to Servicing Albertan Small Businesses has Launched July 17, 2024, Calgary AB - A new equity crowdfunding portal, Go Alberta, has announced it's launch, and is aimed at helping Alberta's small businesses. Throughout the province, small and medium-sized businesses (SMEs) will be able to access a community-driven finance solution.  Go Alberta's goal is to empower local companies by introducing them to a variety of investors so they can raise the capital they require to expand and prosper. By democratizing investment options, this platform enables regular Albertans to contribute to and profit from the success of regional businesses. See:  Equity Crowdfunding Demystified: Insights from Wefunder and Equivesto There are numerous of benefits to raising an equity crowdfunding campaign, such as: Offers an innovative and accessible way for companies to obtain capital, particularly those that are having trouble obtaining traditional finance. Gives Albertans the opportunity to support via investment the economic development of their local communities. Investors benefit when the companies they support develop and succeed, fostering a win-win situation in support of local economies. Equity Crowdfunding Regulations In Alberta and across Canada, equity or investment crowdfunding is governed by ...
GO Alberta equity crowdfunding portal - Cambridge Survey of Alternative Finance Needs Your Participation!
Jul 18, 2024 The present digital landscape is dominated by social media, with brands vying for attention amid the online competition. A staggering 5.07 billion people—comprising 62.6% of the world's population—were using social media platforms as of May 22nd, 2024, thus encouraging an increasing number of businesses to focus on their social media presence to effectively connect with audiences. As a result, collaborating with influencers has emerged as a highly effective marketing strategy whereby individuals who have gathered loyal followings can instill trust and engagement essential for your brand’s success. By selecting appropriate influencers to work with, you can boost your overall social media outreach efforts resulting in record-breaking levels of impact. This article examines the tactical implementation of influencer collaborations to enhance your brand's social media visibility. Boost Your Followers Before Finding the Right Influencer Influencer partnerships are a two-way street. While you will certainly look for influencers with a substantial following to reach a wider audience, the influencers themselves will expect the same from your brand. More followers signal that your brand already has something of value, making it a win-win for influencers. They get exposure to your engaged community, and you leverage their reach to skyrocket yours ...
Pixabay MarieXMartin Girl Smartphone Social Media - Cambridge Survey of Alternative Finance Needs Your Participation!
Jul 18, 2024 Imagine this: you’re on a cross-country train or perhaps sailing on a boat, and you suddenly need a document notarized. Is it even possible? Can a mobile notary come to your rescue in these situations? For those always on the move, this could be a game-changer. If you're curious about how mobile notary services work, check out https://onenotary.us/mobile-notary-service/. Can a notary keep up with your travels? When you're constantly on the go, finding a notary can feel like trying to catch a butterfly with a net. But guess what? Mobile notaries are up for the challenge. These pros are like the superheroes of the notary world, coming to your aid whether you're on a train, bus, or boat. Picture this: You’re on a long train ride, sipping on some lukewarm coffee, and realize you forgot to notarize an important document. Panic sets in. But don’t worry! A mobile notary can meet you at the next stop, hop on the train, and take care of business while you enjoy the scenic route. It’s not just a pipe dream. This is actually happening! Now, you might wonder, “How does this even work?” It’s simpler than you think. Mobile notaries ...
Freepik Notary services - Cambridge Survey of Alternative Finance Needs Your Participation!
DAOs - Legal Perspective Report | Jul 17, 2024 UK Law Commission Publishes DAO Scoping Report The UK Department for Business and Trade, sparked by interest from HM Treasury, commissioned a study back in September 2022 to investigate the legal framework surrounding Decentralized Autonomous Organizations (DAOs). A call for evidence on the design, functionality, and legal integration of DAOs was quickly announced in November 2022, which had 27 submissions from academics, technologists, and attorneys offering various perspectives. Combined with follow-up discussions, the contributions culminated in a comprehensive 289 page PDF 'DAO Scoping Report' that examines the legal framework around DAOs today and identifies potential options for legal reform. What is a DAO? A Decentralized Autonomous Organization (DAO) is a novel type of online organization that functions by enforcing rules stored as computer programs, usually with the help of blockchain technology. With DAOs, decision-making and governance is managed by a community of participants instead of traditional hierarchical systems or middlemen. See:  The Emergence of Insurtech Solutions for DAOs Key features include: Decentralization --> Rather than being concentrated in the hands of one authority, control and decision-making are shared by all parties. Autonomy --> Smart contracts, which are self-executing and automatically enforce ...
UK Law Commission DAOs A Scoping Report - Cambridge Survey of Alternative Finance Needs Your Participation!

 

Leave a Reply

Your email address will not be published. Required fields are marked *

14 − two =