Category Archives: Research

Useful Tips to Handle Bulk Flash Drives

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Guest Post | May 23, 2020

Flash drives and USB sticks - Useful Tips to Handle Bulk Flash DrivesOver the years, the many forms of data storage and transfer devices have failed due to one reason or another. Floppy disks used to get spoiled too quickly, and CDs were an inconvenience when having to burn data on to them just to make it portable. However, after the introduction of USB flash drives to the market, numerous problems faced by almost anyone who had a job working with computers were solved.

They are known by many names; flash drives, thumb drives, USB drives, pen drives etc. and come in many shapes and sizes but their main function is storage and transfer of digital data from one location to another. The biggest benefit of these devices is that they are USB (meaning they connect via universal serial bus terminals) and the fact that they are plug-and-play (meaning that they do not require any external software to be installed before use).

However, as with anything on the market, certain precautions need to be taken while making a purchase for a USB drive as well as during its use.

Some Things to Know When Purchasing a Flash Drive:

  • Avoid buying a USB drive that requires any software to be installed on your computer for it to be able to function. As discussed earlier, flash drives do not need software to run on your computer; therefore, if one does require any software, it is usually going to cause numerous problems later on.
  • USB devices come in all shapes and sizes, and there are versions of these devices available that are simple and sleek and even versions that are shaped like various things from your favourite cartoon character to edibles like a pack of French fries or a piece of sushi. Although buying a uniquely shaped thumb drive might be extremely tempting, it is always a good idea to buy one that is thin and small. USB ports in a computer are usually built close together, and at times it can be difficult to attach a bulkier USB in one of them, especially if you have an external USB mouse or keyboard already attached.
  • Along with the external size of the thumb drive, it is also important to pay attention to the internal memory space. It is essential to remember a USB drive’s physical size has no influence over its storage capacity. However, buying a USB with a storage capacity that lines up with your needs is a good idea to avoid any further inconveniences.

Precautions to Take When Using USB Drives:

Flash drives are an extremely easy tool to use, and every computer invented and sold in recent years has many USB ports available for the thumb drives to simply plugin and start functioning. They don’t require any cables, external battery, any power supply or even the need to restart a computer. As soon as a USB drive is connected, it becomes visible as a new device and is ready to use within a minute or two of connection.

Some Security Measure When Using With a Mac

On a Mac, the icon for the drive appears on the desktop as soon as the connection has been made. This is similar to a CD or DVD, and the user has two options: drag and drop the files which they want to transfer to the Flash drive icon or open the drive like a folder on the computer and work in that manner.

See:  Banks, fintech startups clash over ‘the new oil’ — your data

When saving a currently open document on your flash drive one can simply choose the save as option and select the drive location from the dropdown menu. However, it is important to remember to close any open files before ejecting and removing the USB drive from the computer.

There are steps to be followed when removing a flash drive from a computer. One must first “Eject” the drive by holding ‘ctrl’ and clicking on the drive which opens up a menu and choosing the “Eject” option from this menu. However, if the USB drive disconnected without following the proper procedure, it can result in loss of data or the drive becoming corrupt.

Some Security Measure When Using With a PC

When using a flash drive with a PC, the drive will often take the next available letter when it is plugged in. It can be easily accessed via ‘My Computer’ folder and by looking for the name “removable disk”. However, there are a few precautionary measures to be taken when one has finished working with the drive:

  • Locate the green arrow icon on the taskbar (this can be usually found near the clock and volume control). If an individual is not sure about the icon they are looking for they can simply hover their mouse over each icon until they find the one that reads “Safely Remove Hardware”.
  • Once this icon has been located, click on it and a menu will appear with a list of devices connected to the computer. It is possible to have more than one device listed if you have more than one device connected to the computer, click on the device that needs to be removed.
  • Wait for a few seconds after clicking the option, and a pop up will appear informing you that the hardware has been safely disconnected and it is safe to remove it from your computer. The device can now be detached from the USB port.
  • It is essential to remember to do these few steps as they ensure the safe removal of the device. Failing to do these may result in data loss and/or corruption of the USB device.

See:  58 Must-Read Remote Work Resources | 50 Great Remote Working Resources

Some Steps to be Followed for the Proper Care of the Flash Drive:

Amongst the general precautions to be taken when working with any digital device for e.g., keeping it away from moisture and heat, a few other steps can be taken to eliminate the possibility of losing the drive. A name tag can be added to the drive so it can be safely returned to you in case you misplace it. This can be done on of two ways

  • You can name your device in software form by changing its name to yours.
  • Attaching a name tag or getting your name engraved on the device itself.

At the end of the day, taking a few precautions can make the experience of using these helpful tools enjoyable and full of ease. However, if these precautions are not taken, a person can find themselves in a compromised situation.

 


NCFA Jan 2018 resize - Useful Tips to Handle Bulk Flash Drives 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

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Remote Working Cybersecurity Checklist

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Cyber Management Alliance | Aditi Uberoi | May 21, 2020

CMA Cybersecurity checklist - Useful Tips to Handle Bulk Flash Drives

Established in 2015, Cyber Management Alliance is one of the world’s leading cyber incident & crisis management service providers offering advisory, executive training and bespoke workshops in all aspects of cyber crisis management, incident planning, incident response testing and tabletop exercises. Cyber Management Alliance (CM-Alliance) is the creator of the internationally-acclaimed NCSC-Certified, Cyber Incident Planning and Response (CIPR) course. Previous attendees of the NCSC-Certified CIPR course and tabletop exercises include organisations including the United Nations, UK Ministry of Defence, several UK Police Forces, NHS Trusts, European Central Bank, Swiss National Bank, Microsoft, Ernst and Young, BNP Paribas and many others.

See:

 

Remote Working Cybersecurity Checklist

Some areas of risk - note this is not a comprehensive list but a list to help you prepare for cybersecurity attacks:

  • Cybersecurity
  • Passwords
  • Mobile Equipment
  • Privileged Users
  • Phishing Emails and Scams
  • Policy and Illegal Activity
  • Working remotely, Online Meetings & Calls
  • Exceptions and Change
  • Privacy
  • Cyber Attack and Incident Response
  • Backup Backup Backup
  • HR and Mental and Occupational Health
  • Video and Audio Conferences
  • Helpdesk & Support

Download the Remote Working Cybersecurity Checklist --> Now

 


NCFA Jan 2018 resize - Useful Tips to Handle Bulk Flash Drives 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

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How is Amazon disrupting the financial services sector?

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Fintech Magazine | Matt High | May 13, 2020

Jeff Bezos - Useful Tips to Handle Bulk Flash DrivesAmazon is unbundling financial services from every angle, according to a recent report by CB Insights

The report, Everything You Need to Know About What Amazon is Doing in Financial Services, recognises Amazon’s building of a host of financial services products and tools in the areas of payments, cash and lending.

These, it notes, “support its core strategic goal: increasing participation in the Amazon ecosystem”.

In this article, we look more closely at Amazon’s activity in the payments sector.

The modern banking experience

There is ongoing speculation around the entry of Big Tech companies such as Amazon into the financial services sector.

See: 

However, says CB Insights, to understand the implications of such a move, it is important to analyse the company’s current financial services strategy.

To date, says the report, there is little sign of Amazon working to build the next generation of banks. Rather, the company has built and launched tools with the aim of:

  • Increasing the amount of merchants on Amazon and enabling them to sell more

  • Growing the number of customers on Amazon and allowing them to spend more

  • Continuing to reduce any buying or selling friction that exists.

The company has also made a number of fintech investments in international markets aimed at building a pool of partners that can achieve its overarching strategic goals.

While these don’t equate to a traditional banking experience, CB Insights explains that

“Amazon has taken the core components of a modern banking experience and tweaked then to suit [its] customers.” It adds that “In a sense, Amazon is building a bank for itself - and that may be an even more compelling development than the company launching a deposit-holding bank”.

Payments

Investment in payments infrastructure has been a core focus of the company, says CB Insights. Amazon Pay, for example, no offers a digital wallet to customers and a payments network for online and brick-and-mortar merchant service.

See: 

 

It is, however, the latest iteration of more than a decade’s worth of forays into payments functionality from the brand, which includes products such as Pay with Amazon and Amazon Webpay.

The report notes several techniques that have been employed by Amazon to improve its payments experience, including digital wallet technology, mobile payments developments and partnering with other merchant acquirers.

On possible future developments in the payments sphere, CB Insights points to Amazon’s announcing an integration with Worldpay in 2019, which acts as a back-end intermediary between banks and credit card companies.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Useful Tips to Handle Bulk Flash Drives 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

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Brace for Impact: VC Funding of Fintechs Has Terrible Q1

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Crowdfund Insider | | May 12, 2020

Q1 2020 CB Insights global fintech VC - Useful Tips to Handle Bulk Flash Drives

This should come as no surprise but Q1 was horrible for VC-backed Fintechs as the Coronavirus pounded private capital markets and crash-landed the once robust market. According to CBInsights, the first quarter of 2020 was one of the worst quarters for Fintech funding in years. Investors pulled back (while still claiming they were open for business), mega-rounds stalled globally, and China reported just 129 deals, raising $175 million, during the quarter – the worst reported since 2015. Seed and angel rounds dropped to 5 quarter low.

According to the report, total Fintech funding totaled $6.079 billion during Q1 versus the same quarter year prior of $7.14 billion. During Q4 of 2019, Fintechs raised $9.577 billion. The total number of deals funded dropped to 2016 levels with 404 completed transactions. Every region except Africa saw a decline in Fintech deals during the quarter.

See:

Regionally, Asia, typically dominated by China, saw a 69% decline quarter over quarter registering 108 deals for $883 million.  India topped China’s funding total for the first time in 5 quarters. Both China and India reported 29 deals but the deals in India raised $421 million. In China, Fintechs raised just $175 million.

In Europe, 108 Fintech deals generated $1.6 billion in VC funding. Comparing to the same quarter in 2019, Fintech funding was down only slightly while the number of deals dropped from 119 in 2019.

In the US, $3.3 billion was raised for 148 deals – down both year over year and sequentially. US Fintech deals dropped 23% quarter over quarter to a 13-quarter low, as funding hit its lowest point since Q3 of 2018.

So who wins the funding crown? Digital bank Revolut that presciently raised $500 million, at a $5.5 billion valuation, in February just as the pandemic emerged. Timing counts.

Following Revolut in the Fintech funding line up:

  • toast – $400 million at a $4.9 billion valuation
  • bakkt – $300 million
  • Klarna – $200 million at a $5.5 billion valuation
  • Chime – $200 million
  • iCapital Network – $146 million

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Visit CB Insights to Download the Full Report --> here

 


NCFA Jan 2018 resize - Useful Tips to Handle Bulk Flash Drives 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

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Challenger banks’ app downloads slump by 23.38% amid pandemic

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Finbold | Oliver Scott | Apr 29, 2020

challenger banks - Useful Tips to Handle Bulk Flash Drives

Leading challenger banks have witnessed a significant drop in the number of new app downloads in the wake of the Coronavirus pandemic. Data compiled by Finbold.com indicates that on average, the challenger banks’ app downloads dropped by 23.38% by the end of March 2020 compared to February this year.

See:  Dirty money: The case against using cash during the coronavirus outbreak

Among the leading impacted challenger banks is United Kingdom’s Monzo whose app downloads declined by -36.12%. Last month the bank only registered 148,608 downloads, a drop from February’s 232,639. During a similar period last year, the bank was on a growth trajectory in terms of app downloads registering a percentage increase of 27.68% between February (123,317) and March (157,463) 2019.

On the other hand, Revolut saw a drop of -18.16% in downloads. In March 2020, the platform had 95,461 downloads, a drop compared to 116,648 registered a month earlier. Just like Monzo, Revolut was on a growth path during a similar period last year. In March 2019, the neobank attracted 73,016 downloads, representing a growth of 13.19% from 64,504 new downloads in February last year.

Similarly, London based Starling bank saw a drop of -20.03% in new downloads when it registered 80,523 downloads in March 2020. A month earlier the bank’s downloads stood at 100,704. Generally, the bank was emulating peers by witnessing an increase in the number of users a year earlier. Between February and March last year, the bank’s new downloads grew by 11.36%.

Drop in challenger banks’ downloads beats expectations

Notably, fluctuations in the number of new downloads for non banks is common. However, the drop across the board in March calls for a deeper analysis.

See:  FT Partners Report (Jan 2020): The Rise of Challenger Banks: Are the Apps Taking Over?

The drop in the number of sign-ups comes as a surprise. As the Coronavirus spread across the globe between February and March, paperless money transactions were the go-to thing. This is one means of curbing the virus spread. Expectations were that many people and businesses will turn to digital banks in the course of the pandemic for transactions.

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NCFA Jan 2018 resize - Useful Tips to Handle Bulk Flash Drives 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

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How regulatory collaboration transformed markets

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Innovate Finance | April, 2020

fintech and regulators collaborate - Useful Tips to Handle Bulk Flash DrivesGlobal initiatives to bring fintechs into the regulatory ecosystem are having an enormous positive impact on innovation. Better still, the successes enjoyed to date are set to be just the beginning.

In the decade following the global financial crisis, domestic watchdogs around the world brought in dozens of new rules designed to refine risk-taking, improve compliance oversight and stimulate confidence in global markets.

See:  Hawaii launches state-initiated digital currency sandbox

But for many in the financial industry, regulators became an easy target, criticised for being heavy handed with new regulations.

At the same time, some have attracted praise for their work in developing markets, stimulating innovation and encouraging new market approaches – such is the case with the UK financial regulator’s sandbox initiative.

History of the sandbox

Regulatory sandboxes, or “innovation hubs” have emerged as testing grounds for fintechs globally. The sandbox provides a controlled environment for the live testing of new technologies and financial products by both authorised and unauthorised firms, under the supervision of the regulator.

In the UK, the FCA defines its regulatory sandbox as a platform that “allows businesses to test innovative propositions in the market with real consumers.”

The initiative was first introduced in the UK in a report back in November 2015, before initial applications were accepted in June 2016. The impact on the British fintech scene has been considerable.

See:  Fintech Innovation: Sandboxes as a Tool (Presentation by Randee Pavalow)

When it comes to the role that domestic regulators and global standards bodies play in setting minimum service obligations for fintechs, sandboxes have shown that regulation does not have to hinder innovation. In fact, the FCA sandbox approach has shown how a regulatory approach can foster both competition and trust.

Global appeal

The sandbox model has become so widely appreciated that it is offered in several jurisdictions across Europe and Asia.

“We’ve had quite a lot of conversations with the Dutch regulator, the AFM [Dutch Authority for the Financial Markets],” Mr Sluys explains. “They have a very similar model and have been very helpful so far, on our journey.”

Like the FCA, Singapore has also been widely praised for its regulatory approach in stimulating financial innovation. In November last year, the Monetary Authority of Singapore (MAS) announced a collaboration with consultancy group Deloitte and S&P Global Market Intelligence, to develop a prototype for an industry-wide fintech research platform.

The resulting platform will assist investors and financial institutions in connecting with fintech start-ups that they can partner with or invest in.

See:  FCA: Regulating innovation: a global enterprise

MAS also launched the ‘Sandbox Express’ in August 2019, which should provide firms with faster market testing of products and services.

Ms Ghosh explains: “I think the predominant purpose of the private sector when it comes to cohorts is not to give regulatory flexibility. It is to see whether an idea is worth investing in further, accelerate the growth of the company by providing it with additional resources… and then working out whether it’s worth acquiring.”

“One thing we see very clearly is that banks and asset managers who operate innovation programmes inside their organisations tend to do better,” Mr Toms says.

He cites the Barclays Rise initiative, which champions fintechs, as an example of “a really strong innovation team and approach”. Barclays Rise has been rolled out across Mumbai, London, New York and Tel Aviv.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Useful Tips to Handle Bulk Flash Drives 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

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BNY Mellon Report: Global Payments 2020: Transformation and Convergence

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BNY Mellon | Dominic Broom | Apr 2020

Global payments 2020 BNY Mellon - Useful Tips to Handle Bulk Flash DrivesThe Transformation and Convergence of Global Payments 2020

The global payments landscape is in a state of fundamental transformation, comparable in significance to the advent of downloadable entertainment for the video rental business. Banks in particular will need to move swiftly if they are to take advantage of the opportunities on offer in the global payments business, or risk losing out to nimbler competitors.

We believe that the world of payments is going to be fundamentally transformed between now and then. It will be reshaped by technology and redefined by regulation, the emergence of new economic powers, and changes in the global currency landscape. Most importantly, payments will be refocused from a commoditised proposition to a strategic, value-adding solution; one that is offered with greater focus on the broader commercial and transactional context within which a payment (or a transfer of value) takes place.

See:  How payments can adjust to the coronavirus pandemic—and help the world adapt

Indeed, in 2020 a payment will be understood to be much more than just the settlement of a transaction or the mere movement of funds. The broader commercial, retail, investment or public sector environment of payments will be taken into account, and “payment-proximate” activities (such as investment decisions, trade-related financing and risk mitigation, the cross-border movement of salaries and pensions and a host of other core activities) will become part of the basis upon which providers develop greater value propositions.

The world of payments in 2020 will look very unlike it does today, and market transformation has already begun. The competitive landscape will be redefined by the entry of non-traditional providers, the evolution of new solutions provided by financial institutions, and the development of strategic alliances that cross traditional sectoral boundaries. Besides transformation, there will also be major convergence: convergence around products and solutions linked to payments; around technology platforms and clearing capabilities that will be increasingly global in nature and reach; around the operation of global securities and currency markets; and with regard to regulatory regimes that today are often fragmented and unaligned.

Looking further forward, it is clear that any “end-state” post-2020 will be largely unrecognisable.

That said, we envision it might have integrated global settlement and clearing systems, and platform-agnostic channels that allow for maximum client access, flexibility and convenience. Indeed, as a young, ‘tech-savvy’ generation of business leaders emerges, the expectations of retail/consumer and commercial/corporate end-clients with regard to payments are likely to be far more closely aligned than they are today.

See:  Bank of Canada Speech: Money and Payments in the Digital Age

What this entails will differ according to regions, markets and client segments, but one thing is clear: going forward, it will no longer be sufficient to regard payments as utility products; commoditised, undifferentiated and volume-driven. Instead, successful payments providers, whether traditional or emerging, will be those:

  • Taking a strategic view of payments and “payment-proximate” activities, to devise and offer value-added solutions and products;
  • Identifying markets and lines of business where payments are a prominent aspect
  • Updating their technology to deliver services and solutions in line with customer expectations, as opposed to internal operational silos;
  • Actively targeting payment flows related to demographics, such as the compensation and pension flows linked to the baby boomer generation, or the emerging middle classes in China and Indonesia;
  • Targeting high-growth and traditionally poorly served customer segments such as small and medium sized enterprises (SMEs);
  • Exploring non-traditional alliances and partnership models, including strategic cross-sectoral partnerships with those they might not have considered previously (such as mobile or social network operators), to enable access to new client bases.

The successful payments providers of 2020 and beyond will be those taking action today. Those that do not, risk being left behind.

Download the BNY Mellon Global Payments 2020: Transformation and Convergence Report -> Now

 


NCFA Jan 2018 resize - Useful Tips to Handle Bulk Flash Drives 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

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