Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Voices
Trullion Platform Review: A Reliable Software to Automate Your Lease Accounting Process
Guest Post | Jul 29, 2021
Sticking to manual lease accounting processes and compliance with relevant standards can be a huge nightmare.
The solution?
Use Trullion, a dependable software that uses AI to automate and simplify your lease accounting workflows and compliance processes.
In this review, we’ll look into how Trullion can help you establish seamless lease accounting processes and make complying with the required standards more efficient.
What is Trullion?
Trullion is an Artificial Intelligence or AI-powered Software as a Service (SaaS) platform that automates lease accounting workflows for auditors, Chief Financial Officers (CFOs), and accountants.
The platform combines the structured and unstructured aspects of accounting by reading Excel and PDF files and turning them into financial workflows, revenue recognition and lease accounting.
Trullion is designed to provide a solution to accounting process silos most Enterprise Resource Planning (ERP) and accounting firms often fail to address.
See: Top 12 AI Use Cases: Artificial Intelligence in FinTech
It can give you a 360° real-time view of your financial data, extract information from source documents and connect them to your audit trail, and speed up your ASC 842, IFRS 16, GASB 87 compliance process.
Main features and functionalities
Essentially, Trullion automates your tedious and repetitive financial and lease accounting workflows and tasks through AI technology.
Below are the lease accounting 2.0 solution’s critical features that help you streamline your lease accounting processes.
AI-powered contract extraction
Uploading your contracts into the Trullion software is a pretty straightforward process.
On the software’s interface, click the blue button, the browse option, or drag and drop your contracts or lease agreements (PDF, XLSX, or DOC file formats).
Click Import to upload your document.
Trullion uses Machine Learning (ML) and Optical Character Recognition (OCR) to analyze your contract and find relevant information for you.
The contract data displays on the right side of the interface and you’ll see the ASC 842, IFRS 16, and GASB 87 data inputs on the left side.
You'll see the software’s relevant recommended data points. Click each one, and the software will instantly highlight them within the agreement, allowing you to go over and approve them quickly.
These features simplify and automate extracting key data points from your contracts, allowing you to generate necessary reports efficiently.
Visual modifications
After reviewing a lease agreement, you can lock it to make it a read-only record.
To update the record due to, let’s say, a renewal, you can unlock it and process the modifications.
Add a description, the modification date, and select the type of modification, such as a term or payment change.
Click Modify, and this should open the workflow. You can add new documents or details and adjust the agreement accordingly.
Trullion’s visual modification feature will create a timeline that shows the before (historical data) and after (current data).
With this, you’ll see the active record on your Reporting page and the historical view of records, allowing you to get quick before and after views of the agreement details. This helps streamline your lease accounting process.
Bulk upload and modifications
Manually uploading data and applying modifications are often long and painful tasks, especially if you have a large asset portfolio or implement modern audit processes.
Trullion provides a solution through its bulk upload and modifications feature.
Using the upload tool, drag and drag your worksheet containing your records. The software will detect the column headers within your data automatically. You can then match the column headers with your desired data fields.
You can preview the data to check if you’ve got everything sorted out properly, then click Import. This should import all your data at once, allowing you to upload your data in bulk seamlessly.
Once imported, you can click on any of the lease records and view and process them within Trullion’s system.
What if your source data (Excel worksheet) gets updated or if you add new data?
Trullion allows you to update or modify your lease agreement information within the software easily.
See: Top 5 In-demand Jobs Post COVID-19?
Let’s say you modified the lease agreement information, such as extending the date of the contract in your Excel worksheet.
To update the records within Trullion, navigate to the software’s uploading tool and drag and drop the worksheet with the updated lease agreement data.
Once uploaded, select the same template you used for the records you want to update, and the software will remember the existing data fields. It will show you the modified records.
Under the Changed category, click on each record to show the changes. You can also view the old and the new values by clicking the Show Changes option.
The software will also detect data removed from your records, such as assets that are no longer in the worksheet.
You can choose to terminate, ignore, or modify them.
The last category shows you the unchanged records for your reference. Click Update Contracts, and you should be good to go.
The process is quick and easy, saving you tons of time and effort by reducing manual data uploading and updating, leading to efficient lease accounting workflows and processes.
360° audit reporting
Trullion offers reporting features that help you go through the steps of ASC 842, IFRS 16, and GASB 87 and generate all your Right-of-Use (ROU) assets, liability, and other entries.
After bringing in all your PDFs and Excel-based documents, you can create your reports efficiently.
Select the journal entries from any given period, view relevant contracts, and see disclosure and other details. When you’re done, you can export the data into Excel for review.
Click on any cell containing your exported data, and you’ll see the formula used within the software. This gives you and your auditor a 360-degree view of the audit trail.
You can also go to the sheet containing your contracts and click the links within the journal entries and disclosures. This will take you directly back to the original agreement on Trullion.
Wrapping up our Trullion platform review
Trullion provides the features you need to ensure confidence and transparency in handling your financial data and managing your lease accounting processes with ease.
With the software’s AI-based technology, you’ll get a single source of truth and have real-time visibility into your company’s financial data and processes.
In a nutshell, Trullion’s solution can automate critical aspects of your lease accounting processes, help you implement modifications easily, and ensure compliance with all the required standards.
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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LendingClub Reports Strong 2nd Quarter Results, Shares Rise Dramatically
Crowdfund Insider | | Jul 28, 2021
LendingClub (NYSE:LC), a Fintech that started as a peer-to-peer lender and now operating as a digital bank, has posted strong 2nd quarter results that easily topped expectations. LendingClub finally turned the corner on profitability shredding guidance that had expected a loss. Shares moved considerably higher in after-hours trading during a crowded earnings announcement day.
At the start of 2021, LendingClub completed the acquisition of Radius Bank thus entering the red hot digital banking sector. This quarter is the first earnings round as a nationally chartered digital bank.
According to LendingClub sequential revenue increased by 93%, driven by growth in marketplace lending revenue and increased net interest income from the retained portfolio of consumer loans. Total revenue was $204.4 million, almost double the previous quarter, with net income jumping to $9.4 million – in stark contrast to the $47.1 million loss delivered in Q1.
See: Why LendingClub’s Acquisition Of Radius Bank Is A Smart Deal
The fact that LendingClub will now be able to hold deposits as a bank means a lower cost of funding for its online lending segment.
LendingClub CEO Scott Sanborn, issued the following statement:
“Our first full quarter operating a digital bank was the most profitable quarter in LendingClub’s history. This is the beginning of a dramatically enhanced earnings trajectory for the business. Our transformation is fueled by our competitive advantages, which include our 3.5 million-plus members, deep data capabilities, marketplace model as well as our more efficient operating platform. Our earnings are being bolstered by our bank, which is generating a new stream of recurring net interest income that is only beginning to contribute to our bottom-line results.”
LendingClub highlighted the following stats:
- Marketplace revenue grew 86% sequentially, primarily reflecting 105% growth in origination fees and a 132% increase in gains on loan sales as loans sold through the marketplace doubled.
- Net interest income grew 148% sequentially to $45.9 million, as the bank’s loan portfolio (excluding PPP loans) grew 27% sequentially, propelled by growth in the consumer loan portfolio of 145% to $795M.
- Deposits grew to $2.5 billion, helping fund growth in the bank’s loan portfolio.
Updates:
Shares in LendingClub have rocketed higher today jumping by over 55% (as of this moment).
The few analysts that participated in the earnings call congratulated LendingClub on its performance. Earlier today, Wedbush analyst Henry Coffey boosted his price target to $33.50 (from $25), reiterating an outperform call, after calling the results “amazing.”
See: Fintech Startups Broke Apart Financial Services. Now The Sector Is Rebundling
By becoming a nationally chartered bank, via its acquisition of Radius Bank, LendingClub is now financing its own loans, alongside a growing number of other institutions – including other banks (which now account for more than half of funding including LendingClub Bank).
Management also said there were some unanticipated benefits by becoming a bank as being regulated as a bank helped boost confidence for bank investors. There is a lot of confidence in credit quality.
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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 to Reduce Your Business Costs
Guest Post | Jul 28, 2021
Source: Pexels
Over 80% of enterprises fail due to cash flow problems.
The figure is a dead giveaway of why you need to minimize your expenses. After all, reducing your business costs has a direct impact on your cash flow.
Not only does it help you pocket more money, but it also bolsters your business financially.
If you’re looking for tried and tested tips to reduce your business costs, consider following the tips below.
1. Invest in preventive measures
Risks are inevitable for businesses, and when they happen, they often eat up a considerable chunk of your profits.
To avoid experiencing the financial nightmare that comes from unforeseen threats, you must set preventive and protective measures to mitigate risks.
For instance, if you invested in creating an app for your business, you need to ensure your critical business codes are protected against system failure or cybercriminals. An effective way of doing this is to back up your codes regularly.
To avoid spending countless hours running your backups, which increases your business cost, run automatic DevOps backups. That way, your backups are done with very little to no workforce hours needed, and you know your code is always backed up on time.
Investing in preventive measures, such as backups, gives your business an added level of security that protects you from forking out thousands of dollars should anything unfortunate happen.
2. Trim your workflows
The more steps you add to your workflows, the more time it’ll take your team to complete their tasks. The chances of committing errors and delays are also higher. All this translates to added, unnecessary costs.
That said, the best way to streamline your workflows is through automation.
To begin trimming, list your departments’ daily business processes.
Next, identify the menial, tedious, and repetitive steps, and look for online tools to take care of them for you.
See: Getting tangible about intangibles: The future of growth and productivity?
For example, to bill and gather online payments from customers, use platforms with robust features that let you create invoices quickly, send automatic reminders, get paid in a single click, and more.
Also, leverage tools that instantly integrate apps, so you don’t need to jump from one tab or program to another to accomplish tasks.
3. Create a project wiki
If your team members don’t have a system for sharing project information and updates, their collaboration will not be cohesive. Because they’re unaware of the essential project details, they are likely to duplicate tasks, miss out on deadlines, and waste time, effort, and money along the way.
To prevent that from happening, you need a project wiki -- a page that multiple team members can edit. It also serves as a central filing document with resources accessible anytime. It’s also where you can store, share, and archive bits of handy information for ongoing projects and future applications.
Use project wikis’ management capacities, admin insights, automation and integration abilities, and other features to categorize information and stay on top of your knowledge sharing.
4. Invest in asset maintenance
Maintaining your physical and digital assets lengthens their lifespan and usefulness to your business. It also protects your company’s sustainability -- especially if they are your primary revenue sources.
For example, if you’re running an equipment rental business, you should ensure your machines are kept in their optimum condition. Otherwise, your repair costs will skyrocket and you’ll need to keep procuring new equipment earlier than you ought to.
What’s more, your malfunctioning equipment could harm your clients, and if they do, you run the risk of being sued. You’ll then have to spend heaps of money to settle legal bills.
To prevent that, you must run regular equipment inspections. Leverage cloud-based equipment inspection forms available on the market. This heightens the accuracy and efficiency of your equipment inspections, ensuring you get the correct results, and ultimately saves you time, money, and labor.
What’s more, when your equipment maintenance records are on the cloud, you can access your records from anywhere as long as you have access to the internet.
5. Outsource
If you’re living in first-class cities, especially in first-world countries, you need to pay thousands to get premium talent. The same thing happens when you acquire equipment in your local area.
Instead of going that route, you can opt to outsource.
For example, if you’re looking to run a video marketing campaign, look for a marketing agency that offers its services at reasonable rates yet produces exceptional results.
By outsourcing, you can avoid having to buy your own camera, video editing software, etc. Most marketing agencies offering video marketing services have the equipment and tools needed to get the job done so you can avoid procuring equipment that you might not necessarily need in the future.
Lastly, if you're a non-profit checkout VEED who offer free video editing tools for non-profit organizations like NCFA Canada.
6. Offer exceptional customer support
It costs about 4 to 5 times more to get new customers compared to selling to existing ones. You spend more on referrals, PR, events, and other fees to convince and acquire new buyers -- whereas already loyal shoppers spend up to nearly 60%.
That’s why you must invest in exceptional helpdesk software and customer support. That way, you can nurture your relationships with existing customers and sell to them easily.
With exceptional customer support, you can reduce your marketing spend and still get truckloads of sales since you leverage your relationships with existing customers.
Additionally, create loyalty programs, communicate proactively, uncover your shoppers’ sentiments, and interact with them on social media. These tactics make your customers feel extra valued and effectively drive engagement -- both of which are necessary for retaining them.
7. Switch from paper to digital methods
Expenses for paper, ink, mailing supplies and other materials (including postage and courier) can seem minimal, but they accumulate to considerable amounts if you don’t monitor your usage. Statistics reveal that these line items can reach $400,000 annually for an average company.
Instead of paper-based processes, switch to electronic systems. That way, you can save up on associated costs and equipment, reprinting due to edits, and physical space for keeping the materials. You can also get rid of the stress and clutter that can hamper your revenue-generating productivity (not to mention being environmentally friendly).
See: How Small Businesses Can Compete By Leveraging Data Insights
Documents that you can digitize include invoices, billing statements, quotes, receipts, progress reports, onboarding files, vacation and sick leave requests, reimbursement forms, and more. By going paperless (or paper-light), you reduce this recurring business expense -- and use the money to invest in more profitable resources.
Work on reducing your business costs now.
The tips shared in this guide are far from complete.
However, if you endeavor to take action and follow the tips, you are bound to see an improvement in your business expenses.
You’ll spend less on staffing hours, you can avoid needless expenses caused by accidents or unforeseen challenges, and you’ll even see your productivity and bottom line increase.
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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Binance CEO says he’s willing to step down as world’s biggest crypto exchange welcomes regulation
CNBC | Ryan Browne | Jul 27, 2021
The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution.
Speaking at a virtual press conference Tuesday, Changpeng “CZ” Zhao said he had no immediate plans to quit his role but that the company does have a succession plan in place.
“We’re going to pivot to be a fully regulated financial institution going forward,” Zhao told reporters, adding that, during that pivot, he would be “very open” to finding a replacement CEO with more regulatory experience.
Binance is the world’s largest digital currency exchange by trading volume. However, it has come under intense regulatory scrutiny lately as authorities around the world seek to clamp down on the fast-growing crypto industry.
See: Bitcoin rises as UK financial watchdog bans Binance cryptocurrency exchange
In the U.K., the Financial Conduct Authority banned Binance’s British unit from undertaking any regulated activity. Binance was one of many crypto firms that withdrew their applications to the U.K.’s temporary licensing regime due to failing to meet anti-money laundering requirements, the FCA said.
Regulators in Japan, Canada and Italy have also clamped down on the firm, warning it is not authorized to operate in the countries.
Planning for the future
Binance aims to set up a number of regional headquarters around the world and will seek licenses wherever they are available, Zhao said. He has previously said Binance has no official headquarters.
Zhao insisted there were no immediate plans for his succession, adding Binance was “keeping our options open.”
“I’ll be honored to continue to run Binance as a regulated financial institution until we find somebody who may do a better job,” he said.
In May, Bloomberg reported that Binance was facing a federal investigation by the U.S. Department of Justice and Internal Revenue Service.
See: More regulation coming: SEC Chairman signals stablecoins and other tokens could fall under its rules on security-based swaps
Binance said it couldn’t comment specifically on any ongoing discussions with regulators, whether in the U.S. or elsewhere.
On Monday, the company said it was reducing the maximum leverage — or borrowed funds — users can use to trade futures contracts, amid concerns such high-risk bets were leaving clients with hefty losses.
Earlier this month, Binance said it would no longer offer “stock tokens,” digital digital versions of shares like Tesla, Apple and Coinbase, to shift its commercial focus to other products. German regulators had warned the instruments may have violated securities laws.
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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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Square launches small business banking
Reuters | Anna Irrera | Jul 20, 2021
July 20 (Reuters) - Square Inc (SQ.N), the company led by Twitter Inc (TWTR.N) CEO Jack Dorsey, is launching banking services for small businesses, as it continues to grow beyond payments processing.
Square Banking will offer small businesses savings and checking accounts, as well as its existing lending offering which has been renamed Square Loans, the San Francisco-based company said on Tuesday.
Square Checking will have no account minimums, overdraft fees, or recurring fees and saving accounts will offer a 0.5% annual percent yield on deposits.
See: Square buys 3,319 more Bitcoin at an average price of $51,236 for another $170 million investment
Square hopes its new checking and savings accounts, which build upon its debit card offering, will be attractive to small businesses who have struggled to gain access to more mainstream banking services, said Christina Riechers, Square Banking's head of product.
"There is no monthly fee so we see this as having high potential to get folks into more formalized business banking," Riechers said in an interview.
Deposits collected from small businesses will be lent back through Square Loans, she said.
The new services come following the launch of the company's industrial bank, Square Financial Services, which began operations in March after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions.
See: Inside Jack Dorsey’s Next Big Bet on Bitcoin, DeFi
The industrial bank is part of efforts by Square to expand its revenue stream beyond facilitating card payments for small businesses.
The company's consumer business Cash App has been booming, with first quarter revenue excluding bitcoin investing up 139% year on year to $529 million.
While initially, only small business deposits will be brought under the Square Financial Services umbrella, over time the company will look to have the bank work across its range of products and services, a spokesman said.
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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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Liquid Avatar Commends Ontario’s Vaccination Efforts and Updates the Liquid Avatar Verifiable Credentials Ecosystem to Support Digital COVID-19 Testing and Vaccine Records
Liquid Avatar | Cara Buckspan | Jul 19, 2021
Toronto, Canada -TheNewswire - July 19, 2021 –Liquid Avatar Technologies Inc. (CNSX:LQID.CN)(OTCQB:LQAVF)(FRA:4T51) (“Liquid Avatar Technologies” or the “Company”), a global blockchain, digital identity, and fintech solutions company today acknowledges recent media reports on the status of the Ontario government’s decision-making process for issuing a digital COVID-19 vaccine credential. While several European nations have adopted the use of a vaccine ‘passport’, the Company respects the current position of the Premier of Ontario. The Company believes that a digital verifiable testing and vaccine credential would be used by businesses and the public to support the efforts of a safer re-opening and acceleration of the economy.
In commending the Ontario government’s overall vaccine efforts, the Company supports calls for the introduction, where applicable, of digital credentials - rather than paper proof or emails that could be possibly altered - that will support continuous COVID-19 testing and vaccination verification. Private sector solutions, like those from Liquid Avatar, are currently available, and in late-stage development. These solutions are being released, not to create a “split-society”, but to assist governments, public and private entities to continue to provide safer and more secure environments in which to travel, work, learn and conduct everyday activities.
See: COVID-19: Making the case for robust digital financial infrastructure
“First and foremost, we want to acknowledge and applaud each level of government for their leadership in rolling out their respective COVID-19 vaccine programs. Ontario is now a leader in administering one-dose vaccines at almost 80% and two-dose vaccine treatments at over 60%, and this will undoubtedly be a principal factor in the efforts to support the economy returning to normal,” said David Lucatch, President, CEO and Chair of Liquid Avatar Technologies Inc.
In acknowledging the province’s vaccine rollout efforts, the company also echoed public statements made by business groups like the Toronto Region Board of Trade (TRBOT), calling for government to explore a vaccine ‘passport’ system. TRBOT, which speaks for thousands of businesses in the province, has claimed that negative testing and vaccination passports are “the only way to safely reopen larger events like business conferences and will help revive tourism.”
“It is not surprising that these groups want to see government help ensure that the people who enter non-essential businesses are vaccinated against COVID-19 and are supported in many cases by negative testing validation. With new strains, like the Delta variant, it may be just as important to add testing regimes to the digital credentials outlook, as we’ve seen that those who are vaccinated, could also be infected. The issue is one of liability and safety, as European countries like France and other jurisdictions have acknowledged by making passports a part of everyday life,” said Lucatch.
In Quebec, the government has announced the implementation of a QR-code system for use as a vaccine passport. The Company believes that by enhancing this type of system with digital identity and verifiable credentials, the process could be more secure and safer in the long run and support other identity, access, and qualification credentials as provinces like Ontario and British Columbia rollout their digital initiatives.
Liquid Avatar has developed and has started testing its state-of-the-art digital identity tools and solutions. Included in these is the Liquid Avatar Verifiable Credentials Ecosystem (“LAVCE”) that can potentially easily, efficiently, and affordably meet the needs of government, the business community, and frontline healthcare institutions as they adapt to a potential environment where healthcare testing and vaccine passports are essential. The Liquid Avatar Mobile app leverages biometric and blockchain identification technology and is currently available to download from the Apple App Store and on Google Play with digital credentials and wallet testing underway.
See: How Verifiable Digital Identity Will Protect Your Post-Pandemic Privacy
The Company is expecting to make further announcements on product delivery in the coming weeks that are aligned with its initiatives as a founding and steering committee of Cardea, a Linux Foundation Public Health project and as part of the Indicio Network. The Company is also a voting and steering committee member of the Trust over IP Foundation, supporting open standards in the development of Internet-scale trust, a member of the Good Health Pass collaborative, ID2020, Lumedic Exchange and the DIACC. As previously described in Company filings, the LAVCE contemplates state-of-the-art infrastructure that would be available for the holder, the issuer, and the verifier in ‘turn-key’ digital credentials solutions and that would support the introduction of COVID-19 testing and vaccine ‘passports’, education, access, qualification, and a host of other digital credentials powered by blockchain and identity technology.
“With the types of solutions being developed in the marketplace, governments, institutions, businesses and consumers are becoming increasingly aware that delivering a safe and secure digital vaccine passport system is an effective solution to the challenge of a broad reopening of the economy,” concluded Lucatch. “We have been encouraged by our conversations with partners in Canada and abroad to date and look forward to having future interactions on augmenting government’s successful health testing and vaccine programs with a re-opening plan that incorporates systems that support initiatives like globally recognized digital passports and other verifiable credentials.”
As part of the process of inclusion, the LAVCE is being built to support approaches that will allow users that do not have access to digital identity technologies to be able to participate via alternative methodologies to prove their credentials.
If you would like to join our mailing list and receive updates from the Company, please click 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 & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Inside Jack Dorsey’s Next Big Bet on Bitcoin, DeFi
The Street | Anuz Thapa | Jul 16 ,2021
Jack Dorsey has announced the creation of a new business under Square (SQ) - Get Report, dedicated to decentralized financial services. The Twitter (TWTR) - Get Report and Square CEO said that the business’ primary focus would be Bitcoin.
"Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services," Dorsey tweeted on Thursday.
See: EasyFi CEO on Current Lending and Borrowing Issues and Comments on DeFi
Dorsey also stressed that this new business will be different from its existing Square Crypto. Dorsey said this business “will be focused on creating a platform business, and will open-source our work along the way.”
He has already appointed Mike Brock, director of Square Strategic Development, to lead the business.
Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.
— jack (@jack) July 15, 2021
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 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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