Category Archives: Digital Identity

Liquid Avatar and The KABN Network Launch Cloud-based Biometric Identity Verification for Self Sovereign Identity, Digital Wallets and Verified Credentials

KABN | Cara Buckspan | Dec 2, 2020

Digital identity is now created - Liquid Avatar and The KABN Network Launch Cloud-based Biometric Identity Verification for Self Sovereign Identity, Digital Wallets and Verified CredentialsBiometric Solutions match user identity independently of mobile phones, tablets and computers, allowing transportability and safety of digital wallets and credentials across Internet enabled devices

TORONTO, ON and GIBRALTAR / ACCESSWIRE / December 2, 2020 / The KABN Network together with KABN Systems NA Holdings Corp. (CSE:KABN) (the "Company" or "KABN North America"), a Canadian fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, today announces that its cloud-based biometric solutions will now be available on its digital identity management platform, Liquid Avatar (www.liquidavatar.com) enabling a further layer of identity verification that is independent of a user's device.

"With more traditional services, like healthcare, education, verified purchasing and government services expanding online, we developed Liquid Avatar to allow users to use their verified identity to share what they want, when they want and with whom they want in an easy to use visually-enabled platform," said David Lucatch, CEO KABN North America.

"Our goal is to reduce and, in some cases, eliminate the need to remember passwords or to present physical credentials in an ever expanding digital landscape. We hope to empower users to seamlessly manage their digital lives as easily and effectively as they do conventionally."

As a cloud-based service, KABN's biometric features are not resident on a device and work with a user's mobile phone, tablet, computer or other camera and Internet enabled devices, to pass verified information securely over the Internet, enabling identity to be transportable and connected to a wide range of applications like Passwords, Digital Wallets and Verified Access and Identity Credentials.

See:  KABN Network Joins the Trust Over IP Foundation

With Liquid Avatar's Self Sovereign Identity management services, a user can manage and customize their credentials through easy to access "icons," enabling them to store, organize and control their information remotely, increasing potential security and safety in the event that the device is lost, stolen or compromised, and making it easy to share services using their facial recognition or other biometric controls.

Liquid Avatar will work with a wide range of emerging technologies and digital platforms to enable the creation and support of a wide range of services, such as:

Identity Verification Services - Bank Grade Identity and Biometric Verification
Digital Wallet Applications - Crypto and Digital Currencies, Identity, Credentials
Verified Access Credentials - Concerts, Movies, Theme Parks, Senior Living, Sporting and other Venue Events and Facilities
Verified Identity Credentials - Government, Healthcare, eCommerce, Membership, School, Workplace and other

Guardianship Services - In early 2021, Liquid Avatar will enable users to authorize a secondary "guardian" for biometric data access. Ideal for parents that want to protect and authorize certain activities for their children, like education, online gaming, eCommerce and other activities. This service can also be used as a safeguard in cases of emergency allowing an authorized second, biometrically verified person, to access a user's data.

See:  Matt Warman’s speech on digital identity at Identity Week 2020

"In the real world, we recognize and verify each other using personal recognition, and document verification and we believe that Liquid Avatar can potentially duplicate this process in the digital world," continued Lucatch.

In the coming weeks, the Company is expecting to rollout a number of key initiatives that will support the creation, management and verification of digital wallets and verified access and identity credentials.

For more information, please visit www.kabnnaholdco.com or www.kabnsystemsna.com or www.liquidavatar.com

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NCFA Jan 2018 resize - Liquid Avatar and The KABN Network Launch Cloud-based Biometric Identity Verification for Self Sovereign Identity, Digital Wallets and Verified Credentials 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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Canada “AIMS” to raise the bar for AI development and use through standardization

SCC | Nov 10, 2020

digital us - Canada “AIMS” to raise the bar for AI development and use through standardization

Artificial Intelligence is a moving target when it comes to standardization. AI is progressing at a breakneck speed and expanding its reach worldwide as it becomes broadly incorporated into products and services. Virtually any emerging technology requires standards to provide the foundation for safety, performance, and interoperability, but AI has additional opportunities and threats associated with its use calling immediately for standards to be set.

See:  FFCON20 Week 7 Wrap-up: Artificial Intelligence in Fintech

AI is a particularly complex technology since it can be used for information gathering, analysis, decision-making, and automation, and users are often unaware AI is driving it. For example, algorithms execute AI-based advertising on platforms like Facebook, targeting users according to their past and predicted-future behaviour. These systems do not automatically consider issues such as bias, discrimination, ethics, privacy, and human health and safety when they direct users to information or offer solutions.

The Canadian Mirror Committee to JTC 1/SC 42 Artificial Intelligence “AIMS” to help. The committee has successfully advanced a project proposal for the first conformity assessment standard for AI at ISO/IEC, having garnered unanimous international support in the ballot. The Artificial Intelligence Management System (AIMS) standard will enable organizations to show they have implemented and continually work on improving processes unique to the development or use of AI, such as bias, fairness, inclusiveness, safety, security, privacy, accountability, explicability, and transparency.

“Management system standards have been used in many different sectors to help innovation and technology develop through structured governance and appropriate risk management,” said Paul Cotton, Convenor of the Working Group 1. “One such example is the ISO 27001 for cybersecurity, which is currently used as part of the CyberSecure Program in Canada.”

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“Having a standardized management system for AI is essential,” says Marta Janczarski, Standards Council of Canada (SCC) AI Sector Specialist and project editor for the AIMS standard. “Within our Innovation Initiative at SCC, we see firsthand incredible advances in technology and the wide-reaching applications possible for AI. But with that comes an innate responsibility to protect citizens from the dangers as well and providing standardized requirements and a means to demonstrate compliance is the best way to achieve this.”

AIMS will increase interoperability, harmonize requirements, increase trust in AI systems and ensure continual improvement through the standards development process that relies on balanced stakeholder representation, consensus, and public scrutiny as technology progresses. The full complement of a standard and associated conformity assessment program will give stakeholders confidence in an organization’s ability to consistently meet customer requirements, and any applicable statutory and regulatory requirements.

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SCC | Oct 30, 2020

When One Size Does Not Protect All: Understanding Why Gender Matters for Standardization

As twhy gender matters in standards - Canada “AIMS” to raise the bar for AI development and use through standardizationhe first woman CEO at the Standards Council of Canada, and also a professional Engineer, Chantal Guay is a role model. Chantal’s leadership has brought forward an emphasis on gender equality and has inspired SCC to take tangible action.

As part of our work to improve gender equality, SCC has done a cross-country analysis, using data from 106 countries, of the impact of gender on standardization. This ground-breaking research is captured in SCC’s new report When One Size Does Not Protect All: Understanding Why Gender Matters for Standardization. SCC’s research is gaining worldwide recognition. Understanding how standardization impacts women is essential to doing something about it.

See:  Ten things to know about gender equality

SCC’s research, outlined in the report, shows that countries which are more involved in standardization experience fewer unintentional male deaths. As a country’s participation in standardization increases, the number of men who die as a result of unintentional injuries decreases. When the analysis was repeated to determine the impact of participation in standardization on the number of unintentional female deaths, there was no impact. Unlike for men, increasing participation in standardization is not associated with a decline in the number of women who die as a result of unintentional injuries. Standards are not protecting women as well as they protect men. Unfortunately, this is perhaps not that surprising of a finding considering that throughout the pandemic we have heard reports of female health care workers being at a greater risk of contracting COVID because of ill-fitting Personal Protective Equipment. Research has shown that the risk of being injured or killed in a car accident is 73% greater for women because crash test dummies are based on male anthropometry.

The failure of many standards to account for women may boil down to two inter-related factors: the lack of female representation in the development of standards and the lack of gender expertise in standards development. Here in Canada, SCC’s preliminary research shows that only 2% of our national standards contribute to SDG 5 – the UN’s gender equality goal. We are working hard to change this.

What is SCC doing?

In 2019, SCC became one of the first national standards organizations to publish a five-year strategy to improve gender equality in standards aligned with the United Nations Declaration for Gender Responsive Standards.

See:  ServiceNow is acquiring Element AI, the Canadian startup building AI services for enterprises

Since then, we have been striving to establish a standardization system that is inclusive and equal, regardless of gender.
Recognizing the importance of considering gender in standards development, SCC – along with other national standards bodies, standards development organizations and international organizations – has signed the UNECE Declaration for Gender Responsive Standards and Standards Development. Additionally, SCC’s gender strategy emphasizes:

  • Increasing the participation of women on technical committees;
  • Building gender expertise into the standards development process; and
  • Conducting sound research into the impact of gender on standardization.

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NCFA Jan 2018 resize - Canada “AIMS” to raise the bar for AI development and use through standardization 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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Matt Warman’s speech on digital identity at Identity Week 2020

UK Government | Department of Digital, Culture, Media and Sport | Nov 16, 2020

Matt Warman - Matt Warman's speech on digital identity at Identity Week 2020Opening remarks from the Minister for Digital Infrastructure, detailing the government's plans for digital identity in the UK

Good morning. It’s a great pleasure to be invited to speak at Identity Week 2020.

I truly believe that digital identity is one of the most exciting opportunities for growth and security in the UK economy, and I am excited to share my vision with you today.

Digital identity products are a vital building block for the economy of the future. They will enable smoother, cheaper, and more secure online transactions; they will simplify people’s lives, and boost business.

Digital identity solutions can also ensure that people have greater control of their identity data, and provide greater security and privacy standards.

See:  FFCON Week 5 Wrap-up: Digital Identity & Convergence Marketplaces

It has the capacity to allow more people to open a bank account, to allow more people to start a new job faster, and to improve the safety and security of travel both within and beyond the UK — whether for business or pleasure.

Covid-19 has increased the demand for online services: 63% of people are learning a new skill online; 20% are buying groceries online; 20% are managing their money online; and 19% are now accessing health services online.

It is essential that all those in society who want to access services online are able to do so. Use of digital identity is key to unlocking this.

We want to enable the formation of a successful digital identity ecosystem in the UK so these benefits and those increased demands and expectations brought on by the pandemic can be fully realised.

The government is committed to enabling a digital identity system fit for the UK’s growing digital economy — without the need for identity cards — by working in partnership across government, the private sector, academia and civil society.

See:  Tech CEOs call on political parties for policy action to drive digital economy

I want to ensure that UK values will be at the heart of this thinking to ensure that digital identity works for all who wish to use it, and that will be interoperable with as many markets and sectors as possible.

Last year we undertook a call for evidence so we could better understand the potential of digital identity to unlock the digital economy, improve user experience and access to services.

Respondents felt strongly that the government has an essential role to play in enabling secure digital identity solutions for the wider economy, and that the setting of standards is integral to this.

When we published our response to the call for evidence, we also published a set of principles that would underpin our approach to developing policy, namely: privacy; transparency; inclusivity; interoperability, proportionality; and good governance.

Security and consent underpin our approach. I don’t use these words lightly.

While we have been working with our international stakeholders to understand their approach to the development of digital identity policy, these principles have been developed deliberately and specifically to ensure that British values — your values — are the foundation upon which our digital world is built in the UK.

See:  NCFA and KABN Systems North America enter multi-year exclusive partnership to promote Digital Identity in Canada

Policy on something as personal as the way in which we identify ourselves online can only be developed in this way.

By ensuring that the principles set out in our call for evidence response are at the heart of the UK’s digital identity ecosystem, those who choose to make use of a digital identity in the future will have confidence that there are measures in place to protect them.

Consumers will be assured that data confidentiality and privacy are at the centre of their digital identity and will be able to understand who, why, and when their data is being used for digital identity verification.

Over the past few months we have been working closely with experts throughout the private sector, academia and civil society to fully understand the ways we can balance these key principles, mitigate the effect of associated risks, and ensure that digital identities will truly work for those who wish to use them.

I know from my own engagement with these experts that we need agreed standards, ways of working, and a way to check they are being adhered to.

We will do this by establishing a trust framework of standards, rules, assurance and governance for the use of digital identity, in one place, that different organisations using or consuming digital identity can follow.

Such a framework would also enable people to reuse their digital identity to access a range of products and services.

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This trust framework will help organisations check identities and share attributes in a trusted and consistent way enabling interoperability, maintaining high levels of privacy, and increasing public confidence.

Because the foundation of this market will be based on trust, how we establish the framework is as important as what it says.

I have held a number of meetings with experts across the digital identity ecosystem — from supportive providers to hopeful private sector organisations to sceptical lobbyists. We are engaging openly with players across the ecosystem to hear your ideas — and your concerns — and incorporate them into our approach.

The development of this trust framework must be a collaborative, informed process to ensure that what we develop represents the very best of British innovation and British values.

We must also ensure that we work to enable an open, competitive market. The standards, regulations, and legislation that we are seeking to implement will not restrict innovation but, instead, will enable the implementation of safe and secure solutions that work for business and society alike.

This unique approach — building on lessons of those who have gone before us and developing an approach that works for the UK — will be critical in making us the world’s leading digital economy.

We are keen to engage with our international partners too, who are developing their own rules and regulations to establish a framework that allows us all to work together.

We are exploring the ways in which we can make direct links to other markets and nations to establish and build international recognition and interoperability.

I am excited to announce that we will be publishing the digital identity Trust Framework as an alpha in the new year.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Matt Warman's speech on digital identity at Identity Week 2020 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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Bill to overhaul Canada’s privacy laws coming soon

CBC | Catharine Tunney | Nov 16, 2020

privacy bill minister bains - Bill to overhaul Canada's privacy laws coming soonMinister Bains' mandate letter hints at 'enhanced powers for the privacy commissioner'

As the number of high-profile online consumer security breaches continues to grow, the federal government is expected to introduce a bill soon to shake up Canada's privacy laws — possibly as early as this week.

Innovation Minister Navdeep Bains signalled plans to introduce the legislation late last week on the House of Commons notice paper.

The bill — officially called "An Act to enact the Consumer Privacy Protection Act and the Personal Information and Data Protection Tribunal Act and to make consequential and related amendments to other Acts" — would be the first major attempt to change Canada's privacy law in decades.

See:  Cadillac Fairview broke privacy laws by using facial recognition technology at malls, investigators conclude

Details of the bill won't be available until the legislation is tabled, but a spokesperson for Bains pointed to the promises outlined in the minister's mandate letter.

That letter — essentially the minister's marching orders from Prime Minister Justin Trudeau — tasked him with drafting a "digital charter" that would include legislation to give Canadians "appropriate compensation" when their personal data is breached.

It also promised to introduce new regulations for large digital companies to better protect Canadians' personal data and encourage more competition in the digital marketplace, and to appoint a new data commissioner to oversee those regulations.

"It will be significant and meaningful to make it very clear that privacy is important. Compensation, of course, is one aspect of it," Bains said back in January, adding that the government also wants "to demonstrate to businesses very clearly that there are going to be significant penalties for non-compliance with the law. That's really my primary goal."

The letter also calls for "enhanced powers for the Privacy Commissioner." The office of Privacy Commissioner Daniel Therrien — who has been calling for more powers — said he will be briefed on the bill after it's tabled.

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"Our office has long been calling for federal privacy laws better suited to protecting Canadians in the digital age," said Therrien's spokesperson Vito Pilieci.

"We need a legal framework that allows for responsible innovation that serves the public interest and is likely to foster trust, but prohibits the use of technology in ways that are incompatible with our rights and values. The law should also provide for enforcement mechanisms that ensure individuals have access to quick and effective remedies for the protection of their privacy rights, and create incentives for broad compliance by organizations."

The 'right to be forgotten'

Earlier this month, a joint investigation by the federal, Alberta and B.C. privacy commissioners concluded that the real estate company behind some of Canada's most popular shopping centres embedded cameras inside its digital information kiosks at 12 shopping malls in major Canadian cities to collect millions of images — and used facial recognition technology without customers' knowledge or consent.

B.C. Information and Privacy Commissioner Michael McEvoy said the commissioners likely would have pursued fines against the company, Cadallic Fairview, if they'd had the power.

"Fines in a case like this would have been a consideration. It is an incredible shortcoming of Canadian law," he said.

"We as privacy regulators don't have any authority to levy fines on companies that violate peoples' personal information and that should really change."

See:  FFCON Week 5 Wrap-up: Digital Identity & Convergence Marketplaces

Statistics Canada says that about 57 per cent of Canadians online reported experiencing a cyber security incident in 2018.

Bains's mandate letter also hints at the introduction of a so-called "right to be forgotten" or "right to erasure" law by calling for the "ability to withdraw, remove and erase basic personal data from a platform."

Continue to the full article --> here


Global News |

zoom privacy concerns video - Bill to overhaul Canada's privacy laws coming soonTrudeau government set to introduce privacy bill aimed at protecting Canadians

The Trudeau government is poised to introduce legislation aimed at better safeguarding the privacy of Canadians in the digital era.

The bill, to be tabled as early as this week, would be a step toward realizing commitments set out in the mandate letter of Innovation Minister Navdeep Bains.

It would also flesh out the 10 principles — from control over data to meaningful penalties for misuse of information — that make up the federal digital charter.

See: 

Digital IDs Help Open Banking Reach Its Fullest Potential

Smart Cities Offer Promises and Concerns Over Privacy

Prime Minister Justin Trudeau has asked Bains to work with other ministers to advance the digital charter and beef up the privacy commissioner’s powers with the overall goal of establishing a new set of online rights.

They are to include:

  • the ability to withdraw, remove and erase basic personal data from a platform, such as Facebook or Twitter;
  • knowledge of how personal data is being used, including through a national advertising registry;
  • the ability to review and challenge the amount of personal data that a company or government has collected;
  • a means of informing people when personal data is breached, with appropriate compensation;
  • and the ability to be free from online discrimination including bias and harassment.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Bill to overhaul Canada's privacy laws coming soon 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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KABN Network Joins the Trust Over IP Foundation

KABN Systems North America | David Lucatch | Nov 12, 2020

KABN digital identity - KABN Network Joins the Trust Over IP FoundationGlobal Leaders in Online Identity Verification, Management and Monetization Take Strategic Role as Steering Members to Help Enable Trusted Exchange of Verifiable Digital Credentials

TORONTO, ON and GIBRALTAR / ACCESSWIRE / November 12, 2020 / The KABN Network together with KABN Systems NA Holdings Corp. (CSE:KABN) (the "Company" or "KABN North America") (www.kabnsystemsna.com), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, today has announced a strategic role as a Steering Member of the Trust over IP ("ToIP") Foundation (www.trustoverip.org).

In taking on this role, KABN joins other Steering Members including Accenture, Anonyme Labs, Continuum Loop, Evernym, Finicity, Futurewei, IBM, ID Ramp, LG CNS, Mastercard and others. The Trust over IP Foundation has over 170 members, including organizations as well as individuals, collaborating together with the common objective of changing the way people interact online.

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The Trust over IP Foundation is defining a complete architecture for Internet-scale digital trust that combines both cryptographic trust at the machine layer and human trust at the business, legal, and social layers. As part of this community, the KABN Network is focused on bridging the gap between traditional fintech services and solutions and new and innovative Verified Credential processes.

KABN aims to use proven bank-grade identity verification processes to allow Holders (who use a credential), Verifiers (who confirm the validity of a credential) and Issuers (who produce the credential) to complete transactions of many kinds including financial services, eCommerce transactions, organization, building and visitor access badges among others.

"I am certain KABN will make a strong contribution to the Trust over IP Foundation." said John Jordan, executive director, BC Digital Trust Service and executive director of ToIP. "People and businesses are going to continue using the internet to build relationships and complete transactions digitally with all the risks of security breaches and fraud that go along with it today. It's time for a change. Global leaders are working together at our Foundation to make it possible for people to be known and to build trusted relationships online. I am happy to have KABN be part of this effort."

Businesses today struggle to protect and manage digital assets and data, especially in an increasingly complex enterprise environment that includes the Internet of Things (IoT), Edge Computing, Artificial Intelligence and much more. This is compounding the already low consumer confidence in the use of personal data and is slowing innovation on opportunities like digital identity and the adoption of new services that can support humanity.

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The KABN Network believes that without a global standard for how to ensure digital trust, these struggles are bound to continue. The four layers of Trust over IP's dual governance and technology stack establish a clear model for how utilities, technical components, business rules and human-focused design can combine to solve this set of problems. The digital trust ecosystems that emerge from Trust over IP will help businesses, citizens and governments alike use the internet to create enduring trusted relationships that allow transactions to be completed safely and with confidence.

"With the ToIP Technology and Governance Stack, the industry is now in a position for an Identity Paradigm shift. Future generations will have a hard time believing that there was a day when everyone was anonymous on the Internet and we believe that the KABN Network is at the forefront of this evolution," said RJ Reiser, KABN North America CBDO, Director and Co-Chair ToIP Ecosystem Foundry Working Group.

View the original press release --> here

 


NCFA Jan 2018 resize - KABN Network Joins the Trust Over IP Foundation 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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6 reasons non-profits should consider crowdfunding

ATB | ATB Financial | Sep 14, 2020 |

crowdf 300x166 - 6 reasons non-profits should consider crowdfunding At its most basic level, crowdfunding is the use of a platform to raise money from a large number of people online. Beyond the surface level-definition, it’s an opportunity to tell your story which compels a crowd to give.

Unlike funding from investors, financial institutions or the government, crowdfunding is passion-driven. When you connect with people on a heart-level, they’ll be excited to support you.

See: [Breaking] SEC Votes to Approve Changes to Regulation Crowdfunding Increasing the Maximum Raise to $5 Million

Non-profits can use crowdfunding too. In fact, crowdfunding for non-profit organizations doesn’t look too different from crowdfunding for for-profits. Both types of organizations set a funding goal, share the “why” behind the goal through video, words and images, and get funding from the crowd.

Here are 6 reasons non-profits should consider crowdfunding:

1. Reach a different demographic

Crowdfunding can help your nonprofit reach a different generation or audience than you may normally connect with. Specifically, Millennials and Gen Z (between the ages of 24-35) are the most likely to participate in crowdfunding campaigns than any other age group. Human Rights and International Development, Child Development, Environmental and Victims of Abuse charities and causes are a soft sport for these generations.

2. Campaign supporters will help spread the word

Another thing you probably already know about Millenials and Gen Z—technology comes second nature to them. If you create a crowdfunding campaign, you’ll likely not only reach that demographic, but potentially some of their followers and friends on social media. An online crowdfunding campaign is incredibly shareable, making it easy for one person’s interest in your cause to grow to tens or hundreds through one share on social media.

See: NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital

3. Start a conversation about what your organization supports

Along with shareability comes the potential for your cause to start conversation online. If you or the crowd shares your campaign on social media, there's an opportunity to have important conversations around the topic, bringing awareness to the issue you’re fundraising for and to your organization. That’s a double-win for you!

4. Crowdfunding is passion-driven

People give towards a crowdfunding campaign because they see that the person or organization behind it is passionate, and the individual shares that passion. Luckily, non-profits are also passion-driven at their core—it’s not something that’s tacked on at the end as an afterthought.

 

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NCFA Jan 2018 resize - 6 reasons non-profits should consider crowdfunding 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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Canada crawling toward AI regulatory regime

EP&T | Christopher Reynolds | Nov 4, 2020

hot 300x216 - Canada crawling toward AI regulatory regime Last week, privacy watchdogs revealed that five million images of shoppers’ faces were collected without their consent at a dozen of Canada’s most popular malls.

Real estate company Cadillac Fairview embedded cameras equipped with facial-recognition technology, which draws on machine-learning algorithms, in digital information kiosks to discern customers’ ages and genders, according to an investigation by the federal, Alberta and B.C. privacy commissioners.

See: Cadillac Fairview broke privacy laws by using facial recognition technology at malls, investigators conclude

But the commissioners had no authority to levy fines against the firm, or any companies that violate Canadians’ personal information, an “incredible shortcoming of Canadian law that should really change,” B.C. information and privacy commissioner Michael McEvoy said in an email.

Despite its status as an artificial-intelligence hub, Canada has yet to develop a regulatory regime to deal with problems of privacy, discrimination and accountability to which AI systems are prone, prompting renewed calls for regulation from experts and businesses.

“We are now being required to expect systematic monitoring and surveillance in the way that we walk down the road, drive in our cars, chat with our friends online in small social-media bubbles. And it changes the way that public life occurs, to subject that free activity to systematic monitoring,” said Kate Robertson, a Toronto-based criminal and constitutional lawyer.

See:  Biometric payment, access and ID cards launching around the world

At least 10 Canadian police agencies, including the RCMP and Calgary and Toronto police services, have used Clearview AI, a facial-recognition company that has scraped more than three billion images from the Internet for use in law enforcement investigations, according to a report co-written by Robertson.

Other Ontario police forces also may be “unlawfully intercepting” private conversations in online chat rooms via “algorithmic social-media surveillance technology,” according to the September report from the University of Toronto’s Citizen Lab and International Human Rights Program.

“We have seen the lack of clear limits and focused regulation leaving an overly broad level of discretion in both the public and police sectors that is a call to action for governments across the country,” Robertson said in a phone interview.

Canada needs to roll out concrete rules that balance privacy and innovation, said Carolina Bessega, co-founder and chief scientific officer of Montreal startup Stradigi AI. Public trust in artificial intelligence becomes increasingly crucial as machine-learning companies move from the conceptual to the commercial stage, she said.

See: Convenience vs Privacy: Here are 4 tips to protect your data from being shared on Facebook

The regulatory vacuum also discourages businesses from deploying AI, holding back innovation and efficiency _ particularly in hospitals and clinics, where the implications can be life or death.

 

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NCFA Jan 2018 resize - Canada crawling toward AI regulatory regime 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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CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



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