Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Digital, NEO, Open Banking, Open Finance
Digital IDs Help Open Banking Reach Its Fullest Potential
PYMTS | July 10, 2020
Open banking
comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen, chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview.
As financial institutions (FIs) work with FinTechs, they need to know that these tech-nimble startups are not only enabling access to customers’ account data but also in a manner that embraces KYC and AML. The end goal: to speed innovation toward new products and services while keeping fraudsters out.
Regulation Vs. Market Forces
The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. It’s also growing across the pond in the European Union, albeit with some important distinctions.
“In recent years, we’ve seen the heavily regulated version of open banking in the E.U.,” Cohen said. “It’s been a coordinated effort — regulatory-driven, highly standardized and thrust upon the banking community. In the U.S., it’s been an organic-but-inevitable exercise, driven primarily by innovation and consumer demand.”
That’s due in part to the fact that America has a more fragmented banking and regulatory landscape, he said. But despite the differences, Cohen said he believes open banking is here to stay in the U.S.
Just consider all the recent acquisitions from major payments players. For instance, Mastercard last month bought Finicity, while Visa earlier this year acquired Plaid. Through those acquisitions, the networks have shown their interest in serving as intermediaries between banks, their customers and FinTechs that want access to important account-related data.
See: Refusal to embrace open banking puts Canada behind yet another curve
After all, the financial services ecosystem is striving to give consumers access to their financial records and leverage tech-driven innovations to improve their lives.
Cohen said that if banks don’t jump on board with those goals, they risk losing significant numbers of customers. Consumers want to share and access data to make such things as applying for a mortgage or tracking spending across various accounts easier.
Protecting Consumer Data
But with an ever-greater exchange of data must come an increased FI focus on data privacy, data ownership and how information gets used, he said. At a high-level view, banks must have robust ID verification procedures in place, making sure that the right people are showing up at the right time to do the right thing.
Webster noted that KYC and AML procedures aren’t governed by global standards. However, Cohen said that in the U.S., various forms of privacy legislation have been making headway. For instance, he pointed to statewide initiatives in California and Illinois that have focused on biometrics.
“It’s a good move for organizations that are involved in open banking and driving that innovation to have similar high privacy standards in that regard,” said Cohen.
Checks And Balances
He recommended that organizations have checks and balances to make sure consumers are protected and data is secured via coordinated efforts between banks and FinTechs.
Along those lines, financial services players — banks and FinTechs among them — are entering into data exchange agreements that operationalize tenets around what can be done with data, what information is needed and how long it can be stored.
See: FFCON20 DIGITAL Attendees to Receive Exclusive Digital Icon and Early Access to Liquid Avatar
“You’re confirming pieces of information on demand, but you’re not maintaining an open channel, nor are you retaining information nor sharing it or using it for any other purpose other than strictly what has been stated,” he said.
Generally speaking, firms shouldn’t retain data in searchable format, but should keep it in anonymized formats and quickly expunge it, Cohen said.
“When you feed that information back or you provide that connectivity and access, there’s no reason to retain it,” he said. “As long as you’re following strong data retention principles and as long as you’re securing those networks and channels, that’s the basic foundation that you want when operationalizing open banking.”
The Pandemic Is Speeding Innovation Up
Dialogue and close coordination between financial services players have spurred the equivalent of three years of innovation during the pandemic’s past three months, Cohen said.
“There’s been a huge amount of volume and demand for these types of digital journeys, as opposed to being able to walk into a branch and do things in person,” he 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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Montreal’s Flinks raises $16 million
Montreal in Technology | Steve La Barbera | Jul 6, 2020
Perhaps Montreal’s best known fintech, Flinks has today announced another $16 million flowing into its coffers. That includes just over $5 million in debt, and and $11 million series A round led by National Bank’s corporate venture capital arm, NAventures, which was also the source of the loan. The round also included participation from Intact Ventures, Luge Capital and Panache Ventures.
“The digitization of financial services is more than just a trend. It’s a profound reshaping of the industry, driven by rapidly changing consumer needs in a global context. Flinks is uniquely positioned to help businesses accelerate their digital transformation,” said Flinks co-founder and CEO, Yves-Gabriel Leboeuf.
“This investment from our strategic partners allows us to jumpstart the next phase of our mission: consolidating our position in our home market and building new innovative data products that will allow us to tackle global demand.”
The funding will be used to help Flinks bring its services to new verticals, such as wealth management, and continue its geographic expansion to establish itself as a market leader in those new geos. By developing and leveraging a powerful, secure data exchange network, Flinks plans to continue to improve the experience of all of its stakeholders.
See: In the Future, Home Will be Wherever Consumers Choose to be
“NAventures firmly believes in democratizing innovation. That is why we are proud to support Flinks as they continue to establish their vital role in fintech ecosystems, both in Canada and abroad,” said Philippe Daoust, Managing Director of Venture Capital at NAventures.
“We see great alignment between Flinks’ mission and our own focus on helping our clients manage their finances by providing them with innovative and reliable digital solutions.”
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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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Refusal to embrace open banking puts Canada behind yet another curve
Financial Post | Kevin Carmichael | July 10, 2020
Adam Felesky, chief executive of Portag3 Ventures LP, the venture-capital arm of Power Corp. of Canada, was primed to put his home country on the leading edge of finance at the end of last year.“We’re on a mission to build global champions from a Canadian base,” Felesky told the TechCrunch website in early December when Portag3 announced it had raised $427 million for a new fund aimed at digital finance startups.
The “majority” of that money remains unallocated, Felesky told me this week, but that could soon change. The social distancing demanded by COVID-19 has sped up the shift to a digital economy, a boon for outfits such as Toronto-based Portag3, which specializes in identifying startups that have plans to disrupt finance. The pandemic caused a terrible recession, but anyone focused on digital technology barely noticed.
“We’ve been playing offence,” Felesky said during a Zoom interview organized by the National Crowdfunding & Fintech Association. “We’re excited about the environment right now. There are lots of opportunities.”
Without access to data, digital upstarts have little chance of stealing market share from legacy institutions, even if they offer a better service
Unfortunately for Canada, which, like most countries, will need all the investment it can get to recover from the coronavirus crisis, most of the opportunities that Felesky sees are elsewhere.
See: Open banking would help the recovery
That’s because we Canadians — and, by extension, our elected representatives — refuse to get excited about open banking, the industry term for a regulatory regime that grants control of financial information to clients rather than the financial institutions that serve them.
Without access to data, digital upstarts have little chance of stealing market share from legacy institutions, even if they offer a better service. The United Kingdom, European Union and Australia are among the jurisdictions that have adopted open banking over the past couple of years and will benefit from a first-mover advantage as a result.
Prime Minister Justin Trudeau’s government, meanwhile, keeps postponing a decision on whether it intends to follow, which probably suits the established banking oligopoly just fine.
Around the time Portag3 closed its latest round of fundraising, an expert committee appointed by Finance Minister Bill Morneau was finishing up a report that was relatively enthusiastic about open banking. In January, Morneau released the review and announced additional consultations would be held in the spring. Those meetings were postponed until autumn because of the pandemic, meaning regulatory clarity is at least a year away, if not longer.
As a result, Portag3’s money probably will end up in places where governments have decided to embrace the future, rather than serve the interests of legacy interests by dallying. Canada will have exposure to the digital shift in financial services thanks to the ownership stakes Portag3 and others take in various international firms. But the actual champions of global finance will continue to come from elsewhere, and their clients in Europe and Asia will be first to enjoy the benefits of better service.
See: NCFA Open Letter: Government should collaborate with Fintechs
“Unfortunately, we’re spending more time outside of Canada than inside of Canada because of some of these (regulatory) headwinds,” Felesky said. “It’s difficult to make some of these investments believing something may occur. We just don’t have any capital in businesses that are dependent on open banking.”
A new generation of finance entrepreneurs think decades of coddling have left the big banks too risk averse to be successful in the digital economy
There is a strongly held view among fintech advocates that the big banks are using their influence to delay regulatory changes that would entice new challengers for as long as they can.
Given the banking oligopoly’s outsized role in the federal government’s COVID-19 rescue, it’s fair to wonder if it will have even greater sway over Ottawa once the emergency is over. The argument that the guarantee of financial stability justifies protecting the largest institutions from competition will be strengthened by Bay Street’s ability to keep many mortgage holders and smaller companies afloat during the crisis.
See: NCFA Announces Updated Virtual Interactive Programme for FFCON20 DIGITAL, the 6th annual Fintech and Financing Conference
There will need to be more urgency in Ottawa, too, and some of that will have to be directed by us, so call your member of Parliament. The opportunity cost of letting the banks and their regulators sort out open banking is too great.
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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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Check out the latest books by a few of our featured FFCON speakers!
NCFA | Team FFCON20 | July 6, 2020
We have great thought leaders and authors that will be speaking at FFCON20 (also some prizes!) Check these out and stay at the forefront of digital change in financial services:
Banking in today’s day and age has evolved rapidly, especially in the recent decade. With the rise in digital and open banking, new opportunities are sprouting up and disrupting the traditional ways of banking. Prominent banks such as JPMorgan Chase (USA) and ING (Europe) are fully aware of this and have adopted radical new approaches to best adapt and survive the changing environment. Voted one of the most influential people in banking by The Financial Brand, Chris Skinner provides detailed interviews with 5 banks in Doing Digital and shares his commentary on the secrets to thrive in the new era of finance and technology. Get DOING DIGITAL book now
See Chris Skinner speak at FFCON20 Week 3: July 23 Sustainable Finance: Purpose Driven Finance
The financial services industry has been evolving at unprecedented speeds with increasing competition from both within and outside the industry, notably from entrepreneurial FinTech start-ups and non-financial technology-based companies. Some of these entrants are looking to replace the incumbents with the technological disruption while others look to partner with them. In The Technological Revolution in Financial Services, Michael King and Richard Nesbitt ultimately believe that the increased competition from the technological revolution will benefit customers and lead to a more open and inclusive financial system. Get Technological Revolution in Financial Services book now
See Michael King speak at FFCON20 Week 1: July 9 Scaling Fintech Funding, Innovation and Competition: Intangibles Economy and Scaling Fintech in Canada
According to data, the US economy loses $3 trillion dollars in productivity due to excess bureaucracy, and $4.6 trillion of merchandise is left in abandoned e-commerce shopping carts. Why is the cause of these appalling statistics? Roger Dooley believes it is attributed to the growing presence of ‘friction’, which he defines as the unnecessary expenditure of time, effort, or money in performing a task. In FRICTION - The Untapped Force That Can Be Your Most Powerful Advantage, Dooley combines scientific research with real life examples to illustrate how to spot out areas of friction in an organization and explains the strategies to help eliminate them, creating a more swift and efficient experience for both the business and the customer. Get FRICTION book now
See Roger Dooley speak at FFCON20 Week 2: July 16 Open Banking and Future of Paytech: Reducing Friction in Banking and Financial Transactions
Blockchain is a growing field that is transforming the financial and technological industries in profound ways. In Financial Services Revolution: How Blockchain is Transforming Money, Markets, and Banking, Co-founder of The Blockchain Research Institute Alex Tapscott shares insights from some of the world’s top thinkers in blockchain in how to survey the coming digital storm. Discussions in the book revolve around global payment networks, tokenization, and innovative financing methods. Get FINANCIAL SERVICES REVOLUTION book now
See Alex Tapscott speak at FFCON20 Week 2: July 16 Open Banking and Future of Paytech: Financial Services Revolution
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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Bank of Canada partners with the Bank for International Settlements to launch innovation centre
Bank of Canada | Release | Jun 30, 2020
The Bank for International Settlements (BIS) and the Bank of Canada announced today they will be launching a BIS Innovation Hub centre to advance fintech innovation within the central banking community. The centre will open in Toronto within two years and is one of four locations scheduled to open in North America and Europe.
This partnership will advance the Bank’s understanding of the digital economy and the technological transformation of financial services. It builds on the Bank’s existing research and collaboration with partners in the central bank and technology communities on digital currencies and fintech.
“We’re proud to host a BIS innovation centre in Toronto and to strengthen our collaboration with other central banks and the private sector on digital technologies,” said Bank of Canada Governor Tiff Macklem. “This partnership will allow the Bank to continue its work on behalf of Canadians to explore how technology will shape the future of our economy and financial system.”
See:
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Bank of Canada Speech: Money and Payments in the Digital Age
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Growth in Canadian FinTechs Having Impact on Canada’s Banking Landscape
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Open Banking In Canada: Navigating The Future Of Money
“Toronto is an ideal location for a regional BIS innovation centre,” said Eric Santor, Advisor to the Governor on Digitalization. “The centre will be well-placed to identify key technology trends and contribute to the development of innovative solutions to benefit and enhance the global financial system.”
Notes
- The BIS announced on June 30, 2020 its expansion of the BIS Innovation Hub to four new locations in Europe and North America.
- The BIS Innovation Hub was established in 2019 to identify and develop in-depth insights into critical trends in financial technology of relevance to central banks, to explore the development of public goods to enhance the functioning of the global financial system, and to serve as a focal point for a network of central bank experts on innovation.
View: original release
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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Is FinTech getting it wrong? Focus on needs and wants
The Finanser | Chris Skinner | Jun 22, 2020
A friend of mine, Alessandro Hatami, wrote an interesting piece on Sifted that I shared in my news yesterday. He claims that neobanks like Monzo and Starling are not reinventing banking at all. They’re just modifying and improving it. Alessandro then goes on to cite the key things that banking should really focus upon:
See: Fintech Fridays EP39: The Power of Digitization and How to Get Exponential
There are three things banking customers fundamentally need — and are worth disrupting. Let us try to imagine what ‘transformation’ in these areas could look like in ‘The Ideal Neobank’:
- A Payment Account: Imagine a bank that allows you to seamlessly pay anyone, anywhere: be it your babysitter, your favourite retailer or a holiday home abroad. The bank takes care of everything and you can always be sure you will always get the fastest, cheapest, most secure solution possible.
- A Credit Line: Instead of an overdraft, personal loan, credit card, car finance or a mortgage you get a credit line. The bank knows you and will advance cash (with guarantees if required) as you need it. You make one payment a month — like a subscription — to pay for it.
- A Savings/Protection Tool: You have some excess capital and the bank enables you to buy any product in the market that allows you to protect and grow it. This would not only include savings accounts and investments but also pensions and insurance. And your bank would sell you any such product in the market that meets your needs — whether or not it’s their product or a third party’s.
I agree and disagree with his view. I agree that neobanks are not really disrupting core banking.
For example, the average old bank only updates its mobile apps 14 times a year, if they even have an app, whilst challenger banks update 31 times a year.
See: Is this the new face of Generation Z banking?
But do releases measure it? Do neobanks even do the right thing? Does Alessandro get it?
I’m not sure. I’ve written a huge amount of words about building a digital bank, but these musings made me go back to the whiteboard and start again. What would I do if I were launching a digital bank today?
For starters, I would ignore everything about banking yesterday. I would not start with payments, credit or savings in mind. I would go back to basics. What is banking for? Banking is for the exchange of value and getting the things you need or want.
Let’s start there.
There’s a difference between need and want. I need a home. I need food. I need to clean my teeth. I need to use the toilet. These are lifestyle things. For me, this is an important start point based upon user experience. People have lifestyle needs that involve money. I need to pay for my food, toothpaste and toilet cleaner. These are regular things that needs a regular bank, and this is what challenger banks seem to serve pretty well. But bear in mind that I’m not using the bank to pay for food, toothpaste and toilet cleaner. I’m doing this because I need to eat, wash and do that thing.
See: Challenger banks’ app downloads slump by 23.38% amid pandemic
There are then the things I want. I want to have a holiday; I want a car; I want to buy a house; I want some art on the wall; I want to be better off. These are all things that are perfunctory. They are important to me, but not necessary for me. And they are mainly big-ticket items, where I need a loan or some form of credit. It’s a longer-term thing.
In other words, needs are now and wants are tomorrow. They are very different things and can be served in very different ways.
Then add to this the other communities. We talk too much about retail and consumer activities, but what about commercial and investment banking? Well, the same applies imho.
In corporations they have needs and wants – short- and long-term things. In institutional investors, they have needs and wants – short- and long-term things.
The key here is that design should start with what the customer needs and wants. The customer does not need or want payments, savings and investments. The customer needs and wants health, wealth and happiness. The customer needs and wants understanding, support and service. The customer needs and wants focus, advice and confidence.
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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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Mastercard to Acquire Finicity to Advance Open Banking Strategy
Finicity | Release | Jun 23, 2020
Strengthens existing open banking capabilities with Finicity’s proven technology and talent
Enhances collaboration and co-creation efforts with fintechs and financial institutions
Furthers commitment to consumer-centric data protection and practices
PURCHASE, N.Y. – June 23, 2020 – Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.
The addition of Finicity’s complementary technology and teams strengthens the existing Mastercard open banking platform to enable and safeguard a greater choice of financial services, reinforcing the company’s long-standing partnerships with and commitment to financial institutions and fintechs across the globe.
See: Rebank Podcast: How to Build a Profitable Digital Bank with Tinkoff
Open banking gives people and businesses more control over their financial data. This includes determining how and where third parties – such as fintechs or other banks – can access that information to provide new services like money management programs or initiate payments on their behalf.
Mastercard has increasingly invested in this space over several years, including the 2019 launch of a set of comprehensive open banking solutions in Europe. The combination of these efforts with the Finicity technology powering platforms such as Quicken Loans Rocket Mortgage and Experian Boost has the potential to shape the next generation of open banking services.
“Open banking is a growing global trend and a strategically important space for us. With the addition of Finicity, we expect to not only advance our open banking strategy, but enhance how we support and accelerate today’s digital economy across several markets,” said Michael Miebach, president of Mastercard.
“Finicity has a proven business, built on partnerships with thousands of banks and fintechs, similar to us. Finicity also shares our commitment to consumer-centric data practices, ensuring consumers have a say in how and where their information should be used. It’s through the use of next generation open banking APIs and clear consumer approvals that this financial information can deliver streamlined loan and mortgage processes, rapid account-based payment initiation and personal financial management solutions.”
“Since our founding, Nick Thomas and I have focused on developing industry-leading technology and building an organization that empowers consumers and organizations to better understand, manage and use their financial data to improve their financial lives,” said Steve Smith, chief executive officer and co-founder of Finicity. “Enabling people to access and control their data, while ensuring best practices to protect that data, will continue to drive tremendous innovation that increases financial literacy, inclusion and health. This partnership with Mastercard helps us accelerate this mission globally.”
Strategic Rationale
Advances Mastercard as a Strong Open Banking Partner for Fintechs, Financial Institutions. Finicity’s technology and dedicated employees will enhance Mastercard’s existing open banking solutions by enabling them to expand in North America and other key geographies. Today, Mastercard open banking services in Europe feature connections to more than 1,800 financial institutions. With a direct connection to the North American banking, lending and wealth management ecosystem, Mastercard will extend Finicity’s reach to be a one-stop partner for any consumer, bank, merchant, fintech or government’s data, payment and open banking needs.
See:
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Here are the UK’s 5 leading open banking providers
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Opening up finance: Q&A with Eric Sager, chief operating officer at Plaid
Strengthens Capabilities and Offerings to Consumers and Businesses. Following the completion of the transaction, Mastercard’s existing technology and expertise combined with Finicity’s new analytics platforms, will help streamline the credit decisioning process for consumers and small businesses. Additionally, the integration of Finicity’s account owner verification tools to Mastercard’s New Payment Platform capabilities will deliver an improved ACH and real-time payments experience to consumers, merchants and businesses.
Enhances Commitment to Responsible Data Practices. Finicity shares Mastercard’s commitment to safe and secure data practices centered around the individual. Finicity’s co-founders have played a critical role in the advancing the discussion of best practices across multiple industries. Finicity has a strong commitment to deliver best-in-class data management practices by partnering with banks and their customers to ensure secure connectivity is established.
“Bank of America is a strong believer in giving people control over their financial information and the ability to share it securely,” said Mark Monaco, head of Enterprise Payments at Bank of America. “We’ve worked with both Finicity and Mastercard, as well as industry groups such as Financial Data Exchange, to accelerate the adoption of the highest standards of privacy and security for data sharing, and to eliminate the retention and storage of individuals’ financial details by third parties. We look forward to continuing our work with Finicity and Mastercard to further improve the customer experience.”
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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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