Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Category Archives: ESG, Financial Inclusion, Sustainable Finance
UK PRA Launches Diversity and Inclusion Consultation
Consultation | Sep 25, 2023
Image: Unsplash/Alexander Grey
The Prudential Regulation Authority (PRA) has released a consultation paper, CP18/23, on 25 September 2023, proposing rules and expectations to enhance diversity and inclusion in PRA-regulated firms to improve governance and decision-making.
Purpose of the Consultation
- The Prudential Regulation Authority (PRA) has proposed rules and expectations to enhance diversity and inclusion in PRA-regulated firms. This is believed to bolster firm governance and decision-making, aligning with the PRA's objectives.
- The consultation has been developed alongside the Financial Conduct Authority (FCA), which is also releasing a consultation paper on the same topic for FCA-regulated firms.
See: McKinsey Report: Diversity in Global Private Markets 2022 and Institutional Investors as Catalysts for Change
- The current proposals are built upon the regulators’ joint discussion paper titled "Diversity and inclusion in the financial sector – working together to drive change" which was published in July 2021.
Significance of Diversity and Inclusion
- Diversity and inclusion are essential for effective governance and decision-making within firms, reducing groupthink and enhancing risk management. While diversity covers demographics, experience, and thought, it's the role of inclusion to ensure these diverse perspectives are actively considered, especially by leadership boards, fostering a culture that values and encourages varied viewpoints.
- Challenges: Changing organizational outcomes to be more diverse and inclusive can be challenging and may take time. Initially, diverse teams might face challenges due to differences in perspectives and communication styles. However, over time, such teams, when led by inclusive leaders, tend to make more robust decisions.
- The PRA acknowledges that there are varying opinions regarding the evidence supporting the benefits of diversity. However, they believe there's enough evidence to warrant policy consultation in this area.
Participate in this Consultation by Monday 18, December 2023
- Respondents have the option to consent to the publication of their names in the PRA’s feedback response. They can also indicate if they regard any of the information they provide as confidential.
- Responses can be emailed to: CP18_23@bankofengland.co.uk
See: FCA Speech: Adapting Culture to Meet Changing Societal Norms and Consumer Expectations
- Alternatively, they can be addressed to: Governance, Remuneration and Controls Team, Prudential Policy Directorate, Prudential Regulation Authority, 20 Moorgate, London, EC2R 6DA.
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, artificial intelligence, 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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SEC Chair Gensler’s Mixed Feedback at Senate Hearing
Regulatory Insights | Sep 13, 2023
Image: Unsplash/Harold Mendoza
SEC Chair Gary Gensler recently appeared before the Senate Banking Committee on Tuesday, September 12, 2023, where he faced both praise and criticism regarding the oversight of his department.
Some key takeaways from the hearing:
Oversight and Regulatory Approach
- Gensler was questioned about the oversight of the Securities and Exchange Commission (SEC).
- His regulatory approach drew criticism, especially from Republican Senator Tim Scott. Scott accused Gensler of potentially increasing costs for public companies with climate disclosure rules and hindering pro-growth initiatives.
- Scott emphasized a need for a slower regulatory pace, stating:
"The breakneck pace you are pumping out regulations should not be applauded."
Grayscale Bitcoin Trust Ruling and Crypto Oversight
- Gensler was asked about a judge's ruling in favor of Grayscale in its bid to convert its Grayscale Bitcoin Trust (GBTC) into an ETF. Gensler mentioned that his team is still reviewing the decision.
- Gensler commented on the crypto field, mentioning that it is rife with noncompliance. He stated:
"..in [my] 44 years in financial markets, [I haven't] seen noncompliance to this extent in any other field, calling it "daunting."
See: Wall Street Opposes a Controversial Retail Investor Proposal by SEC Chair Gary Gensler
Climate Disclosure Rules
- Gensler faced questions regarding the SEC's proposed climate disclosure rule. Critics, including Senator Scott, believe that this rule could quadruple costs for public companies.
- Democratic Senator Jon Tester also expressed concerns about the impact of these rules on local Montana farm ranchers.
Watch the On-demand Video
The hearing highlighted the challenges and responsibilities faced by the SEC under Gensler's leadership. While some praised his efforts, others expressed concerns about the pace and direction of regulations, especially concerning climate disclosure rules and cryptocurrency oversight.
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, artificial intelligence, 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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G20’s Vision for Financial Inclusion through Digital Public Infrastructure
Digital Public Infrastructure | Sep 11, 2023
In a recent report by the Global Partnership for Financial Inclusion (GPFI) under the G20 India Presidency, the world's major economies have set forth their vision for advancing financial inclusion and productivity through Digital Public Infrastructure (DPI).
The G20's philosophy, "Vasudhaiva Kutumbakam," which translates to "One Earth, One Family, One Future," underscores a commitment to equitable growth and a shared destiny for all.
Despite the growth of digital financial services (DFS), approximately 1.4 billion adults worldwide still lack financial inclusion. A significant portion of this number resides in seven emerging markets and developing economies. Furthermore, there exists a vast financing gap for micro, small, and medium-sized enterprises (MSMEs). This gap is especially prominent for women-owned MSMEs, which account for an estimated $1.9 trillion of the unmet financing needs.
What are DPIs?
DPIs are essentially technological infrastructures that offer interoperable, open, and accessible digital platforms for public and private services. Examples include digital identification systems, payment platforms, and data exchange systems.
See: The Trifecta of India’s Digital Transformation is Turning Heads Globally
These infrastructures play a critical role in enhancing financial inclusion, spurring private and public innovation, and driving productivity gains.
- Foundational and Cross-cutting: Unlike traditional financial infrastructures that cater only to the financial sector, DPIs serve multiple sectors, acting as a base layer for various transactions.
- Modular: DPIs promote interoperability, enabling rapid integration and deployment of customizable offerings. They provide the backbone for innovative solutions without the need for individual sectors to start from scratch.
- Public Benefit: DPIs are designed with a public-first approach. They ensure equal access, drive public policy objectives, and promote financial inclusion, competition, and innovation.
- Digital Services: DPIs are tailored for the digital age, promoting the adoption of digital services and aiding the digitization of the economy. Their services are usually accessed through digital channels, yet they can also enhance non-digitalized services, for instance, through agent networks.
G20 Push for Digital Public Infrastructure
These systems provide critical public and private services that can drive significant societal impact. From Brazil's Open Finance framework, which aids in data sharing and product offerings, to India's Account Aggregator Framework that strengthens data infrastructure through electronic consent, DPIs are redefining the way financial services operate. Other countries like the Philippines and the UAE have also initiated strategies to integrate open finance systems and collaborate on data-driven innovations.
See: Canada to Launch ‘Digital Ambition 2022’ Public Consultation For Digital ID Framework of Federal Public Services
DPIs can accelerate the DFS landscape, bridging existing financial inclusion gaps. By fostering innovation, lowering transaction costs, and enhancing user experiences, DPIs can catalyze rapid advancements in financial inclusion and productivity. The report highlights use cases in areas like account opening, government-to-person payments, international remittances, and MSME finance to demonstrate DPI's potential.
Challenges
However, while DPIs hold transformative power, they also introduce new challenges and risks, such as operational, regulatory, and financial consumer protection risks. Effective governance and management are vital to ensure that DPIs bring about the intended benefits without exacerbating these potential risks.
- Achieving an effective DPI system can be complex.
- Different country contexts mean DPI models are not one-size-fits-all.
- New risks emerge, including operational, legal, regulatory, and insolvency risks. There's also the challenge of data and privacy risks, risks to competition, and technological obsolescence.
Policy Recommendations
See: So what is financial exclusion in the era of Open Finance?
The G20's policy recommendations revolve around five key dimensions:
- Harnessing DPIs to expedite financial inclusion.
- Promoting well-designed DPIs and a conducive environment.
- Implementing effective regulation, supervision, and oversight.
- Establishing robust institutional and governance structures.
- Prioritizing customer protection and inclusivity.
These guidelines provide a roadmap for authorities worldwide, urging them to leverage DPIs to achieve broader financial inclusion tailored to their unique national contexts.
A Balancing Act
The transformative potential of DPIs in reshaping the financial sector is undeniable. They can bridge gaps, enhance efficiency, and pave the way for a more inclusive financial future. Yet, careful consideration and mitigation of associated risks are crucial to harness their full benefits.
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, artificial intelligence, 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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Bitcoin’s Energy Blueprint for the AI Revolution
ESG | Sep 5, 2023
Image: Unsplash/Thomas Kelley
Drawing parallels between Bitcoin's energy journey and the future of AI, and how we can tread a sustainable path.
In the ever-evolving landscape of technology, energy consumption has become a pivotal concern. As AI's demand surges, mirroring Bitcoin's energy-intensive history, it's crucial to understand and adapt.
See: Bitcoin Mining Council Protest ‘Misleading’ Letter Sent to EPA
The global fascination with artificial intelligence is undeniable. However, this burgeoning interest comes with a hefty price – a strain on our electricity grids. As AI's popularity parallels Bitcoin's trajectory, the energy implications become even more significant. Bitcoin, with its massive energy appetite, offers a roadmap for AI's energy journey.
The AI Surge and Energy Concerns
Nvidia Corp's skyrocketing data-center revenue is a testament to AI's growing demand. Applications like ChatGPT are just the tip of the iceberg. However, the energy demands of such advancements, exemplified by Nvidia's GH200 Grace Hopper Superchip, are a cause for concern. This power-hungry component, drawing up to 1,000 watts, is a stark reminder of the energy challenges ahead.
Training AI models isn't just about data and algorithms; it's also about energy. Take BLOOM from HuggingFace, for instance. This model's training required a staggering 24.7 metric tons of CO2, a figure that doubles when considering the entire system's network connections and idle time. Such statistics underscore the urgent need for sustainable AI training methodologies.
Beyond training, AI's energy consumption continues. As highlighted by Amazon.com Inc., 90% of AI's energy costs arise during its operational phase. The energy required for inferencing, or implementing data, is believed to be tenfold that of the initial training phase. Such figures emphasize the long-term energy implications of AI systems.
Bitcoin's Renewable Energy Pathway
Bitcoin, despite its energy challenges, has showcased the potential of renewable energy. Cold regions abundant in renewable energy, like Iceland, have emerged as hubs for Bitcoin operations. Such models present a viable blueprint for AI's energy future, emphasizing the importance of sustainable energy sources.
- As AI continues to grow, its energy consumption will be a central concern. Drawing lessons from Bitcoin's energy history can offer valuable insights.
- Bitcoin's shift towards renewable energy sources provides a sustainable model for AI to emulate.
See: MintGreen to make North Vancouver world’s first city heated by bitcoin
As we stand at the cusp of an AI revolution, it's imperative to prioritize sustainability. By learning from Bitcoin's energy journey, we can ensure that AI's growth is both innovative and environmentally responsible.
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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Amber Buker at Totem is Pioneering Digital Banking for Native Americans
Digital Banking | Aug 30, 2023
Source: Totem website
A Personal Quest Turned Visionary Venture: 'Banking By and For Indigenous People'
In the vast landscape of fintech, where innovation is the norm, few stories resonate as deeply as that of Amber Buker and her groundbreaking venture, Totem. As financial institutions and investors scour the market for the next big thing, Totem stands out not just for its technological prowess but for its mission: bridging the financial divide for Native Americans.
Amber Buker, a proud member of the Choctaw Nation, knows firsthand the challenges faced by Native Americans in accessing financial services. From personal hurdles in buying a home to witnessing the broader community's struggles, Amber's journey is one of resilience and determination. Her experiences sowed the seeds for Totem, a neobank with a heart and a purpose.
Video: Redefining the Indigenous Experience through Innovation and Tradition (Lawrence Lewis, OneFeather, Founder)
Founded in 2022, Totem quickly made waves in the fintech world, raising over $2.4 million in venture funding. But for Amber, the numbers were just one side of the story. The real victory lay in launching the Totem app, a beacon of financial empowerment for Native Americans. With features like a debit card, mobile wallet, and direct deposit system, the app is more than just a banking platform; it's a statement that financial inclusivity is a right, not a privilege.
Partnerships with Purpose
Recognizing the power of partnerships, the neobank has forged ties with various tribal nations where tribes benefit from a share of Totem’s revenues, and Totem gains invaluable insights into the unique financial needs of the Native American community.
One of Totem's standout initiatives is its discussions about a payments proof of concept. This would allow ACH payments to be sent directly into Totem accounts, ensuring seamless and fee-free transactions for users. In a world where big banks often overlook the underserved, Totem's commitment to providing FDIC-insured accounts without hidden fees is a breath of fresh air.
FFCON23 Video: Advancing Fintech with Purpose
Amber and her team at Totem are challenging the status quo by addressing issues like the digital divide and the vast distances many Native Americans have to travel to access financial services, Totem is redefining what it means to be a community-based neobank. Their outreach extends beyond reservations, catering to the 70% of Native Americans living off them. In doing so, Totem is sending a clear message: financial empowerment should know no boundaries.
A Call to Financial Institutions and Investors
For financial institutions and investors, the story of Amber Buker and Totem is a clarion call. It's an invitation to look beyond profit margins and recognize the transformative potential of fintechs that prioritize social impact. As the fintech landscape evolves, stories like Totem's will undoubtedly shape its future. Amber Buker's vision, rooted in personal experience and fueled by a passion for change, serves as a beacon for all those looking to make a difference in the world of finance.
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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Aligning Fees with Sustainability Goals – Impact Linked Carry
Impact Investing | Aug 23, 2023
Image: Unsplash/John Cameron
In the intricate dance of finance, impact investing is taking center stage, pushing for a harmonious blend of profit and purpose. Drawing insights from a recent PitchBook article, we delve into how limited partners are influencing the alignment of fund fees with sustainability goals.
The Rise of Impact Funds
- Environmental, social, and governance (ESG) factors have become a cornerstone for LP mandates.
- Recent reports, such as the 2022 PwC study, highlight an anticipated growth in ESG-related assets under management (AUM) to a staggering $33.9 trillion by 2026, up from $18.4 trillion in 2021. This surge underscores the increasing importance of sustainable investments in the global financial landscape.
- Despite a general slowdown in PE fundraising, impact-focused funds have shown remarkable resilience. Data from PitchBook reveals that 2022 saw impact funds amass nearly $22 billion across 21 global funds, setting a new benchmark for capital accumulation.
See: Alternative forms of capital will be key to develop sustainable economic systems
- Paula Langton, a renowned figure in fund placement at Campbell Lutyens, noted a surge in sustainability-focused activities. She emphasized the growing willingness of LPs to commit to newer, previously unheard-of entities, especially those centered around climate action.
Impact-Linked Carry
- Furthermore, LPs are now advocating for GPs to tether their carried interest to tangible goals, such as carbon emission reduction or enhancing gender and racial diversity within portfolio company boards.
- The concept of impact-linked carry isn't novel. It traces its origins back to the late 2000s when Aureos Capital in London introduced a base rate of carry with provisions for enhanced rates upon achieving impact targets.
- Fast forward to today, and industry giants like Apollo Global Management and EQT have adopted similar models, linking carried interest to the realization of an impact fund's mission.
Challenges and Authenticity
- However, the road to impact investing is not without its challenges. Luke Dixon, a key player at Dot Investing, highlighted potential pitfalls, such as GPs potentially prioritizing data collection over genuine impact. The onus of proving an investment's impact lies with the GPs, but LPs and consultants are investing heavily in ensuring authenticity and preventing practices like greenwashing.
See: Report: ESG Ratings and Data in Financial Services – Practitioners Perspective
- With the rapid growth of impact investing, regulatory bodies are stepping in. Proposals from the European Securities and Markets Authority suggest stringent criteria for funds using "impact" in their names, emphasizing measurable social or environmental impacts. The European Investment Fund pioneered the emphasis on genuine impact investments back in 2008. Today, the sector is witnessing exponential growth, with GPs bolstering their presence in this promising domain.
In Conclusion
- The landscape of impact investing is undergoing a transformative shift. As the sector matures, collaboration between LPs, GPs, and regulatory bodies will be pivotal in ensuring that impact investing not only promises but also delivers a sustainable future.
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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McKinsey Report: Diversity in Global Private Markets 2022 and Institutional Investors as Catalysts for Change
Report | Aug 23, 2023
Image: McKinsey report, State of Diversity in Global Private Markets 2022
The McKinsey report titled 'The State of Diversity in Global Private Markets 2022", presents new research that captures regional differences in diversity within private equity and discusses the role of institutional investors as catalysts for change.
Key Insights
- Scope of the report:
- The research focuses on diversity in the global private markets industry, particularly private equity (PE) firms and institutional investors (IIs).
- The study surveyed 42 PE firms and IIs globally and conducted interviews with industry leaders.
- Institutional Investors' Perspective: Chief investment officers (CIOs) of leading IIs would allocate twice as much capital https://ncfacanada.org/why-venture-capital-firms-need-more-women-partners-and-entrepreneurs/to a more gender-diverse PE firm when comparing two similar firms. More ethnically and racially diverse PE deal teams would receive 2.6 times as much capital.
- While 23% of all investing roles are held by women at PE firms globally,
- Only 12% are women at the managing director level.
- However, at diversity-leading firms, 32% of MDs are women, and 32% are ethnic and racial minorities.
See: Strategies for Addressing Canada’s Tech Talent Gap: Leveraging Micro-Credentials, Accessible Training Programs, and Diversity in Hiring
- Geographic differences exist across the pond.
- PE offices in the Americas have the highest share of women in the C-suite.
- APAC leads in women's representation in mid-level roles, and
- Europe leads slightly at entry-level investing roles.
- Even at senior levels, women and ethnic and racial minorities may not hold the same positions of power as their counterparts. PE investment committees report 9% women globally and 9% ethnic and racial minorities in Canada and the US.
- Institutional investors can be significant catalysts for change in diversity within PE, given the capital they allocate to PE firms. They are increasingly requesting diversity data from PE firms during fundraising.
Focus Areas for Institutional Investors as Catalysts for Change
1. Institutional Investors are increasingly asking for and receiving diversity data from private equity (PE) firms during their fundraising processes.
- Since PE firms raise significant capital from IIs, they are motivated to align their actions and strategies to IIs’ priorities, especially during capital raises. By requesting diversity data, IIs can influence PE firms to prioritize diversity within their teams.
2. Chief investment officers (CIOs) of leading IIs have indicated a preference to allocate more capital to PE firms with more diverse teams.
- For instance, they would allocate twice as much capital to a more gender-diverse PE firm when comparing two similar firms.
- By allocating more capital to diverse teams, IIs can incentivize PE firms to prioritize diversity. The data suggests that not only would diverse teams receive more funding, but there might also be a penalty for PE firms that lag peers on diverse talent.
See: CSA Seeking Comments on Proposed Changes to Governance and Disclosure Practices Around Diversity
3. Standardization of Diversity Metrics
- One of the challenges both IIs and PE firms face is the lack of standardized metrics for reporting diversity. This makes the reporting process labor-intensive for PE firms and difficult for IIs to compare data across multiple PE firms.
- Standardizing diversity metrics would streamline the reporting process, making it easier for PE firms to provide consistent data and for IIs to make informed allocation decisions based on that data.
4. Broadening the Scope of Diversity
- The current report primarily focused on gender and ethnic or racial diversity within PE firms. However, there's a recognition of several other categories that contribute to employee diversity.
- A broader understanding of diversity, including aspects like socioeconomic background, sexual orientation, etc., would provide a more comprehensive view of diversity within PE firms, allowing IIs to make more informed decisions.
Does It Make Sense for Institutional Investors (IIs)?
Yes, it does make sense for institutional investors to focus on these areas for several reasons:
- Diverse teams are known to bring varied perspectives, which can lead to better decision-making and risk assessment. By investing in diverse Private Equity (PE) firms, IIs can potentially mitigate investment risks.
- Many institutional investors have environmental, social, and governance (ESG) goals. Promoting diversity aligns with the social aspect of ESG, allowing IIs to meet their broader objectives.
See: McKinsey Report on Gender Diversity in Canada
- The research suggests that there might be a "diversity premium." IIs believe that diverse teams might lead to better investment outcomes, and therefore, higher returns on their investments.
- In the current socio-economic climate, there's a growing emphasis on diversity and inclusion. By promoting diversity, IIs can enhance their reputation and branding, making them more attractive to stakeholders.
In conclusion, it's not only a moral imperative but also a strategic one for institutional investors to act as catalysts for change in promoting diversity within the private equity industry. The landscape of private equity is undergoing a significant transformation, with diversity at its core. As institutional investors wield their influence, they not only champion a moral cause but also pave the way for a more inclusive, innovative, and successful future in private equity. The journey towards diversity is both a challenge and an opportunity, and with the combined efforts of all stakeholders, the industry is poised for positive change.
Participate in McKinsey's 2023 Study
Sign up to participate in McKinsey’s 2023 State of Diversity in Global Private Markets study: Sign up to participate
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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