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Category Archives: Fintech AI/ML, Data-driven

RBC Research: Preparing for Hyperdrive – Themes that will define our new future

RBC Wealth Management Research | Dec 7, 2021

preparing for hyperdrive RBC - RBC Research:  Preparing for Hyperdrive - Themes that will define our new futureGet ready for accelerated disruption. As we think forward to the future, progress will be faster than it has ever been and it will not be linear. Just as we did in our Landmark 2018 Imagine Report, in this thought leadership study we have taken a global, cross-sector approach to determining the themes that will define our new future.

Challenging our global research teams in their respective areas of expertise and coming together to share ideas in recent months, we identified five key themes investors and executives alike across all industries must collectively understand to prepare for the years ahead.

Themes that will define our new future

1. The Quest for Immortality – Biopharma breakthroughs, life science real estate, 5G, autos, consumer wellness, space exploration and more come together to increase life expectancy rates globally.

2. The Individual Revolution – Data monetization, blockchain, gene editing and an evolving gig economy put the individual front and center like never before.

3. Artificial Intelligence Activated – This is no longer a drill. The path is set for the latter stages of AI to be integrated into our global economy. Don’t be left behind.

See:  WEF Insight Report: Digital Assets, Distributed Ledger Technology, and the Future of Capital Markets

4. Hybrid Living – Our physical and digital worlds are rapidly combining, suddenly becoming indistinguishable and the implications are radical.

5. The Great Balancing Act – An accelerating rate of change on multiple fronts has the potential to create unprecedented instability. Resources are constrained and as we make tremendous forward progress on global sustainability, we must always keep in mind the other side of the coin. Innovation will thrive and new tensions will arrive.

Download the 263 page PDF RBC Research report --> here


NCFA Jan 2018 resize - RBC Research:  Preparing for Hyperdrive - Themes that will define our new 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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Wealthsimple exits UK market (for now) – Too many investment apps in the UK?

Betakit | | Dec 6, 2021

elephant bank - Wealthsimple exits UK market (for now) - Too many investment apps in the UK?As Wealthsimple exits another international market, the Canadian FinTech giant has completed the transition begun earlier this year to focus solely on Canada.

Wealthsimple announced today that the company has sold its UK book of business to European digital wealth manager Moneyfarm (terms of the deal were not disclosed). Wealthsimple UK will transfer its existing 16,000 customers to Moneyfarm by end of January next year, and no longer provide advisory services.

The sale is the last step in a transition out of international markets begun earlier this year. Wealthsimple sold its US book of business to Betterment in March, citing a desire to focus more directly on the Canadian market.

“I think what you’ve seen from us, as we’ve divested from the advisors business a year ago, as we left the US market to focus on Canada, it’s about focus,” Katchen said, referencing Wealthsimple’s sale of its advisory service in 2020.

See:  Wealthsimple adds crypto portfolios to group-retirement plans

In contrast to its market scale-back, Wealthsimple has been aggressive in expanding its product offerings, adding savings and spending, cryptocurrency asset purchasing and spending, as well as peer-to-peer payments. In June, Katchen also told BetaKit that the company is exploring credit and insurance offerings.

Still, at that time, the CEO noted “our ambitions remain beyond Canada, and certainly we’re excited about other markets in time.”

The phrasing closely mirrors that of Murphree, which indicates Wealthsimple might not remain Canada-only forever.

Before new markets might come an IPO. In 2019, Katchen told BetaKit that Wealthsimple had set a target of $20 billion in assets under administration (AUA) before considering an initial public offering. According to the company, Wealthsimple currently sits at $15 billion in AUA, with over 2.5 million clients and tax filers across its Invest, Trade, Crypto, Tax, and Cash services; that’s three-quarters of the way to the finish line and a significant number of customers.

At the start of the decade, the standard FinTech approach to growth was to own one segment of the local financial value chain and scale to own it globally. Such global ambitions have mostly been dashed by a highly-regulated space where regulations differ per market, limiting the traditional scaling benefits of technology businesses (see Revolut’s on and off and perhaps on again-relationship with Canada).

See:  Rise of the super app

Following this year’s Money 20/20 conference in Las Vegas, the aspiration for FinTechs now seems to be becoming financial services ‘super apps’, adopting the model of Chinese giants like Alipay and WeChat. Both Revolut and PayPal have warmed up to the branding, and with some analysts skeptical that local wedge-product incumbents have what it take to compete globally with the likes of Apple and Amazon, the proposition of using regulatory hurdles as a walled garden to becoming a national FinTech super app seems quite appealing.

Continue to the full article --> here


The Armchair Trader | Stuart Fieldhouse | Dec 6, 2021

Low cost investment app Wealthsimple announces exit from UK market

Investment app Wealthsimple has announced it is closing down its UK operations and transferring its existing clients over to rival service Moneyfarm. The Canadian-based investment service said it would instead be refocusing efforts on its Canadian clients.

Wealthsimple had been active in the UK offering low cost investment services for almost five years. The company said it had contacted all its UK customers today about the transfer to Moneyfarm. Eligible assets will be transferred over in cash and will be reinvested in Moneyfarm portfolios based on the client’s investment goals.

Too many investment apps in the UK?

The decision by Wealthsimple to pack its bags is being seen by some experts as evidence that the low cost money app game is getting a little overcrowded. Further withdrawals and collapses are anticipated next year, including some M&A activity. There just seem to be too many so-called robo-advisers operating in the UK market, and margins are very thin indeed.

See:  How Do Canadian Discount Brokers Compare With Robinhood?

“The difference between setting up an app-based investment service and full financial advice couldn’t be larger and the general public is clearly waking up to this,” said Adam Walkom, co-founder of IFA Permanent Wealth Partners in London. “Finance can be scary and intimidating and people can and will make mistakes. That’s unfortunate but there is no substitute for a real person to talk through your situation and help you. Yes, of course it costs more, but what price do you put on peace of mind and long-term wealth building?”

The apps have succeeded in assisting many first time investors into the market in a cost-effective way, including helping them to benefit from the massive rally in stocks last year. But now it does look as if the UK market has become too crowded. Some pundits are wondering this morning whether Wealthsimple was getting distracted by the Canadian market.

Continue to the full article --> here


NCFA Jan 2018 resize - Wealthsimple exits UK market (for now) - Too many investment apps in the UK? 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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[Nov 18, IIROC Virtual Event]: Quebec’s Bill 64 regarding the Protection of Personal Information

IIROC | Nov 2, 2021

Speakers for IIROC Quebec Bill 64 event on personal information - [Nov 18, IIROC Virtual Event]:  Quebec’s Bill 64 regarding the Protection of Personal InformationIIROC will host a live virtual conference about Quebec’s Bill 64 regarding the protection of personal information.  The conference will feature a panel discussion about the new privacy requirements that apply to all public and private firms operating in Quebec. While the requirements of Bill 64 will be phased in over a three-year period, the task of ensuring compliance is significant and will require dedicated time and resources. Join us to learn key aspects of the new legislation.

Details:

Thursday, November 18

1:00 to 1:45 p.m. Eastern Time (ET)


Panelists include:

  • Claudyne Bienvenu, Vice-President, Quebec and Atlantic, IIROC
  • Eloïse Gratton, Partner and National Co-Leader, Privacy and Data Protection group, Borden Ladner Gervais LLP
  • Elisa Henry, Partner and National Co-Leader, Privacy and Data Protection group, Borden Ladner Gervais LLP

See:  Privacy Implications of an Open Banking System in Canada

The conference will be broadcast in French and English, and we will accept questions in both languages. We encourage you to send your questions in advance to Suzanne Lasrado, Director, Member Regulation and Strategy at slasrado@iiroc.ca, and if time permits, we will respond to all questions.

A recording of the webcast will be released shortly after the event date.

This conference will qualify for Compliance CE credit. CE letters will be distributed via email at the conclusion of the event.

Register for the November 18 IIROC event --> here


NCFA Jan 2018 resize - [Nov 18, IIROC Virtual Event]:  Quebec’s Bill 64 regarding the Protection of Personal Information 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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5 Ways Businesses Can Gain More Profit

Guest Post | Nov 1, 2021

Business profit and productivity - 5 Ways Businesses Can Gain More Profit

Businesses exist, at least in part, to turn a profit. The pursuit of doing that more effectively has occupied the free market since its inception. But in today’s fast-paced and saturated world, it’s difficult to know where to turn for realistic ideas to increase your business’s revenue. Here are a few top strategies you can employ to propel your business’s bottom line.

Use Business Analytics to Drive Revenue

The amount of data available to businesses today far outweighs what has been available in any other period of history. The trick is channeling data, and its application, in effective ways to drive business growth. Businesses that apply data analytics to their processes can experience revenue gains in a number of ways. Applying descriptive analytics can help a business gain deeper insights into trends, patterns, and spending tendencies within their market. Collecting data on patrons or participants can inform tailored marketing campaigns and decrease spend per recruit or conversion. Studying external market trends can help businesses identify market gaps and predict new opportunities.

Analytics can be thought of in four distinct categories:

  1. Diagnostic
  2. Descriptive
  3. Prescriptive
  4. Predictive

Whether you are looking to incorporate analytics for the first time or to diversify and increase the way your business employs analytics, there are ways to find ample ideas in each of those categories for getting more out of data analytics practice within your business.

Analyze Current Business Practices to Mitigate Costs

One particular method of applying analytics to business practice is by using “diagnostic” analytics to better understand current business practice and identify areas where costs can be minimized through improving processes.

See:  Accelerate—it’s time for insurers to move swiftly and decisively

Applying diagnostic analytics to your business doesn’t require expensive software packages to employ. Unlike other forms of analytics, this particular strategy can be implemented in simple, low-tech ways. Performing diagnostic analytics can be as straightforward as organizing a roundtable meeting with your floor managers; taking a day away from your desk to learn from your manufacturing staff; or taking notes for a week on a particular aspect of normal processes to see what you can glean by way of inefficiencies and ways to mitigate or remove them.

Supply Chain Pandemic Shortages & Management for Business Growth

The strength and health of a business’s supply chain is often overlooked, but has significant implications for a business’s profit and growth capabilities. Defined as “the network and relationships required to make and deliver goods and services,” your business’s supply chain (and its quality or lack thereof) can impact customer service, operations, costs and cash flow, and more. Some best-practice techniques to improve your supply chain’s strength include the following:

  1. Train all your personnel on supply chain understanding and management. Even though many of your departments or employees won’t deal with your supply chain directly, it’s important that each person in your organization understands how the supply chain affects their work.
  2. Incorporate “Total Cost of Ownership” into your analysis. Until recently, most supply chains considered only the cost of product acquisition and didn’t factor in costs relating to storage, security, transportation, and more. Calculate your figures accurately by counting ALL costs.
  3. Emphasize strong contract management for your supply chain team. Negotiating strong contracts with suppliers and other external entities in your supply chain can yield significant savings over time and lessen potential risks.

Of particular relevance in today’s post-pandemic economy is being aware of your supply chain’s strengths and weaknesses, and having strategies in place to combat unforeseen changes that could jeopardize any of its elements. Now more than ever, compromises to your business’s supply chain are possible that could cause significant loss in revenue. Take a hard look at the weak links in your supply chain and be proactive about developing strategies to minimize loss if anything goes wrong.

Create More Responsive Relationships with Consumers to Drive Retention

Marketing personalization and responsive customer relationship management are quickly becoming essential in many of today’s saturated markets. Developing strategies for connecting with your customers on a more personalized level can increase retention and boost lifetime customer value. Taking a more individual approach to marketing and customer engagement processes also allows your business to remain more in touch with their needs and preferences, get better feedback, and develop a stronger customer profile to inform your decision-making.

Nonfungible Tokens (NFTs): A New Tactic for Innovative Businesses & Nostalgia Prints

Nonfungible Tokens (NFTs) - the term sounds like something out of a space-age movie. However, NFTs represent an exploding craze that many envision may become a future normalcy across substantial realms of business and transaction. NFTs are “digital tokens — a unit of value built on top of an existing blockchain network.” Blockchain refers to a specific type of technology that acts as a “digital ledger of transactions.” Blockchain is also the technological foundation for cryptocurrency.

See:  Ways NFTs Can Reinvent Your Small Business

NFTs are specific, unreplicatable digital assets. Just like pieces of art, they are verified and unique and can accrue value over time. Certain industries, like e-gaming and collectibles, are already embracing NFTs as an alternative to currency. Well-known celebrities and companies like Atari are beginning to release NFTs for sale or auction. While NFTs are in their beginning stages of adoption and development, companies interested in diversifying or attracting tech-savvy early adopters are already incorporating the creation, trading, and promotion of NFTs into their marketing and product strategies.

Ready to start increasing your business’s profit? There’s no magic formula. All you need to do is pick a strategy and test it out. Some may work better than others - that’s part of the process. Don’t worry too much about picking right the first time. Any of these strategies can affect your bottom line, and if one you try doesn’t make a meaningful difference, it will reveal ways to move forward and provide you with new insight.


NCFA Jan 2018 resize - 5 Ways Businesses Can Gain More Profit 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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Why Artificial Intelligence Will Solve All Our Money Problems

Guest Post | Nov 1, 2021

AI in personal finance - Why Artificial Intelligence Will Solve All Our Money Problems

Artificial intelligence is already pretty big in the finance industry, but it's going to get better within a few years. It will get to the point where it makes life easier for the average person on a daily basis.

Things like paying off credit cards and applying for loans are still tough, but technology is coming on leaps and bounds. Let's take a look at some of the most popular ways AI will play a large part in our lives.

Easier To Apply For A Loan

When loan providers are unable to make smart lending decisions fewer people will be approved. It's important to err on the side of caution when you don't know whether or not someone will pay back a loan or default.

You can skip high-interest payday loan companies once AI reaches a point where it can accurately predict who deserves a loan. Not only will your application be approved, but it's going to go through much quicker too.

Paying Off Your Credit Cards

Too many people need to get a loan in Ottawa and other expensive places to pay off credit cards. Banks are at fault because they give you too much credit in the first place. AI will tell them a safe amount you can handle.

It will also let banks know when your credit limits should be raised because AI doesn't stop learning. More people will be approved for cards if they can afford them, and risky customers will be rejected when applying for credit.

Protecting You From Fraudsters

Multi-factor authentication helps people avoid fraudsters right now. Other systems put in place to protect you are effective too, but scammers always find a way to steal money because they're intelligent.

See:  Synthetic Media and Deepfakes: An insurance industry threat

Artificial intelligence is getting much better at detecting odd behavior and blocking transactions. I know it's sometimes frustrating when they get it wrong, but it's going to learn from any mistakes going forward.

Beat The Stock Market Regularly

Most professionals who've worked in the financial industry for decades can't beat the S&P 500, so what chance does the average person have? It means the stock market isn't enticing if you want to make lots of money.

AI is helping us predict the future more accurately, and machines can learn from things like the 2008 financial crisis. Once you know the right time to buy, hold, and sell stocks you'll be able to retire faster.

What To Spend Your Money On

We have apps that can help us understand how much we have to spend, but none that tell us if it's a good idea. Can you imagine the day when AI will be able to tell you whether or not to make a purchase you're thinking about?

See:  Kraken Crypto report and On-Chain Analysis: SHOKTOBER

You will be told why it's not a great idea and what you should do instead. If you can get a little better at spending on a regular basis it will add up. You'll also save time when you don't need to mull over financial decisions.

Will AI Improve Your Life

Will any of the advancements in technology we've talked about today improve your life? We're still in the early stages at the moment, but wait to see what it's like in a few years.


NCFA Jan 2018 resize - Why Artificial Intelligence Will Solve All Our Money Problems 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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The Holt Xchange Kicks off 2021 Investment Program

Holt Xchange | Jan Arp | Oct 7, 2021

NCFA Fintech Confidential article on HOLT Xchange new - The Holt Xchange Kicks off 2021 Investment Program

During this year’s investment period, The Holt Xchange hyper-targeted 7 main verticals that deemed most promising: digital identity, regtech, insurtechs, cybersecurity, digital lending, wealthtech, and digital assets. As a result, this led to better targeted candidates and as such, a greater number of applications were a better fit for our investment program and Holt Ecosystem.

As a way to engage with fintechs in these verticals, Holt hosted the ‘Holt Invests’ Webinar Series featuring special Holt Advisors and alumni portfolio companies who are experts in this space. As such, we were able to engage in some engaging conversations as they shared first-hand insights on the current trend and opportunities.

The webinars consisted of the following:

  1. The I AM Webinar explored trends and opportunities found within RegTech & Digital ID industries. It’s clear that compliance costs are surging and expected to continue this trend. For instance in 2018, businesses spent $1.3 million on average to meet compliance requirements and were expected to put in an additional $1.8 million (IAAP). In Europe, GDPR played a large role in compliance related cost increases for business, with more expected to come. Given Canada is moving forward nationally with programs like Bill C and provincially, such as Quebec’s Bill 64, we expect compliance costs in Canada to further continue. Additionally, FAbout 25% of all financial services applications are abandoned due to friction in the Know Your Customer (KYC) process, in part because current Identity Verification (IDV) procedures fail users. Need for consumers to support. To better prepare for these proposed legislative changes (ie. among many others), as well as support KYC / AML process, this year we invested in following regtech companies:
    1. RequirementOne com: Supercharge compliance power users and their ecosystem as Apple did for the mobile phone user.
    2. DigiPli com: We're redefining how financial institutions onboard customers by bundling a SaaS-based, end-to-end onboarding tool with ongoing support from AML experts.

See:  Where the UK is heading with Smart Data and why Fintechs want a cross-sectoral access

  1. The I BORROW Webinar explored the opportunities and trends found within Digital Lending space. There continues to be an emergence of alternative lending options, pushing lenders to compete on price, demographics and ancillary product offerings. Additionally new offerings such as revenue base financing, and buy-now-pay-later, are received with greater comfort by investors and customers alike. As such, while looking into alternative financing options and recognizing the lack of options for first time buyers in a surging real-estate market, we invested in a new financing product of:
    1. FirstStep Financial ca: Opening the Door to Home Ownership. Digital Lending
  1. The I EARN Webinar explored the opportunities and trends within Digital Assets, Investment & WealthTech industries. For instance, A survey conducted by the Alternative Investment Management Association and SS&C found that out of 100 global hedge fund managers, 69% of the market leaders use alternative data to boost performance. Also considering property earning assets, the real estate market showed no sign of slowing, and real estate sector funding appeared to be making a comeback early in the year, with VC funding to proptech companies growing 29% to $2.4B for Q1’21. Given the need for better solutions in trading and real-estate, we invested in:
    1. CityFalcon com: Using Big Data, AI, and NLP, we democratize access to financial content, personalize it, add analytics, and deliver it in real-time in 50+ languages. Capital Markets
    2. Reitium com: REITIUM is a blockchain real estate marketplace where everyone can be an investor starting with $100. PropTech

See:  Tokenizing Assets and Unlocking Value on the Blockchain

  1. While not a webinar in itself, the theme of I TRANSFER emerged throughout the series, focusing on payments and banking. Payments remains the largest attraction for VC investment, whereby funding for payments companies tripled compared to the previous quarter, with over $6 billion in funding. The number of deals (114) increased by 50%, with 18 mega-rounds accounting for over 75% of the total funding. From a banking side, according to Accenture, over 50% of banking tasks are still manually performed. By using technology, banks in North America can save more than 70 billion USD through 2025. Not only can technology improve the bottom line for banks, but we are witnessing better customer centric designs to better tailor and serve  niche demographics and communities. As such, we invested in the following payment and niche banking companies:
    1. Payzel com: Forged out of frustration we are building the GE Capital for Innovative Industries like cannabis. Digital Payments
    2. Phaze io: A prepaid payouts API for fintechs. Digital Payments
    3. PeopleHedge com(MAYBE)

The Holt Xchange has just invested in 8 of the best fintechs that build solutions for our society’s greatest challenges. They kicked-off their Growth Acceleration Program and are already in the process of working closely with the portfolio companies and leveraging their global advisory network to help drive their business growth.

I am very excited to work with this year’s portfolio investments, complemented with 500+ Advisors, and to have the backing of key partners like Fairstone, RBC, MNP, BDC and Montreal International.”  stated founding managing partner Jan Arp.

If you are interested to learn more about us, or meet our portfolio companies or Advisors highly suggest you attend our Fintech Show 2021 either remotely or in-person: Fintech Show 2021.

Read:  Tiger vs. SoftBank: Inside the investing playbooks that upended Silicon Valley

What’s Next for the Holt Xchange?  The Holt Fintech Show

  • When: Tue Nov 16, 2021
  • Where: Rialto Theatre (Montreal, QC)
  • Agenda:
    • 6 PM - 7 PM: Doors Open
    • 7 PM - 8:15 PM: Fintech Show
    • 8:15 PM - 9:00 PM : After Show
  • Tickets to register: https://bit.ly/3tdicJA

The world-famous Holt Fintech Show, in which our Holt 2021 Portfolio Companies will pitch their progress to date and share their next key milestones that the audience may want to get involved with, such as investing, partnerships, new clients, mentoring, etc.

This is a great networking opportunity for anyone looking to get more involved in the fintech ecosystem.

* If you can't make the in-person event, virtual options are available.

Join the LinkedIn event page here and remember to register a spot as spaces are limited!

 

About Holt XChange

Driving Canada’s Fintech leadership, The Holt Xchange is a global early-stage fintech fund headquartered in Montreal. Backed by Holdun, a 5th generation multi-family office, The Holt Xchange is focussed on building off of the legacy of Sir Herbert Holt. As the Holt family has done before, they are enabling Canada to take a technological lead in the next generation of financial services, known as Fintech. As Canada's most active seed fintech investor, Holt has spent the last year tracking over 10,000 early stage fintechs globally, soliciting the ones that presented a best match with their 500+ Advisor network, and then investing in the top 1% of applications globally, resulting in 35 investments to date.

 


NCFA Fintech Confidential Issue 4 250 - The Holt Xchange Kicks off 2021 Investment Program

This article is featured in NCFA's digital magazine, Fintech Confidential (Issue 4 Oct 2021). Click to read the latest thought leadership, insights and trends about Fintech in Canada:

Checkout NCFA's digital magazine, Fintech Confidential (Issue 4) --> here

 


NCFA Jan 2018 resize - The Holt Xchange Kicks off 2021 Investment Program 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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[Event, Oct 7, 2021]: Rising to the Challenge of New Global Realities

PPF | Sep 28, 2021

Rising to the Challenge of New Global Realities 1 - [Event, Oct 7, 2021]:  Rising to the Challenge of New Global RealitiesForging a new path for sustainable and inclusive prosperity in Canada

The reopening of the economy and the election of a new Parliament provides an opportunity for the country to address a series of long-standing and more recent societal challenges with the same determination as the pandemic itself. The following critical issues leave Canada no choice but to forge new routes to an improved future:

  • Accelerating technological change
  • The shifting nature of work
  • Rising demands for equality and inclusion
  • Disrupted immigration patterns
  • Climate-induced energy transformation
  • Emerging international rivalries

To this end, a working group of 12 members of Canada’s Senate undertook a study in late 2020 to examine where our nation should turn in developing the next wave of prosperity and how to ensure this success is shared by all. The Senate Prosperity Action Group heard presentations from more than 40 experts from across the economic and social spectrum, which will culminate in a report with recommended policy actions to be released in the weeks ahead.

The Public Policy Forum and Senate Speaker George J. Furey invite you to a special event featuring the Senate Prosperity Action Group and some of the most respected Canadian political leaders of the past half-century including John Manley, former Deputy Prime Minister of Canada, Frances Donald, Chief Economist, Manulife Financial, Tabatha Bull, President & CEO, Canadian Council for Aboriginal Business, Monique Leroux, Chair, Industry Strategy Council and Chris Ragan, Professor, McGill University and former Chair, Eco-Fiscal Commission. Our panelists will unpack the report and discuss how Canadian society can work together to achieve sustainable and inclusive prosperity. We also look forward to welcoming the Rt. Hon. Joe Clark and the Hon. Christy Clark for a fireside chat on Building Consensus which will be moderated by PPF President & CEO, Edward Greenspon.

Event:

Thursday October 7, 2021
1:00 p.m. - 4:00 p.m.

Register for this event --> here

Download the 66 page PDF report --> here


Related Report links:

A New North Star: Canadian Competitiveness in an Intangibles Economy

How to Build Canada’s Competitiveness Amidst the Rise of an Intangibles Economy and Greater Geopolitical Complexity

 


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