Decentralized Venture Ecosystem

Category Archives: Fintech Opinions

Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individuals

Cato Institute | Norbert Michel | Jan 14, 2022

CBDCs - Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individualsEmmer introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) for use by individuals.

This week Rep. Tom Emmer (MN–R) introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) for use by individuals. A CBDC of this nature goes by several names, but it is just a private account for individual customers at the central bank, an institution that historically serves commercial banks.

In his press release, Emmer noted that “to maintain the dollar’s status as the world’s reserve currency in a digital age, it is important that the United States lead with a posture that prioritizes innovation and does not aim to compete with the private sector.” Emmer deserves high praise for taking such a principled stand for the private sector over further government centralization and control.

See:  ‘Ready to Go’: Powell Says Fed Report on Crypto and CBDCs will drop in the coming weeks

He clearly understands what’s at stake with a CBDC, and Americans can only hope that many other members of Congress share his sympathies. With any luck, the Federal Reserve researchers working on the Fed’s upcoming CBDC report — one that could be released any day now — are paying very close attention.

That report, among other things, is supposed to “evaluate whether to issue a CBDC and, if so, in what form.” This question of what form a CBDC might take is especially important, and that’s why Emmer’s bill is such a positive step.

CBDC proposals vary a great deal, but it’s the retail account based CBDC that poses the biggest risk to both personal and economic freedom. (Broader overviews of CBDC proposals can be found hereherehere, and here.)

See:  ECB Report on CBDCs: Functional scope, pricing and controls

So far, Fed officials have argued that the central bank only has the authority to offer accounts and payment services to commercial banks, as opposed to individuals, but nobody should doubt the Federal Reserve’s creativity. Its proclivity for creating special facilities, for instance, is especially worrisome given the details of some retail CBDC proposals.

Continue to the full article --> here


NCFA Jan 2018 resize - Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individuals 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

Latest news - Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individualsFF Logo 400 v3 - Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individualscommunity social impact - Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individuals

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Rep. Emmer introduced legislation to prohibit the Federal Reserve from issuing a CBDC for use by individuals



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Moxie’s impressions of web3 (from making some distributed apps)

Moxie Marlinspike blog | Jan 7, 2022

Moxie marlinspike blog - Moxie's impressions of web3 (from making some distributed apps)Despite considering myself a cryptographer, I have not found myself particularly drawn to “crypto.” I don’t think I’ve ever actually said the words “get off my lawn,” but I’m much more likely to click on Pepperidge Farm Remembers flavored memes about how “crypto” used to mean “cryptography” than I am the latest NFT drop.

Also – cards on the table here – I don’t share the same generational excitement for moving all aspects of life into an instrumented economy.

Even strictly on the technological level, though, I haven’t yet managed to become a believer. So given all of the recent attention into what is now being called web3, I decided to explore some of what has been happening in that space more thoroughly to see what I may be missing.

How I think about 1 and 2

web3 is a somewhat ambiguous term, which makes it difficult to rigorously evaluate what the ambitions for web3 should be, but the general thesis seems to be that web1 was decentralized, web2 centralized everything into platforms, and that web3 will decentralize everything again. web3 should give us the richness of web2, but decentralized.

See:  Inside the metaverse economy, jobs and infrastructure projects are becoming real

It’s probably good to have some clarity on why centralized platforms emerged to begin with, and in my mind the explanation is pretty simple:

  1. People don’t want to run their own servers, and never will. The premise for web1 was that everyone on the internet would be both a publisher and consumer of content as well as a publisher and consumer of infrastructure.We’d all have our own web server with our own web site, our own mail server for our own email, our own finger server for our own status messages, our own chargen server for our own character generation. However – and I don’t think this can be emphasized enough – that is not what people want. People do not want to run their own servers.
  2. A protocol moves much more slowly than a platform. After 30+ years, email is still unencrypted; meanwhile WhatsApp went from unencrypted to full e2ee in a year. People are still trying to standardize sharing a video reliably over IRC; meanwhile, Slack lets you create custom reaction emoji based on your face.This isn’t a funding issue. If something is truly decentralized, it becomes very difficult to change, and often remains stuck in time. That is a problem for technology, because the rest of the ecosystem is moving very quickly, and if you don’t keep up you will fail.  When the technology itself is more conducive to stasis than movement, that’s a problem. A sure recipe for success has been to take a 90’s protocol that was stuck in time, centralize it, and iterate quickly.

But web3 intends to be different, so let’s take a look. In order to get a quick feeling for the space and a better understanding for what the future may hold, I decided to build a couple of dApps and create an NFT.

Making some distributed apps

To get a feeling for the web3 world, I made a dApp called Autonomous Art that lets anyone mint a token for an NFT by making a visual contribution to it. The cost of making a visual contribution increases over time, and the funds a contributor pays to mint are distributed to all previous artists (visualizing this financial structure would resemble something similar to a pyramid shape). At the time of this writing, over $38k USD has gone into creating this collective art piece.

I also made a dApp called First Derivative that allows you to create, discover, and exchange NFT derivatives which track an underlying NFT, similar to financial derivatives which track an underlying asset 😉.

See:  If true, the valuation of this popular NFT marketplace would be the very top of the crypto market

Both gave me a feeling for how the space works. To be clear, there is nothing particularly “distributed” about the apps themselves: they’re just normal react websites. The “distributedness” refers to where the state and the logic/permissions for updating the state lives: on the blockchain instead of in a “centralized” database.

One thing that has always felt strange to me about the cryptocurrency world is the lack of attention to the client/server interface. When people talk about blockchains, they talk about distributed trust, leaderless consensus, and all the mechanics of how that works, but often gloss over the reality that clients ultimately can’t participate in those mechanics. All the network diagrams are of servers, the trust model is between servers, everything is about servers. Blockchains are designed to be a network of peers, but not designed such that it’s really possible for your mobile device or your browser to be one of those peers.

Continue to the full article --> here


NCFA Jan 2018 resize - Moxie's impressions of web3 (from making some distributed apps) 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

Latest news - Moxie's impressions of web3 (from making some distributed apps)FF Logo 400 v3 - Moxie's impressions of web3 (from making some distributed apps)community social impact - Moxie's impressions of web3 (from making some distributed apps)

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Moxie's impressions of web3 (from making some distributed apps)



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Inside the metaverse economy, jobs and infrastructure projects are becoming real

CNBC | Cameron Costa | Jan 15, 2022

metaverse world - Inside the metaverse economy, jobs and infrastructure projects are becoming real

If 2021's word of the year was "NFT," Avery Akkineni says 2022's will be "Web 3.0."

This year, digital assets built on the blockchain will likely continue to expand well beyond the music and art industries.

Luxury fashion brand Balenciaga has already teamed up with Fortnite to deliver to users designer "skins" to wear inside the game. Gucci has done the same with Roblox, and Louis Vuitton and Ralph Lauren have launched their own Roblox experiences. Brian Trunzo, metaverse Lead at Polygon Studios, which focuses on gaming, NFTs and Web3 efforts linked to the polygon digital currency and ethereum blockchain network, says nimble, smart streetwear brands are already in the space as well. "The players have finally taken the field, and the game is about to truly start," Trunzo said.

More direct commercialization strategies could be coming. Cathy Hackl, CEO and chief metaverse officer for the Futures Intelligence Group, a metaverse consultant, points out that for luxury brands in particular, the metaverse could be an access point for a secondary market.

See:  Bracing For Change In The Era Of The Augmented Workforce

"When someone sells their Birkin bag on The RealReal, Hermes does not see a cut of that. But through blockchain and NFTs, they are eventually going to get a cut of the secondary market," Hackl said.

There will be more jobs in the metaverse

As more companies seek a foothold in the digital universe, hiring opportunities for candidates comfortable with Web3 will grow. Hackl says her title may become more common.

"Even if you look at job boards, you're increasingly seeing demand for Solidity developers and Discord managers," Akkineni said.

Solidity is a computer language used in conjunction with the ethereum blockchain to build and deploy smart contracts. Discord is a social media platform favored by many gamers and the crypto community.

See:  Here's what it's like watching an NBA game courtside in the Metaverse

Big brands will naturally help drive Web3 job creation, but a new kind of employment might take center stage. The play-to-earn gaming model gained popularity in the Philippines with Axie Infinity four years ago, and now the game has over 1.8 million daily active users, some reporting an income of about $10 a day, and up to $1,000-$2,000 a month from solely playing the game.

Gaming and metaverse crossover investments grow

There has been controversy within the gaming world about virtual monetization, but the math that supports more investments linking the metaverse to gaming is simple, according to Spencer.

Metaverse will be one of the world's biggest infrastructure projects

The bigger the corporate plans for the digital world, the more computing power we'll need. As more brands leverage NFTs to build their communities in virtual worlds and as more consumers follow them in, technological and physical infrastructure moves into the foreground of the metaverse landscape. At the end of 2021, Intel estimated that Web3 metaverse projects will eventually demand at least 1000x the computing power we have now.

Continue to the full article --> here


NCFA Jan 2018 resize - Inside the metaverse economy, jobs and infrastructure projects are becoming real 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

Latest news - Inside the metaverse economy, jobs and infrastructure projects are becoming realFF Logo 400 v3 - Inside the metaverse economy, jobs and infrastructure projects are becoming realcommunity social impact - Inside the metaverse economy, jobs and infrastructure projects are becoming real

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Inside the metaverse economy, jobs and infrastructure projects are becoming real



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Alternative forms of capital will be key to develop sustainable economic systems

Fintech Confidential Issue 4 | Éliane Ubalijoro, PhD | Jan 13, 2022

liane Ubalijoro alternative forms of capitalare key to sustainability - Alternative forms of capital will be key to develop sustainable economic systems

A year and a half into the COVID-19 pandemic, the global economy is looking cautiously at recovery. According to the World Bank, growth will be very uneven given surges of virus variants, patchy vaccination rates, and withdrawal of government support measures, so global GDP in 2021 is still expected to be 3.2% below pre-pandemic projections. To support a more equitable and sustainable recovery, it is imperative that our economic systems recognize how they need to be underpinned by "flourishing communities, strong and resilient social institutions, thriving natural ecosystems and a stable climate” as the Capitals Coalition  articulates. As a member of their supervisory board, I truly believe that we must empower organizations to understand that their success and the success of the global economy more broadly is fundamentally dependent on natural, social, and human capital, in addition to produced capital.

We must work to curb greenhouse gas emissions in all the ways we produce goods and services, whether it is how we impact, air quality, energy management, water quality, how we reduce waste streams and maximize circular economies to minimize our ecological footprint. We must ask ourselves how are we valuing the rights of all people and nature, how are balancing our need for privacy and need for security, how are we making sustainable goods and services accessible, affordable and producible by all, not just some. It is time to consider product passports that standardize the ability to assess carbon footprint through a products lifecycle to help customers make buying choices that support planetary health. It is also important to ensure labor practices that favor employee health, safety, inclusion, diversity and equity.

It is time to enable that our businesses, financial institutions and governments include the value of all forms of capital in their decision-making, especially as countries face their commitments to the Paris Climate Agreement and United Nations 2030 Sustainable Development Goals.

And this is where there is huge potential to leverage digital technologies and increasingly, financial technology (fintech) to support a capitals accounting approach and to develop stronger ESG (environmental, social, governance) metrics in support of more sustainable investments.

For example, AgriLedger’s work in Haiti is very inspiring. This agricultural-focused blockchain systems provider is piloting a project to use blockchain technology for traceability and payment that will allow the farmer to maintain ownership until the sale at final destination, while all the packing and logistics services will be provided by AgriLedger. This mechanism scaled globally would give more power and improved livelihoods to farmers while minimizing waste streams as produce lifecycle management ensures maximum contribution to value chains as well as composting waste to increase soil health. CarbonX, a Canadian fintech-designed environmental software, enables users to calculate the carbon impact of their products and services and to offset this through investments in carbon mitigation projects carefully evaluated not only for their environmental impact but also for their social and economic impacts. Open Climate is a collaborative project led by the Open Earth Foundation, an non-profit organization operating globally and based in the United States. The project explores the potential application of a range of digital technologies to developing a transparent, global, integrated climate accounting system and aims to co-develop a decentralized ‘ledger of ledgers’ to collect and share climate data from around the world, balancing transparency and privacy.

Even with all these excellent examples, it is critical that the tools and technology are not developed in a black box. In order to have mechanisms such as stronger ESG metrics that can potentially transform investments and truly increase accountability, it is critical to first build trust. Trust in the metrics and trust in the technologies underlying the development of those metrics. By creating more inclusive, collaborative approaches to probe the assumptions underlying the algorithms used to develop ESG metrics, trust and common standards can be agreed upon.

Another barrier to overcome is the complexity of the systems at play

There is a dichotomy between technological literacy and education to build technological capacity on the one hand, and over-complexification of digital systems on the other hand. More of an effort must be made in order to de-complexify technology to some extent. This will avoid the development of what colleagues have referred to as “technological expertocracy” – or the continued development of a group of elites who have access to and understanding of the incredibly complex systems underlying the digital infrastructure that increasingly dictates our lives and is shaping fintech. A lack of trust in digital technologies or in the experts who develop and control them can create huge barriers to implementation, scaling, enabling policy frameworks and impact in terms of addressing systemic challenges such as climate change.

Related to this, there is a strong need to develop more human-centric technologies – including fintech. Engaging citizens more directly could be a positive way forward here, both to build trust and also to ensure that technologies are addressing biases, reflecting shared values, allowing more equity in access and incentivizing collaboration as opposed to increasing division.

And efforts are being made. For example, our initiative, Sustainability in the Digital Age, convenes leaders in business, government, science, and civil society to explore how to consciously steer the societal transformations unfolding from the development and deployment of new digital technologies, towards equitable and sustainable paths. Similarly, the Global Commons Alliance has been inviting all stakeholders interested in accounting and standard setting that considers ESG, to come together and work at shaping a co-creative space to align everyone. The international Coalition for Digital Environmental Sustainability (CODES) is an open multi-stakeholder community of change makers and practitioners that seek to collaborate in accelerating a digital planet for sustainability.

So the momentum is here, and collaboration is critical to unleashing the transformative power of digital technologies in an inclusive approach that values not just profit making but also our collective contributions to natural, social and human capital for planetary health.

liane Ubalijoro PhD - Alternative forms of capital will be key to develop sustainable economic systemsAuthored by: 

By Éliane Ubalijoro, PhD (LinkedIn)

Sustainability in the Digital Age, Executive Director

Future Earth, Global Hub Director (Canada)


NCFA Fintech Confidential Issue 4 250 - Alternative forms of capital will be key to develop sustainable economic systems

This article is featured in NCFA's digital magazine, Fintech Confidential (Issue 4). 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 - Alternative forms of capital will be key to develop sustainable economic systems 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

Latest news - Alternative forms of capital will be key to develop sustainable economic systemsFF Logo 400 v3 - Alternative forms of capital will be key to develop sustainable economic systemscommunity social impact - Alternative forms of capital will be key to develop sustainable economic systems

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Alternative forms of capital will be key to develop sustainable economic systems



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Following smart money crypto whale wallets

Reddit | cannainform2 | Jan 10, 2022

Whale alert - Following smart money crypto whale walletsWhat is a Whale Wallet?

Whales are loosely defined as anyone with a ‘large’ amount of crypto assets. Large hedge funds and investment groups such as Pantera Capital and Greyscale Investments are notable names that have been accumulating Bitcoin (and other cryptos) for quite some time now, but the typical whale is a private and anonymous multi-million dollar investor.

Different whales have different approaches to crypto. Some Bitcoin whales own billions in $BTC, only moving Bitcoin around to cash out. Others participate in DeFi ecosystems, small-cap gem hunting, or yield farming alongside retail investors.

Gaining an Edge from Whale Wallets

Finding a whale wallet is quite simple as blockchains are public ledgers, giving all users access into all transaction history. All that’s needed is a quick search in a blockchain explorer for the token you are researching.

See:  Snoop Dogg Reveals He’s An NFT Whale

If you’re looking for a specific token, just search “X token + blockchain explorer” to find the public ledger for that asset. Websites like Etherscan.io have a token “holders” tab which will automatically organize by position size.

Another way to find whale wallets is through transaction analytics companies and ‘whale watcher’ social media accounts and. The twitter account Whale Alert aggregates transactions through their public API and will tweet any transaction greater than $1 million USD.

Once you have a couple wallets in mind for the tokens you like to follow, use a platform that allows you to keep a watchlist to keep update on whale movements (like zapper.fi).

What to Watch Out For

There are always new projects and tokens to find from whale wallets. Whales often have insider information and can frequently bet small chunks of their portfolio for massive gains. But they can easily be wrong: keep that in mind before thinking that $2 million allocation to $MUSH, which is actually .5% of their portfolio, is the next 100x. Respect the elders, but practice caution.

Look at recent transaction history. Zapper.fi will show most tokens from most blockchains. Are recent transactions trading out of current holdings and moving to stables? A quick scroll through 7d97’s history shows all recent transactions on Fantom network, with a pretty sizable stablecoin yield farming position in 3pool on Curve. Maybe they’re bullish on Fantom, but holding stablecoins for a drawdown.

See:  Arcane Research: Summary of Crypto 2021

Sort out the noise. Wallet 00a4 has received hundreds of transactions over the past month that are worth less than a penny. But within all of that, a handful of transactions in $CRV and $CVX predicted the runup.

Yield Farming is a significant allocation of all these whale wallets. With more capital, yield farming becomes a more effective strategy. But keep in mind it requires careful attention, and many beginner investors are better off with buy-and-hold strategies

Often, whales use multiple wallets so you will never get a full picture of their holdings and their outlook on markets. Whales have different challenges and strong suits than small investors, and thus will trade in different ways.

Continue to the full article --> here


NCFA Jan 2018 resize - Following smart money crypto whale wallets 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

Latest news - Following smart money crypto whale walletsFF Logo 400 v3 - Following smart money crypto whale walletscommunity social impact - Following smart money crypto whale wallets

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Following smart money crypto whale wallets



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

FINTECH FRIDAYS Podcast: Season 4

JOIN US ON A STORYTELLING JOURNEY:  SEASON 4

FF iTunes - FINTECH FRIDAYS Podcast:  Season 4
FF Spotify - FINTECH FRIDAYS Podcast:  Season 4
FF TuneIn - FINTECH FRIDAYS Podcast:  Season 4
FF soundcloud - FINTECH FRIDAYS Podcast:  Season 4

EP55: Global Hiring Trends: How Gen Z Talent Thrives

FF EP55 How Gen Z Talent Thrives 800 - FINTECH FRIDAYS Podcast:  Season 4


 

Today's Featured Guest: 

ANNE-MARIE FANNON, Director, Work-Learn Institute, University of Waterloo (LinkedIn)

Bio:  Anne-Marie Fannon is the director of the Work-Learn Institute.  In this role, she sets the research and innovation agenda for the Work-Learn team.  Anne-Marie is passionate about leveraging Work-Learn’s research insights to inform the practice and pedagogy of WIL.  For the last ten years, Anne-Marie was director of Work-Integrated Learning Programs at the University of Waterloo. In this role, she oversaw the development and delivery of curriculum that supported students in a variety of work-integrated learning opportunities including the new (WE) Accelerate program, the EDGE program and the WatPD courses.  Anne-Marie is actively engaged with Co-operative Education and Work-Integrated Learning (CEWIL) Canada and serves as co-chair of CEWIL’s Government and External Relations Committee.   She was president of the association in 2016/2017 during which time she led the association through an expansion of its mandate from co-op to work-integrated learning.  To get in touch via email:  Amfannon@uw.ca

About Co-operative and Experiential Education at the University of Waterloo

The future of work is changing. The University of Waterloo’s commitment to the value of work-integrated learning makes it a global leader in co-operative and experiential education. With more than 25,000 co-op students and 7,500 employers in over 60 countries, Waterloo’s co-op program is recognized as one of the pre-eminent institutions in work-integrated learning.

Our talent pool boasts skill sets for all your business needs with thousands of future-ready students, fresh graduates, and alumni available for work.  Tap into bright, entrepreneurial candidates with technical skills, who are also prepared to utilize communication, critical thinking, problem solving and self-assessment in the workplace.  Future-proof your organization and claim your space at the forefront of innovation by hiring Waterloo talent.

About this Episode

On this Season 4 kickoff episode, NCFA Founder Craig Asano sits down with the incredible Anne-Marie Fannon, Director, Work-Learn Institute at the University of Waterloo, to better understand the motivations and needs of the next major human capital resource - Gen Z.  If you're a start-up, scale-up or HR professional seeking intel on an emerging tech savvy, innovative, and talent asset class then this podcast is for you.  Tune in now and learn not just the how but also the why you should be building relationships with Gen Z today.  Enjoy!  (FULL TRANSCRIPT)

SEASON 1 EPISODES:

EP1-Jul 20:  Global Crypto Payments and the Future of Digital Assets (CoinPayments)

EP2-Jul 27:  Canada's Role in the Global Fintech Ecosystem (Fintech Growth Syndicate)

EP3-Aug 3:  Doubling Down on Female Founders (Roar Ventures)

EP4-Aug 10:  Importance of a Smart Contract Safety Net (Sagewise)

EP5-Aug 17:  First Coin's M&A Story - Wall street meets Crypto (Galaxy Digital Canada)

EP6-Aug 24:  Asian Crypto Markets meet Canadian talent (Fintech Association of Hong Kong)

EP7-Aug 31:  Structuring an ICO and the Mind of a Fintech-preneur (Pegasus Fintech)

EP8-Sep 7:  Institutionalization of Crypto, China’s Ban and the Potential of Blockchain Decentralization (NexChange)

EP9-Sep 14:  New SmartPay Product & Front-line of Global Digital Payments (Curexe)

EP10-Sep21: A Regtech-based Blockchain KYC Solution for Document Custody (Commercial Passport)

EP11-Sep 28:  How Amazon Bank is Dominating and Risks of a Digital Bifurcated World (Schulte Research)

EP12-Oct 5:  Building Blockchain Products & Decentralizd Solutions for Enterprise and Start-ups (Northern Block)

EP13-Oct 12:  Road to Fintech IPO:  Capital Networks, Scalable Solutions, Putting People First (Progressa)

Ep14-Oct 19:  The Convergence of Data Intelligence and Money Algorithms (Senso.ai)

Ep15-Oct 26:  Gearing up Hyperion Exchange, Hybrid Models and Security Tokens (Hyperion Technologies)

EP16-Nov 2:  Envisioning the Future of Open Banking for Consumers and Businesses (Lending Loop)

Ep17-Nov 9:  How Artificial Intelligence is Optimizing Sales and the Future of Business AI (Fortuna.ai)

Ep18-Nov 16:  Bridging the AML/ATF Gap with Financial Institutions and the New Economy (Coinsquare)

Ep19-Nov 23:  Future of Business Tokenization and How Blockchain Challenges Concept of Money (TokenFunder)

SEASON 2 EPISODES:

Ep20-Jan 11:  Bitcoin Backed Loans and 2x Credit - Putting Your Crypto to Work (Mauricio Di Bartolomeo)

Ep21-Jan 18:  Meritocracy, Decentralized Innovation and the Power of Collaboration (Hussein Hallak)

Ep22-Jan 25:  Reducing Regulatory Burden by 25% in Ontario (Amar Nijjar)

Ep23-Feb 1:  Getting Smart About Crypto and Insurtech Snapchat Models (Justin Hartzman)

Ep24-Feb 8:  Re-imagining Philanthropy (Daryl Hatton)

Ep25-Feb 15:  Unlock the World (Kate Guimbellot and Jason Sosnowski)

Ep26-Feb 22:  Investing in Private Canadian Companies (Peter-Paul Van Hoeken)

Ep27-Mar 1:  Blockchain Gaming and esports (Shidan Gouran)

Ep28-Mar 8:  Rethinking Brokers (Muhammad Rashid)

Ep29-Mar 22:  The Future of Securities (Richard Carleton)

Ep30-Apr 12:  The Future of Canadian Crypto (Andrei Poliakov)

Ep31-May 14:  Blockchain Law (Jason Saltzman)

Ep32-May 24:  Rallying behind Bitcoin (Frederick T. Pye)

Ep33-May 31:  Indexing Consumer Loans and Financial Literacy (Phillip Postrehovsky)

Ep34-Jul 6:  Accelerating Fintech Growth (Brendan Holt Dunn)

Ep35-Aug 9:  Autonomous Alternative Lending (Vit Arnautov)

Ep36-Aug 22:  Techfins (Michael King)

Ep37-Sep13:  Funding is Female (Jill Earthy)

Ep38-Mar25: Why Identity Matters in an Evolving Online Environment (David Lucatch)

Ep39-Apr23: The Power of Digitization and How to Get Exponential (James Wallace)

Ep40-May22:  Why Bitcoin Exists and Education for the Masses (Austin Hubbell)

SEASON 3 EPISODES:

EP41:  40% pandemic growth, taking risks and innovating Insurtech in Canada (Danish Yusuf, Zensurance)

EP42:  Insights into the Teen Banking Sector and Improving the Financial Well-being of Families (Rim Charkani, WALO)

EP43:  Taking the Mortgage Process From 40 Days to Minutes (Chris Gries, FundMore.ai)

EP44:  The Vanguard of Digital Innovation and Ecosystems in Canada (Various NCFA Advisors)

EP45: Mission-driven and Consumer-centric Financial Services (Keith Taylor, DUCA Impact Lab)

EP46: Making Business Borderless: International Payments and Partnerships (Alastair Thompson, TransferWise)

EP47: How to Change the World: Risk Culture and Work-life Balance (Michelle Beyo, Finavator)

EP48:  How to Connect and Resonate with Customers Through Podcasting (Fatima Zaidi, Quill Inc.)

EP49: Managing Private Placements Has Never Been Easier (Brock Murray and Karan Khiani, Katipult)

EP50:  Compliance to the moon (Mark Binns, Digital Assets Inc.)

EP51:  Bacon and Eggs (Julien Brault, Hard Bacon)

EP52:  Technology Due Diligence Process and Cyber Security Risks (Forward Security, CIBC, RiskAware Group)

EP53:  Staying True to Bitcoin (Chris Naprawa, TAAL)

EP54:  How Digital Identity will Transform Human Potential (David Lucatch, Liquid Avatar Technologies)

 

SEASON 4 EPISODES:

EP55: Global hiring trends: How Gen Z Talent Thrives (Anne-Marie Fannon, Work-Learn Institute, University of Waterloo)

 

Interested in getting involved in FINTECH FRIDAYS?  info@ncfacanada.org

FINTECH FRIDAY$ is a weekly podcast brought to you by NCFA and partners, where we sit down with the incredible people in the Fintech and Funding community and talk about trends, product innovations, developments and challenges!

Fintech Fridays is an evolving and innovative educational platform focused on delivering authentic personalities, content and story telling on the journey of mainstream adoption of new financial technologies and their impact on the future of finance.

Subscribe and tune in each Friday to check out the latest movers and shakers.  Want to get involved?  Contact us about partnerships opportunities, hosting and more:  info@ncfacanada.org

NCFA Fintech Fridays podcast - FINTECH FRIDAYS Podcast:  Season 4

NCFA Jan 2018 resize - FINTECH FRIDAYS Podcast:  Season 4The 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

Latest news - FINTECH FRIDAYS Podcast:  Season 4FF Logo 400 v3 - FINTECH FRIDAYS Podcast:  Season 4community social impact - FINTECH FRIDAYS Podcast:  Season 4

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - FINTECH FRIDAYS Podcast:  Season 4



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

UK Research: How consumers use savings apps

OBIE UK | Jan 6, 2022

Savings apps - UK Research:  How consumers use savings appsAs part of new research conducted for the Open Banking Implementation Entity (OBIE) by independent research agency Marketing Means, we interviewed a small number of UK consumers, from a wide range of age groups and income brackets, who shared their experience of the market-leading savings apps.

How can apps help the saving habit?

Open banking savings apps offer a handy, ‘low impact’ way of helping individuals to save.

This works in two ways: providing an additional means of saving for more established savers, or in some cases, provide a way of saving to individuals who have otherwise struggled to do so.

Q. What are the positive aspects of using your savings app?

A. “I really like the saving round-up feature. I’d say overall they’ve met my expectations and exceeded them. And using it, I’ve matured as a saver.”

See:  Fiserv Research: Fintech Adoption Update on Consumer Expectations and Experiences

A. “It’s all very easy. How much goes in varies, as it runs itself in the background, but I really like the way I can slow down or speed up the savings rate through the app. It really gives me confidence that if I’m having a heavy week, I can adjust it.”

A. “I save through two apps. One has a fairly standard account but there are some issues with getting money out of that one. I’ve had some delays on withdrawals, so I tend just to leave the money in there. On the other app, I’m more engaged as I’ve got money going into two funds. One is a standard one but the other one has a higher risk rating. I enjoy doing that one. It’s satisfying seeing what happens with it, and fun as well.”

A. “The advantage was, I didn’t want to replace my bank account, so I didn’t want to go down a Monzo route. I wanted an additional savings facility that would link to different accounts I have.”

Q. Was the app easy to use and did it help you understand your finances better?

A.”I really like how the app slows me down. Because it’s a restricted access, I can’t just dip into it as I have done in the past with others. But also, that makes me reflect and means I can think about my money more. It’s changed the way I am with money, for the better.”

See:  Financial Consumer Agency of Canada publishes BNPL pilot study

A. “I like the flexibility. You can dial the savings rate up and down. You can boost a payday. I can use it flexibly to save when I’ve had a bonus. And I like the way they describe the investment plans – ‘standard’, ‘balanced’ – I think that’s a useful way to explain them, easy to understand. The app has a really good dashboard, it almost feels as if you’re getting a bespoke savings service that’s easy to use.”

A. ” I was attracted by the way it saves in the background, so you hardly notice it’s happening. When I started, I thought I’d build up a substantial fund really quickly. I’ve got a more realistic view now, but I’m still really happy with it.”

Continue to the full article --> here

Download a 68 page PDF UK fintech customer survey report --> here


NCFA Jan 2018 resize - UK Research:  How consumers use savings apps 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

Latest news - UK Research:  How consumers use savings appsFF Logo 400 v3 - UK Research:  How consumers use savings appscommunity social impact - UK Research:  How consumers use savings apps

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - UK Research:  How consumers use savings apps



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate