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2023 Trends For Enterprise Companies To Prepare for a Recession

April 19, 2023

Unsplash – D koi, Recession

Image: Unsplash/D koi

Based on the recent projections, global growth will slow down this year, going from 3.4% in 2022 to 2.9% in 2023. When facing periods of slow growth or recession, businesses must take steps to minimize the negative impact on their bottom line. Let's have a look at some practical ways enterprise companies can prepare for a potential recession.

#1 Keeping debts under control

High debt can be a heavy burden during a recession. Enterprise companies must have effective strategies to manage their debt effectively during an economic downturn.

For starters, businesses should focus on reducing their overall debt level. This can be done by cutting unnecessary spending and increasing income by renegotiating contracts and looking for new sources of revenue. Companies should also prioritize debt repayments and pay off debt with higher interest rates first.

Refinancing existing loans is another option to consider, as it allows companies to take out new loans with lower interest rates and reduce their borrowing costs.

Companies should also strengthen their credit control procedures and ensure clients pay on time. This can be done by setting up payment reminders, using automated invoicing solutions, and establishing clear policies to deal with delinquent accounts. When possible, companies can offer discounts or loyalty programs to encourage customers to pay on time.

#2 Develop strategies to manage cash flows more efficiently

During a recession, companies should develop strategies for managing cash flows more efficiently. This can be done by increasing liquidity through short-term financing or by selling non-essential assets.

Enterprise companies should also consider setting up a cash reserve, as this allows them to weather the storm more comfortably. A cash reserve is a sum of money that a business can keep on hand to meet emergency funding needs and periods of low revenue. Access to a cash reserve during a recession can help an enterprise company stay afloat and avoid cuts or layoffs. It can also help the business take advantage of any opportunity that may arise, such as discounted prices or supplies. Moreover, paying bills on time helps the company maintain good relationships with suppliers or creditors.

#3 Strengthen Security

Protecting your assets and data is particularly important when preparing for a recession, as damages to your property can be particularly painful during a period of economic contraction.

For starters, you should optimize your physical security strategy. This involves modernizing your business camera system and your access control solutions.

Make sure you select the appropriate type of camera for each area of your premises. For example, you can use infrared cameras to record nighttime activity or vandal-proof dome CCTV cameras for areas that are vulnerable to vandalism. You should also consider installing video analytics software, as this would allow you to detect suspicious activity earlier and avoid damage to your personnel and assets.

During an economic downturn, it's also important to strengthen your cybersecurity system. Loss of data to cybercriminals can cause significant financial and reputational damage to the company, which can be even more painful during a recession. Ensure you train your staff on the best cybersecurity practices, such as choosing strong passwords and recognizing phishing emails. It's also essential that you stay up-to-date with the latest antiviruses and firewalls and take additional steps to protect very sensitive data. This can be done by using modern encryption technologies and setting up multi-factor authentication (MFA) processes.

#4 Make Extra Efforts to Retain Top Talent

When economic times are difficult, enterprise companies must make extra efforts to retain their top workers. Having the right people on board during a recession can make all the difference and give you a significant edge over the competition.

For starters, companies should prioritize recognition and reward their best employees for their dedication and hard work. Making your workforce feel valued can increase their loyalty and morale, two very important factors when facing economic adversities.

Companies should also focus on upskilling. They can use periods of weaker economic performance as an opportunity to provide their staff with training that can maximize results when the company returns to growth.

Finally, companies should take proactive steps to look after the well-being of their employees. Monetary incentives alone are no longer sufficient to keep the workforce happy about their current work situation. Providing mental health support, flexible work hours, and helping employees manage stress can make your workforce feel more motivated and engaged.

#5 Automate Company Operations

Automating business processes can provide numerous benefits and help enterprise companies weather periods of economic downturns more effectively. Through automation, companies can, at the same time, reduce costs and boost productivity.

See:  KPMG: Canadian Fintech Investment Drops in 2022, Mentality Shift to ‘Sensible’ Growth

Automation allows businesses to eliminate time-consuming manual processes and repetitive tasks that are prone to human errors. This also allows them to divert their human resources to more complex and strategic tasks.


NCFA Jan 2018 resizeThe 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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OpEd: Decentralized AI Can Help Protect Humanity

Coindesk | Michael J. Casey | Apr 14, 2023

DALL·E-NCFA, Robot and World

Image: DALL-E/NCFA

In order to prevent the potentially destructive impact of AI on humanity, we need open-source innovation and collective governance that is possible through blockchain protocols and Web3, rather than the monopoly defaulting structure of Web2.

  • The recent alarmist demand for a six-month pause or even a militarily enforced shutdown in AI research – from people with experience, money and influence in the artificial intelligence industry – is founded on some fundamentally flawed thinking that will encourage the same destructive outcome for humanity that we seek to avoid. That the U.S. government is simultaneously orchestrating a crackdown on the crypto industry, a field of open-source innovation that develops the kind of cryptography and network coordination technologies needed to manage AI threats, makes this an especially dangerous moment for all of us.
  • Lessons learned from the centralized and ad-driven Web2 economy, where a small group of data-aggregating behemoths became the beneficiaries of "surveillance capitalism" by using personal data to shape human behavior and maximize ad revenue.
    • AI development under the same monopoly defaulting structure could lead to an even more exploitative system, but the solution is not to halt the research, but to incentivize AI developers to subvert the model.

See:  HyperCycle: Paving the Way for a Groundbreaking Path to AGI

  • Update capitalism: Market capitalism system worked for the analog economy, but the internet age requires a new model of decentralized ownership and governance.
    • Crypto technology could help define what that future looks like, even if we need guardrails for it.
    • Jacob Steeves, a founder of decentralized AI-development protocol Bittensor, who believes in building open ownership of AI where if someone can contribute, they can own it.
  • Concerns of regulatory capture in the AI industry.
    • OpenAI, a private company that recently took a $10 billion investment from Microsoft, could benefit if the demands of the open letter calling for a six-month pause in AI development are implemented, making it difficult for competitors to challenge OpenAI's dominance in the industry.
    • With the U.S. government's hostility toward crypto, a worrisome convergence emerges that could harm the open-source innovation needed to avoid AI's dangerous capture by self-serving centralized interests.

Continue to the full article --> here


NCFA Jan 2018 resizeThe 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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How Government Could Take Control of the Banking System

The Economist | Apr 12, 2023

Unsplash – Brett Jordan, Government

Image: Unsplash/Brett Jordan

Technology and regulation are making the government’s role in finance explicit. As happens after every banking panic, the safety-net is being remade. And so regulators must again confront a profound question: how far into finance should the hand of government reach?

  • Banks are inherently unstable. They offer deposits that are instantaneously redeemable while holding long-dated, illiquid assets such as mortgages and business loans. The mismatch means even well-managed institutions are vulnerable to a run that might be sparked by a misunderstanding. The fragility of banks is matched by severe consequences if they fail: runs tend to be contagious events that can cause credit crunches and recessions.

See:  Twitter Generation’s 1st Banking Crisis is Different From 2008

  • Despite the danger banks pose, governments tolerate their existence. The transformation of liquidity and maturity is thought to enable a greater provision of credit and faster economic growth than would be possible under the alternative: a system of “narrow banks” in which deposits are fully backed by only the safest assets.
  • Government support props up the banking system but also creates opportunities for bankers to exploit taxpayers. [Support] is becoming more visible due to new technology, and collateral policy is increasingly important in the event of runs or emergency central-bank loans.
    • Deposit insurance can lead to complacency on the part of depositors and bankers, requiring regulators to monitor excessive risk-taking.
    • Similarly, central banks act as a lender of last resort during crises, but determining collateral eligibility can influence banks' asset holdings. While offering too much support can lead to moral hazard, central banks have become more generous. Regulators could redefine the highest-quality liquid assets as bonds issued by the most creditworthy sovereign borrowers to ensure safety, but this could lead to narrow banking.

See:  As Valuations Plunge, Fintechs Become Acquisition Targets for U.S. Banks

  • The increasing possibility of banks being effectively funded by the government should concern those who appreciate the private sector's responsibility in assessing risk. However, the line between deposit financing backed by various state layers and direct state funding is becoming blurred. It's possible that a more overt government role in the banking system could be the logical endpoint of the road down which regulators have been travelling for some time.

Continue to the full article --> here


NCFA Jan 2018 resizeThe 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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Empowering the Next Iteration of Consumer Finance

Medium, JC Bahr-de Stefano | Mar 31, 2023

Access to credit in the US

Building the next decade of consumer finance

  • Last week in Las Vegas, I had the great pleasure of moderating a panel at Fintech Meetup re: building the next decade of consumer finance by leveraging real-time data and cash flow forecasting. I wanted to share some of the key insights shared during the session by our amazing panelists, Jose Bethancourt (Co-Founder of Method Financial), Ema Rouf (Co-Founder of Pave.dev), and Zane Salim (Co-Founder of Atlas)!

See:  CFPB Issues a Request For Information on “Data brokers”

  • 1/ Alternative data augments FICO across the entire credit spectrum — this is about FICO+ NOT replacing FICO.
    • The problem of credit invisibility in the US is growing, with an estimated 28 million adult Americans credit invisible and 21 million unscorable. To make decisions about these consumers and offer them financial services and products, alternative data, such as income and employment, can be used. This data can also help lenders make better risk-weighted decisions for many segments of users, not just credit invisible ones, and is particularly important during periods of economic stress.
  • 2/ Real time data powers better products and outcomes by enabling greater access and improving the quality of risk management.
    • Credit bureaus can take up to 45 days to report data, so lenders may not have the most up-to-date information on a borrower's behavior. Atlas, a payroll-powered credit card, uses real-time data to monitor users' financial health and adjust credit limits, allowing for better risk management and loss prevention.
  • 3/ The movement to make alternative data mainstream has to happen outside of the credit bureaus.
    • Credit reports do not provide a complete view of a consumer's debt obligations as there is a lot of data that is not furnished to the credit bureaus, including most BNPL loans. However, companies like Method collect data from over 60k institutions to provide lenders with a more comprehensive view of a person's debt obligations, combining data from credit bureaus with financial institutions' core banking systems.

See:  Canada’s Open Banking Journey: Interview with Abe Karar, Chief Product Officer, Fintech Galaxy

  • 4/ Recent innovation in infrastructure has made this data far more accessible than it has been in the past.
    • Recent advancements in infrastructure and tools have made it easier to access and enrich the data. Companies such as Method and Pave are providing infrastructure that helps fintechs and banks adopt and use this data, leading to accelerated adoption.
  • 5/ Mature lenders don’t want scores, they want raw data or attributes.
    • Understanding the data is crucial for them to explain it to originating banks or capital providers, and the use of attribute generation can speed up model development. Pave is an example of a company offering transaction cleaning, enrichment, and their own attributes toolbox for lenders to use in their proprietary models.

Continue to the full article --> here


NCFA Jan 2018 resizeThe 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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Exploring How Paid Surveys Impact Hardware Engineering

Guest Post | April 10, 2023

Unsplash – ThisisEngineering RAEng, testing hardware

Image: Unsplash/ThisisEngineering RAEng

Do you ever wonder how your voice is influencing the hardware engineering industry? Everything from products to services relies on consumer feedback to some extent. However, paid surveys can gather data in a way that is much more accurate and helpful.

We all know that companies need feedback to make their products better, and questionnaires are one way they can get it. By taking a look at how paid surveys are impacting the hardware engineering industry, you'll get a better understanding of how companies use this information and what your responses could mean for the future of tech. So what are paid surveys, and how do they influence the industry?

An Overview of Hardware Engineering

Hardware engineering is a complex and advanced area of engineering that focuses on the design and production of physical machinery, equipment, and computer components. To become a successful hardware engineer, one must have an understanding of both computer science and electrical engineering.

At its core, hardware engineering encompasses the development of prototypes, circuit boards, sensors, processors, and other physical technology components. It's essential to understand how these elements interact with different operating systems in order to generate the desired results.

One way in which hardware engineers gather feedback about their work is through paid surveys. Paid surveys provide critical insight into how user experiences can be improved or modified to increase user satisfaction with a given product or application. The results from these surveys then help engineers determine the changes that need to happen in order to create better hardware components.

Why Paid Surveys Are Helpful to Hardware Engineering?

Surveys for cash play an essential role in the hardware engineering industry. By seeking feedback from users through surveys, companies are able to amass a better understanding of how people use and interact with their products. This data is highly valuable when it comes to informing decisions on product design, feature development, and marketing tactics.

For example, surveys can provide insights into which features customers find most useful and which could use improvement. Companies can also use the study results to determine the best types of user interfaces for their products and how to price them competitively. Surveys are also helpful in gathering feedback on performance and other operational issues.

Ultimately, paid surveys provide valuable information that can serve product and service optimization for users. They help companies gain a better understanding of potential markets and trends. By incorporating this feedback into their work, hardware engineers can create better user experiences for everyone involved.

How Paid Surveys Impact the Design Process?

The design stage is where everything starts. From concept development to market research, paid surveys can help engineers understand customer needs and preferences to create better products. For example, collecting feedback on product ideas early on can help identify potential issues or problems before they become too expensive to fix. Plus, online surveys make gathering feedback from customers of all ages and backgrounds easy as they take advantage of today’s connected world.

Once the product is ready for the market, surveys can help with quality control. This added step can reduce defects by properly testing incoming parts and components from suppliers across multiple locations. Paid surveys are also useful when companies need to quickly gather data on customer satisfaction while users try the product in real-world situations.

Thanks to paid surveys, hardware engineers have access to data that helps them create better products faster and more efficiently, helping them stay ahead of their competition.

  • More Accurate Data 

Using paid surveys to obtain feedback from customers and stakeholders results in much more accurate data since it is motivated by financial rewards. This takes into account many different perspectives, giving the engineers a better chance of producing great products that meet customer needs.

  • Bigger Pool and Better Insights 

The use of paid surveys also helps to get acuities into customers’ mindsets and buying behavior from a larger population, thus giving engineers an indication of what type of features to incorporate into their hardware. This results in products that are more efficient and impactful.

  • Better Decision-Making 

Paid surveys also provide valuable feedback on existing products, which helps engineers identify problems in their current designs and act upon them quickly to make necessary changes to improve customer satisfaction. All this leads to better decision-making in terms of product design as well as marketing investments.

Start Using Paid Surveys for Better Hardware Engineering

Paid surveys offer a unique opportunity to understand the opinions of the mass population on various topics.

See:  Leger Survey: More Education is Required to Increase Awareness of Fintech Adoption in Canada

By going to the ground and spending time to get the answers, engineering teams can collaborate on a better product and better understand what the customer wants. This level of insight can create high-quality products that perform, ultimately leading to increased customer satisfaction.


NCFA Jan 2018 resizeThe 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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Top 5 Interesting Movies That Teach Us Financial Lessons

Guest Post | March 30, 2023

Unsplash – GR Stocks, movies

Image: Unsplash/GR Stocks

Movies are more than just a form of entertainment. They can also teach us valuable life lessons, and one of the most important topics they can tackle is personal finance. Whether you're a seasoned investor or just starting out, movies can offer insights into financial management that you might have yet to consider.

However due to licensing issues, these movies might not be available in some regions, for example, Canada..Luckily with the help of CrazyStreamerrs guide Canada this problem can be catered to, as it provides a solution on how to watch this movie with ease.

In this article, we will explore the best 4 interesting movies that teach us financial lessons. So let’s just dive in!

Discover the Top 5 Captivating Films That Impart Financial Lessons

1. The Big Short

Director: Adam McKay

Release Date: December 11, 2015

Cast: Christian Bale, Ryan Gosling, Steve Carell, Brad Pitt.

Synopsis: The Big Short is a fascinating movie that offers an inside look into the events leading up to the 2008 financial crisis. It follows a group of investors who discovered the flaws in the US housing market and decided to bet against the big banks.

The movie highlights the importance of staying informed about market trends and reading financial reports to make informed investment decisions. It also warns against the dangers of greed and overconfidence in financial markets.

The film is not only entertaining but also educational, providing a valuable lesson on the significance of due diligence and critical thinking in the world of finance.

2. The Pursuit of Happyness

Director: Gabriele Muccino

Release Date: December 15, 2006

Cast: Will Smith, Jaden Smith, Thandie Newton, Brian Howe

Synopsis: The Pursuit of Happyness is an inspiring movie that portrays the real-life struggles of Chris Gardner, a struggling salesman who becomes homeless with his young son. The movie highlights the importance of perseverance and hard work, as Gardner takes on an unpaid internship at a stock brokerage firm in a bid to turn his life around. It also showcases the challenges of single parenthood and the significance of responsible financial management. The movie is a testament to the fact that with hard work, determination, and a willingness to take risks, one can overcome even the most challenging obstacles and achieve success.

The story is a touching reminder that no matter how difficult the circumstances, one can always rise above them with the right mindset and attitude.

3. Wall Street

Director: Oliver Stone

Release Date: December 11, 1987

Cast: Charlie Sheen, Michael Douglas, Daryl Hannah, Martin Sheen

Synopsis: Wall Street is a classic movie that explores the cutthroat world of finance and the dangers of greed. The movie follows the story of Bud Fox, a young and ambitious stockbroker, who is willing to cross ethical boundaries to make it to the top. The film provides valuable insights into the workings of the stock market and the temptation to engage in insider trading. It also highlights the importance of ethical business practices and the consequences of succumbing to greed and ambition.

The story is a cautionary tale that shows how easily one can be seduced by the allure of wealth and power, leading to disastrous consequences. Wall Street is a must-watch for anyone interested in finance and business ethics.

4. The Wolf of Wall Street

Director: Martin Scorsese

Release Date: Leonardo DiCaprio, Margot Robbie, Jonah Hill,  Matthew McConaughey

Cast: December 25, 2013

Synopsis: The Wolf of Wall Street is a compelling movie that portrays the rise and fall of Jordan Belfort, a stockbroker who made millions through illegal and unethical means. The movie is a cautionary tale that highlights the dangers of excess and the consequences of engaging in fraudulent activities. Belfort's lavish lifestyle, which includes drugs, parties, and excessive spending, serves as a warning against the dangers of unchecked ambition and greed. The story also showcases the importance of ethical business practices. In contrast consequences of engaging in illegal activities, including loss of reputation, legal troubles, and the destruction of personal relationships.

The Wolf of Wall Street is a thought-provoking movie that provides valuable insights into the workings of the finance industry and the dangers of crossing ethical boundaries in the pursuit of success.

5. Maxed Out

Freepik – movies

Director:  James Scurlock

Release Date: March 9, 2007

Cast: Louis C.K, Mike Hudson, Beth Naef.

Synopsis: Maxed Out is a documentary that examines the world of credit and debt in the United States. The movie explores the consequences of over-borrowing and the predatory lending practices that often target vulnerable individuals. The documentary features interviews with debt collectors, bankruptcy lawyers, and ordinary citizens struggling to make ends meet. The film also exposes the dark side of the credit industry, including the exploitation of low-income communities and the financial devastation that can result from a single missed payment.

Maxed Out is a compelling movie that highlights the urgent need for financial education and responsible borrowing practices. It serves as a wake-up call for viewers to take control of their finances and avoid the dangers of excessive debt.

Wrap Up

In conclusion, these movies provide valuable insights into personal finance, investing, and the consequences of financial mismanagement. They teach us about the dangers of greed and excess, the importance of ethical business practices, and the value of perseverance and hard work.

See:  Plaid’s Annual ‘Fintech Effect’ Report Shows 84% of UK Consumers Use Fintechs to Manage Money

Whether you're a seasoned investor or just starting out, these movies offer valuable lessons that can help you navigate the complex world of finance. So, next time you're looking for a movie to watch, consider choosing one of these top 4 interesting movies that teach us financial lessons.

Happy streaming folks!


NCFA Jan 2018 resizeThe 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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Twitter Generation’s 1st Banking Crisis is Different From 2008

CNBC | Hannah Ward-Glenton | Mar 27, 2023

Wikipedia, 2007 run on Northern Rock

Image: Wikipedia, 2007 run on Northern Bank

The banking crisis today looks very different from 15 years ago thanks to social media, online banking, and huge shifts in regulation.

  • So how is it different?  Social media not only allows rumors to spread more easily, but also much faster.
    • "What social media has done is increase the importance of reputation, perhaps exponentially, and that's part of this problem I think," Donavan added.  Social media gives "more scope for damaging rumours to spread" compared to 2008, Jon Danielsson, director of the Systemic Risk Centre at the London School of Economics, told CNBC in an email.
    • "The increased use of the Internet and social media, digital banking and the like, all work to make the financial system more fragile than it otherwise would be," Danielsson said.
    • "There are a couple of tweets and then this thing [the collapse of Silicon Valley Bank] went down much faster than has happened in history," Fraser added.
  • While information can spread within seconds, money can now be withdrawn just as quickly. Mobile banking has changed the fundamental behavior of bank users, as well as the optics of a financial collapse.

See:  Digital Asset Experts School Senate Banking Committee Members on Silvergate Debacle

  • "There were no queues outside banks in the way there were with Northern Rock in the U.K. back in [the financial crisis] — that didn't happen this time — because you just go online and click a couple of buttons and off you go," Paul Donavan told CNBC.
  • Trust is key:  "I do not believe that [mobile banking] was the source of the problem. I think it was a lack of trust, of confidence in different banks, and that then contributed to this situation," Jordan said at a press conference Thursday.

Continue to the full article --> here


NCFA Jan 2018 resizeThe 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

NCFA Financial Innovation MapNCFA Innovation Opportunity BriefsNCFA Fintech Insights
NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter