Rojin Nair, Advisor
June 1st, 2021
At Incyub8 Inc, Rojin is focusing on nurturing and guiding various national and international start-[...]
Category Archives: Fintech Services
Why is AI required for the future of mortgage lending?
FundMore.ai | Chris Grimes | Sep 20, 2021
The Mortgage Tsunami!
Mortgage lending in 2020 (and beyond) is set to break previous records. An estimated volume of over $4 trillion of new mortgages will be signed across North America. This increase in mortgage volume is accompanied by massive growth in refinancing, which is estimated to reach $2.4 trillion, more than twice the total of last year.
Considering the sheer volume of mortgage transactions, a vast amount of data is collected on the borrowers with each passing year. Mortgage lenders, no matter how big or small, need to harness the power of this data to make reliable predictions on the borrowers’ future behaviour.
Mortgage lenders rely on data to underwrite their loans, check eligibility, and detect fraud. The problem today is that it takes a significant amount of manual labour to extract data from paperwork. This lengthens the process and makes it costly.
What role can AI play in pivoting the future of the mortgage industry?
One of the main issues with traditional mortgage processing is its delayed response. Despite providing details up-front, a borrower must wait weeks for an approval. Analyzing customer responses and identifying the difficulties faced across different stages will help lenders streamline their application and approval process.
See: Here is why InsurTech is heating up as an investment category
Roughly 40% of lenders are already using AI in some capacity within their organization. We can expect automated underwriting systems to predict the probability of default for individual borrowers. The detailed review processes for loan approvals can be compressed into hours, facilitating a better decision-making process for lenders and other parties (such as insurance providers).
Future AI programs will utilize data points and indicators outside the mortgage application process (such as social media activity, geo-location, browsing patterns, and other online behaviours) to assist in lending decisions.
Streamlining and improving lending practices
AI helps financial technology (fintech) lenders underwrite loans faster than their traditional counterparts, as revealed in a 2018 study conducted by the Federal Reserve Bank of New York. While most fintech firms don't disclose the exact process, the following is what it may resemble.
Machine learning allows lenders to capture and analyze vast amounts of accurate data and channel it through automated work processes. It also helps lenders identify discrepancies in data, assess loan quality and detect aberrations throughout the loan origination & due diligence process. This allows underwriters to minimize time spent on each file and invest more energy in managing exceptional cases.
See: How Fintech is Changing the Mortgage Industry
In the case of missing data, an automated system communicates directly with the borrowers, collecting the necessary information. The system may require human input, but as machine learning gets better trained by larger datasets, it will become more accurate. In short, machine learning will automate tasks that were once performed by their human counterparts.
High-value datasets can be "sliced and diced" to obtain critical insights into current operations, design and implement workflow improvements, and eliminate potential problems related to lending practices.
Intelligent capture technology will also allow mortgage lenders to address one of the most critical challenges: high staffing costs. With advanced AI tools, streamlined processes and staff efficiencies can substantially decrease the cost of loans while delivering a more satisfactory borrower experience. In the foreseeable future, sophisticated AI programs will facilitate automation of the decision-making process throughout the loan's lifecycle.
What does this mean for the future of mortgage lending?
A personalized and superior customer experience! In addition to achieving operational efficiency, mortgage lenders will become consumer-friendly.
Several financial institutions (traditional and fintech) are using AI to enhance customer experience. Using the right datasets, it is possible to create an application form that can respond intelligently to clients, adapting to previous answers.
Read: What Industries Use Blockchain the Most?
AI modelling can help predict which potential clients should receive more attention from their marketing team in order to close the sale. This helps boost revenues and brings down the cost per unit. Focusing on stronger opportunities allows for targeted resource allocation and eventually produces greater results at lower costs. The savings achieved through these efforts can be passed on to clients in the form of lower rates, which in turn can help lenders increase their market share.
While AI has made substantial progress in the past decade, current technology is merely scratching the surface of innovation in the mortgage lending industry. The ongoing race to advance the AI-driven mortgage lending process is a big win for fintech, lenders and consumers.
Authored by:
Chris Grimes, CEO & Co-Founder of FundMore.ai has over 15 years of experience in the mortgage and lending space. Seeing an opportunity to automate many of the tasks within his company LoanDesk.ca, he realized that he could build a great aggregation tool that leveraged artificial intelligence and provide a full end-to-end lending platform.
This article appears as a featured article in NCFA's digital magazine, Fintech Confidential. Click to read the latest thought leadership, insights and trends about Fintech in Canada:
Checkout NCFA's digital magazine, Fintech Confidential (Issue 3) --> here
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
5 Things Any Client Would Want in a Financial Institution
Guest Post | Sep 20, 2021
Loan facilities are the ultimate solution to many problems, especially those involving accidents and natural disaster. Nevertheless, one could hesitate a little before deciding to opt for loans and financial support, unless, of course, they find the below facilities offered by an institution.
Low Interest Rates
Interest rates are the first thing that might pop in a potential client’s mind at once when they want to consider getting a loan of any type. Clients would truly wish for the lowest possible interest rates because it surely is no fun paying a lot, is it?
See: John Ruffalo Interview: Resiliency in Uncertain Times
The interest rate offered by a financial institution is usually what will determine a client’s decision, that is, whether or not they should go ahead with the specific institution for their loan requirements. Thus, the lower the rates are, the happier the client, and the higher chance that they’d choose the specific service.
Simple Application Procedure
Let’s not deny it, complex application procedures do not appeal to any client, especially to those in need of urgent financial support. There is a high chance of financial services losing their clients owing to this reason alone. Clients usually seek urgent financial assistance when they are in some kind of trouble. In such situations, dealing with other complexities is the last thing they’d want to, or be able to do. Thus, the simpler the application procedure is, the likelier the client will choose the service.
Quick Approvals
As mentioned previously, clients do not wish to waste time. In fact, they cannot afford to. The reason they look simple procedure is obviously, because the whole process becomes quicker. When a client has applied for a loan, they want to receive approvals at the earliest. Thus, any financial company that offers the facility is always going to be a client’s first preference. There might be so much that a client may have got to do with the money he has borrowed, and so, the sooner things work out for him, the better for sure! Look up litigation funding Canada has many such services. You can find the best and fastest ones available.
No Hidden Fee
It is true that clients fear being charged with hidden fee when it comes to loans and financial dealings with institutions. Such things are serious matters to clients, and ideally, shouldn’t be happening with them when they’ve placed their complete trust in an institution for support. Any fee being charged, whether in connection to your auto accident loans or something else, needs to be communicated to the client. So do the rest of the terms and conditions.
Multiple Services
The availability of multiple services is always seen as a great benefit by clients. In other words, nothing can be more relieving and fulfilling to a client if solutions can be offered by a single organization to their multiple problems. There are many financial institutions who offer wholesome services that clients benefit from hugely. In fact, some may look for such institutions more particularly. Therefore, Companies offering a range of quality services are likelier to draw more customers, naturally.
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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Securing Invoice Factoring As A Small-Business Owner, Expectations vs Reality
Forbes | | Sep 10, 2021
Payson Johnston is the CEO and Co-Founder of invoice finance marketplace Crowdz, helping SMEs get paid faster and access working capital.
For most enterprising Americans, running a small business isn’t a walk in the park, especially during a pandemic. With the fundamentals of how we conduct business changing seemingly every week, hardworking SMEs have adapted with new strategies to stay afloat, from bodegas and family restaurants introducing online shopping to dance studios offering remote classes.
With banks tightening lending criteria and government stimulus incentives requiring mountains of paperwork, SME owners have looked to alternative financing methods to fuel their most critical growth cycles and reach new milestones, from expanding product lines to growing their team.
See: ASC and FCAA adopt new prospectus exemption to support small business capital raising
Alternative financing options like invoice finance (or receivables finance) have emerged as a boon throughout the pandemic, despite existing in various forms, similar to factoring, for decades. Lower barriers to entry and reduced overheads have led to the proliferation of easy-access options and platforms, meaning private funding for communities is increasing as more investors and organizations realize their bottom line can support communities and drive returns.
As a leader in this space, I’ve witnessed some common misconceptions, or expectations, that make it unclear how invoice financing offers an alternative option to secure financing. Invoice financing isn’t new, but it has become more popular, particularly during the pandemic, because this method generally allows businesses to exchange unpaid invoices for instant cash, which is then repaid when the original invoice is settled by the customer.
Expectation: I need a high credit score or an established business to access finance.
Reality: So what happens if your business is young, hasn’t previously needed credit, or is deemed “riskier” by discriminatory lenders? Though there are many plausible reasons a responsible business may have a credit score in its infancy, it automatically rules out their lending options, right?
Read: The Intersection of Small Business, Tech and Our Financial Ecosystem is More Important Than Ever
Not quite. Invoice financing fast-tracks money you’re already owed, so the risk factor is reduced for the funder and makes highly leveraged credit lines redundant.
Some providers are also developing new risk assessment models to improve equitable access to finance. Businesses with timely repayment habits or creating positive impacts in their communities are incentivized with better rates. Further, initiatives like the Facebook Invoice Fast Track program specifically focus on improving access to finance for diverse and minority-owned businesses with the commitment of buying $100 million in outstanding invoices.
Expectation: Invoice finance is the last resort for failing companies.
Reality: Alternative finance providers have historically been seen as the final hope for businesses with nowhere else to turn other than high-interest, non-bank providers to bail them out. But the tables have turned. With the proliferation of fintech disruptors and the contracting risk appetite of banks, alternative finance options have become a tool for companies who need access to instant and reliable sources of working capital.
Within five years, 45% of businesses shutter, and for startups, this rate is worse, with over 90 percent eventually biting the dust. A study from U.S. Bank revealed for 82%, the biggest reason for failure is cash flow mismanagement.
Continue to the full article --> here
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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Cardano founder Charles Hoskinson discusses ‘bitcoin maximalism’ and ‘real-fi’
Yahoo Finance | Camomile Shumba | Sep 18, 2021
Cardano founder Charles Hoskinson believes no one blockchain will dominate the crypto sector, but rather, there will be an "internet of blockchains." The network recently underwent a major upgrade that gave it the ability to host smart contracts and other applications like non-fungible tokens.
Its native ada token has gained nearly 1,250% this year, and is now the third-largest by market capitalization, behind bitcoin and ether.
Hoskinson recently spoke with Insider about the key alonzo network upgrade, the future of decentralized finance and how smaller blockchains like cardano haven't yet seen the benefits of institutional investors jumping on the crypto bandwagon.
See: Is Staking Crypto The Same As Interest?
He covered a variety of subjects, ranging from maximalism in the crypto space, welcomed more "quality standards" for networks and even spoke about his upcoming tour in Africa - the world's third fastest growing crypto economy.
Select Top Quotes from the interview:
- "The other thing is DeFi needs to turn into 'real-fi' and needs to grow up, so that means it needs governance and true decentralization. It needs to have metadata standards, it needs to have quality standards, it needs to have real customers, it needs to have identity built in, all these types of things." - on what decentralized finance needs to mature.
- "Almost all [Cardano's] growth has been like bitcoin - organic, and it didn't have some centralized driving force that was doing market-making deals behind the scenes. Now that was a double-edged sword, it meant it took a hell of a lot longer for us to get listed on Coinbase." - on the challenge of purely organic growth.
- "(Institutional investors) tend to only buy bitcoin - but they're starting now to use utility impact, environmental concerns and other things as investment criteria, which excludes bitcoin." - on investor reservations over bitcoin. So then they have to move down the line and actually have to go with proof of stake systems and we're the largest. So we think we should get the lion's share of those allocations." - on cardano's edge over its competitors.
Continue to the full article --> here
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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Google partners with Dapper Labs to host Flow blockchain in the Cloud
Ledger Insights | Sep 15, 2021
Google has partnered with Dapper Labs to enable Google Cloud to host Flow blockchain nodes, Forbes reported. The partnership will help support Flow’s scalability and is an expansion of Google providing hosting for various blockchains.
Dapper, the company behind Flow, used the Ethereum blockchain in 2017 to power its first project, CryptoKitties. However, the NFT game proved so popular that it congested the blockchain network, slowing functionality and increasing transaction costs not just for CryptoKitties but all Ethereum users. Hence, Dapper developed its own blockchain network, Flow, which unsurprisingly, is explicitly designed for non-fungible token (NFT) collectibles and crypto games.
See: Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable
Flow powers Dapper’s NBA Top Shot, where the marketplace is responsible for over $680 million in transactions, and there are 50 other initiatives that use it. It also has plans to support brands’ individual NFT projects such as the Chicago Bulls and Sacramento Kings’ digital collectibles. It will soon host digital fashion platform Neuno and the leading digital marketplace OpenSea will also support Flow.
Google Cloud is the third leading player in the cloud hosting sector, behind AWS and Microsoft Azure. Both its competitors launched enterprise blockchain offerings. Azure Blockchain, in partnership with ConsenSys and Ethereum, was discontinued last week.
Google’s strategy in the blockchain industry has been to provide hosting for public blockchains. Google is a member of the Hedera Hashgraph governing council, its first public ledger. It was a candidate to run a node for the EOS public blockchain in 2020 and was chosen to validate transactions on Theta Videos public blockchain network. Partnering with Flow has the potential to add many nodes to Google Cloud.
Read: Non-Fungible Tokens in the media and entertainment industry
“It’s really about helping them with rapid and sustainable growth,” said Google Cloud North America VP Janet Kennedy. “Blockchain technology is becoming more and more mainstream. So companies like Dapper need scalable, secure infrastructure to grow their business, and even more importantly, support their networks.”
Continue to the full article --> here
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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Taking part in Y Combinator from Europe: is it worth it?
Sifted | Anh-Tho Chuong | Sep 16, 2021
Precious days spent working on our application, labouring over every word, filming our one-minute video over and over. Hundreds of pages of paperwork to register the company in the US, tens of thousands of dollars of legal fees. And the biggest sacrifice of all: 7% of our company.
These are all the things we had to give away to have a chance at participating in the world’s most famous accelerator programme, Y Combinator.
We breathed a sigh of relief when we got the email telling us we had a spot.
But what’s Y Combinator really like for a European company? And is the intense programme really worth it?
YC or not YC: our rationale
Capital has become increasingly abundant in the European ecosystem, especially for experienced operators like my cofounders and myself; I was the first employee and VP Growth of Qonto, a European fintech unicorn. So naturally, we considered taking a term sheet for a pre-product seed round when we created the company in March 2021. That would have given us a secure runway for the next two years so we could focus on building.
On the other hand, joining YC meant investing time and equity, both precious commodities for founders. But we believed Y Combinator would give us global exposure from day one.
What was it actually like?
Our batch was fully remote and included 400+ companies. Less than 10% of the cohort were female founders. It officially started in early June and ended with the Demo Day at the end of August, where each founder gave a one-minute pitch to 1000+ investors.
Here are our main learnings:
1/ The sooner you adapt to the new rhythm, the better
YC organizes two to four sessions per week: all-hands sessions, some featuring YC alumni, group office hours and individual office hours.
It’s easy to get overly excited and spend a lot of time listening to shiny alumni stories, rather than focusing on what really matters: building something people want. That’s why we quickly split up and had only one of us — we are three cofounders at Lago — attend each session based on who would benefit the most from the insights.
See: Are you a Pig, Gazelle or Bear? Beyond Unicorns, Zoology of startups
Juggling creating value from the programme and the network, committing to bi-weekly goals and leading the Lago team on a daily basis completely disrupted our existing rhythm. This pushed us to iterate faster. We were constantly held accountable and challenged by our YC partners, but this at times stretched us and our employees very thin. Be prepared to adapt fast.
2/ Leverage Bookface
We also quickly learnt that we had to be entrepreneurial in the way we built and got value out of our YC experience. Don’t expect any hand-holding, especially now that the batches are massive and 100% remote. So be prepared to leverage Bookface.
Bookface is YC’s knowledge base, and it answers 80% of the questions a founder can have about building and selling a product, be it to clients, candidates or investors. It’s the most valuable content I’ve ever read. I spent my first nights at YC crunching every article on my own, selecting insights and defining takeaways from them for our team.
See: How to Find an Idea for Your First Startup
Bookface also offers a YC investor database that pulls together information on relevant investors, ticket size, specific interest, and curated reviews from other founders. This enabled me to build an extensive list of relevant target investors, prepare for pitch meetings — based on YC alum advice — conduct due diligence and have a complete fundraising battleplan in a few hours. We only used our partners’ time to review the preparatory work we had done on our own, practice pitches, and get help to negotiate the term sheets we got.
3/ Seek support outside the official program
YC offers a wide support system outside the official batch programme, especially from alumni. We had our technical infrastructure reviewed by a CTO who scaled his company to unicorn status, for instance. Before Demo Day, female alumni also offered ‘fundraising as a female founder’ specific coaching as well. As YC is more a ‘buffet’ than a predefined experience, it’s easy to get lost in the sea of support that is offered, and not spend enough time actually building the product or talking to users. We constantly fought to find this balance.
Continue to the full article --> here
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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What are construction loans and how do they work?
Guest Post | Sep 16, 2021
Image: Pixabay
A construction loan is a kind of short-term financing provided by a bank that is used to finance the purchase of a new house or other real estate projects. A conventional mortgage, also known as a permanent loan, can assist you in purchasing an existing home. A construction loan, on the other hand, may be useful if you need to build a new home from the ground up, particularly if you also need to buy the raw land. Check out pomwaterproofing.ca for more information on construction loans.
How Do Home Improvement Loans Work?
If you are thinking of constructing a house, you are probably thinking about a piece of land or a newly built community. As a result, most construction loans cover both the cost of the land and the cost of the building.
Because of this additional complexity, building loans need greater lender participation than conventional house loans. Lenders will want to examine your construction plans, including an anticipated timeline and budget. These strategies will assist you in determining how much money you need for the loan.
Once you have obtained a loan, the lender will pay the builder at regular intervals following each step of development. The payment frequency is arranged into a drawn plan that you, the lender, and the builder agree on. Before releasing further funds, the lender typically checks on the progress of construction at each planned stage.
You only make interest payments until the construction is finished. Repayment of the initial loan amount does not commence until the house is finished. These loan payments are handled in the same way as regular mortgage installments, with monthly installments based on an amortization schedule.
Home Construction Loans Come in a Number of Varieties
Construction loans are classified into two types
Stand-alone construction loans and construction-to-permanent loans. While the cost of the land is often included in both kinds of construction loans, this is not always the case. Make sure you understand what expenditures a lender is prepared to fund and how the origination process would function if you worked with them.
1. Stand-alone construction loan
If you accept a stand-alone loan, you will ultimately require a separate mortgage loan after the work is finished. The lender provides the initial loan as a construction advance, and you only pay interest during this period. After the home is completed, you will repay the construction loan with a conventional mortgage.
See: Fintech Fridays EP43: Taking the Mortgage Process From 40 Days to Minutes
If you can only afford a modest down payment, or if you already own a house and want to sell it later, a stand-alone loan enables you to put additional money down when you sell. However, since you do not have the opportunity to lock in a mortgage rate while you have the stand-alone loan, you may wind up with higher rates when the time comes to obtain a mortgage.
2. Construction-to-permanent loan
This is a loan that combines the construction loan with a regular mortgage, so you do not have to refinance or go through another closing procedure after construction. Following construction, the lender turns the construction loan into a mortgage.
You may get a fixed-rate or adjustable-rate loan with a duration of 15 or 30 years, just as with any other mortgage. You may also lock in a cheaper interest rate from the start with construction-to-permanent financing. Construction-to-permanent loans are more convenient than stand-alone loans, although they typically demand a 20% or higher down payment.
How do you apply for a construction loan?
Is it more difficult to get a construction loan? Yes, building loans are more difficult to get than traditional mortgages. Most lenders consider construction loans risky (since there is no asset to back the loan), so if you decide to apply, you will face some stringent criteria. Many lenders demand the following for a construction loan.
Down payment
To get a construction loan, you must make a down payment of 20% or more of the entire project cost. This implies you will have to be ready to start the project with your own money or assets before a lender would agree to give you more. If you already own the land, for example, you may be allowed to use it toward the down payment amount.
Discuss this with your lender
The size of your down payment will be determined by the cost of your project, the land, and what you want to do with the money. Lenders need large down payments to ensure that you are invested in the project and will not disappear if anything goes wrong during development.
Strong personal credit
When applying for a construction loan, you will be required to furnish the lender with your personal credit history, even if you are applying as a small company. The lender will almost certainly request your personal FICO score as well as your company credit history.
Financial documents
A potential lender will often examine your current and previous debt and payment history, as well as any other loans or liens on your property. You will be required to submit financial statements, tax records, and evidence of other assets whether the loan is for your personal house or a small company building project.
Good reputation
Whether you are the builder or dealing with one, be aware that the lender will look at the builder's reputation. Any publicly available information may be used to make this decision, including vendor and subcontractor reviews, internet reviews, and prior work history.
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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