FFCON21 Breaking Barriers May 11-13, 2021

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Debating Element AI’s legacy

Montreal in Tech | Joseph Czikk  | Apr 2, 2021

element AI reception - Debating Element AI’s legacy

Sam Presti made a risky bet in the summer of 2018. The general manager of the NBA’s Oklahoma City Thunder traded for star player Paul George.

There was just one problem.

George had one year left on his contract before he was free to sign with whomever he wanted, and he made it clear he wanted to return home to Los Angeles to play for the Lakers. Presti made a bet on an asset that would probably skip town in a year’s time. In doing so, he risked his job in Oklahoma City, a small market team that doesn’t often lure high-end free agent players.

See:  4 Ways the Startup Landscape Will Shift in 2021

“Scared money don’t make none,” Presti famously remarked at the press conference, referencing a lyric from Midnight, by A Tribe Called Quest.

Presti’s big bet paid off. George liked it so much in the midwest that he spurned the Lakers and signed on for another year with the Thunder, shocking many.

Montreal’s next tech unicorn?

Like Presti’s gamble, risk-taking is sometimes necessary in life. And for so long it felt like Canadian tech markets like Montreal couldn’t stacked up to Silicon Valley and New York because of a lack of risk.

We’ve heard the same refrain over and over again: Canadian markets lack the big bet behaviour to compete with our American neighbours.

But in the October of 2016, the beginnings of what would become one of Montreal’s biggest bets to date began to take shape. A new incubation-style “AI startup factory” launched in an attempt to retain the city’s AI talent and provide a spark for young companies.

The company was named Element AI.

Four years later as we examine the wreckage, the question remains that has polarized Montreal’s tech community. Was Element AI positive or negative for Montreal’s tech sector?

Hype and fanfare

Element AI burst onto the Canadian tech scene four years ago amid hype and fanfare, promising to deliver AI-powered operational improvements to a range of industries and anchor a thriving domestic AI sector, wrote the Globe and Mail at the time.

“The company became the self-appointed representative of Canada’s AI sector, lobbying politicians and officials and landing numerous photo ops with them, including Prime Minister Justin Trudeau.”

But the mega-funded Montreal-based AI research company sold to the Silicon Valley cloud computing giant ServiceNow just before Christmas, 2020. The bargain-bin price tag was US $230 million, and adjustments and expenses could bring the final price down to US$195 million. This was far below Element AI’s reported value at between $750 million and $880 million when it last raised money ($200 million at the time) in September 2019.

See:  Forget Unicorns. Zebras are (more sustainable) and the future!

Debate abounded following the sale. How could investors pump so much public and private money into Element AI only to see this ending? How could it get to a point where actual earnings dramatically trailed overhead?

I spoke to several Montreal-based AI startup founders about this story. Some see it as a disappointing tale of a community desperately trying to build its own flagship version of tech success.

They’re frustrated that smaller AI startups in Montreal were ignored by local public and private capital firms. They say investors were too enamoured with Element AI, leaving little capital or facetime for smaller companies desperately competing for a slice of funding.

Others say the city is better off after the tale of Element AI, and that investors are now being chastised for taking the swing-for-the-fences gamble that many had long pushed for.

Dr. Jason Behrmann questions why the “grow fast at all costs using VC funds” model remains the most popular

“When you take $200, $300 million and you put it into one business, the reality is that there are probably 50 smaller AI shops that didn’t get $3, $4, $5 million in seed funding,” said Bouchard.

“I haven’t seen anyone from the government explaining how they’ll reuse that money and we haven’t seen any VCs do any sort of a mea culpa. These guys are just not talking about the deal,” said the source. “I think we’re long overdue for an answer.”

“Element AI tried to raise significant money and do it the Silicon Valley way, which happens 10 times a month in the Bay area. We tried it here and it didn’t work out. But we need to take risks, right?” said Maclean.

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NCFA Jan 2018 resize - Debating Element AI’s legacy 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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Banks Are Offering Five-Figure Raises and Time Off To Make Young Bankers Happier

Forbes | Jack Kelly | Apr 9, 2021

Banks and covid stress - Banks Are Offering Five-Figure Raises and Time Off To Make Young Bankers Happier

A little bad publicity goes a long way. In late March, the legendary investment bank, Goldman Sachs, was accused by a group of young bankers of making them work 100 hours a week.

The Wall Street analysts claimed that they were forced to endure a punishing schedule that left them exhausted and unable to have a social life. To ameliorate the situation, Goldman decided to offer them Saturdays off and said they’d find additional help to alleviate the workload. One day off doesn’t seem like much, but in the hustle culture on Wall Street, it's a start.

Investment banking is a highly competitive field. Now that Goldman set the precedent, other banks are one-upping each other by giving lavish salary increases, bonuses, days off and Peloton bikes to Gen-Z bankers.

Bank of America Corp., one of the nation’s largest banks, said it will enhance the salaries of its junior investment bankers starting May 1, according to Reuters. The salary increases are being awarded to show its recognition. While many sectors have been hit hard by the effects of Covid-19, financial firms have done well. Trading throughout 2020 and the first quarter of 2021was robust and underwritings of IPOs and Spacs were blazingly hot. This created the need for bankers to put in long, grueling hours to keep up with business demands.

The junior-level BofA bankers will receive an extra $10,000. More senior personnel, such as vice presidents, are slated to receive a $25,000 raise.

See:  Has fintech made banking better?

Additionally, Barclays, the U.K.-based bank with a large presence in the United States, is changing its policies in an effort to protect the mental health of young investment bankers. The British bank is allowing bankers to curtail their working hours. Associates won’t have to work from 9 p.m. Friday to 9 a.m. Sunday—except when it's necessary. The investment professionals will be advised to actually take their two five-day vacations a year to decompress from the stress.

Newly appointed Citigroup CEO Jane Fraser informed her 210,000 employees that she is banning internal video calls on Fridays. The move is part of a larger program to set boundaries and help her people have a healthier work-life balance.

Two top Canadian-based banks, Royal Bank of Canada and Toronto-Dominion Bank, have given an extra day off to bankers to help them deal with any stress, anxiety or burnout issues.

International Swiss-based bank Credit Suisse informed investment bankers that they will receive $20,000 bonuses. This would be for entry and mid-level bankers.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Banks Are Offering Five-Figure Raises and Time Off To Make Young Bankers Happier 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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Jack Ma’s Double-Whammy Marks the End of China Tech’s Golden Age

BNN Bloomberg | April 13, 2021

Ant group - Jack Ma’s Double-Whammy Marks the End of China Tech’s Golden Age(Bloomberg) -- The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over.

The country’s government imprinted its authority indelibly on the country’s technology industry in the span of a few days. In landmark announcements, it slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. for abusing its market dominance, then ordered an overhaul of Ant Group Co.

On Tuesday, regulators summoned 34 of the country’s largest companies from Tencent Holdings Ltd. to TikTok owner ByteDance Ltd., warning them “the red line of laws cannot be touched.”

See:  China’s Draft Anti-Monopoly Guidelines on Platform Economy

The unspoken message to Ma and his cohorts was the decade of unfettered expansion that created challengers to Facebook Inc. and Google was at an end. Gone are the days when giants like Alibaba, Ant or Tencent could steamroll incumbents in adjacent businesses with their superior financial might and data hoards.

“Between the rules for Ant and the $2.8 billion fine for Alibaba, the golden days are over for China’s big tech firms,” said Mark Tanner, founder of Shanghai-based China Skinny. “Even those who haven’t been targeted to the same extreme will be toning down their expansion strategies and adapting many elements of their business to the new bridled environment.”

Tech companies are likely to move far more cautiously on acquisitions, over-compensate on getting signoffs from Beijing, and levy lower fees on the domestic internet traffic they dominate. Ant in particular will have to find ways to un-tether China’s largest payments service from its fast-growth consumer lending business and shrink its signature Yu’ebao money market fund -- once the world’s largest.

Even companies that have been less scrutinized so far -- like Tencent or Meituan and Pinduoduo Inc. -- are likely to see growth opportunities curtailed.

Regulators grew concerned as the likes of Alibaba and Tencent aggressively safeguarded and extended their moats, using data to squeeze out rivals or forcing merchants and content publishers into exclusive arrangements. Their growing influence over every aspect of Chinese life became more apparent as they became the conduits through which many of the country’s 1.3 billion bought and paid for things -- handing over vast amounts of data on spending behavior. Chief among them were Alibaba and Tencent, who became the industry’s kingmakers by investing billions of dollars into hundreds of startups.

All that came to a head in 2020 when Ma -- on the verge of ushering in Ant’s record $35 billion IPO -- publicly denigrated out-of-touch regulators and the “old men” of the powerful banking industry.

See: 

The unprecedented series of regulatory actions since encapsulates how Beijing is now intent on reining in its internet and fintech giants, a broad campaign that’s wiped roughly $200 billion off Alibaba’s valuation since October. The e-commerce giant’s speedy capitulation after a four-month probe underscores its vulnerability to further regulatory action.

“The days of reckless expansion and wild growth are gone forever, and from now on the development of these firms is likely going to be put under strict government control. That’s going to be the case in the foreseeable future,” said Shen Meng, a director at Beijing-based boutique investment bank Chanson & Co.

“Companies will have to face the reality that they need to streamline their non-core businesses and reduce their influence across industries. The cases of Alibaba and Ant will prompt peers to take the initiative to restructure, using them as the reference.”

Continue to the full article --> here


NCFA Jan 2018 resize - Jack Ma’s Double-Whammy Marks the End of China Tech’s Golden Age 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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Clean Energy Bitcoin Mining Joint Venture Agreement Signed by Link Global Technologies and Neptune Digital Assets

Neptune Digital Assets Corp. | Release | Apr 12, 2021

Bitcoin clean energy mining - Clean Energy Bitcoin Mining Joint Venture Agreement Signed by Link Global Technologies and Neptune Digital Assets

VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- NEPTUNE DIGITAL ASSETS CORP. (“Neptune” or the “Company”) (TSX-V:NDA; OTC:NPPTF; FSE:1NW) is pleased to provide an update on its planned expansion into renewable energy Bitcoin (“BTC”) mining. The Company and LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) (“LINK”) have incorporated a joint venture company, Pure Digital Power Corp. (“Pure”), and in connection therewith, the Company, Link and Pure have entered into a shareholders’ agreement governing the management of Pure. Pure is a power and Bitcoin mining infrastructure company with an emphasis on clean sustainable energy.

See:  Cryptocurrency and energy consumption debate

Through Pure, Neptune and Link have agreed to develop an initial 5 megawatt (“MW”) renewable energy dominated BTC mining facility in Alberta, with potential for expansion and scaling. Establishing Pure and entering into the corresponding shareholders agreement follows shortly after the March 19, 2021 announcement of the proposed joint venture between LINK and Neptune to develop a green energy facility. All BTC mined under Pure’s operation are expected to be held in the treasury for reinvestment and decentralized finance (defi) based earnings, similar to Neptune’s current approach to treasury and asset management.

Highlights:

  • Pure is a joint venture company owned equally by LINK and Neptune — sharing equally in costs and crypto based revenues
  • The first Pure site will be in Alberta, Canada where LINK operates the majority of its BTC mining operations
  • The Pure site will be powered by clean energy sources — Solar, wind, and minimal natural gas
  • Focused on development of a Pure carbon credit token or NFT

Neptune’s President and Chief Executive Officer, Cale Moodie, commented: “We are extremely excited with our second foray into Bitcoin mining with Link, and an environmentally sustainably focused operation at that. We see the future of Bitcoin mining to be an environmentally sustainable one and this flagship operation is likely to be the first of many facilities to be developed using green sources.”

See:  Blockchain and the Future of Energy

Link’s President and Chief Executive Officer, Stephen Jenkins, also commented: “The creation of Pure is the perfect step in the evolution of Link. We have found a like-minded partner in Neptune who understands the value of green energy and sees the same business opportunity in creating a sustainable path for the energy requirements of BTC mining. The Pure 5 MW facility is only the beginning of what we expect will be an innovative and profitable relationship.”

Continue to the full article --> here


NCFA Jan 2018 resize - Clean Energy Bitcoin Mining Joint Venture Agreement Signed by Link Global Technologies and Neptune Digital Assets 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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ETF investors say Coinbase listing will cause explosion in crypto investing

ComplianceX | Jack J. Kelly | Apr 12, 2021

Cryptocurrencies - ETF investors say Coinbase listing will cause explosion in crypto investingThe pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd.

“Coinbase is going to blow people’s minds,” said Matt Hougan, chief investment officer at Bitwise Asset Management, which pioneered the first cryptocurrency index fund. “I think it’s going to force traditional finance to wrestle with the phenomenal growth that is taking place in crypto.”

It’s not hard to understand why. Coinbase is likely the biggest beneficiary of the cryptocurrency revival. It had 56 million verified users, with $1.8 billion in revenues in the first quarter alone, and a value that could be anywhere from $50 billion to $100 billion.

That is an extraordinary valuation for an exchange of any type. By contrast, Intercontinental Exchange, which runs the New York Stock Exchange, has a market cap of $65 billion, while Nasdaq has a market cap of $25 billion.

See:  The Under-Appreciated Significance of Coinbase Going Public

That kind of valuation is getting the investment community — and particularly exchange-traded fund investors — very excited.

Biggest crypto pure play

Crypto assets have had the same problem that other hot commodities (like pot or space) have had in the past: a high degree of interest with a notable lack of investible assets. Coinbase, however, will go a long way toward solving that problem.  Because ownership of crypto by individuals and institutions is still fairly low, many believe the valuation of Coinbase will encourage more private entities to go public.

“I think we’re going to see a gold rush for crypto equities as investors realize just how fast the ‘picks and shovels’ companies of the crypto ecosystem are growing,” Hougan said.

Michelle Bond, a former senior counsel at the SEC who is now CEO of the Association for Digital Asset Markets, an association of firms in the digital marketplace, said "the Coinbase listing will break down headline barriers because this will have to be approved by a traditional financial regulator, ensuring transparency, integrity and disclosure.”

Will the SEC finally approve a bitcoin ETF?

While bitcoin ETFs exist in the U.S., they do not directly own bitcoin. They own portfolios of stocks deemed to have exposure to blockchain technology.  A bitcoin ETF that owns bitcoin is a long-awaited dream of crypto investors because it will greatly expand the class of potential owners.

“A bitcoin ETF will provide an easy, simple and efficient way to own bitcoin,” said Som Seif, who runs the Purpose Bitcoin ETF, which trades in Canada. “Just like gold, the storage and custody of bitcoin is unique. An ETF solves that problem. Also it’s like a stamp of approval: There’s institutional backing. The GLD [Gold ETF] changed the world when it came out in 2004. It made it easy to own gold as an asset class.”

See:  Canadian Regulators Green Light World’s First Bitcoin ETF for Retail Investors

Several weeks ago, the SEC acknowledged the receipt of Van Eck’s bitcoin ETF application, which set in motion a 45-day regulatory review period. At the end of that period, the SEC must either approve, deny or extend the review period. Several other firms, including Fidelity, have also applied for a bitcoin ETF.  Most observers believe the SEC will punt and seek to extend the review period. The maximum period is 240 days.  However, most bitcoin watchers believe late 2021 could finally be the year a bitcoin ETF is approved.

“The biggest potential change is [SEC Chair nominee] Gary Gensler,” Magoon said, noting that Gensler has taught cryptocurrencies and appears more receptive to a bitcoin filing. He also noted that SEC Commissioner Hester Peirce, a Republican, has also been a supporter of a bitcoin ETF.

Continue to the full article --> here


NCFA Jan 2018 resize - ETF investors say Coinbase listing will cause explosion in crypto investing 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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How the no code movement is changing companies and empowering problem solvers

Sifted | Freya Pratty | Apr 8, 2021

tines - How the no code movement is changing companies and empowering problem solversNo code means the people who understand a problem the most are the ones devising its solution, says no code startup Tines.

No code — tech that helps people develop software without the need for code — is having a moment.

It’s projected that no code companies will be worth a collective $21bn by 2022; compared to the $3.5bn they were worth in 2017.

Emblematic of the trend is Tines, a startup based in Dublin that runs a no code platform helping to automate security work. Tines has just raised a $26m Series B round, led by Addition and including participation from Accel and Blossom Capital.

See:  How to Think About Your Business Model and Pitch It to Investors

Tines cofounder Eoin Hinchy says no code has the potential to make significant changes to the way we work: from giving a more diverse range of key skillsets, to freeing up staff time and ensuring the people who know most about a problem are the ones devising its solution.

Excel is the original no code platform, he says. It’s a platform that enables anyone to create a spreadsheet, with no coding or software development knowledge required.

No code is about developing similar platforms for other functions, so more people can build things without having to learn to code.

Tines

Tines is a no code platform for security analysts. Hinchy used to work in tech security himself — for companies like eBay, Docusign and PayPal —  where he says he realised that 80% of his team’s time was spent on repetitive tasks.

“It takes six months to hire a security analyst, then you’ve got them doing the same menial tasks over and over again,” he says. “And because they’re security experts not software engineers, they can’t write the code to get themselves off the treadmill.”

Tines aims to help those security experts to create their own automated solutions. The platform has broken down automation into seven actions which it says take three hours to learn how to use and, from there, people can automate any process themselves.

“Anyone, no matter what their technology background, will be as effective as a senior software engineer after three hours,” Hinchy says.

See:  Techlash continues to batter technology sector

The platform aims to automate 99% of menial tasks, be it things like sending responses to phishing emails, onboarding new employees, sending emails, updating systems or modifying incoming events.

What will no code change?

The central idea behind no code, and one of the main reasons people find it so exciting, is that it puts the people who understand a problem the most in the position to devise its solution. In the case of Tines, that’s the security experts.

“That’s when automation is successful, when it’s automated by the people who know the problem best,” says Hinchy.

This automation frees up staff to work on other tasks — in security, that means longer term risk reduction work. No code also, Hinchy, says, means that a more diverse array of staff have the skills to work on the solution to a problem.

Continue to the full article --> here


NCFA Jan 2018 resize - How the no code movement is changing companies and empowering problem solvers 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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Techlash continues to batter technology sector

Brookings | Darrell West | Apr 2, 2021

Tech Backlash - Techlash continues to batter technology sector

Source: Felix Decombat

In our Brookings Press book, Turning Point: Policymaking in the Era of Artificial Intelligence published last year, John Allen and I note the backlash against technology that has reduced public support for many things digital. As an illustration, Pew Research Center surveys show people are worried about privacy intrusions, cybersecurity risks, and misinformation campaigns. Many individuals think the pace of technological change is advancing too rapidly and it is hard to distinguish fake from actual phenomena.

Now a new Edelman Trust Barometer poll shows how much more widely this “techlash” has spread. In the United States, trust in the technology sector has fallen from 78% in 2012 to 57% in 2021. Globally, tech sector trust has dropped from 77% to 68% during that time.

In less than a decade, according to that firm, the public has grown far more suspicious about misinformation, personal privacy, 5G networks, and AI bias, among other things.

The decline of public trust in the technology sector has profound consequences for how people view digitization and options for government oversight and regulation. The precipitous drop over the past year is noteworthy because of the crucial role technology has played in the pandemic response. Due to COVID-19, people have shifted to online learning, telemedicine, remote work, and e-commerce.

See:  Edelman Canadian Trust Report: Trust declines in all sectors including 8% in technology

In this situation of widespread technology utilization to cope with the social distancing requirements of the pandemic, one might imagine the public would see the benefits produced in at least some of these areas would outweigh the costs and the risks. COVID-19 forced what otherwise might have been five years of digital change into five weeks. Nearly everyone has grown quite dependent on technology to work, learn, and communicate. That should have boosted public confidence in technology.

In the United States, trust in the technology sector has fallen from 78% in 2012 to 57% in 2021. Globally, tech sector trust has dropped from 77% to 68% during that time.

Yet the loss of trust suggests many are not happy with the role technology plays in their pandemic lives and feel there are many problems that need to be addressed. Although digital connections helped them work remotely, a number are suffering from Zoom fatigue, misinformation, privacy loss, and social isolation. A significant percentage seems to feel that tech risks outweigh benefits.

In addition, widely reported problems with online learning platforms have frustrated students, parents, teachers, and administrators. Rather than boosting confidence, these issues have eroded public trust. Although technology enables some types of learning, some experts have concluded students learned far less from online platforms than what would have been the case with in-person classrooms.

See:  PwC Report: Canadian Digital Trust Insights 2021: Cybersecurity comes of age

If public opinion continues to trend in negative directions for the technology sector, both in the United States and around the world, it likely will broaden support for government actions that regulate technology, raise taxes, ban certain applications, and limit product rollouts seen as detrimental to humanity.

A lack of public confidence will encourage political leaders to take tough regulatory actions and limit the freedom private companies have had for decades to develop new products, bring them to the marketplace, and engage in international commerce.

Continue to the full article --> here


NCFA Jan 2018 resize - Techlash continues to batter technology sector 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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Recent Appointments

7th Annual Fintech & Financing Conference and Expo (FFCON21): Breaking Barriers May 11-13 (Digital)
David Durand, Advisor, Innovation and Advocacy

David Durand, Advisor, Innovation and Advocacy

David Durand, LL.L., B.Sc. chem., – Founder and Managing Partner of Durand Lawyers – Lawyer (Québec)[...]
Michelle Beyo, Advisor, Payments and Financial Inclusivity

Michelle Beyo, Advisor, Payments and Financial Inclusivity

Michelle Beyo is Founder & CEO of Finavator INC, Money2020 RiseUp Alumni, Women in Payments Glob[...]
Paul Schulte, Advisor, Banking and Financial Services

Paul Schulte, Advisor, Banking and Financial Services

Paul Schulte is the Founder and Managing Editor of Shulte Research based in Singapore.  Paul's roles[...]
Sue Britton, Advisor, Corporate Innovation & Partnerships

Sue Britton, Advisor, Corporate Innovation & Partnerships

Sue Britton is CEO & Founder of FGS (FinTech Growth Syndicate) – Canada’s leading FinTech innova[...]
Charlene Cieslik, Advisor, AML and Compliance

Charlene Cieslik, Advisor, AML and Compliance

Charlene Cieslik is the Principle of Complifact AML Inc., and currently spends her time assisting th[...]
Michael R. King, PhD CFA, Advisor, Fintech Research and Education

Michael R. King, PhD CFA, Advisor, Fintech Research and Education

Michael R. King, PhD CFA Lansdowne Chair in Finance Gustavson School of Business, University of Vi[...]
Alan Wunsche, Advisor, Blockchain

Alan Wunsche, Advisor, Blockchain

Alan Wunsche, MBA, CPA, CA, CBP – Founder, TokenFunder and Co-founder/Chair, Blockchain Canada Al[...]
David Lucatch, Advisor

David Lucatch, Advisor

David Lucatch Chair, KABN David has spent more almost 35 years in the international marketing ar[...]
Sherwood Neiss, Advisor, Global Crowdfunding Markets

Sherwood Neiss, Advisor, Global Crowdfunding Markets

Mr. Sherwood Neiss co-authored the “Crowdfunding Exemption Framework” which became the basis of Titl[...]