Category Archives: Press Releases

July 1, 2020   Digital, NEO, Open Banking, Open Finance, FinTech and Alternative Finance, Fintech International, Innovation and Resources, Legal Issues, Regulation, Consultation, Press Releases, Stories   No comments

Bank of Canada partners with the Bank for International Settlements to launch innovation centre

Bank of Canada | Release | Jun 30, 2020

Bank of Canada buildingThe Bank for International Settlements (BIS) and the Bank of Canada announced today they will be launching a BIS Innovation Hub centre to advance fintech innovation within the central banking community. The centre will open in Toronto within two years and is one of four locations scheduled to open in North America and Europe.

This partnership will advance the Bank’s understanding of the digital economy and the technological transformation of financial services. It builds on the Bank’s existing research and collaboration with partners in the central bank and technology communities on digital currencies and fintech.

“We’re proud to host a BIS innovation centre in Toronto and to strengthen our collaboration with other central banks and the private sector on digital technologies,” said Bank of Canada Governor Tiff Macklem. “This partnership will allow the Bank to continue its work on behalf of Canadians to explore how technology will shape the future of our economy and financial system.”

See: 

 “Toronto is an ideal location for a regional BIS innovation centre,” said Eric Santor, Advisor to the Governor on Digitalization. “The centre will be well-placed to identify key technology trends and contribute to the development of innovative solutions to benefit and enhance the global financial system.”

Notes

  • The BIS announced on June 30, 2020 its expansion of the BIS Innovation Hub to four new locations in Europe and North America.
  • The BIS Innovation Hub was established in 2019 to identify and develop in-depth insights into critical trends in financial technology of relevance to central banks, to explore the development of public goods to enhance the functioning of the global financial system, and to serve as a focal point for a network of central bank experts on innovation.

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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

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

 

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June 23, 2020   FinTech and Alternative Finance, Innovation and Resources, Legal Issues, Regulation, Consultation, Press Releases   No comments

OSC announces leadership of new Office of Economic Growth and Innovation

OSC | Release | June 17, 2020

OSC open doorOSC’s Pat Chaukos to lead the Office; entrepreneur and financial industry veteran Doug Steiner joins the OSC in senior advisory role

TORONTO - The Ontario Securities Commission (OSC) today announced the leadership of its newly-established Office of Economic Growth and Innovation (Office). A central part of the Ontario Government’s five-point capital markets plan, the new office focuses on accelerating innovation, bolstering capital formation and reducing regulatory burden in Ontario’s capital markets.

The Office is led by Pat Chaukos as Director, who will work in collaboration with Doug Steiner, who joins the OSC in the unique role of Executive Advisor, Innovation.

As Director, Pat Chaukos will lead the Office in the development, implementation and maintenance of programs that focus on innovation and economic growth and will ensure that market participants’ input is appropriately considered in all OSC policy making and operational programs.

See:  How regulatory collaboration transformed markets

Pat has both a legal and accounting background, with nearly 20 years of progressively senior regulatory experience, most recently leading the OSC LaunchPad team from its start as a pilot program to its current integral role in supporting Ontario’s innovation community. LaunchPad was the first dedicated team by a securities regulator in Canada to help innovative businesses navigate securities law requirements and accelerate time-to-market.

“I am excited to bring together my regulatory experience and insights from working with the fintech community to further our progress in making regulation more efficient, removing pain points, and supporting Ontario’s economic growth,” Chaukos said.

Doug Steiner joins the OSC in the role of Executive Advisor, Innovation, effective June 22, 2020. Working closely with Pat, the Office and executives across the OSC, Doug will advise the OSC Chair and other senior leaders on opportunities to support innovation in Ontario’s capital markets, and on ways the OSC can use innovative applications and technology in its regulation and operations.

“The basis of change in finance comes from many places, and embracing new approaches is critical to Ontario’s economic competitiveness,” Steiner said. “I couldn’t pass up an opportunity to work with an organization like the OSC where there is both a desire and mandate to champion innovation.”

Doug has an extensive career in Canadian financial services, with a focus on innovation and entrepreneurship. He has started, run and sold several businesses, and been involved in early-stage funding for technology startups and providing advisory services for firms in finance, media and technology. He has extensive experience helping companies develop systems and products to lower the cost of investing and saving. Doug is also a past member of the OSC’s Chairman’s Advisory Board.

See:  Lagging regulation, consumer trust inhibiting FinTech adoption in Canada

The Office will expand the work of OSC LaunchPad through deeper engagement with businesses and support for a strong Ontario innovation ecosystem. It will be accountable for driving the implementation of the initiatives set out in the OSC’s 2019 Reducing Regulatory Burden in Ontario’s Capital Markets report, and for driving other changes to its rules, regulatory operations or processes to reduce burden. In addition, the Office will conduct extensive outreach with the market, innovation hubs, other regulators and government to identify opportunities for the OSC to champion innovation and economic growth.

It will take some time to build the new Office to its full capacity, and in the current circumstances related to the COVID-19 pandemic, the building of the core components of the team will begin once the OSC resumes its normal business operations.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair and efficient capital markets and confidence in the capital markets, and to contribute to the stability of the financial system and the reduction of systemic risk.  Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca

View:  release

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

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

 

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June 16, 2020   Enterprise, Scaleup, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech and Networking Events, Fundraising, Investing, Trading, Innovation and Resources, NCFA Blog, NCFA In The News, NCFA Press Releases, NCFA Supported Events, Press Releases   No comments

Sixth Annual Fintech & Funding Conference —FFCON20— Connects Fintech Community Thru Virtual Interactive Program

NetworkNewsWire | Jonathan Keim | June 16, 2020
FFCON20 banner image1
  • Virtual interactive forum on fintech issues & developments
  • Eight weeks, eight themes
  • Presentations from leading industry figures
  • Connecting entrepreneurs and investors
  • Networking opportunities galore

What could be more apposite than a virtual fintech conference? After all, digital technologies, including those related to finance, are part and parcel of the immense virtual world known as the internet. Without digital tech, it would be impossible for the Internet to even exist — and vice versa. So it should come as no surprise to entrepreneurs, investors and others to discover that this year the annual Fintech & Funding Conference, hosted by the National Crowdfunding & Fintech Association (“NCFA”) in conjunction with the Toronto Finance International (“TFI”), has a virtual interactive agenda. The online event — FFCON20 DIGITAL — will take place every Thursday afternoon at 2 p.m. ET from July 9 through Aug. 27.

See: Vote on your favourite FFCON20 Fintech Draft companies and see them Pitch & Demo July 9 - Aug 27

For each of the eight weeks, the event will focus on a different fintech theme. A global lineup of fintech’s finest will discuss their projects, as well as the latest trends in the space. Attendees will be treated to presentations from a number of notable companies and enjoy ample opportunity to network and engage with peers and presenters.

Since its debut in 2015, FFCON has been providing a platform for pioneers and innovators in the fintech space to share new ideas and insights with each other. The gathering has also developed into an important crucible in the fintech space, catalyzing and facilitating crucial relationships between entrepreneurs and investors. It’s no wonder, then, that FFCON has turned out to be one of Canada’s top tech-networking forums. This year’s FFCON20 DIGITAL is likely to be no different, for the overarching theme of the eight-week event is RISE.

The FFCON series of conference has, year after year, drawn professionals from around the world. Attendees can expect to meet and greet influential figures from diverse fields, including AI, blockchain and crypto, capital markets, digital banking, payments, peer-to-peer finance and wealth management. Participants find themselves in an environment designed to spur growth in the Canadian fintech industry and bring its markets to life.

FFCON event organizers believe that when open-minded and innovative professionals gather together in a convivial environment that fosters discussion and the sharing of ideas, opportunities naturally follow. As such, FFCON offers participants a wealth of opportunity to develop new leads, discover new market channels and forge partnerships around innovation, technology and financing outcomes.

See: Get Your Ticket to FFCON20 DIGITAL before Jun 30 and SAVE 30%

FFCON20 DIGITAL Weekly themes cover a heterogeneous array of industry issues, including the following:

  • July 09: FFCON20 Kickoff | Scaling FinTech Funding, Innovation and Competition
  • July 16: Digital Banking, Open X, Future of PayTech
  • July 23: Sustainable Finance
  • July 30: Leadership and Adaptability
  • August 06: Digital Identity and Convergence Marketplaces
  • August 13: Currency Wars and the Rise of DeFi
  • August 20: AI in FinTech: Biased and in Need of Regulation?
  • August 27: The Biggest Debates in Fintech (Rated X) | Official Close of FFCON20

The stellar lineup of speakers includes Robert Asselin, senior director of public policy at Blackberry; Pat Chaukos, deputy director of OSC LaunchPad; Elisabeth Laett, managing partner of the Xaphan Group; Dan Dickinson, senior vice president and CIO of EQ Bank and Alixe Cormick, president of Venture Law Corporation.

For more information, visit https://fintechandfunding.com.

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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

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

 

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June 16, 2020   Digital Identity, Privacy, KYC, AML/ATF, Enterprise, Scaleup, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech Services, Innovation and Resources, Press Releases, Venture Funding and Building   No comments

Liquid Avatar Integrates with Disrupted Logic Interactive to Reach 60 Million+ Gamers

KABN Sytems North America | Ben Kessler | June 16, 2020

KABN and Disruptive Logic Interactive

Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - June 16, 2020) -  KABN Systems NA Holdings Corp. (CSE:KABN) (formerly Torino Power Solutions Inc.) (the "Company" or "KABN" or "KABN North America"), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization, is pleased to announce that it has entered an initial agreement to integrate its Liquid Avatar platform (www.liquidavatar.com) with Disrupted Logic Interactive's ("DLI") ctalyst® platform to enhance the experience of online and eSports gamers.

Founded in 2012 in Vancouver, BC, by a team of seasoned video, gaming, advertising and technology leaders, DLI's ctalyst® platform currently works with over 130 game producers and has an additional 150 developers awaiting invitation to join the network. ctalyst® is a one-stop, self-contained, and full-service platform similar in concept to Google's AdWords, AdSense, and Analytics, but designed just for video games and e-sports. With the 130 game producers, the peak reach has been 60 to 70 million players and manages over 150 unique data points and analytics on opt-in participants. It is anticipated that when the additional 150 game developers are invited into the program, the reach could extend to over 500 million gamers worldwide.

See:  NCFA Announces Updated Virtual Interactive Programme for FFCON20 DIGITAL, the 6th annual Fintech and Financing Conference

KABN North America's platform provides, at no cost to consumers, the ability to create a digital identity with the Liquid Avatar platform, verify their identity through KABN ID and create value for the use of their identity through KABN North America's cashback, engagement and loyalty program KABN KASH, as well as the KABN Visa card.

KABN North America generates revenue by providing users with high value services and delivering permission-based offers that fit their aggregated public data profiles. KABN never rents, sells or provides data to outside parties without permission, and complies with jurisdictional privacy rules and regulations.

KABN North America is working with DLI and its game developers to promote Liquid Avatar to US and Canadian gamers through the online game registration and certain game incentives.

"The ability to increase player reach outside of the game and the ability to empower users to control the use of their digital identity is a fundamental reason why we've partnered with Liquid Avatar," said Tom Raycove, CEO of DLI. "KABN's ecosystem presents a tremendous opportunity for DLI and our game developers to create revenue while building increased value for players."

Liquid Avatar - Delivering Reach, Value and Revenue

Game Developers - Liquid Avatar provides developers with the ability to extend their reach and revenue generation with players by having gamers activate Liquid Avatars. Any revenues generated by those gamers in the KABN Network will be shared by KABN, DLI and game developers.

Advertisers - For in-game advertisers, DLI manages over 150 unique data points and, together with Liquid Avatar, can assess if a gamer has more than 1 account, allowing unique advertising to be delivered not just based on individual game play of an individual person and not just the number of accounts, increasing both value for the advertiser and potentially increasing overall revenue in the ecosystem.

Gamers - By signing up in-game for a Liquid Avatar account, the user will have the ability to earn special rewards and value from the game developer. They will also have the ability to potentially create and manage in-game avatars with Liquid Avatar and extend their game personas to the real world. Working with DLI, the data points collected can support both the opportunities in Liquid Avatar and products like KABN KASH to create more personalized offers from merchants and increase the potential revenue generated by KABN North America.

See:  A new denim collection gives jeans a digital identity

DLI / catalyst® - The agreement with KABN North America provides opportunities for DLI to increase their ongoing reach with gamers, create value for the ecosystems and generate revenues beyond in-game advertising. Liquid Avatar and KABN will share revenues generated inside the KABN ecosystem for users generated from DLI's referrals.

KABN North America - By working with DLI and other organizations that have large networks of non-verified users, Liquid Avatar can potentially create significant revenue and value for its partners and the KABN Network. This process both increases reach for Liquid Avatar and can potentially reduce customer acquisition costs significantly.

KABN North America Product Suite

KABN North America has 4 primary products that enable users to verify, manage and monetize their digital identity:

  • KABN ID: a reusable, Always On, compliant, biometrically based, identity verification and validation platform that forms the engine of the KABN Network.
  • LIQUID AVATAR: a digital image-based "wallet and keyring" platform that allows users to manage their digital identity.
  • KABN Card: an approved prepaid Visa card that includes a mobile banking wallet that supports both digital and traditional currencies.
  • KABN KASH: a robust loyalty and engagement platform with cashback and card-linked programs.

"This agreement with DLI creates an opportunity to reach a significantly large, low acquisition cost and highly scalable market to increase the reach of Liquid Avatar," said Benjamin Kessler, CEO. "KABN's suite of services will provide an ecosystem to empower these users to manage and control their digital identity and to benefit from unique, permission-based offers that will create revenues for KABN, DLI and game developers."

DLI is currently exploring its own private funding program and KABN North America has expressed interest in participating as a lead order, subject to completion of a definitive agreement, review of the offering, and receipt of all necessary approvals.

Over the coming weeks, KABN will begin its rollout of products and programs, initially on an invitation-only basis to its customers, social media, gaming and its network partners.

About DLI - www.disruptedlogic.com

Founded in 2012 in Vancouver, BC, by a team of industry professionals from gaming, advertising, technology and the motion picture industry, Disrupted Logic Interactive currently has 7 employees. Disrupted Logic has developed the ctalyst® technology which is live and in market.

ctalyst® is a one-stop, self-contained, and full-service platform similar in concept to Google's AdWords, AdSense, and Analytics, but designed just for video games and e-sports. ctalyst® ads are a natural, native, and genuine playable and enjoyable part of the video gaming experience. The ctalyst® engine manages over 150 user datapoints and analytics on an opt-in basis.

The platform has 130 participating game producers and an additional 150 developers awaiting invitations with an audience peak reach of approximately 60 to 70 million people. Disrupted Logic expects that when the additional 150 game developers are invited into the program, the platform's reach to the gaming industry could extend to over 500 million users worldwide.

For more information, please visit: www.disruptedlogic.com

About KABN - www.kabnnaholdco.com

KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from its use of their online identity.

 

View:  source release

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

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

 

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June 11, 2020   FinTech and Alternative Finance, Fintech Services, Innovation and Resources, NCFA Blog, NCFA Press Releases, Press Releases   No comments

Hub & Company Joins NCFA as an Industry Partner

NCFA Canada | June 11, 2020

Hub and Co joins NCFA as an industry partner

TORONTO and WATERLOO, June 11, 2020:  The National Crowdfunding & Fintech Association of Canada (NCFA) is pleased to announce that Hub & Company has  joined NCFA as an industry partner.

NCFA's industry partners are builders, investors and  innovators who have  provided a significant level of service and/or contribution towards the sustainability and  growth  of NCFA and  related fintech  sectors globally. We encourage the fintech  ecosystem to support and  collaborate with NCFA's global  network  of industry  partners by engaging directly with their ventures of mutual interest.

Hub & Company, headquartered in Waterloo, is a venture studio and consultancy that helps you launch, grow or build your organization to attract the next generation of digital natives with integrated, analytical and unique strategies that promote hyper-virality and scale. Our team has extensive experience in growing brands, building products, and fundraising to meet the ever-evolving needs of new markets, platforms and channels.

"Amongst technologists it is clear that the world of digital finance is the future, the trouble lies in creating and communicating financial products that are relevant to consumers.”

               – Olivier Szczepaniak, Managing Partner, Hub & Company

 

"At it's core, Huband.co represent the future of your canvas.  A forward thinking and adaptable venture studio driven by Gen Z innovators and technologists...we're very excited to see where this partnership can go!"

               – Craig Asano, Founder and  CEO, NCFA

 

 

The best place to connect and get more information is at huband.co

hubandco home page

 

NCFA Interview with Olivier Szczepaniak, Managing Partner at Hub & Company

What excites you most about digital assets and decentralized finance?

It seems most of the innovations in the startup ecosystem could be classified as innovations of convenience. They tend to automate workers on the periphery doing menial tasks, digital assets, and decentralized finance can automate away the centre. Instead of putting the taxi drivers out of a job, digital assets and decentralized finance can put Uber out of a job and put the power into the hands of the taxi drivers. I find the potential of creating novel incentive structures most exciting.

 

Where do you see this industry going in 5-10 years?

There has been a tremendous amount of unbundling in the fintech space, everyone is now offering a bunch of different product lines, and around narrow wedges like payday loans and payment financing. I think we’re reaching a point where it will become overwhelming for consumers to keep up with 10 different apps to manage their money. Thus, I think there will be a re-bundling. It may look like something akin to a “super app,” like we see in the Asian market with Grab or Alipay. It could be the return of more robust personal finance management apps. Or it could happen through automation (ex. Tally which consolidates credit card debt). Fintech seems to be maturing and slowly becoming saturated. CAC is going through the roof, and mindshare is getting harder to come by. I believe that this will lead to the rise of embedded finance. Uber, SmileDirectClub, and Shopify are amongst the first to add financial products to their offering. However, flexible payments and insurance are the tip of the iceberg. I foresee brands like Nike or even Fortnite, that have a deep brand loyalty will start to become big players because they have a natural entry point. If more brands start adding fintech as a feature, all these companies will need infrastructure. I expect more investing dollars will go toward these companies that will help them manage compliance, fraud and other building blocks.

The big winners over the next 5-10 years will be companies who embrace the need for a better user experience for the end user, whether that be in international markets or domestically. Digital assets and democratized finance have come a long way, but the industry seems to just be warming up, and at Hub & Co we can’t wait to see where things go.

 

What are the biggest opportunities and challenges with Fintech in Canada and how can industry, government and key stakeholders best lead the way for a sustainable and successful future?

I’m long Canadian talent, short Canadian regulation. Our financial regulation is great for stability but often inhibits startups ability to move quickly. In a global competitive landscape this can be catastrophic. It would be great to see more innovation tracks in our regulatory system.

 

 

# # #

 

About NCFA

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. For more information, please visit: www.ncfacanada.org

About Hub & Company

Founded in 2019, Hub & Company is a venture studio and consultancy that works with companies looking to improve their bottom-lines, public images, corporate strategies, or products. We built our organization on the foundation of partnership and realized that with the collaboration of a large number of successful individuals, students, thought leaders, entrepreneurs and organizational strategists, we could help our clients grow quickly. For more information at Hub & Company, please visit: https://huband.co

 

 

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

 

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June 11, 2020   Blockchain, Crypto, Digital Assets Regulations, FinTech and Alternative Finance, Fintech International, Innovation and Resources, Legal Issues, Regulation, Consultation, Press Releases   No comments

Canadian securities regulators sign fintech co-operation agreement with the Financial Supervisory Commission of Taiwan

CSA | Release | June 11, 2020

CSA imageMontreal - Members of the Canadian Securities Administrators (CSA) have signed a fintech co-operation agreement with the Financial Supervisory Commission of Taiwan (FSC). The members are the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan.

The agreement extends the work of the CSA Regulatory Sandbox Initiative and the FSC FinTech Regulatory Sandbox . Notably, it includes a referral mechanism for innovative businesses, and will enhance and clearly define information-sharing between these jurisdictions.

“Canadian and Taiwanese innovative businesses will now have access to new regulated markets with this agreement between the CSA and the FSC,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Investors and the fintech industry will benefit from our regulatory environments, which combine flexibility with appropriate investor protection measures.”

See:  Cambridge: Global Regulator Survey Results – Regulation of Alternative Finance is Key to Make Sector Safe to Scale for the Masses

“This co-operation agreement between Canada and Taiwan aims to promote financial innovation, enhance supervisory cooperation, and facilitate market access for FinTech businesses on both sides”, said by Dr. Tien-Mu Huang, Chairperson of Taiwan’s Financial Supervisory Commission. “Canada is a well-established financial innovation hub. Taiwan is equipped with abundant technological talents, strong innovation capabilities and mature financial industry. This bilateral agreement is designed to create a mechanism for financial technology cooperation between Canada and Taiwan.”

For certain CSA members, the agreement with the FSC will come into effect once all governmental approvals have been obtained.

About the Canadian Securities Administrators

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. Among other initiatives, it has put in place the CSA Regulatory Sandbox to support fintech businesses seeking to offer innovative products, services and applications in Canada. The sandbox  allows firms to register and/or obtain exemptive relief from securities laws requirements , under a faster and more flexible process than through a standard application, in order to test their products, services and applications throughout the Canadian market on a time-limited basis.

About the Financial Supervisory Commission of Taiwan

The FSC is the sole financial regulator in Taiwan responsible for the soundness of financial markets and institutions offering banking, insurance and capital market services. To facilitate FinTech development, the FSC has put in place the FinTech regulatory sandbox, among other initiatives, in accordance with the “Financial Technology Development and Innovative Experimentation Act”. The sandbox provides a safe environment in which experimenters are exempted from acquiring prior approvals from the FSC and observing related financial regulations within the period of experimentation. The FSC also provides sandbox experimenters with necessary support, such as consultation, regulatory amendments, referral and collaborative networking.

For media queries, please contact :

Canadian Securities Administrators
media@acvm-csa.ca

FinTech Development and Innovation Center
 Financial Supervisory Commission of Taiwan (FSC)
 fintechcenter@fsc.gov.tw   

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

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

 

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June 8, 2020   Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Stablecoins, Metaverse, NFTs, Entrepreneurs, Start-ups, Small Businesses, Equity Crowdfunding, Alternative Funding, FinTech and Alternative Finance, Fintech and Networking Events, Fundraising, Investing, Trading, Innovation and Resources, NCFA Supported Events, Press Releases   No comments

NCFA Announces Updated Virtual Interactive Programme for FFCON20 DIGITAL, the 6th annual Fintech and Financing Conference

NCFA and TFI | Craig Asano | June 8, 2020

FFCON20-Digital-Jul9-Aug27_resize

Multi-day online experience exploring eight different fintech themes spanning July 9 through August 27, 2020

TORONTO — June 8, 2020 — The National Crowdfunding & Fintech Association (NCFA), Toronto Finance International (TFI), and partners are pleased to announce an updated programme and exciting new virtual and interactive format for the annual FFCON conference. Taking place online this year due to the COVID pandemic, FFCON20 DIGITAL will encompass eight themes across weekly sessions taking place from July 9 through August 27 inclusive. Each week a global line-up of fintech leaders will discuss and debate eight of the latest fintech themes and engage in curated networking and pitching challenges every Thursday afternoon from 2 p.m. ET.

Now in its 6th year, FFCON20 will be an online experience bringing together prominent industry experts, entrepreneurs, professionals, regulatory bodies and ecosystem stakeholders in fintech, digital identity, blockchain, crypto, AI, capital markets innovation and alternative finance to discuss innovation and Canada’s ability to compete and scale globally, the latest industry developments and emerging trends, regulation and thought leadership.

“To foster innovation, growth and collaboration in the Fintech sector both in Canada and internationally, we have held the Fintech and Financing conference for six years now. While this year, in light of the pandemic, will be a virtual event, we are incredibly grateful to have retained the valuable support of our partner speakers and sponsors in adapting to this year’s new format,” said Craig Asano, Founder and CEO of the National Crowdfunding & Fintech Association of Canada.

The theme of this year’s conference is ‘RISE’ reflecting the joint efforts of the two associations, NCFA and TFI, to build and increase the success and sustainability of Canada’s fintech and financial sector.

“We have the opportunity to leverage North America’s second-largest financial centre, combined with its third ranked tech cluster, and use this momentum to become a global fintech leader. Collaboration among industry stakeholders is a critical element required to move Toronto into the top tier of international fintech hubs, and we are pleased to be working with NCFA to support and grow the sector’s innovation ecosystem,” Jennifer Reynolds, President & CEO, TFI

The Programme

Tickets include access to all eight weeks of FFCON20 DIGITAL

  • July 09: FFCON20 Kickoff | Scaling FinTech Funding, Innovation & Competition
  • July 16: Digital Banking, Open X, Future of PayTech
  • July 23: Sustainable Finance
  • July 30: Leadership & Adaptability
  • August 06: Digital Identity and Convergence Marketplaces
  • August 13: Currency Wars & The Rise of DeFi
  • August 20: Ai in FinTech: biased and in need of regulation?
  • August 27: The Biggest Debates in Fintech (Rated X) | Official Close of FFCON20

The agenda can be accessed on the programme page.

 

Our Partners and Speakers

Some notable companies involved include: Exponential, KABN NA, Mavennet, The Finanser, EQbank, CACHEFLO, Consilium Crypto, DUCA Impact Lab, Deloitte, FundRazr, Holt Accelerator, Lending Loop, Ledn, Balance, Revolut, Gradient Ventures, LQwD Financial Corp., Bitvo, Poordad Capital Partners, Singularity Media, Northmark Ventures, Luge Capital, Engaiz, Finnovate.io, Senso, FundRazr, Brainfluence, Foxquiilt and Zensurance. The growing list of speakers can be found at the conference speaker page.

 

Registration Now Open

Registration for FFCON20 DIGITAL is open, and an early 30% discount is available until June 30. Tickets can be purchased at https://fintechandfunding.com/tickets/.

 

Useful Links

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Website | Experience | Partners
Registration | Media Pass

 

Connect with us

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About the NCFA
The National Crowdfunding & Fintech Association (NCFA) 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 and cryptocurrency, Regtech, and Insuretech sectors. To learn more about NCFA visit www.ncfacanada.org

About Toronto Finance International
Toronto Finance International (TFI) is a public-private partnership between Canada’s three levels of government, the financial services sector and academia. TFI’s mission is to lead collective action that drives the competitiveness and growth of Toronto’s financial sector and establishes its prominence as a leading international financial centre. For more information, please visit: www.tfi.ca

About FFCON
FFCON20 (2020 Fintech and Financing Conference) is an annual conference hosted by Canada’s National Crowdfunding and Fintech Association (NCFA). Now in its sixth year, FFCON20, held in association with Toronto Finance International, will bring together professionals and innovators in fintech, open banking, digital identity, blockchain, cryptocurrency, AI, capital markets innovation, sustainable and alternative finance. Further information about the conference can be found at www.fintechandfunding.com

 

FFCON20 Contacts

Craig Asano
Founder and CEO, NCFA
casano@ncfacanada.org
(416) 618-0254

Partnership Inquiries
Lauren Linton
Advisor, NCFA
lauren@ncfacanada.org
(416) 569-4349

Media Contact
Michele McDermott-Fox
The Top Floor Public Relations
pr@thetopflooragency.com
(905) 379-1893

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