Global fintech and funding innovation ecosystem

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World Bank’s investment arm injects $10 million into FintechOS to help boost financial inclusion

AltFi | Aisling Finn  | Aug 5, 2021

FintechOSThe cash injection was part of FintechOS’ latest Series B funding round, which it announced in April of this year.

The International Finance Corporation (IFC), the asset management and investment advisory arm of the World Bank, has just invested $10m into fintech-as-a-service provider FintechOS.

FintechOS, which was founded in 2017 by Romanian entrepreneurs Teodor Blidarus and Sergiu Negut, helps banks, insurers and other financial services groups roll out products and replace financial infrastructure with no or little code needed.

See:  Davos 2020: Financial inclusion and fintech is key to meeting the UN SDGs

The IFC’s investment will help FintechOS to boost financial inclusion across the globe, improve access to financial services by reaching out to underbanked communities and make banking products more affordable.

With the fresh funding, the IFC will also support FintechOS’ expansion plans by opening up channels of communications with its extensive network of banks and financial institutions.

“Digital financial services are critical to boosting financial inclusion and driving inclusive growth.  While the pandemic has increased the use of these services, it has also highlighted that many financial institutions are struggling to overcome the digital transformation challenges necessary to include the financially excluded.”

said Henrik Bläute, investment officer at the IFC on the reason behind their investment.

The investment will allow FintechOS to bring its low-cost, agile services to the developing world, where the IFC has a sizeable footprint, to help serve underbanked communities across the globe.

See:  Digital Financial Inclusion in the Times of COVID-19

“Today financial technology is too often an inhibitor rather than an enabler of inclusion. Financial institutions both large and small simply don’t have the right tools at the right price point to meet market demands. Powerful emerging technologies like low-code just aren’t being utilised. And this impacts those at the bottom of the pyramid most acutely,” Teodor Blidarus, CEO and co-founder of FintechOS, added.

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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

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3 Ways Fintech Is Changing Homebuying

Guest Post | Aug 9, 2021

Growth in real estate and fintech

Various technological changes had an impact to improve our home building or owning process, for example, metal roofing from londonecometal which provides green and sustainable roofing. From the other technological changes that made housing and the real estate sector easy, Financial Technology is on the top list.  A significant change has taken place in the finance sector that brought lots of innovation and made it simple and easy to access by the consumers. Financial Technology (Fintech) is relatively a new term that seeks to improve and automate the delivery and use of financial services. It helps companies, financial organizations, and better manage their financial activities through computerized software and mobile applications.

Since the inception of this revolution, Fintech has brought a lot of customer-oriented solutions that include education, retail banking, fundraising, non-profit, real estate, and so on. Fintech has changed the way real estate businesses finance, innovate, build, buy, and sell homes. Innovation took place in the mortgage ecosystem, bringing significant efficiency that benefited the customers although a huge gap exists and there is room for improvement in this sector. The Housebuying process of the real estate business includes five phases namely Pre-buying, Buying and Selling, Mortgage Searching, Mortgage Lending, and Post-purchase. In every phase, Fintech has brought innovation to make the process more efficient for all the stakeholders involved in the process.

Find below 3 significant impacts of Fintech on homebuying -

1.  Enhancing Efficiency

It might not be unknown to you that the real estate industry is vast and severely complex which lends itself to frustration very often and there is huge scope to improve the sector especially through the use of technology and the process has already been started. When someone steps down to buy a home for the first time, it comes with a lot of challenges. A survey of homes.com found that almost one-third of the home buyers from 2000 respondents felt nervous when their home buying process took longer than expected and 30 percent of them conceded that they have broken down in tears at some points of this process.

See:  Fintech Real Estate Directory on FintechCanada.io

The sector itself was in need of simplification that drove the effort of business leaders in 2019 to accommodate the expectation of modern homebuyers through some stand-out improvements. Those efforts not only met the buyers’ expectations but made the process much more efficient for all the stakeholders including agents, brokerages, mortgage lenders, and homeowner insurance providers. IBuying is one of the solutions that are now a hot topic in the real estate industry although its market share is still little in terms of the total number of transactions but if the transaction occurs in a place where iBuying works in full swing, you will find it definitely a simpler option.

2.  Making it Easy to Buy Mortgage

Fintech has had a good amount of influence on real estate financing and also for lenders who lend mortgages. The USA itself has seen numbers increase dramatically in terms of the market share for mortgage lenders in the past half a decade. Many loan lending platforms have seen their shares increase a lot since they went fully online. Online mortgage lenders are able to provide their services and facilities to the general audience faster, more efficiently, and accurately while also being able to charge less in comparison with other lenders. Fintech has been said to be way faster compared to traditional mortgage lenders, saving people a lot of time for loan processing as well as refinancing.

Fintech providers are also able to provide interest rates that are less than traditional mortgage lenders mainly because the operational cost is very less. Other than that more and more financial organizations and institutions have decided to accept fintech more these days which has resulted in more people using it mainly due to its reliability and popularity. With an advance in technology with each passing day, fintech providers are getting smarter and better at providing more to their customers with a click of a button.

3.  Addressing the Structural Barrier

The impact of Fintech is not equal in all the phases of the home buying process, so far little progress has been made toward eliminating the structural barrier of this sector for example expanding housing affordability and improving access to credit. It might be because most of the Fintech start-ups are still not mature enough to lead the sector. We believe that the barriers will be eased when these start-ups will turn into mature companies. Initially, some start-ups are trying to make it easier for the less wealthy customers to build credit which can possibly facilitate their qualification for a mortgage. This is really a trend consumers can hope for the best from, but we have yet to get any major innovation that can let more and more people qualify for mortgages.

See:  BuyProperly Raises $2M to Bring Accessible Real Estate Investing to Canada and the US

Mortgage service causes huge costs because of its high-touch, labor-intensive nature which is difficult to automate using technology but recently we are observing new Fintech entrants who are trying to change this hopefully in near future.

It goes without saying that Fintech has brought huge efficiency in home buying process but very little progress took place to ease the structural barriers to homeownership. To expand the benefits of fintech, it’s a must to identify the impediments and resolve them with next-level innovation in this 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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Reg CF Update: Interview with Sherwood Neiss on Investment Crowdfunding

Crowdfund Insider | | Aug 3, 2021

Reg CF was bumped up to $5 millionSherwood Neiss new in March. We quickly saw issuers jump in to raise more than the prior funding cap of $1.07 million. Are you surprised as to how the market reacted to the improved environment?

Woodie Neiss: I’m not.  If you study capital formation like we do and interview issuers you constantly hear of the challenges related to access to capital. This particularly affects women and people of color (POC). In our last report we interviewed issuers that had raised over $1 million and we found that 40% of them were run by women and POCThose that are most negatively impacted have to find alternatives and Reg CF is clearly one of them.

See:  European Government Funds May Get Distributed by European Crowdfunding Platforms

We knew when we created this framework that the $1 million cap was the starting point for the industry. We needed to get everyone comfortable with online capital formation, show them how investors are protected through the system and have data to back it up. We also knew that the $1 million cap was insufficient for many hyper growth startups and small/medium businesses. So when the cap was increased it only made sense that those issuers who needed more capital or those minority entrepreneurs that are shunned by the traditional capital markets would turn to Reg CF as their solution.

What are your expectations for the rest of 2021? Are specific industries using CF more than others? Is it more consumer-focused offerings?

Woodie Neiss: I think we will continue to see more issuers enter the space. I also believe we will start to see our first exits from the industry. With 5 years of successful growth by many early issuers, the time is approaching for us to see some of them get acquired.  Outside of that, we’ve seen a huge explosion in Software Applications, Internet Connection & Information, Agriculture, Manufacturing, Electric Gaming, Specialty Finance, and Recreational Vehicles. I have to be honest, when we went to Washington with the framework for Reg CF I never would have thought there would have been over 450 industries represented in the data.

See:  Doug Ellenoff on US Reg CF Increasing Issuer Caps to $5 million: Investment Crowdfunding Will Challenge Traditional Venture Capital

To see traditional ones like Agriculture, Manufacturing, and Finance be at the top proves that Reg CF wasn’t built for only Main Street but Startups that will change the way we live our lives because I’m seeing companies that may disrupt industries across the board being funded.  I would agree, most of these offerings have products or services that target consumers and will benefit them via market efficiencies (software to increase personal savings), technology advances (better ways to build), and better information (healthcare technology to improve patient outcomes).

Does your data show improving geographic distribution of access to capital? What about underserved markets?

Woodie Neiss: I created a set of data to include Silicon Valley, San Francisco/Marin, Manhattan, Boston, Cambridge, and inner suburbs. According to Bloomberg, these represent the leading areas for Venture Capital deals.  Then I compared this to the overall dataset and this is what I found. 92.4% of all Reg CF offerings took place outside of the dataset.  So obviously, the biggest benefactors of Reg CF are issuers outside of areas where VCs deploy capital. If VCs aren’t going to do it (mainly because they only invest within a 2-hour drive of their office), someone else has to.  Interestingly, the success rate for issuers within Silicon Valley was only 4% greater than those outside. There were 32 cities represented in the Silicon Valley dataset. There were 1,175 represented outside of that. By charting offerings and investments by file date, I can see the amount of capital increasing dramatically in areas outside of the Silicon Valley dataset.

See:  GOOD NEWS: Canadian securities regulators adopt new nationally harmonized start-up crowdfunding rules

And yes, underserved markets are big beneficiaries. We ran a study on the impact of Reg CF in Rep Maxine Waters (CA-D) District. Her district is overwhelmingly underserved in many different aspects. We were able to see how Reg CF is serving entrepreneurs right in her own backyard by highlighting success stories. This is what should be driving policy in Washington, DC, and seeing that the JOBS Act was one of the most bi-partisan pieces of legislation when it passed, it only makes sense to bring further attention to it as a viable source of capital for underserved communities!

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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

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Quantum Computing on a Chip: Brace for the Revolution

Tom's Hardware | Francisco Pires | Jul 16, 2021

Quantum computing chip

The development is being compared to the desktop computing system revolution of the 1960's.

In a moment of triumph that’s being hailed as equivalent to the move from room-scale silicon technology down to desk-sized machines, quantum computing has now gone chip-scale — down from the room-scale contraptions you might have seen elsewhere, including in science fiction.

See:  A Quantum Leap for Financial Services

The development has been spearheaded by Cambridge-based quantum specialist Riverlane’s work with New York and London-based digital quantum company Seeqc. They’re the first to deploy a quantum computing chip that has an integrated operating system for workflow and qubit management (qubits are comparable to classical computing’s transistors, but capable of pairing between themselves, instantly sharing information via quantum states, and also capable of representing both a 0 and a 1). The last time we achieved this level of miniaturization on a computing technology, we started the computing revolution. Now, expectations for a quantum revolution are on the table as well, and the world will have to adapt to the new reality.

The new chip ushers in scalable quantum computing, and the companies hope to scale the design by increasing surface area and qubit count. The aim is to bring qubits up to millions, a far cry from their current deployed maximum of a (comparatively puny, yet still remarkably complex) 76-qubit system that enabled China to claim quantum supremacy. There are, of course, other ways to scale besides increased qubit counts. Deployment of multiple chips in a single self-contained system or through multiple, inter-connectable systems could provide easier paths to quantum coherency. And on that end, a quantum OS is paramount.

See:  The research frontier: where next for AI and collective intelligence?

And this makes sense, since the more than 50 quantum computers already built around the world all operate on independently-developed software. It’s such a nascent field still that there are no standards regarding the deployment and control systems. An easily-deployable, quantum hardware-agnostic OS will undoubtedly accelerate development of applications that take advantage of quantum computing’s strengths, which at the 76 qubit system of China, already enables certain workloads to be crunched millions of times faster than the fastest classical, Turing-type supercomputer could ever hope to achieve.

To achieve this, Riverlane has effectively created a layered Digital Quantum Managament (DQM) SoC (System-On-Chip) that pairs classical computing capabilities with quantum mechanics. The company’s diagrams demonstrate what it calls an SFQ (Single Flux Quantum) co-processor as the base layer of the design, which enables the OS to be exposed to developers with a relatively familiar interface for interaction with the qubits. This offers the capability to “perform digital qubit control, readout and classical data processing functions, as well as being a platform for error correction.”

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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

 

What the heck is SSI? (Self-Sovereign Identity)

Liquid Avatar Technologies | RJ Reiser | Jul 14, 2021

What the heck is SSI

What if I told you we are on the brink of another boom as big as the .com boom, creating a tectonic shift in how we live, how we do everyday activities, and how we interact with the world?  The .com boom changed the game, as nearly every company in the world either created a website and built a new go-to-market strategy, or were put out of business by their competitors who did. I believe we are at the precipice of another shift, but this time, the consumer has the control.  Every big name in the tech industry and financial world is racing to provide the Trust Layer that the internet so desperately needs.  This Trust Layer has developed enough that a group of industry leaders have come together to form an open-source foundation: Trust over IP. The Trust over IP mission is to redefine our internet identities into cryptographically-verifiable digital credentials.  Although there are other projects focused on digital identity, we believe that the open-source foundation will prevail, as only an open-source community could provide could live up to this definition for a Self-sovereign Digital Identity.

Why is this important? What does it entail? It starts with bringing the concept of trust back to our digital interactions. Through verified credentials, people trust that it’s you on the other end and vice versa.Self soverign identity This eliminates the barriers to getting to where you want to go on the internet and streamlines the verification process, forgoing the need for usernames and passwords. Another key element to SSI is the ability to transfer your digital identity across all platforms. The same way your license proves multiple credentials: it verifies you can drive, if you’re old enough to drink, if you’re a citizen, etc., your digital identity carries and extends your credentials, preferences, and values across various platforms and ecosystems. However, taking it a step further, YOU are in control of which of those credentials gets shared on each platform you come across. This not only increases the users’ control and privacy of their information, it allows for higher quality data to be shared. If data works on a permission basis, that shared data is subsequently verified by the users themselves. Ownership of this data also entails the ability to monetize, putting the onus on the users as to whether they want a piece of data to remain private or be sold. It’s a win-win scenario.

An essential ingredient for this upcoming boom is for government entities to get involved, and we’re beginning to see movement towards this phenomenon. On October 21, 2020, Premier Doug Ford and Peter Bethenfalvy announced an action plan to introduce a secure digital identity for Ontarians by the end of 2021. (Link to Article) In the U.S., California is leading the way forward, as citizens voted yes on the Privacy Rights and Enforcement Act Initiative (Prop 24) this past election to expand upon the California Consumer Privacy Act (CCPA), enhancing privacy rights and consumer protection to give citizens greater control of their personal data.

See:  Fintech Fridays EP54: How Digital Identity will Transform Human Potential

The boom is coming and it starts with putting the power in consumers’ hands with a new, secure layer of trust on the internet. Change is in the air and we’re here to keep you up to date so you don’t get left in the dust. You can learn more by following Liquid Avatar Technologies as we develop Liquid Avatar to be the foundation for SSI.  Through our bank-grade verification platform, we will provide a digital credential.  In the near future, we will be introducing networks that will accept this credential.  Liquid Avatar is here to show you the path to SSI and give you control of your identity.

Follow us on Twitter to stay current as the industry develops.

About the author:

RJ Reiser is the Chief Business Development Officer at Liquid Avatar Technologies Inc. (KABN Systems North America Inc.)  Liquid Avatar is focused on leveraging Blockchain and Biometrics to protect Digital Identity in support of consumer protection regulations like GDPR, PIPEDA and CCPA. Mr. Reiser is known as a creative thinker and dynamic executive who brings new ideas to expand business and drive results. He is a self-starter and motivator who leads global teams to work together achieving technical and financial breakthroughs, while building innovative technological advances.

Fintech Confidential issue 3 cover 1 - Three Human-Centric Practices to Become a Better AI Fintech Leader

This article appears in NCFA's digital magazine, Fintech Confidential (Issue 3). Click to read the latest thought leadership, insights and trends about Fintech in Canada:

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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

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NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Introducing ARCx Sapphire (v3)

ARCx | Jun 1, 2021

Arcx

Valuing on-chain identity. No Banks, No KYC, 100% Crypto Native.

ARCx Sapphire (v3) will allow the protocol to issue its DeFi Passport that incentivizes reputation-building and curates on-chain identity int DeFi. The essential elements of this new release are that the:

  • Protocol can assess on-chain activity and history to deliver the first ‘page’ of the DeFi passport as a ‘credit score’
  • The credit score is number (0-1000) that assesses credit risk in DeFi
  • Identities issued quantitatively ‘good’ credit scores will gain access to low-collateral loans and high-yield farms
  • Initial release will begin with a limited number of first edition DeFi Passports
  • Future issuance will be based on demand and will continue in limited batches
  • Performance of the DeFi Passport and credit score will be assessed and iterated to provide even more sophisticated relationships between on-chain activity and identity
  • DeFi Passport will be integrated with more DeFi protocols to provide new functionality and increased value
  • Project roadmap has been financed by a new $1.3M in fundraising round led by Dragonfly Capital, Scalar Capital and Ledger Prime bringing the total amount raised till date to over $8m

Overview

Reputation in DeFi is broken. Entities are encouraged to repeatedly abandon identity in pursuit of maximum risk, short-term reward, and pain to others. Protocols are left to treat every user the same, occasionally giving preferential consideration to wallet size, institutional backing, or restrictive KYC. ARCx Sapphire (v3) reevaluates reputation in crypto through the issuance of a new fundamental form of on-chain identity: the DeFi Passport

See:  Toronto-based DeFi fintech, Ledn, closes 3rd seed round $3.4 million CAD to scale its Bitcoin-backed lending platform

As national passports are valued by entities and used by countries in the political world, the DeFi Passport incentivizes building on-chain identity and creates utility for decentralized protocols. As proof of the value proposition of the DeFi Passport, its first page will be an on-chain Credit Score. This first page incentivizes both individuals and protocols to value the reputation embodied by the DeFi Passport, and this immediately allows for greater risk-adjusted capital efficiency for borrowers and lenders. The Credit Score is just one of many metrics to be included in ARCx’s DeFi Passport, but it proves from the very first implementation that the DeFi Passport will restore value to reputation and identity on-chain.

This first implementation of the DeFi Passport will analyze an Ethereum address’ activity to assign the Credit Score. ARCx can then deliver unique borrowing opportunities consummate with the reputation and identity of that dynamic score in a given DeFi Passport. Specifically, this means the DeFi Passport will allow the ARCx protocol to pseudonymously profile identities in DeFi to enable hyper competitive collateral ratios (for example, 105%). Two of the most unique attributes of the ARCx DeFi Passport is that it (1) lives on-chain such that any protocol may point to it as a useful source of information and (2) embraces highly-valued standards of pseudonymity from an individual or a collective.

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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

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NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Long-term sustainable success relies on business transformation

Raconteur | Oliver Balch | June 1, 2021

lowering carbon footprint leader priorities

Change is again in the air. The world faces multiple pending crises, from an irreversible climate catastrophe and a biodiversity implosion through to growing inequality and a pandemic-crippled economy. The promise of corporate sustainability is as much about securing business advantage as saving the planet, yet neither promise will be realised without systemic change

“Everyone thinks of changing the world, but no one thinks of changing himself / herself,” mused Russian author Leo Tolstoy in 1900.

Future resilience

The promise of sustainable business is twofold. First, is risk mitigation. By reducing their impact on society and the environment, companies can hedge against the negative operational and regulatory costs attached to pending crises.  In a major new report by the council, Vision 2050: Time to Transform, focusing on the need to reform capitalism, Bakker warns that even a single threat like climate change or the loss of nature could wipe out companies’ future “licence to operate”. He adds: “And if there is one thing that we have all learnt from the COVID pandemic, it is how interconnected these challenges are.”

See:  The evolution of ESG: Corporate sustainability leaders in the financial services sector are taking on new responsibilities

The wake-up call that COVID-19 has delivered to business is echoed in recent research. In a survey by software firm Dassault Systèmes, two in three (65 per cent) Dutch and UK business leaders in the life sciences and energy sectors see the pandemic as an opportunity to “reshape” their companies on more sustainable grounds.

Strategy design

Don’t think you can improvise on the hop, she adds: “Making only reactive decisions or chasing trends are unlikely to result in a robust strategy that can optimise performance and impact in the long term.”

Treating sustainability as an optional add-on won’t cut it either. Reducing the subject to emissions, charity or any other single business issue, however important, is a recipe for failure, says Trevor Hutchings, director of strategy at UK professional services firm Gemserv.

With sustainability, it’s all or nothing, he argues:

“Sustainability needs to be hard-wired into the company purpose, strategy and commercial model so it’s treated as an integral part of running a business.”

“The transformation of systems does not take place in silos, it is the result of actions taken across multiple industries and throughout societies.”

See:  Why a shift to Impact Investing will create big winners and big losers

Effective implementation

As personal experience teaches, transforming oneself is no easy task.  Success is only possible with leadership. Hundreds of perfectly conceived sustainability plans currently lie gathering dust on hard drives because employees knew their bosses’ hearts were never really in it.

“One of the biggest challenges leaders face when pursuing sustainable business strategies is authenticity: walking the talk”

says Jen Rice, executive coach and strategist. Leaders first need to ask themselves what values they really stand for and what positive contribution they want to make, she advises. Find this sense of “felt purpose” – Rice calls her business-leader clients “rebels with a cause” – and authenticity will follow.

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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