Global fintech and funding innovation ecosystem

NCFA Canada: Fintech Reports and Research

Welcome to NCFA Canada's comprehensive repository of Fintech Reports and Research!

  • Your must reads and competitive advantage:  As the financial landscape continues to evolve at an unprecedented pace, staying informed on innovation trends, key market developments, and insightful analysis is imperative. Here, we curate an extensive collection of cutting-edge reports and research papers that provide you with expert insights into the fintech world.  Navigate through the complexities of the fintech ecosystem and position yourself at the forefront of innovation and regulatory knowledge. Start exploring now and unlock the potential of fintech through the power of informed decision-making!
  • Dive into the multifaceted aspects of fintech such as: Global rankings, data sharing, the transformative role of digital currencies, and the intricate interplay of regulatory frameworks.Whether you are interested in the role of central banks in the emerging world of digital currencies, or looking to understand the legal perspectives on crypto assets and smart contracts, this resource hub is designed to be your go-to destination.
  • For entrepreneurs and small businesses, there's a wealth of knowledge on capital formation, entrepreneurial incentives, and community empowerment. If you're an executive in the financial sector, gain an edge through our rich content that offers invaluable perspectives on risks and productivity in the financial services sector.
  • Our collection also features pioneering reports from prominent organizations such as Findexable, Protiviti, SEC, BIS, The Clearing House, Innovate Finance, Bank of Canada, and many more. From the latest global fintech indices to in-depth regulatory analyses, from Asia to Canada and beyond, NCFA Canada ensures you have access to the crème de la crème of fintech research.

 

Apr-2024:  The Roadmap to Open Finance in the UK (KPMG & Innovate Finance)

Apr-2024:  AI's Cost to the Workforce Experience (Deloitte Digital and Natter)

Apr-2024:  AI Foundational Models - Update Paper (Competition Markets Authority)

Apr-2024:  Digital Securities Sandbox Consultation Paper (Bank of England and FCA)

Apr-2024:  Buying Ideas:  Procuring Public Sector Innovation in Canada (CCI)

Mar-2024: Can Canada Compute? Policy Options for Canada to Close the AI Gap (DAIS)

Mar-2024:  Connecting Digital Islands:  CBDC Sandbox Project Phase 2 Results (SWIFT)

Mar-2024:  CBDC:  Banking and Anonymity (Bank of Canada)

Mar-2024:  AI and Competition Discussion Paper (Canadian Competition Bureau)

Mar-2024: 2024 Edelman Trust Barometer - Canadian Report (Edelman)

Feb-2024:  Central Bank Digital Currencies and Banking Choices (Bank of Canada)

Feb-2024:  The European Crowdfunding Market Report 2023 (UiA, LenderKit, Crowdspace)

Feb-2024:  The 50:  A Guide to the Canadian Venture Capital Ecosystem (CVCA)

Feb-2024:  Commercial Banking Top Trends for 2024 (Accenture)

Feb-2024:  Customer Data Access and Fintech Entry - Early Evidence from Open Banking (Bank of England)

Feb-2024:  Future Financial Services Regulatory Regime for Crypto Assets (HM Treasury)

Feb-2024:  Big Ideas 2024:  Annual Research Report (Ark Invest)

Jan-2024:  Metaverse:  A Law Enforcement Perspective (Interpol)

Jan-2024:  2022 Methods of Payment Survey Report - Cash Use Over 13 Years (Bank of Canada)

Jan-2024:  SEC Crypto Enforcement:  2023 Update (Cornerstone Research)

Jan-2024:  The Future of Global Fintech:  Towards Resilience and Inclusive Growth (CCAF and WEF)

Jan-2024:  GenAI and The Future of Job (IMF, Staff Discussion Note)

Jan-2024:  Towards a Global Approach to Digital Platform Regulation (Chatham House and Global Partners Digital)

Jan-2024:  Technology Vision 2024:  Human By Design (Accenture)

Jan-2024:  Decentralized Finance (CFTC)

Dec-2023:  Office of the Advocate of Small Business Capital Formation (SEC)

Dec-2023:  Accounting for and Disclosure of Crypto Assets (FASB)

Dec-2023:  Financial Services in a Connected Ecosystem (KMPG)

Dec-2023:  Political Agreement Reached in EU Artificial Intelligence Act (EY)

Dec-2023:  Past Tech Disruptions Can Help Inform the Economic Impact of AI (EY)

Dec-2023:  2024 Global Financial Services Regulatory Outlook Report (EY)

Nov-2023:  The Fintech Effect - Consumer Trend Report (Plaid and Harris Poll)

Nov-2023:  2023 Crypto Assets Survey Results (Ontario Securities Commission)

Nov-2023:  Inside the Competition for Big Money (OliverWyman Forum)

Nov-2023: Pro-Innovation Regulation of Technologies Review (HM Government)

Nov-2023: Open Finance Policy Considerations (OECD)

Oct-2023:  Future Risks of Frontier AI (UK Government Office for Science)

Oct-2023:  Canadian Payment Methods and Trends Report (Payments Canada)

Oct-2023:  Crypto Asset Consultation Results (HM Treasury)

Oct-2023:  Crowdfunding for Terrorism Financing (FATF)

Oct-2023:  Artificial Intelligence in Capital Markets (OSC/EY)

Oct-2023:  A Stocktake on the Digital Euro (ECB)

Oct-2023:  International Journal of Blockchain Law (Global Blockchain Business Council)

Oct-2023:  Payments Unbound (Wired Consulting, JP Morgan)

Sep-2023:  Policy Recommendations for Decentralized Finance (DeFi) Consultation Report (IOSCO)

Sep-2023:  Redefining Financial Inclusion for a Digital Age:  Implications of a CBDC (Bank of Canada)

Sep-2023:  2023 Global Payments Report:  Cusp of Next Payment Era (McKinsey)

Sep-2023:  Non-EU Countries' Crypto Regulations and Impact on EU (European Parliment)

Sep-2023:  The Future of Cross-border Payments (Citi)

Sep-2023:  JOBS of Tomorrow - LLM and Jobs (WEF)

Sep-2023:  Global Payments Report 2023 - Investor Scrutiny Provokes Moment of Truth (BCG)

Sep-2023:  Policy Recommendations for Financial Inclusion and Productivity via Digital Public Infrastructure (G20)

Sep-2023:  Asia-Pacific Strategic Transformation Report 2023 (EY)

Aug-2023: Micropayments & Their Impact on the Payments Ecosystem (ECB)

Aug-2023:  Total Value Locked:  From DeFi to TradFi (GBBC and Provenance Blockchain)

Aug-2023:  Money in the Age of Tech (Barclays Bank)

Aug-2023:  Response to Public Consultation on Proposed Regulatory Approach for Stablecoin-related Activities (MAS)

Aug-2023: Australian CBDC Pilot for Digital Finance Innovation - Project Report (Reserve Bank of Australia)

Aug-2023: Look Forward:  India's Moment (S&P Global)

Aug-2023: Unmet Payment Needs and Central Bank Digital Currencies (Bank of Canada)

Aug-2023: State of Web3 in the United States:  State by State Analysis (Blockchain Coalition)

Jul-2023:  Generative AI:  Hype or Truly Transformative?  (Goldman Sachs)

Jul-2023:  State of SupTech Report 2022 (CCAF)

Jul-2023:  The Crypto Ecosystem:  Key Elements and Risks (BIS)

Jun-2023:  Digital Assets:  Final Report (UK Law Commission)

Jun-2023:  Strategies for Three-sided markets (Citi)

Jun-2023:  The Canadian Consumer Shift:  Embracing Digital Payment Options (CPPO)

Jun-2023:  Blockchain Technology:  Cryptocurrencies and Beyond (House of Commons Canada)

Jun-2023:  Open Banking and Consumer Protection:  Canadian Awareness and Expectations (FCAC)

Jun-2023:  Banking in the digital arena:  are we headed towards the Meta-bank?  (Deloitte)

Jun-2023:  Blockchain Legal and Regulatory Guidance, 3rd Edition (The Law Society / Tech London Advocates)

Jun-2023:  How Consumers are Driving Adoption of U.S. Open Banking Innovation (Visa)

Jun-2023:  Regulating AI in Canada:  A Critical Look at the Proposed AI and Data Act (CBR)

Jun-2023:  Project Aurora - AI and Collaborative Network to Combat Money Laundering/Fraud (BIS)

Jun-2023:  A Matrix for Selecting Responsible AI Frameworks (CSET)

May2023:  Comprehensive Approach to Crypto Regulation (University of Pennsylvania Journal of Business Law)

May-2023: Pathways to the Regulation of Crypto Assets, A Global Approach (WEF)

May-2023: The Role of Banking in Blockchain (OMFIF)

May-2023: Reimagining the Future of Finance (BCG)

Apr-2023:  Crypto Assets and Central Bank Digital Currencies Potential Implications for Developing Countries (UN)

Apr-2023: Anatomy of a Run: The Terra Luna Crash (NBER)

Apr-2023: The Future of Money, Finance, and Banking (Barclays)

Apr-2023: Recommendations for Next Phase of Open Banking in the UK (JROC)

Apr-2023: Money, Tokens, Games (Citi)

Apr-2023: Fintech and the Future of Finance (World Bank Group)

Apr-2023: Canadian Perspective on Responsible AI (OSFI and GRI)

Apr-2023: 2023 State of Crypto (a16zcrypto)

Mar-2023: Updated Assessment of Inherent Risks of Money Laundering and Terrorist Financing in Canada (FinCan)

Mar-2023: Digital Rupee - The Dawn of Revolution in Digital Payments (EY)

Mar-2023: Enabling Instant Cross-Border Payments (BIS)

Feb-2023: The Fragility of DeFi Lending (Bank of Canada Staff Paper)

Feb-2023: Financial Service Sector's Adoption of Cloud Services (US Treasury)

Feb-2023: Australia's Crowdsourced Funding Industry 2022 (Birchal)

Feb-2023: Latam Fintech Regulation, 3rd edition (Lloreda Camacho)

Feb-2023: Bringing Corporate Purpose into Mainstream (David Suzuki Foundation)

Jan-2023: Top Trends in Payments 2023 (Capgemini)

Jan-2023: Digital Euro Stocktake (European Central Bank)

Jan-2023:  AI Governance and Human Rights (Chatham House)

Jan-2023:  2023 Sustainability CxO Survey Report (Deloitte)

Dec-2022:  Crypto and DeFi: Understanding the Risk Landscape (Linklaters)

Dec-2022:  The Winter of Crypto's Discontents (Goldman Sachs)

Dec-2022:  Environmental Impact of Digital Assets (OECD)

Nov-2022: Digital Engagement Practices in Retail Investing (ie Gamification) (OSC)

Nov-2022:  CBDCs in Africa (BIS)

Nov-2022:  2022 Canadian Web3 Landscape (Incubella)

Nov-2022:  The Metaverse in Asia: Strategies for Economic Impact (Deloitte)

Nov-2022:  Institutional DeFi:  The Next Generation of Finance?  (OliverWyman Forum)

Oct-2022:  Institutional Investing 2.0:  Migration to Digital Assets Accelerates (BNY Mellon)

Oct-2022:  Project Aarum: Prototype for tier 2 CBDCs (BIS)

Oct-2022:  Project mBridge:  Connecting Economies through CBDC (BIS)

Oct-2022:  Canadian Payment Methods and Trends Report 2022 (Payments Canada)

Oct-2022:  2023 Banking and Capital Markets Outlook (Deloitte, Centre for Financial Services)

Oct-2022:  Bitcoin Ownership and Use in Canada 2016-2021 (Bank of Canada)

Oct-2022:  The Forces Disrupting Payments (BNY Mellon and Aite-Novarica Group)

Oct-2022:  UK Treasury Committee Inquiry: Crypto Asset Industry (Innovate Finance/Shearman & Sterling)

Sep-2022:  2022 Report on Angel Investing in Canada (NACO)

Sep-2022:  Blockchain for Public Finance (OMFIF / EY)

Sep-2022:  Embedded Finance: What it Takes to Prosper in the New Value Chain (Bain & Co)

Sep-2022:  Policy Objectives for a U.S. CBDC system (White House)

Sep-2022:  Action Plan to Address Illicit Financing of Digital Assets (U.S. Treasury)

Sep-2022:  Crypto-Assets:  Implications for Consumers, Investors, and Businesses (U.S. Treasury)

Sep-2022:  The Future of Money and Payments (U.S. Treasury)

Sep-2022:  Buy Now Pay Later: Market Trends and Consumer Impacts (CFPB)

Sep-2022:  Pulse of Fintech H1'22 (KPMG)

Sep-2022:  National Assessment of Money Laundering Risks: 8 Advanced Countries (World Bank Group)

Sep-2022:  The Money Revolution (IMF)

Aug-2022: Decapitalization: Weak Business Investment Threatens Canadian Prosperity (C.D.Howe)

Aug-2022: DeFi: The New Frontier of Finance - Key Trends Asia-Pacific (Visa)

Aug-2022: Towards the Holy Grail of Cross-border Payments - working paper series (ECB)

Jul-2022:  Market Approach to Regulating Stablecoins, the Future’s Money (CEI)

Jul-2022:  Fintech and COVID-19: Impacts, Challenges, and Policy Priorities for Asia (ADB)

Jul-2022:  Gender Gap in Financial Health - Identifying Barriers and Opportunities (Financial Health Network)

Jul-2022:  Big Tech Interdependencies - A Key Policy Blind Spot (BIS)

Jul-2022:  Crypto-assets and Decentralized Finance through a Financial Stability Lens (Federal Reserve)

Jul-2022:  Fintech Inclusion, Digital Payments, and Resilience in the Age of Covid (World Bank Group)

Jun-2022:  Consumer Payment Attitudes Study: Navigating a New Era in Payments (VISA)

Jun-2022:  Digital Currencies and Energy Consumption (IMF)

Jun-2022:  Targeted Update on Implementation of FATF’s Standards on Virtual Assets and VASPs (FATF)

Jun-2022:  The Future of Monetary System (BIS - Chapter extract)

Jun-2022:  4th Global Crypto Hedge Fund Report (PwC)

Jun-2022:  Value Creation in the Metaverse (McKinsey & Co)

Jun-2022:  The Art of Public Money:  Policy Considerations for CBDCs (Visa)

Jun-2022:  Cryptocurrency Crime and Anti Money Laundering (CipherTrace)

Jun-2022:  Unlocking UK Digital Identity in 2022 (TechUK)

May-2022:  B2B Payments: Last Major Bastion of Paper-based Payments and Processes (Financial Technology Partners)

May-2022:  Fintech and the Future of Finance (The World Bank)

May-2022:  2022 State of Crypto (A16z)

May-2022:  Capital Flow Management Measures in the Digital Age: Challenges of Crypto Assets (IMF)

May-2022:  CBDCs Gaining Momentum: Results of the 2021 BIS Survey (BIS)

May-2022:  DAOs: An Institutional guide to Decentralized Governance (Arca)

May-2022:  e-HKD: A Policy and Design Perspective (HKMA)

Apr-2022:  Where are the Robots? Surprising Declaration of Technology in Canadian Workplaces (Centre for Future Work)

Apr-2022:  An intellectual property box for Canada: Why and How (CD Howe)

Apr-2022:  Meet me in the Metaverse - Technology Vision 2022 (Accenture)

Apr-2022:  Financial Inclusion in the UK: Analysis of Affordable Financial Services in the UK (LexisNexis)

Apr-2022:  Demistifying Crypto Payments 2022 (Checkout.com)

Mar-2022:  Competition Policy in the Digital Age (OECD)

Mar-2022:  Regulatory Technology for the 21st Century (WEF)

Mar-2022:  How Canadians and Small Business Owners Feel about Financial Services (Pollara)

Mar-2022:  Study on New Digital Payment Methods (Commissioned by ECB)

Mar-2022:  Synthetic Data to Support Financial Services Innovation (FCA)

Mar-2022:  Fintech Toolkit for Policy Makers and Regulators (ADB)

Mar-2022:  Financial Inclusion in the UK - by the numbers (LexisNexis)

Mar-2022:  Emerging Growth Trends 2021 (Beauhurst and Deloitte)

Feb-2022:  Smarter Contracts report - practical case studies (LawTech UK)

Feb-2022:  ESG Ratings and ESG Data in Finanial Services - Practioners Viewpoint (IRSG / Accenture)

Feb-2022:  Fintech regulation in the Middle East and North Africa (CCAF)

Feb-2022:  Behind the Scenes of Central Bank Digital Currency (IMF)

Jan-2022:  Opportunities in the Metaverse (JP Morgan)

Jan-2022:  Debating the Right Balance(s) for Privacy Laws in Canada (PPT)

Jan-2022:  Virtual Banking and Beyond (BIS)

Jan-2022:  Financial Markets Regulatory Outlook 2022 (Deloitte UK, EMEA regulatory strategies)

Jan-2022:  Strategic Review of Retail Banking Business Models (FCA)

Jan-2022:  Money and Payments: U.S. Dollar in the Age of Digital Transformation (Federal Reserve)

Jan-2022:  Why Decentralised Finance (DeFi) Matters and the Policy Implications (OECD)

Jan-2022:  ESG related investment fund disclosure guidance (CSA)

Jan-2022:  Blockchain: Legal and Regulatory Guidance (second edition) (UK Law society / Tech London)

Dec-2021:  Contractual Standards for Digital Asset Derivatives (ISDA)

Dec-2021:  Harnessing Digitalization for Sustainable Economic Development: Insights for Asia (ADB)

Dec-2021:  New North Star III: Case for Canada Advanced Research Projects Agency (PPT Forum)

Dec-2021:  Q4 Blockchain market report (Medium)

Dec-2021:  Contractual Standards for Digital Asset Derivatives (ISDA)

Dec-2021:  Rise of Open Banking Consumer Study (Mastercard)

Dec-2021:  CBDCs: Functional scope, pricing and controls (European Central Bank)

Dec-2021:  Digital Asset Revolution - The Rise of DeFi (BRI and Ninepoint)

Nov-2021:  DeFi for the Metaverse (Outlier Ventures)

Nov-2021:  Regulation of Cryptocurrency around the World (Law Library of U.S. Congress)

Nov-2021:  Standards and Digital Transformation (UNIDO)

Nov-2021:  Powering the Future of Regulatory Technology (FSRA of Abu Dhabi Global Market)

Nov-2021:  Bitcoin Adoption and Belief in Canada (Bank of Canada, Staff Paper)

Nov-2021:  White Paper Series: Digital Currency Governance Consortium (WEF)

Nov-2021:  How consumers use savings apps (UK OBIE)

Nov-2021:  Technology and Cyber Risk Management Draft Guidelines (OFSI)

Nov-2021:  International Journal of Blockchain Law (GBBC)

Nov-2021:  Decrypting Crypto (Barclay's Rise)

Nov-2021:  Report on Stablecoins (US President Biden's working committee on Financial Markets - PWG)

Oct-2021:  Decarbonising Crypto (SUMO and Crypto Wallet)

Oct-2021:  Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (FATF)

Oct-2021:  Updated FATF Travel Rule Exlainer (XReg Consulting)

Oct-2021:  G7 Public Policy Principles for Retail Central Bank Digital Currencies (UK Government, HM Treasury)

Oct-2021:  Canada and the Digitalization of Money (Centre for International Governance Innovation)

Oct-2021:  UK Payments landscape review: Response to Consultation (HM Treasury)

Oct-2021:  The 2021 McKinsey Global Payments Report (McKinsey)

Oct-2021:  Non-Fungible Tokens: Redefining Digital Scarcity (Kraken)

Oct-2021:  Business and Finance Outlook 2021: AI in Business and Finance (OECD Library)

Sep-2021:  Central Bank Digital Currencies CBDCs - Executive Summary (BIS)

Sep-2021:  Rising to the challenge of new global realities (Canadian Senate, Prosperity Action Group)

Sep-2021:  Smart path to open finance (Coadec)

Sep-2021:  Energy Footprint of Blockchain Consensus Mechanisms Beyond Proof-of-Work (UCL Centre for Blockchain Technologies)

Sep-2021:  Establishing a Digital Euro (Internet Economy Foundation)

Aug-2021:  Comparison of Open Banking Recommendations (Library of Parliament, Canada)

Aug-2021:  Impact of Fintech on Central Bank Governance (IMF)

Aug-2021:  Global Pulse of Fintech H1'2021 (KPMG)

Aug-2021:  Humans keeping AI in check – emerging regulatory expectations in the financial sector (BIS)

Aug-2021:  Final report - Advisory Committee on Open Banking (Advisory committee to Department of Finance, Canada)

Aug-2021:  Unlocking the value of data: Exploring the role of data intermediaries (Centre for data ethics and innovation)

Jul-2021:  Opportunities and Challenges of new Technologies for AMF/CFT (FATF)

Jul-2021:  Canadian Data Governance Standardization Roadmap (SCC)

Jul-2021:  The changing fintech landscape: A snapshot of M&A themes and trends (Sherman & Sterling, Barclays, S&P Global)

Jul-2021:  Surveying of young people towards capitalism and socialism (Institute Economic Affairs)

Jul-2021:  2nd 12 month Review of the Revised FATF Standards on Virtual Assets and Virtual Asset Service Providers (FATF)

Jul-2021:  Fintech and payments: regulating digital payment services and e-money (FSI)

Jun-2021:  Compendium: Crypto Regulations by Country (Reuters)

Jun-2021:  Smart data working group (Dept of Business, Energy and Industrial Strategy UK)

Jun-2021:  The 2nd Global Alternative Finance Benchmarking Report (CCAF)

Jun-2021:  Task Force on Financial Stability (Brookings Institute)

Jun-2021:  Financial Data: The Consumer Perspective (Financial Health Network)

Jun-2021:  III CBDCs: An Opportunity for the Monetary System (BIS)

Jun-2021:  Financial Data Unbound: The Value of Open Data for Individuals and Institutions (McKinsey & Co)

Jun-2021:  AI in Financial Services (The Alan Turing Institute)

Jun-2021:  Independent Taskforce on Innovation, Growth and Regulatory Reform (UK Government)

Jun-2021:  New Forms of Digital Money - Discussion Paper (Bank of England)

Jun-2021:  Insights Report: Climate Fintech (Rise by Barclays)

Jun-2021:  Decentralized Finance (DeFi) Policy-Maker Toolkit Whitepaper (WEF)

May-2021:  DeFi Beyond the Hype The Emerging World of Decentralized Finance (Wharton)

May-2021:  Canadian Prepaid Ecosystem Highlights (FGS and CPPO)

May-2021:  Financial Services Risk Trends (Allianz)

May-2021:  The Digitalization of Money - Working paper (BIS)

May-2021:  Digital Assets, Distributed Ledger Technology and the Future of Capital Markets (WEF)

Apr-2021:  The State of Competition Policy in Canada: Towards an Agenda of Regulatory Reform in a Digital Era (CMTD)

Apr-2021:  PwC's CBDC Global Index (PwC)

Apr-2021:  Public consultations results on a digital Euro (European Central Bank)

Apr-2021:  Latest UK Legal and Regulatory Trends (Herbert Smith Freehills)

Mar-2021:  Overview of Regulatory Framework for Financial Services Compliance (Gowling WLG)

Mar-2021:  Guide to the Venture Capital Ecosystem (CVCA)

Mar-2021:  Collaborating to Win in Canada's Fintech Ecosystem (Accenture)

Mar-2021:  Big Techs in Finance: Regulatory approaches and Policy Options (BIS, Financial Stability Institute)

Mar-2021:  Branching Off: The outlook for Hong Kong's virtual banks (Quinlan & Associates)

Mar-2021:  Artificial Intelligence Index Report 2021 (Stanford University)

Mar-2021:  Kalifa Review of UK Fintech (Kalifa)

Feb-2021:  Transforming data collection from the UK financial sector: a plan for 2021 and beyond (Bank of England)

Feb-2021:  Power to the People: Independent Report on Competition Policy (John Penrose MP)

Feb-2021:  State of Fair Banking in Canada: Borrower and Lender Perspectives (DUCA Impact Lab and Angus Reid Group)

Feb-2021:  Crypto Yields - Deep Dive on DeFi (Kraken)

Feb-2021:  Fintech Regulation: Achieving a Level Playing Field (BIS)

Feb-2021:  Regulatory Approaches to the Tokenization of Assets (OECD)

Feb-2021:  Pulse of Fintech H2'20 (KPMG)

Jan-2021:  SCC’s Innovation Initiative: Empowering Canadian innovation where it sparks (SCC)

Jan-2021:  CPAs and the New Social Contract: Warrior Accountants? (CPA)

Jan-2021:  Capital Markets Modernization Taskforce (Task Force on behalf of Ontario Government)

Jan-2021:  Navigating Uncertainly in Climate Change (OSFI/BSIF)

Jan-2021:  Canadian Digital Trust Insights 2021 (PwC)

Jan-2021:  UK Regulatory Approach to Cryptoassets and Stablecoins: Call for evidence (HM Treasury)

Jan-2021:  Intro to Responsible Investment for Asset Owners (PRI)

Dec-2020: Digital Banking and Digital ID Dialogue Sessions (Standards Council of Canada)

Dec-2020: Digital Finance and Financial Literacy: An Empirical Investigation of Chinese Households (ADB)

Dec-2020:  Primary on Digital Assets (LabCFTC)

Dec-2020:  Financial Regulation on the Horizon (Linklaters)

Dec-2020:  How Canada Holds It Own in the Global Race for Innovation Talent (Innovation Economy Council)

Dec-2020:  Global Fintech:  Year in Review 2020 (Linklaters)

Dec-2020:  The Global Covid-19 FinTech Market Rapid Assessment Study (CCAF)

Nov-2020:  Inside the Regulatory Sandbox: Effects on Fintech Funding (BIS working paper)

Nov-2020: Understanding GDPR | The role of standards in compliance (Standards Council of Canada)

Nov-2020:  BIS Working paper:  Stablecoins:  Risks, potential and regulation (BIS)

Nov-2020:  Implications of Climate Change for Financial Stability (BIS)

Nov-2020:  China’s Draft Anti-Monopoly Guidelines on Platform Economy (Paul Weiss client memo)

Nov-2020:  State of Industry Report on Mobile Money 2019 (GSMA)

Nov-2020:  The Global Fintech Ecosystem Report 2020 (Startup Genome)

Oct-2020:  Access to Capital for Canadian Growth Orientated, Medium Sized Firms (RCG Group)

Oct-2020:  The Global Covid-19 FinTech Regulatory Rapid Assessment Study (CCAF)

Oct-2020:  Enhancing Cross-border Payments: Stage 3 Roadmap (FSB)

Oct-2020:  Regulation, Supervision, Oversight of 'Global Stablecoin' Arrangements (FSB)

Oct-2020:  Cryptocurrency Enforcement Framework (US Dept Justice, Attorney General's Cyber Digital Taskforce)

Sep-2020:  Does FinTech Substitute for Banks?Evidence from the Paycheck Protection Program (Ohio State University)

Sep-2020:  Guidance: Data Ethics Framework (UK Government)

Sep-2020:  ESG Investing: Practices, Progress and Challenges (OECD)

Sep-2020:  Developing Financial Sector Resilience in a Digital World:  Select Themes in Tech and Related Risks (OFSI)

Sep-2020:  UK Regulatory Initiatives Grid September 2020 (FCA)

Sep-2020:  Regulation Crowdfunding: A Congressional Report Card (CCA and SBE Concil)

Sep-2020:  Blockchain Legal and Regulatory Guidance (The Law Society - UK and Tech London Advocates)

Sep-2020:  Open Banking in Canada - Path to Implementation (CD Howe)

Sep-2020:  Managing Climate Risk in the U.S. Financial System (CFTC)

Sep-2020:  Follow the Money: Money Laundering Techniques that Support Larger Scale Cyber Heists (SWIFT)

Aug-2020:  Data-sharing frameworks in financial services: Discussing open banking regulation for Canada (GRI)

Aug-2020:  People's Money:  Harnessing Digitization to Finance a Sustainable Future (UN Secretary General, SDG Task Force)

Aug-2020:  The Future of Growth Capital (Deloitte and Innovate Finance)

Jul-2020:  Survey Results Fintech and Financial Institutions: Covid Impact, Lockdown, Recession Risks (Norton Rose Fulbright)

Jul-2020:  Towards monitoring Financial Innovation in Central Bank Statistics (Irving Fischer Committee, BIS)

Jul-2020:  How Innovation in Bitcoin's Tech Stack is Creating New Enterprise Use Cases (BRI)

Jul-2020:  UK Fintech: Moving Mountains, Moving Mainstream (EY)

Jul-2020:  Enhancing Cross-border Payments: Building Blocks of a Global Roadmap (BIS)

Jul-2020:  How the Pandemic is Changing the Economy (The Hamilton Project)

Jul-2020:  ON Capital Markets Modernization Task Force - Consultation Report July 2020 (Independent Capital Markets Task force)

Jul-2020:  UK Fintech Focus Report (KPMG in partnership with Google Cloud)

Jun-2020:  Central Banks and Payments in the Digital Era (BIS)

Jun-2020:  Powering the Fintech Revolution: UK Fintechs and New Wave of Financial Services (City of London)

Apr-2020:  Addressing the regulatory, supervisory and oversight challenges raised by “global stablecoin” arrangements  (FSB)

Apr-2020:  New North Star II: A Challenge-Driven Industry Strategy for Canada (Public Policy Forum)

Apr-2020:  Governments, Don't Let Your Startups and Scale-ups Die (Startup Genome)

Apr-2020:  Global Payments 2020: Transformation and Convergence (BYN Mellon)

Apr-2020:  Global Alternative Finance Benchmarking Report (Cambridge Centre for Alternative Finance)

Apr-2020:  The Future of Disruptive and Enabling Financial Technology Post CV-19 (Finch Capital)

Apr-2020:  Covid-19, cash, and the future of payments (BIS)

Mar-2020: Fostering Innovation Through Collaboration: The Evolution of FCA TechSprint Approach (FCA)

Feb-2020:  Review and Analysis of the application of Financial Regulations to Security Tokens (AMF)

Feb-2020:  Blockchain and Tokenized Securities:  The Potential for Green Finance (ADBI)

Feb-2020:  Speech: Money and Payments in the Digital Age (Bank of Canada)

Feb-2020:  Blockchain, Digital Currencies, Cryptocurrencies:  Moving into Mainstream?  (JP Morgan)

Feb-2020:  Fintech sector views (UK FCA)

Feb-2020: Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms (IOSCO)

Feb-2020: Working Paper:  On Fintech and Financial Inclusion (BIS)

Feb-2020:  State of Financial Services Industry 2020 (Oliver Wyman)

Feb-2020:  Regulatory Approaches to Facilitate, Support and Enable Innovation (UK Government)

Jan-2020:  Not Cashless but Less Cash - Economic Justice and the Future of UK Payments (IPPR)

Jan-2020:  Global Bitcoin Markets and Local Regulations (Asian Development Bank)

Jan-2020:  The Rise of Challenger Banks:  Are the Apps Taking Over?  (Jan 2020)

Jan-2020:  Guidance on the application of securities legislation for entities trading crypto assets (CSA Staff Notice 21-327)

Jan-2020:  Cyber Security Body of Knowledge (CyBOK v1.0) (National Cyber Security Centre)

Dec-2019:  The Global Fintech Index and City Ranking Report (Findexable)

Dec-2019:  Office of the Advocate for Small Business Capital Formation:  2019 Annual Report (SEC)

Dec-2019:  Executive Perspectives on Top Risks 2020 (Protiviti)

Dec-2019:  Model data sharing agreement for Financial institutions and third party data providers (The Clearing House)

Dec-2019:  The future of money and the payment system:  What role for central banks?  (BIS)

Nov-2019:  Legal Statement on Crypto Assets and Smart Contracts (Lawtech Delivery panel)

Nov-2019:  Central Bank Digital Currency and Fintech Asia (ADBI)

Nov-2019:  Global Fintech Report Q3 2019 (CB Insights)

Nov-2019:  Crypto Trends Report 2019 (Coinshares)

Oct-2019:  Regulating Fintech for Sustainable Development in the People's Republic of China (ADB working paper)

Oct-2019:  Global Fintech Report 2019 - Crossing the Lines (PwC Global)

Oct-2019:  Regulating Alternative Finance:  Results from a Global Regulator Survey (Cambridge)

Oct-2019:  Productivity and the Financial Services Sector - How to achieve New Heights (CD Howe)

Oct-2019:  Inflection Point:  Seven Transformative Shifts in US Retail Banking (McKinsey & Co)

Sep-2019:  Harnessing Digitalization in Financing of the Sustainable Development Goals (UN Task Force, Digital Financing)

Sep-2019:  The Economics of Cryptocurrencies - Bitcoin and Beyond (Bank of Canada)

Sep-2019:  OECD SME and Entrepreneurship Outlook 2019 (OECD)

Sep-2019:  2nd Global Enterprise Blockchain Benchmarking Study (Cambridge)

Sep-2019:  Unlocking the Potential of Frontier Finance (GIIN)

Aug-2019:  Open Banking Qualitative Research Report (Department of Finance, Canada)

Aug-2019:  Focus Group on Application of Distributed Ledger Technologies (Release v1) (International Telecommunications Union)

Aug-2019:  2019 Fintech Trends to Watch (CB Insights)

Aug-2019:  Q2 Fintech Insights, Financing and M&A (Financial Technology Partners)

Jul-2019:  Guidance on Crypto Assets - Feedback and Final Guidance on CP 19/3 (FCA)

Jul-2019:  Future of Finance - Review on the Outlook for the UK Financial System (Bank of England)

Jul-2019:  The ICO Gold Rush:  It's a Scam, a Bubble, a Super Challenge for Regulators (Harvard International Law Journal)

Jun-2019:  Canada's digital charter in Action (Innovation Science & Economic Development Canada)

Jun-2019:  Regulation Crowdfunding Report to the Commission (SEC)

Jun-2019:  Open Banking:  What it Means for You?  (Senate of Canada)

Jun-2019:  The Regulation of Tokens in Europe (thinkBLOCKtank)

Jun-2019:  Distributed Ledger Technology and Digital Assets (Policy and Regulation Challenges in Asia) (ADB)

Jun-2019:  Global Fintech Adoption Index (EY)

Jun-2019:  Guide for Cryptocurrency Users and Tax Professionals (CRA)

May-2019:  Work underway, Regulatory Approaches and Potential Gaps (FSB)

May-2019:  Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms (IOSCO)

May-2019:  Entrepreneurial Incentives and the Role of Initial Coin Offerings (Staff Paper, Bank of Canada)

May-2019:  Taking Ownership:  Community Empowerment through Crowdfund Investments (Nesta UK)

Apr-2019:  Shifting Paradigms:  4th European Alternative Finance Benchmarking Report (Cambridge)

Apr-2019:  Digital Identity: A Key to Inclusive Growth (McKinsey Global Institute)

Apr-2019:  Global Cryptoasset Regulatory Landscape Study (Cambridge Centre for Alternative Finance)

Apr-2019:  A New North Star:  Canadian Competitiveness in an Intangibles Economy (Public Policy Forum)

Apr-2019:  2019 Global Wealth Management Research Report (EY)

Mar-2019:  A Compendium of Innovation Methods (Nesta UK)

Feb-2019:  2018 State of Regulation Crowdfunding - RegCF Title III (CCA)

Feb-2019  Fintech Trends to Watch in 2019 (CB Insights)

Jan-2019:  Open Banking is Coming...(PwC)

Jan-2019:  Making Regulation a Competitive Advantage (Deloitte)

Jan-2019: A Review into the Merits of Open Banking - Consultation Document (Department of Finance Canada)

Jan-2019:  Guidance on Cryptoassets (FCA)

Jan-2019:  Join Report on Regulatory Sandboxes and Innovation Hubs (European Banking Authority)

Dec-2018:  Reaching New Heights:  the 3rd Alternative Finance Americas Report (Cambridge)

Nov-2018:  The Virtual Currency Regulation Review (Stikeman Elliott)

Nov-2018:  Supporting Fintechs in Engaging Financial Institutions (PAS BSI Standards UK)

Nov-2018: Compliance Trilemma:  Challenges for ICOs (iComply / Mitacs)

Oct-2018:  Beyond North Star Gazing:  4 winning bank models to market evolution (Accenture)

Sep-2018:  Techhology-based innovations for regulatory compliance (RegTech) in the securities industry (Finra)

Aug-2018:  The New Physics of Financial Services – How AI is transforming the financial ecosystem (World Economic Forum)

Aug-2018:  Pulse of Fintech 2018 (KPMG)

Jul-2018:   A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech and Innovation (US Dept of the Treasury)

Jun-2018:  2018 Digital Banking Consumer Survey - Mobile Users Set the Agenda (PwC)

Jun-2018:  Strategic Review of Retail Banking Business Models (FCA)

May-2018:  Why the Cooperative Securities Regulator is Better (IIAC)

May-2018:  Regulatory Burden Undermining Business Competitiveness (Canadian Chamber of Commerce)

May-2018:  Regulating disruption (Mowat Centre)

Apr-2018:  Fintech as a Pathway to Financial Inclusion - the Case of China (World Bank Group)

Apr-2018:  Navigating the New Realities of Global Trade (McKinsey&Company)

Mar-2018:  An overview of Fintech in Canada (Global Risk Institute)

Mar-2018: Digital and Digital Assets:  Federal and State Issues (American Bar Association +)

Feb-2018:  Asean Fintech Census 2018 (EY)

Jan-2018:  Crypto Currency & Blockchain Technology: A Decentralized Future (RBC)

Jan-2018:  State of Regulation Crowdfunding (CCA)

Jan-2018:  Tech Trends 2018 (Deloitte)

Dec-2017:  Advancing the Dialogue on the Future of Financial Services (Competition Bureau)

Dec-2017:  Distributed Ledger Technology – Feedback Statement (FCA)

Nov-2017: Rule of Law Versus Rule of Code: A Blockchain-Driven Legal World (IBA)

Oct-2017:  The Value of Fintech (KPMG commissioned by City of London)

Sep-2017:  The Global FinTech Report: Q3 2017 (CB Insights)

Sep-2017:  FinTech – Did Someone Cancel the Revolution?  (Accenture)

Aug-2017:  The Pulse of FinTech Q2 2017 (KPMG)

Aug-2017:  The economics of distributed ledger technologies in securities settlement (WEF)

Jun-2017:  The Americas:  Alternative Finance Industry Report (CCAF)

Jun-2017:  Realizing the Potential of Blockchain (EY)

May 2017:  Financial Services: Building Blockchain One Block at a Time  (FCA)

Mar-2017:  Blockchain and Financial Inclusion (Chamber of Digital Commerce)

Feb-2017:  The Distributed Ledger Technology Applied to Securities Markets  (ESMA)

Feb-2017:  How blockchain technology could change our lives (European Parliament)

Jan-2017:  Distributed Ledger Technology: Implications of Blockchain for the Securities Industry (FINRA)

Dec-2016:  Alternative Finance Crowdfunding in Canada (NCFA)

Dec-2016:  Blockchain in Financial Services: Regulatory and future challenges for its commercial application  (BBVA)

Nov-2016:  Fintech Disrupters Report:  Innovation, Distributed (ACI World)

Sep-2016:  Distributed ledger technologies: Delivering an industry standard platform through community collaboration (Swift)

Aug-2016:  The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services (WEF)

 

Tags: Fintech, Reports, Research, Innovation Trends, Market Developments, Legal Analysis, Digital Currencies, Crypto Assets, Central Banks, Data Sharing, Regulatory Frameworks, Capital Formation, Financial Services, NCFA Canada.


NCFA Jan 2018 resize - NCFA Canada:  Fintech Reports and Research 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

Latest news - NCFA Canada:  Fintech Reports and ResearchFF Logo 400 v3 - NCFA Canada:  Fintech Reports and Researchcommunity social impact - NCFA Canada:  Fintech Reports and Research

Crypto | April 22, 2024 Worldcoin Unveils Layer-2 Blockchain 'World Chain' Focused on Human-Centric Verification The latest update on Sam Altman's Worldcoin is that the Worldcoin Foundation has announced the launch of World Chain, a permissionless, open-source Ethereum layer 2 blockchain expected to debut in mid-2024. This new blockchain is deeply integrated with the Worldcoin protocol and aims to accelerate the adoption of "World ID." Background Worldcoin's system uses an "Orb" device to scan users' eyes and convert the biometric image into a secure number string. This process verifies an individual as a unique human and grants a World ID, which functions similarly to a digital passport, allowing users to authenticate various applications while confirming their personhood. To date, 10 million people across 167 countries have registered their biometrics with Worldcoin, with their verified wallets conducting 75 million transactions. The technology is primarily aimed at distinguishing real human users from bots and AI, which are prevalent in other blockchain systems and often lead to network congestion and high transaction fees. See:  Verify Your Humanity: Worldcoin’s Iris Scans Unlock the Promise of Free Cryptocurrency Despite this growth, the market response has been mixed. Since late March 2024, the market cap of ...
Image World Chain - NCFA Canada:  Fintech Reports and Research
Privacy | April 22, 2024 Front Line of Digital Privacy Debates:  FISA 702, U.S. Bank Secrecy Act, and IP Addresses The landscape of digital privacy has seen significant legal and ethical transformations, raising critical debates about citizen rights and data security. Below we look at three debates in the that illustrate the ongoing battle for privacy: the U.S. Senate's controversial reauthorization of Section 702 of the Foreign Intelligence Surveillance Act (FISA), the U.S. Bank Secrecy Act's implications, ad the Canadian Supreme Court's landmark decision on IP address privacy. Each debate offers a unique perspective on the challenges and implications of maintaining privacy in a digitalized world. 1. The Reauthorization of FISA’s Section 702 in the U.S. Senate The U.S. Senate's reauthorization of Section 702 of the Foreign Intelligence Surveillance Act (FISA) continues to ignite fierce debates over national security and privacy rights. Section 702 allows the government to collect and analyze foreign communications, often sweeping up information from U.S. citizens without a warrant. Although proponents argue this is critical for national security, critics fear the potential for abuse and the lack of safeguards against unwarranted surveillance. The recent legislative changes, which include a shorter reauthorization period for 2 years and ...
Unsplash Bernard Hermant Privacy - NCFA Canada:  Fintech Reports and Research
Chainlink | Release | April 22, 2024 Chainlink Launches Transporter, Elevating Cross-Chain Crypto Security Chainlink has officially released Transporter, a new application designed to facilitate secure and efficient cross-chain cryptocurrency transactions. Transporter is built on the Chainlink Cross-Chain Interoperability Protocol (CCIP), renowned for its security. The application features an intuitive user interface (UI) that simplifies the process for users, allowing them to perform transactions easily across multiple blockchains including Ethereum, BNB Chain, and Polygon among others. Unlike other platforms that may charge hefty fees, Transporter requires users to only cover the regular fees associated with using CCIP. These include gas costs on the destination chain and fees paid to service providers, making it an affordable option. See:  How Permissioned DeFi Will Transform Global Payments Users of Transporter benefit from real-time tracking of their transactions through a dedicated visual tracker called Chainlink CCIP Exploer. The platform also offers round-the-clock global support to address any user concerns promptly. Notable venture capital firms like Fourth Revolution Capital and Moonrock Capital have already begun using Transporter, signaling strong market confidence in the tool's capabilities and security features. Sergey Nazarov, Co-Founder of Chainlink: "Transporter makes it easier to utilize the security benefits of Chainlink CCIP ...
Chainlink Transporter - NCFA Canada:  Fintech Reports and Research
Crypto | April 21, 2024 Canada to enforce cryptoasset reporting by 2027 to align with global standards and enhance financial transparency The Canadian government declared in the 2024 federal budget its plans to adopt the Crypto-Asset Reporting Framework (CARF), which was approved by the OECD in August 2022. The framework was developed by the OECD at the request of the G20 back in April 2021 and was designed to covers a broad range of digital assets and is designed to close the information gaps that tax authorities face with the increasing use of digital currencies and other crypto-assets in the global economy excluding specific types such as central bank digital currencies (CBDCs). The CARF, supported by 48 countries, outlines strict guidelines for reporting that Canada’s framework will mirror. The framework covers a broad range of digital assets and is designed to close the information gaps that tax authorities face with the increasing use of digital currencies and other crypto-assets in the global economy. See:  UK Leading Charge in Global Crypto Tax Crackdown Regulations are set to take effect in the 2026 calendar year, so all cryptoasset transactions over $50,000 USD will need to be reported to financial authorities, with the ...
Freepik Business women checking finance graphs - NCFA Canada:  Fintech Reports and Research
Taxes and Innovation | April 19, 2024 In the 2024 federal budget, Canada proposed significant changes to the capital gains tax, specifically increasing the inclusion rate to 2/3 for gains exceeding CAD 250,000. This policy shift is poised to have profound implications that have sparked a country wide debate.  The 2024 Canadian federal budget proposed several changes to capital gains taxes that could both support and challenge entrepreneurs, innovators, investors, and Canada's competitiveness and productivity. Capital Gains Tax Changes in the 2024 Budget Increase in Capital Gains Inclusion Rate: The budget increases the capital gains inclusion rate from 1/2 to 2/3 for dispositions after June 24, 2024. For individual taxpayers, this increase applies to the portion of capital gains realized in excess of an annual $250,000 threshold. This could potentially deter investment by increasing the tax burden on larger gains, which might impact investor behavior negatively by reducing the after-tax return on investments. See:  ‘Underwhelming’ financial services sector contributes to lagging productivity: report At the same time, conversely, the budget introduces a new Canadian Entrepreneurs’ Incentive, which offers a reduced inclusion rate of 1/3 for up to $2 million of certain capital gains realized by entrepreneurs on the sale of ...
Freepik rawpixel.com taxes - NCFA Canada:  Fintech Reports and Research
Open Finance | April 19, 2024 Balancing Innovation and Privacy in the UK's Open Finance Evolution As the UK steadily advances towards the implementation of Open Finance, a delicate balance is being sought between pioneering financial services and the imperative protection of individual privacy. Drawing insights from the KPMG report "The Roadmap to Open Finance in the UK," this article examines the transformative potential of extending Open Banking principles to a wider financial landscape. While Open Finance promises to enhance accessibility and efficiency across financial services, concerns about privacy and increased surveillance present significant challenges. How Open Finance Differs from Open Banking Open Finance refers to the extension of Open Banking data-sharing principles to a wider range of financial products beyond just banking, such as investments, pensions, and insurance. It allows third-party providers to access financial data across different sectors, provided they have the consumer’s consent. This broader scope aims to create a more integrated, transparent financial services environment where consumers have better control over their financial data and can benefit from personalized financial products. See:  BoE Report: Open Banking Boosts Productivity, Competition While Open Banking focuses primarily on banking data, allowing third-party applications to access bank account information to ...
Innovate Finance and KPMG Roadmap to Open Finance in the UK - NCFA Canada:  Fintech Reports and Research
April 19, 2024 Sorting and organizing make daily routines easy for everyone. Instead of piling on clothes, when we arrange our wardrobe, we don’t get late because of missing socks or a favorite tee. Similarly, in a business place, sales are affected drastically by category management procurement. Things can go haywire if there is no proper and easy way of sorting, and categorizing the stuff that one sells. It will be difficult to search for the consumer through a haphazardly spread online website or store that does not give importance to the naming, tagging, and positioning of the goods. In the past, smaller businesses might have managed okay without an automated service that looks into category and inventory management. But today's businesses are like huge supermarkets. Category management is like organizing those supermarkets, putting things in aisles that make sense together. It helps them find things faster, negotiate better deals with suppliers, save money, and serve customers better. That's why it's become a bigger deal now. Procurement is a function that helps run the supply chain of any organization. Researching markets and finding genuine suppliers who fulfill orders on time and give good pricing and discounts is the first step ...
Procurement - NCFA Canada:  Fintech Reports and Research
Consumer-Driven Banking | April 17, 2024 2024 Budget Announces Next Steps on Canada's Consumer-Driven Banking Framework But Lacks Clarity on Launch Date The 2024 federal budget announcement of Canada's Consumer-Driven Banking Framework takes another step towards implementing a 'made in Canada' Open Banking regime with a strong emphasis on security and consumer rights. Although the framework lacks a definitive launch date that adds a shadow of uncertainty over its practical rollout. This lack of clarity raises questions about the capacity to keep up with global digital finance initiatives with the aim of delivering timely benefits to Canadian consumers and businesses. See:  Canada’s Open Banking Framework 2024 Preview Key Announcements The key announcements made in Canada's 2024 Consumer-Driven Banking Framework as outlined in the federal budget document include several important elements aimed at establishing and guiding the implementation of open banking in Canada: Legislative Timeline --> The government plans to introduce two key pieces of legislation, one in the spring and another in the fall of 2024, to lay down the regulatory and operational groundwork for open banking. Financial Consumer Agency of Canada (FCAC) Oversight --> The FCAC has been designated as the primary regulatory body for overseeing the open banking ...
Freepik Budget - NCFA Canada:  Fintech Reports and Research
Open Banking | April 16, 2024 Will Canada's Open Banking Framework be tabled in the 2024 federal budget as promised? As Canada stands on the cusp of adopting open banking, the financial sector and consumers alike await the specifics of the framework that will dictate the future of banking in the country. The answers to these questions will not only shape the regulatory landscape but also determine how effectively Canada can leverage technological advancements to foster a more inclusive and competitive financial environment. What Questions Will Be Answered? How stringent or flexible will the accreditation criteria be for entities that wish to participate in open banking? There's a balance to be struck between protecting consumers and not excluding a broad range of market participants. What measures will the government implement to ensure the security and privacy of consumer financial data? Comparisons may be drawn with other countries like Australia, which uses strong encryption and security standards. What technical standards will be adopted? Will Canada align with international standards to ensure global interoperability? What mechanisms will be in place to monitor and enforce compliance with the open banking rules? This includes who will oversee these rules and how they will do ...
Freepik vecstock Canadian flag - NCFA Canada:  Fintech Reports and Research
Survey | April 15, 2025 The Dichotomy of AI in the Workplace and Strategies to Manage it's Impact According to a recent Deloitte Digital and Natter report called "AI can cut costs but at what cost to the workforce experience", while AI promises substantial improvements in efficiency and productivity, it also raises significant concerns regarding job displacement, privacy, and the dilution of human interaction. This article delves into the cost-benefit analysis of AI in professional settings, guided by insights from Deloitte's comprehensive survey, and discusses effective strategies to manage its impact on the workforce. The report outlines a nuanced debate on the workforce implications of AI across four key areas, each representing a tension between potential benefits and risks: 1. Efficiency vs. Inclusivity AI can significantly enhance efficiency by automating routine tasks, which can reduce the time and effort employees spend on mundane activities, potentially freeing them up for more complex and rewarding tasks.  69% of 1:1 Natter conversations cited improved efficiency in routine tasks as the top hope for AI in the workplace. See:  When Tech and Humanity Clash: AI Dilemma at SXSW There is a concern that the focus on efficiency might overlook the need for inclusivity. The ...
Deloitte digital and natter AI costs to the workforce experience - NCFA Canada:  Fintech Reports and Research