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NCFA Jan 2018 resize - Learn About Fintech and Funding in CanadaThe National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org

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The Telegraph | Simon Foy | Sep 17, 2021 The competition regulator is probing a slew of allegations of bullying, sexism and intimidation against the head of the unit it set up to deliver a tech revolution in Britain’s banking sector. Directors at the Competition and Markets Authority are examining an independent inquiry into claims against Imran Gulamhuseinwala, the trustee of the Open Banking Implementation Entity (OBIE). The initiative, championed by George Osborne, chancellor at the time, was established with industry funding in 2016 to boost innovation and fintech start-ups by encouraging big banks to share customer information. Now as many as 49 witnesses have alleged that a culture of bullying, intimidation and sexism exists at the OBIE. They cited incidents where Mr Gulamhuseinwala and other managers allegedly swore and shouted at colleagues. Andrea Coscelli, chief executive of the CMA, is leading an emergency board committee alongside non-executive Jonathan Scott, a former senior partner at the City law firm Herbert Smith Freehills. They have been tasked with deciding the “appropriate action to take”, according to documents seen by The Sunday Telegraph. Read:  Emotionally Intelligent Minds Know How to Bridge the Perspective Gap It comes after the regulator last year hired ...
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Irman Gulamhuseinwala OBIE - Learn About Fintech and Funding in Canada
Inc. | Justin Bariso | Sep 17, 2021 How can you negotiate effectively, persuade, and influence others? By connecting them to your feelings. What's the perspective gap? The perspective gap (also known as an empathy gap) is a common occurrence in which one dramatically underestimates the effects of a psychologically or physically intense situation. See:  Manager and machine: The new leadership equation Usually, we think we understand a certain set of circumstances--even if we've never experienced them--but we really have no idea. Other times, we've actually experienced something similar to what another person is describing, but the way we remember handling the situation is much better than we actually did. The perspective gap explains why physicians consistently miss the mark when attempting to estimate their patients' level of pain, or why we find it so challenging to put ourselves in the shoes of a colleague, or even a family member. Here are two lessons: Don't be like Ford.  There are likely people at work right now who are trying hard to get you to understand the problems they're facing. They're trying to get your support. It's easy to dismiss those people with expressions like: Toughen up. It's not that big of ...
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emotional intelligence low vs high - Learn About Fintech and Funding in Canada
OSC | Aug 25, 2021 (last updated Sep 16) The OSC is hosting a virtual roundtable to discuss whether, and how, the disclosure needs of Canadian investors, and corporate governance practices among public companies have evolved.  Panelists will speak about the benefits, challenges and experiences associated with the consideration of broader diversity on boards and in executive officer positions, with a specific focus on diversity data, targets and term limits. The panelists include representatives of issuers, investors and advocacy groups, as well as governance experts. Event Details Oct 13, 2021 10:00 am  - 11:30 am Virtual Event (Webinar) The roundtable is open to the public; register and receive a link to watch the webinar The Ontario Securities Commission (OSC) will host a virtual roundtable on Wednesday, October 13 from 10:00 a.m. - 11:30 a.m. ET to discuss broader diversity (beyond gender) on boards and in executive officer positions, with a specific focus on targets, term limits and diversity data. The OSC has convened an expert panel to explore the benefits, challenges and experiences associated with the consideration of broader diversity, as well as evolving corporate governance practices and disclosure needs of Canadian investors. The roundtable panellists are: Rahul Bhardwaj, ICD.D, President ...
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Diversity in finance - Learn About Fintech and Funding in Canada
Guest Post | Sep 16, 2021 A construction loan is a kind of short-term financing provided by a bank that is used to finance the purchase of a new house or other real estate projects. A conventional mortgage, also known as a permanent loan, can assist you in purchasing an existing home. A construction loan, on the other hand, may be useful if you need to build a new home from the ground up, particularly if you also need to buy the raw land. Check out pomwaterproofing.ca for more information on construction loans.  How Do Home Improvement Loans Work? If you are thinking of constructing a house, you are probably thinking about a piece of land or a newly built community. As a result, most construction loans cover both the cost of the land and the cost of the building. Because of this additional complexity, building loans need greater lender participation than conventional house loans. Lenders will want to examine your construction plans, including an anticipated timeline and budget. These strategies will assist you in determining how much money you need for the loan. Once you have obtained a loan, the lender will pay the builder at regular intervals following ...
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how do construction loans work - Learn About Fintech and Funding in Canada
MaRS | Molly Shoichet  | Sep 8, 2021 Health innovation has been the story of COVID, but economist Mariana Mazzucato says we’re still not doing it right. We need to redesign procurement, rethink old narratives and reassess the value of public investment. Mariana Mazzucato is one of the world’s most influential economists — professor at University College London, founder of the Institute for Innovation and Public Purpose and author of books rejecting business’s monopoly on risk-taking and value creation. Molly Shoichet: The COVID economy has had an outsized impact on women and racialized communities. What is the connection between public health and a healthy economy? Mariana Mazzucato: We hear it’s important to invest in health, it’s good for the economy. But in my work as chair of the World Health Organization’s Council on the Economics of Health for All, we want to determine the actual goal we’re trying to achieve. COVID-19 has woken us up to the fact that we don’t have health for everybody. It’s not enough to have a vaccine if not everyone has access to it. So, if our ambition is health for all, how do we set up our economy? Outcomes-oriented budgeting? Procurement processes and budgets? ...
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Mariana Mazzucato - Learn About Fintech and Funding in Canada
Business Insider | Harry Robertson  | Sep 14, 2021 Securities and Exchange Commission boss Gary Gensler has said crypto exchanges need to "come in and talk" to the markets regulator, just days after clashing with trading platform Coinbase over one of its products. Gensler will appear before the Senate banking committee on Tuesday and used his prepared remarks to increase the pressure on crypto exchanges, which he has previously said he would like to regulate more closely. See:  Coinbase Threat Shows SEC Means Business The SEC boss said exchanges need to register with the Commission, because some of their tokens or products may be securities. That's unlike bitcoin, which regulators think is more like a commodity. Gensler said: "I've suggested that platforms and projects come in and talk to us. Many platforms have dozens or hundreds of tokens on them.  While each token's legal status depends on its own facts and circumstances, the probability is quite remote that, with 50, 100, or 1,000 tokens, any given platform has zero securities.  Make no mistake: To the extent that there are securities on these trading platforms, under our laws, they have to register with the Commission unless they qualify for an exemption." ...
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Gary Gensler aspen security forum - Learn About Fintech and Funding in Canada
Internet Economy Foundation | Clark Parsons | Sep 8, 2021 New Study Highlights the Key Design Choices Facing the European Central Bank and Makes Recommendations for Building an Innovation-Compatible Digital Euro Berlin, 08. Sept., 2021 – If money is now completely programmable, how should a digital Euro be established? This is the question addressed by Establishing a Digital Euro – How to Ensure Financial Sovereignty in the Digital Realm, a new joint study published by the Internet Economy Foundation, Lakestar, Chainlink and iconomy. Read:  JP Morgan warns CBDC could mean banks lose 20-30% of funding In the wake of the European Central Bank’s announcement in July 2021 that it will begin the process of developing a digital Euro, this new study explains the key design decisions that lie ahead and how each of them can potentially affect the longstanding structures of the monetary and financial systems. It also recommends important guidelines for the ECB to ensure that a digital Euro addresses Europe’s current weakness in global financial services and strengthens Europe’s booming ecosystem of innovation in FinTech, Decentralized Finance (DeFi) and emerging sectors. The policy recommendations are: ● Create the Digital Euro with a focus on European Financial Sovereignty. ● ...
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Establishing a digital euro report - Learn About Fintech and Funding in Canada
Pioneers Post | Tove Ahlström and Sofia Breitholtz  | Aug 26, 2021 It could take an astonishing 200 years to close the global gender gap, if we continue on our current path. Yet the evidence is clear: backing female-led businesses is a ticket to prosperity for everyone. As the world seeks solutions for post-pandemic recovery, it’s time for investors to put their money where their mouths are. A disheartening 3% of global venture capital went to female founders in 2019, and the figures for women from minority groups are even more dismaying, a 2020 report by Crunchbase shows. During the Covid-19 pandemic, the outlook worsened still, with venture funding to female-founded enterprises plummeting % worldwide. See:  Women In Fintech Will Play A Crucial Part In The Covid-19 Recovery Plan Global challenges, like the Covid-19 pandemic or the climate crisis, have more direct consequences for vulnerable groups in society, who are already subject to uneven distribution of resources, oppression and marginalisation. As the world turns to solutions and strategies for recovery in a post-pandemic reality, investors and politicians need to put their money where their mouths are – and they might benefit, too. Everyone’s ticket to prosperity Women are powerful catalysts for development. Data ...
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case for investing in women is clear - Learn About Fintech and Funding in Canada
On the Brink Podcast | Aug 2, 2021 George Selgin, director of the Center of Monetary Alternatives at the Cato Institute joins the show to discuss Bitcoin, Free Banking, and stablecoins. In this episode: Why George refers to Bitcoin as a synthetic commodity money Why George was excited by the possibility for synthetic commodity money What conditions would have to hold for Bitcoin to be considered money Why money is a spectrum rather than binary Are stablecoins prone to bank runs? Is Tether’s melange of underlying collateral sufficient? How should stablecoins be regulated? Why are regulators looking into stablecoins today? See:  FCA Chair Charles Randall Discusses Crypto, Stablecoins and Digital Asset Regulation More regulation coming: SEC Chairman signals stablecoins and other tokens could fall under its rules on security-based swaps Minister Freeland releases final report with 34 recommendations on Open Banking from the Advisory committee Comparing stablecoins to Money Market Mutual Funds Why money market funds broke the buck in 08 Are stablecoins as systemic as money market funds? George’s objections to Gorton and Zhang’s paper on free banking and stablecoins George’s definition of free banking Was the 1830s-60s period in the U.S. a period of genuine free banking? The ...
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on the brink podcast George Selgin on stablecoins bitcoin and free banking - Learn About Fintech and Funding in Canada
Innovate Finance | Rolf Merchant | Sep 7, 2021 Data is a hugely valuable currency in the financial services world. In sufficient quantities and with the knowhow to analyse and interpret it, data provides a tremendous amount of knowledge for financial services companies. The old tenet “knowledge is power” could justifiably be updated to “data is power” for 21st century finance. What is Smart Data?  Smart Data is the secure sharing of customer data with authorised third-party providers upon the customer’s request. These providers then use this data to provide innovative services for the consumer or business user, such as automatic switching or better account management. Data sharing could unlock a huge number of benefits for consumers and businesses alike. Read:  Kalifa review of UK Fintech report We might see the creation of an entire “data economy”, where consumers are more informed and empowered because of the data they can access, and where businesses can make use of shared data to create and improve products and services that target real needs and desires. This is why FinTech companies are so interested in the Smart Data initiative. Next steps for Smart Data We were particularly interested to read the report in ...
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SMART DATA - Learn About Fintech and Funding in Canada