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Is there an economic activity more democratic than comparison shopping? In the lending industry, borrowers have long held the right to vote with their wallets and choose solutions that fit their budge...
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Many in venture capital preach the gospel of raising equity, saying that a small piece of a large pie is better than a large piece of a small pie. This is often self-serving. Although sometimes raising equity makes sense, entrepreneurs are too often on the side of parting ways with equity too easily, so that isn't the best advice.
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The speed with which business communication is evolving can be dizzying. As technology advances, so does the evolution of what started out as a simple face-to-face interaction.
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As gift cards become more popular with consumers and merchants, criminals also want a piece of the holiday pie. As criminals get savvier, they are finding new loopholes to exploit, and e-gift cards are increasingly becoming a lucrative way to commit fraud and to launder money.
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Thanks to access to capital, technology and talent, the UK has established itself as the leading global Fintech centre, with London at its centre. Canada is also a leading Fintech nation. There is excellent access to capital, technology and talent, from the Toronto-Waterloo corridor in Ontario to Vancouver in British Columbia.
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The Canadian fintech marketplace is growing with significant speed. Canadians' adoption of financial technology -- or fintech -- is expected to triple over the next year according to Canadian advisory...
The emergence of fintech brings forth a new set of regulatory challenges as enforcement agencies and governments wrangle with a difficult question: How to create regulations for this new sector to keep the public safe -- without squashing innovation?
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Financial tech is taking a bite out of big banks.
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When I started my company in 2014, I was excited to build a "fintech" company that used technology and data to reinvent banking for everyday consumers. Since then, fintech has rapidly become a buzzword.
There is little question that e-commerce is becoming more ingrained in the shopping habits of Canadian consumers. Yet in spite of the fact that 76 per cent of Canadians shop online, Statistics Canada'...
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It is time that Metro Vancouver bands together to form a regional strategy that collectively concentrates tech into a defined area that can serve as the catalyst for greater overall success for the industry. Toronto's tech community understands its value in being close to the financial centre of the country, and clustering will similarly allow Vancouver to better develop our brand and competitive advantage for the future.
The unsexy truth is, larger companies are better positioned to innovate than start-ups. They have more money, more man-power, a more trusted brand, and most of all, more ways to reach their customers. Out of all bank customers, some are technology enthusiasts who moved entirely to robo advisers as soon as they could.
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Like many other fintech startups, we only replace one or another aspect of banking services, but we obtain capital through private investment, not customer deposits through a chequing account. This fundamental difference is often overlooked in the conversation around regulating fintechs like banks and credit unions.
For several years, BC's tech sector has grown at double the rate of the provincial economy, in spite of the fact that our province lags behind other jurisdictions when it comes to tech exports, jobs, GDP contribution and availability of investment. In other words, the sector is succeeding in spite of a lack of attention from policymakers.