In this weeks, post holiday issue: Jan 8
- There can only be centralized?
- Psychological capital is expensive
- Fintech foundation
- The unaccredited
- $5 mill
- Competition in Canada?
- Plus the gift card Hustle and more.
- FFCON is expanding (stay tuned). Oh and speaker applications are now OPEN
Trends and Stories:
There can only be centralized?: Nik over at Techcrunch gives us his take on what fintech will look like for the 2020s. Spoiler alert, the customer looks like they’ll come out on top.
Psychological capital is expensive: Your must read of the week. Entrepreneurship comes with all kinds of tolls, one of which is psychological. “That overnight success” often has years of punishment and a close call attached to it.
Fintech foundation: Matthew Harris runs though his thesis on payments and lending. The upshot? Insurance, lending and payments will be embedded across many businesses. It’s the The Fourth Platform.
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Policy and Regulation:
The unaccredited: Late last year the SEC proposed changes to the accredited investor rules. The good news is, you might be able to be accredited in the US if you can pass the Series 7 (The US version of the Canadian Securities Course).
$5 mill: That’s the amount that will have one set of rules for crowdfunding in Europe, with individual states supervising the companies themselves. While pending final approval, the proposal is a step in the right direction. Although the lack of red tape seems rather unEuropean.
Competition in Canada? A former Canadian competition bureau commissioner laments the lack of competition in Canada. To say the government doesn’t take competition policy seriously should come as no surprise. The article’s claim that “Canadians like to believe they live in one of the most sophisticated free-market economies in the world” was, in the context of 2019, mildly entertaining.
Case in point: Read Adam Felesky and Andrew Moor's latest opinion piece in the Globe on Why Canada must be open (for business) to Open Banking
Research:
Did you know the SEC even has an Office of the Advocate for Small Business Capital Formation? Well last year they reported Accredited Crowdfunding raised $210 billion in the US. Come on Canada let's step up our game. A ton of great info to be had in full report here.
The gift card Hustle: Ever wondered about the economics of gift cards? Well, here is a pretty good report by the Hustle.
Open Banking USA: An interesting move lead by a private corporation in the USA. Essentially an open banking initiative coming from the bottom up versus the UKs top down approach.
Conduct becoming: Robin Ford walks us through the importance of Principles for Businesses.
FFCON20: RISE
Over the last 6 years FFCON has has blossomed into a multi disciplinary interactive experience. Now, if you want to get your hot little hands on tickets for this premier March 23-24 event, a limited number will be up with the customary early bird price shortly. (Stay tuned)
We will have details on several very interesting initiatives that will be taking place during the event in the coming issues of the NCFA newsletter. Speaker applications now open
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