In this weeks issue:
- Data gold
- Investing sustainability
- Lucidi….TEE?
- Banking in the big leagues
- Q3 trends in crypto and fintech
- NCFA advocacy lights it up
- Some news...last call for Blockchain Certification
- Save the date: FFCON20 March 24 (Toronto)
Market Insights and Trends:
Data gold: During Singapore’s Fintech week, Mr Agustín Carstens, General Manager of the BIS, gave the keynote speech at the 55th SEACEN Governors' Conference. The topic was on the benefits and challenges around policy and data. This speech is insightful and worth a read in its entirety.
Investing sustainability: The rise in ESG (environmental, social and governance) investing has taken a prominent place in investing criteria. The challenge it seems is determining what the standards are for these criteria translating into new rating opportunities for CSR roles. This appears to be an advantage.
Lucidi….TEE?: VISA has been hard at work developing a data aggregation product based around blockchain called LucidiTEE. The focus in the article seems to be on how the current aggregators will lose. But another way of looking at it is, that this could be the solution to open banking everyone is looking for.
Banking in the big leagues: Revolut is the latest Fintech to shy away from bank licensing in Singapore. The banking licence requires substantial paid up capital. Revolut and other fintechs however are doing just fine operating as they are in the market for now.
Crypto trends: Coinshares.co has been hard at work on their crypto trends report. The crypto version of Mary Meeker is an easy read and filled with interesting crypto insights. Your must read of the day.
Q3 Fintech Report: CB Insights has released their Q3 fintech report with funding topping $8.9 billion, a quarterly record when adjusted.
Regulation:
Competitive? Fintech is plodding along in a tough open banking Canadian regulatory environment where the emphasis seems to be on risk mitigation rather than progress and development.Can’t they both coexist?
While more can be done, NCFA is happy that the OSC's burden reduction initiative is moving forward esp for capital markets and fintech innovators. We submitted our recommendations last January and the
OSC is now taking 100 specific actions to reduce the burden on market participants
BCSC alerts: Investor cautions on Astrofx24, public probe on ezBtc
In the News:
Vancity Community Investment Bank to acquire CoPower investment platform
Highline Beta Fund secures $20 milliion led by RBC
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LAST CALL: Begins Nov 28
Osgoode Blockchain Certificate
Save 25% BLOCKCHAIN-19 (case sensitive)