07.10.2021 Views

NCFA Fintech Confidential October 2021 (Issue 4)

The National Crowdfunding & Fintech Association of Canada (NCFA) and partners are excited to present Vol. 1 Issue 4, FINTECH CONFIDENTIAL, a digital pop-up of the 7th annual 2021 Fintech & Financing Conference and Expo (FFCON21) held virtually from May 11-13 and co-hosted by NCFA and Toronto Finance International (TFI). As global economies strive to contain the latest Covid outbreak and recover fragile sectors, fintech innovators continue to ‘BREAK BARRIERS’, the main theme of this year’s conference, and the second year in partnership with TFI, reflecting the growth and emerging challenges that the Canadian Fintech industry must navigate to achieve mass adoption and scale. It’s been another unprecedented year with covid accelerating trends such as bitcoin’s institutionalization, the growing power of retail investors, the 2nd round of Open Banking consultations and the advisory committee’s recommendations to the federal government, payment modernization efforts, adoption of harmonized Crowdfunding regulation, AI roadmap, emergence of digital identity as a ‘right’ and core data infrastructure (ie., vaccine passports), growing support for Purpose (not just shareholder profit), green finance solutions tackling shared global problems such as SDGs and climate change, EDI (equality, diversity and inclusion), and regulatory push back and a firm ‘line in the sand’ for Big Tech. FFCON21 was a successful event attracting over 100+ thought leaders, 75 partners, 500+ attendees, an NFT charity fundraiser in partnership with CanadaHelps for front line workers, and our second annual 2021 Fintech Draft competition -- a pitching event inspired by sports league drafts and designed to identity emerging high growth fintech ventures. A hearty congratulations to the winners: Agryo (Overall) and Copia Wealth Studios (People’s Choice)! Thank you to all the partners, speakers, attendees, volunteers, and the entire organizing team for making ‘Breaking Barriers’ an impactful and amazing online experience and for being part of Canada’s fintech and funding community. We hope you enjoy reading this special edition of Fintech Confidential.

The National Crowdfunding & Fintech Association of Canada (NCFA) and partners are excited to present Vol. 1 Issue 4, FINTECH CONFIDENTIAL, a digital pop-up of the 7th annual 2021 Fintech & Financing Conference and Expo (FFCON21) held virtually from May 11-13 and co-hosted by NCFA and Toronto Finance International (TFI).

As global economies strive to contain the latest Covid outbreak and recover fragile sectors, fintech innovators continue to ‘BREAK BARRIERS’, the main theme of this year’s conference, and the second year in partnership with TFI, reflecting the growth and emerging challenges that the Canadian Fintech industry must navigate to achieve mass adoption and scale.

It’s been another unprecedented year with covid accelerating trends such as bitcoin’s institutionalization, the growing power of retail investors, the 2nd round of Open Banking consultations and the advisory committee’s recommendations to the federal government, payment modernization efforts, adoption of harmonized Crowdfunding regulation, AI roadmap, emergence of digital identity as a ‘right’ and core data infrastructure (ie., vaccine passports), growing support for Purpose (not just shareholder profit), green finance solutions tackling shared global problems such as SDGs and climate change, EDI (equality, diversity and inclusion), and regulatory push back and a firm ‘line in the sand’ for Big Tech.

FFCON21 was a successful event attracting over 100+ thought leaders, 75 partners, 500+ attendees, an NFT charity fundraiser in partnership with CanadaHelps for front line workers, and our second annual 2021 Fintech Draft competition -- a pitching event inspired by sports league drafts and designed to identity emerging high growth fintech ventures. A hearty congratulations to the winners: Agryo (Overall) and Copia Wealth Studios (People’s Choice)!

Thank you to all the partners, speakers, attendees, volunteers, and the entire organizing team for making ‘Breaking Barriers’ an impactful and amazing online experience and for being part of Canada’s fintech and funding community. We hope you enjoy reading this special edition of Fintech Confidential.

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Did you know, society generates 1.145 trillion<br />

megabytes of data every single day? Most<br />

of us don’t crunch numbers for a living, so<br />

organizing data and displaying it intuitively<br />

really matters. With all this data sprawling<br />

the planet, one of the most significant<br />

challenges is using it effectively.<br />

Luckily, we can use artificial intelligence<br />

and machine learning in our investment<br />

portfolios to help us better understand<br />

the data. Yet, this idea can still be very<br />

overwhelming. Where do you start, and<br />

what do you track and measure? How do<br />

you know your data is working for you, and<br />

how does your data compare to your peers?<br />

The good news is that artificial intelligence<br />

and machine learning work together with<br />

big data, making it easier than ever to benefit<br />

from the tech. One area this technology<br />

can be applied is to our own investment<br />

portfolios. After all, we’re all looking for a<br />

more comprehensive understanding of our<br />

strategies and wish we could make much<br />

more confident decisions.<br />

Artificial Intelligence and Better Data<br />

Visualization Are Your Competitive Edge<br />

People have been trying to understand and<br />

exploit data for decades. From Bloomberg<br />

Terminals to Robo-advisors in your pocket,<br />

there’s been an explosion of financial<br />

visualization tools for people of all skill and<br />

knowledge levels. They allow just about<br />

anyone to interpret signals and make<br />

predictions based on their own perspective.<br />

We can leverage those advances in<br />

visualizations and add machine learning<br />

algorithms to make the insights sharper<br />

and more helpful.<br />

Until recently, these algorithms were out<br />

of reach for the average investor. This is<br />

changing rapidly as today, developers build<br />

platforms and services that make deep<br />

learning accessible to everyone. There<br />

are obvious use cases such as interactive<br />

graphs or elegant charts. But from there,<br />

it’s easy to imagine a world where your<br />

portfolio is benchmarked against others in<br />

a similar cohort, allowing you to fine-tune<br />

your strategy.<br />

42

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