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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Using the right wealth management<br />
platform further allows wealth owners and<br />
family offices with complex portfolios to<br />
access these data visualizations and unlock<br />
a complete picture of their overall wealth in<br />
exciting new ways.<br />
Use Case: Fundamental Analysis<br />
AI-powered visualizations can help<br />
investors gain perspective into what‘s going<br />
on with each of their asset classes. Adding<br />
algorithms to the mix can uncover hidden<br />
correlations between those same asset<br />
classes. From there, we can use this data<br />
to suggest which investment opportunities<br />
may outperform others and which positions<br />
we might have to reconsider.<br />
Another example would be using AI to<br />
scan documents such as annual reports,<br />
economic articles, and other financial<br />
datasets to better understand a company‘s<br />
fundamentals.<br />
In other words, AI can lead to a more healthy<br />
asset management strategy.<br />
to assess the risk curve of a particular<br />
investment. It can forecast risk variables<br />
ensuring absolute risk falls within bearable<br />
levels, whatever those might be.<br />
Another great example is assisting with<br />
transaction costs for large purchases. An<br />
AI can find the best prices for breaking up<br />
big trades into smaller chunks. These kinds<br />
of algorithmic traders already exist and<br />
use artificial intelligence (we just call them<br />
Robo-advisors.)<br />
Artificial Intelligence Improves<br />
Accessibility to Data Visualization<br />
These tools can supercharge your<br />
visualizations. Wealth owners can capitalize<br />
on the advancements and availability of<br />
algorithms to find insights in the same way<br />
financial analysts of the past did without the<br />
need to manually calculate outcomes.<br />
We‘re all looking for ways to improve our<br />
portfolio management. It might be time to<br />
ask ourselves if the AI and data visualizations<br />
we use are up to the task.<br />
TRENDING<br />
Use Case: Stronger Portfolio<br />
Understanding<br />
Artificial intelligence can also help us<br />
better predict future outcomes or expected<br />
returns, which can help with optimal asset<br />
weighting. This is like having a magical<br />
crystal ball. We can understand what our<br />
present-day portfolio looks like versus our<br />
dream portfolio with a couple clicks. We<br />
can run and re-run scenarios or ask the AI<br />
to help us know what might happen to our<br />
portfolio based on specific criteria.<br />
Algorithms are also capable of handling<br />
complex optimization problems. For<br />
instance, they can restrict the number of<br />
assets or set minimum holding thresholds.<br />
When you couple these ideas with userfriendly<br />
visualizations, things really start to<br />
get interesting.<br />
Use Case: Risk Management<br />
AI can likewise help us analyze qualitative<br />
data, like news reports or social media,<br />
About:<br />
Michael Sikorsky<br />
CEO<br />
Copia Wealth Studios<br />
Michael Sikorsky (@mjsikorsky) is an EY Entrepreneur of the<br />
Year Winner, Deloitte Fast 500 Recipient, and serial innovator<br />
- he sold his first company to ThoughtWorks at age 28.<br />
His current company, Copia Wealth Studios, is a financial<br />
intelligence platform on a mission to Simplify wealth. He is also<br />
the Chief Investment Officer of his family office, Sky and Ray.<br />
Michael is passionate about education and has guest lectured<br />
at Harvard Business School, Stanford, MIT, Columbia Business<br />
School, and the World Economic Forum.<br />
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