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What are the three big things driving the world?

 

In this weeks issue:  Dec 11

  • Crypto's college years
  • Banking frenemies
  • Corporate venture capital
  • Three Big things
  • Who's on first?
  • The AI less scaled
  • UK updates P2P rules and Beijing launches a sandbox
  • Announcements from Frontfundr and others…
  • Oh, and did you remember to save the date? It’s March 24, 2020.

 

 

Stories of interest:

 

Crypto's college years: Sometimes looking back tells an interesting story. Like for example that blockchain used to be called a Proof of Work Chain. Take a look at the seminal monthly moments in blockchain and crypto over the last decade.

 

Banking frenemies: The FP loves “disruption”, but all of what they describe in this article is about transformation. Banks have recognized the need to update scleotic systems and take advantage of new technology in house and those offerings developed outside of the bank. 

 

Corporate venture capital: Banks are aggressively adding venture capital to their portfolio suite. Apparently no problem with the Volcker Rule here. 

 

Three Big things: Morgan Housel provides the must read of the week. This article explores big themes driven by events of history. He explores demographics, inequality and access to information as the most Important Forces Shaping the World.

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Research and Regulation:

  

The AI less scaled: McKinsey gives us a look into AI adoption and scaling. The upshot? AI is valuable but not being used to its full potential.


Who's on first?: 
“In most countries, policymakers prioritize competitiveness first, innovation second, and productivity last, if at all. But in modern economies, productivity is typically the most important driver of economic well-being.” Keep that line in mind and consider that the answer to the problem might in fact be putting innovation first.

 

P2P Rules: The FCA in the UK has formalized new rules for Peer to Peer lending as of December 9. The general response from participants is that the rules reflect the existing best practices in the market. But by formalizing these, the government has legitimized the space as a viable asset class.

 

Beijing beavering away: Beijing is developing a series of fintech standards and has announced a regulatory sandbox approach to fintech development.

 

Releases:

  • FrontFundr Further Expands Investor Access to Private Investment Deals
  • NOVACAP officially launches its new financial services fund
  • Portag3 Ventures closes $320 million second fund focused on fintech investment
  • Wealthsimple to spin out advisory service into separate company

 

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Featured Industry Partner of the Week:

Remillard Consulting Group. Building win-win relationships between government and financial services industry firms.
Remillard Consulting Group. Building win-win relationships between government and financial services industry firms.

 

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Have questions or want to get involved?  Fire us an email at: info@ncfacanada.org. 

 

Have an incredible week...NCFA

 

 

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