10
Sep

Are Digital-Natives an Opportunity for Alternative Lending?

What Does a Quiet Shift in Key Demographics Mean for Both Banks and Alternative Lending?   As Canadian banks and financial institutions continue to press forward with ongoing digital strategies, including legacy modernization and cloud migration journeys, an important generational shift has quietly taken place over the past few years: Millennials have overtaken Baby Boomers to become the largest generational demographic

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20
Aug

What Is A Subprime Loan and How Does Subprime Lending Work?

Are Subprime Loans Creating Opportunities during Our Ongoing Housing Boom? Let’s face it. We’re not all billionaires armed with unfathomable amounts of personal wealth, funding our own space exploration programs, and performing summersaults in microgravity as we toss around Skittles to our crewmates. OK, some of us are. But most of us are simply focused on, you know, more earthly

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9
Aug

What Is Peer to Peer Lending?

What’s Peer to Peer Lending? Peer-to-peer lendings is a relatively new model of online lending in the financial services industry, but the idea behind this innovative form of fintech-based financing really isn’t that new at all. When we strip away the modern technology around some of the most successful peer-to-peer lending platforms that have launched in North America—platforms like Prosper
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2
Jun

How Do You Create a Cloud Migration Plan for a Bank?

Why Migrate in the First Place? A Cloud Migration Plan Can Help Banks Set Expectations, Mitigate Risk, and Calm Some Nerves When it comes to the type of change that’s involved with cloud migrations, decision-makers of Canadian banks are a little like overprotective parents. You know the type. They like to hover close by, keep an eye on things, always

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19
May

Cloud Migration | Why Do Banks Need to Move to the Cloud?

Why Cloud Migration in Banking Isn’t Just a Side Conversation Around Digital Transformation Cloud banking has an unquestionable and underestimated potential to completely transform a financial institution. But it feels like we hardly ever talk about it. It hasn’t claimed the spotlight for any prolonged period of time in online tech or finance publications like other fintech topics often do.

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4
May

Cloud Banking | What Is Cloud Banking?

What Is Cloud Banking and Why Are Banks Moving to the Cloud?  What comes to mind when you hear the words cloud banking? Now, depending on your perspective, your initial thoughts might be quite different. As a consumer, it’s hard not to immediately conjure up images of happy people walking around on fluffy, white cotton terrain somewhere in the sky, making

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20
Apr

Auto Lending | Rising Price of Vehicles Creates Demand

There Is Rising Demand in the Canadian Auto Lending Market Despite a worldwide pandemic, rising unemployment rates, and levels of household financial anxiety that many of us have never witnessed before, there’s not only hope for auto lenders—but there appears to be a growing opportunity in Canada’s auto lending market. Next to securing a mortgage and buying a home, it’s

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7
Apr

What Happened to Revolut Canada & Why Is the Neobank Leaving?

What Happened to Revolut in Canada & What Does It Mean for Other Canadian Neobanks?  If you look around online this week, you might still see it: Revolut Is Coming to Canada! Unfortunately, like an empty storefront whose owners left town seemingly overnight without removing the signs from the windows, those words are just the abandoned remnants of the incredibly

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10
Mar

Open Banking Regulations Are Encouraging Competition in FinTech

Open Banking Regulations Are Encouraging Competition & Innovation in Financial Services Whether we’re talking about the amended Payment Services Directive (PDS2) in the European Union, the Consumer Data Right (CDR) in Australia, or consumer-directed finance here in Canada, there’s an underlying trend in the financial services industry that’s gaining momentum beyond geographical borders: Financial regulators are taking calculated steps toward

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19
Feb

What Is the Revised Payment Services Directive (PSD2)?

What Is the Revised Payment Services Directive (PSD2)? The Revised Payment Services Directive (PSD2) is a European electronic payment services regulation intended to make electronic and online payments more secure throughout the European Union. Initially proposed in 2013 and officially taking full effect on September 4, 2019, the PSD2 amendment introduced changes in the European financial landscape that arguably set

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