Expect to see more regulation of consumer borrowing, Transunion predicts.
Many in venture capital preach the gospel of raising equity, saying that a small piece of a large pie is better than a large piece of a small pie. This is often self-serving. Although sometimes raising equity makes sense, entrepreneurs are too often on the side of parting ways with equity too easily, so that isn't the best advice.
The speed with which business communication is evolving can be dizzying. As technology advances, so does the evolution of what started out as a simple face-to-face interaction.
As gift cards become more popular with consumers and merchants, criminals also want a piece of the holiday pie. As criminals get savvier, they are finding new loopholes to exploit, and e-gift cards are increasingly becoming a lucrative way to commit fraud and to launder money.
Thanks to access to capital, technology and talent, the UK has established itself as the leading global Fintech centre, with London at its centre. Canada is also a leading Fintech nation. There is excellent access to capital, technology and talent, from the Toronto-Waterloo corridor in Ontario to Vancouver in British Columbia.
The emergence of fintech brings forth a new set of regulatory challenges as enforcement agencies and governments wrangle with a difficult question: How to create regulations for this new sector to keep the public safe -- without squashing innovation?
When I started my company in 2014, I was excited to build a "fintech" company that used technology and data to reinvent banking for everyday consumers. Since then, fintech has rapidly become a buzzword.