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lending

Do you want financial stability or the opportunity to save some cash?
Is there an economic activity more democratic than comparison shopping? In the lending industry, borrowers have long held
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 Canadian fintech marketplace is growing with significant speed. Canadians' adoption of financial technology -- or fintech
The unsexy truth is, larger companies are better positioned to innovate than start-ups. They have more money, more man-power, a more trusted brand, and most of all, more ways to reach their customers. Out of all bank customers, some are technology enthusiasts who moved entirely to robo advisers as soon as they could.
We're looking at roughly 220,000 payday lending customers here in Alberta. Thankfully the NDP government here in Alberta has announced new legislation on payday lending. The government is proposing the lowest payday lending rates in the county while simultaneously fostering better alternatives to help people get short-term credit.
Banks stuck between an oil crash and huge consumer debt.
The Canadian fintech space has never been more exciting. From mobile wallets and online banking, to robo-advisors and peer-to-peer lending; startup after startup, we're finally catching up to what has been business as usual in the States, and while it's taken a little longer to catch on here in Canada, there's little doubt fintech is already having a huge impact on Canadian banking.
Lenders have been using a person's credit report for years to judge their overall creditworthiness and the risk that they might default and become a bad debt. However, financial institutions often use another measure, a bankruptcy score, to refuse a loan application for someone who may otherwise have good credit.
The biggest financing issue that SMEs face is when banks reject their loan; SMEs are not aware they have alternative options. As we head into the homestretch of the Federal Election, I want to send a message to the successful leader that this issue hasn't been talked about yet, but should be part of their consideration moving forward.