Float’s Post

Interesting session today at the University of Toronto - Rotman School of Management that offers food for thought for anyone who uses banking services, i.e., almost everybody.   The Future of Banking: Next Stages of Financial Innovation in Canada considered an initiative with implications for Canadian financial consumers: “open banking.” Outside financial and regulatory circles, it may not resonate. But it is being embraced elsewhere (e.g., the U.K., Australia), and Canada’s government is assessing its “safe introduction” here.   In a nutshell, open banking (consumer-directed banking, consumer-led banking) is intended to “give you greater control over your financial data” and “increase consumer choice and improve financial outcomes for Canadians.” (For more, including the role of financial technology/fintech, see the Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada synopsis: https://lnkd.in/g9bkXVuP.)   Open banking remains an elusive “work in progress.” But enterprises whose business models could be affected should include it in their SWOT and PEST analyses and monitor developments. The impetus for adoption has support.   #financialservices #fintech #banking #money #regulations #innovation #technology #businessstrategy #consumers #business #Canada Global Risk Institute Tania Babina Hanna Zaidi Andreas Park Payal Raina 

Interesting session today at the University of Toronto - Rotman School of Management that offers food for thought for anyone who uses banking services, i.e., almost everybody.   The Future of Banking: Next Stages of Financial Innovation in Canada considered an initiative with implications for Canadian financial consumers: “open banking.” Outside financial and regulatory circles, it may not resonate. But it is being embraced elsewhere (e.g., the U.K., Australia), and Canada’s government is assessing its “safe introduction” here.   In a nutshell, open banking (consumer-directed banking, consumer-led banking) is intended to “give you greater control over your financial data” and “increase consumer choice and improve financial outcomes for Canadians.” (For more, including the role of financial technology/fintech, see the Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada synopsis: https://lnkd.in/g6X-vpuX.)   Open banking remains an elusive “work in progress.” But enterprises whose business models could be affected should include it in their SWOT and PEST analyses and monitor developments. The impetus for adoption has support.   #financialservices #fintech #banking #money #regulations #innovation #technology #businessstrategy #consumers #business #Canada

In an era where traditional banking often falls short of meeting the dynamic needs of modern businesses, alternative financing solutions have emerged as crucial lifelines. Bank of Canada Governor Tiff Macklem recently emphasized the need for continued ingenuity in the Canadian economy, particularly in boosting productivity without the pressure of an economic crisis. Read more, as this presents an opportunity for businesses to reevaluate their financial strategies with the help of firms like CORFinancial. 🔗 Read More: https://bit.ly/3VxrAXf #CORFinancial #WorkingCapitalFinancing #BusinessGrowth #CashFlowManagement #FinancialSupport #BusinessFunding #OperationalExpenses #DebtManagement #OfficeImprovements #BusinessEquipment #FinancialSolutions #EmpowerYourBusiness

Elevate your financial acumen with these essential tips on Interest Rates: 🔹 Grasp the Fundamentals: Understanding how interest rates affect savings, loans, and investments is crucial for making informed decisions. 🔹 Monitor Economic Indicators: Keep an eye on central bank announcements and economic trends that influence interest rates. 🔹 Diversify Investments: Spread your investments across various assets to mitigate risks associated with fluctuating interest rates. 🔹 Loan Smart: When interest rates are low, consider locking in rates for long-term loans. Conversely, be cautious with borrowing when rates are high. 🔹 Refinance Opportunities: Regularly evaluate your existing loans for refinancing possibilities to take advantage of favorable interest rates. Master the impact of interest rates to optimize your financial strategies. Brands and Business Magazine is a Singapore-based publication that aims to spread financial literacy and global business intelligence in today’s financially and economically-versed world. Save this for the future and follow us for daily updates 👍 #brandsandbusinessmagazine #business #ROI #businessterminologies #BusinessTips #Tips #Businessgrowth #FinancialSuccess #Entrepreneurship101

Get ready to dive into the exhilarating second wave of groundbreaking reports from 🇨🇦 Canada's top banks and challengers! Our team of analysts is on fire 🔥, meticulously dissecting every aspect of the following institutions: 👇 ✅ CIBC ✅ Simplii Financial ✅ Desjardins ✅ BMO ✅ Wealthsimple ✅ Scotiabank ✅ Canadian Western Bank ✅ President's Choice Financial Keep your eyes peeled because the analysis doesn't stop there for FinTech Insights! We will be releasing more reports from the 🇺🇸 US and 🇪🇺 EU market soon. #FinTechInsights #analysis #digitalbanking #research #fintech #banking #analysis #canadianbanks

Discover the fresh vision leading the way at a major Canadian bank! Can you guess who the new CEO is? Test your knowledge and dive into the latest in finance! #CanadianBanking #NewCEO #FinanceNews #LeadershipChange #BankingIndustry #FinancialVision

The recent initiative to boost U.S.-Mexico remittances aims to empower Mexican rural banks, underscoring evolving trends in cross-border financial flows and their impact on regional #economic stability. 👉 This initiative highlights the growing importance of financial inclusion in emerging markets. For #treasury teams, understanding these dynamics can offer insights into market opportunities and #riskmanagement. 👉 Companies engaged in international markets should consider how such initiatives might influence economic conditions and affect their financial strategies. 👉 As rural banks gain new capabilities, there’s a shift in how financial services are delivered in underserved areas. Explore the full insights here: https://lnkd.in/eChf4FYK 💬 How do you see initiatives like this shaping the future of international finance? #CorporateFinance #InternationalFinance #EconomicImpact #FinancialInclusion #BankingInnovation #GlobalFinance

Fitch Ratings expects Mexico’s six state-owned banks to gradually increase their role in the execution of economic and financial policies. Low financial inclusion provides Mexico’s policy banks a key opportunity to further establish economic and social roles in the country, which is supportive of ratings and credit.

Are Australian banks too risk averse for the new economy? As global interest rates began to rise two years ago and risk capital became more expensive, the implications were painful for sectors like the startup ecosystem and fintechs, as well as smaller companies in general. Who would fund them? In Australia, it’s not the banks. Indeed, over the last 30 years the assets of the Australian banking system have shifted from nearly two-thirds lending to business to two-thirds lending to housing. Read more in today's Capital Gains newsletter by Andrew Cornell 👇 And you get Capital Gains sent to your inbox each week by signing up here: https://lnkd.in/gqYVsy_2

The symbiotic relationship between embedded finance and banks needs to thrive for our industry to continue to thrive. We are on it ⁦Marqeta https://lnkd.in/giMBF6jF