Accounting Tech: Nextax and Deeply | Ascension Fintech Program

Many, especially small businesses, wish that they could make the process of accounting and taxation a lot easier, or do away with it altogether. conducted a survey among 1000 small and medium sized businesses, which revealed that 47% of these business dislike the cost associated with accounting and 13% dislike the administrative headaches and time that […]

Research Intelligence: Aquantix and Krypto | Ascension Fintech Program

If a finance professional from the early 2000s were to time-travel all the way into 2018, he would be completely baffled. An electronic-asset (backed by nothing) that appreciated close to a million percent (read: Bitcoin), insurance providers that are fully digital, Apple with a payments wallet! Things have changed considerably, primarily after the 2008 financial […]

Lending & Consolidation: Ophelia, FinanceToiMieux | Ascension Fintech Program

Even though the per capita debt level in Canada is minuscule as compared to that in the United States, it is definitely not something to be scoffed at. According to the Office of the Superintendent of Bankruptcy Canada (OSB), the average household debt in Canada is at 163% of disposable income, and nearly 4 out of […]

Financial Literacy: BlockRewards & Hardbacon | Ascension Fintech Program

Fintech is changing the way financial services are packaged and delivered. Tasks associated with everyday banking are becoming increasingly customer-centric and engaging. But these advancements are not being coupled with improvements in financial literacy. Based on a study conducted by in partnership with IPSOS, 34% of Canadian are unaware of the fact that free […]

BDC Canadian Fintech Summit 2.0: Banks Moving Towards Collaboration

Peter Misek, Partner BDC IT Venture Fund, opened the BDC Canadian Fintech Summit 2.0 held in Toronto on April 17th and 18th 2018, with a bold statement. He stated that Canada and the US are very much alike when it comes to startups they produce, so the scalability problem that everyone keeps talking about isn’t […]

Can blockchain save the planet? Part 2

Trouble in the Blockchain-Carbon Trading Paradise  Following the success of the Acid Rain Program, an emissions trading system (ETS) was considered as the ideal solution to tackle environmental pollution. The first part of this article series assumed that emissions trading is the quintessential way to control GHG emissions. But it would not be far-fetched to say that cap-and-trade […]

Fintech: Not Just Startups – Highlights of Finance Montreal’s Deloitte Technozone 2017

Fintech startups are all about pushing the envelope, whether in technology or customer experience. Be that as it may, many forget that banks were the original “innovators.” Even now, a number of corporates and banks are engaging with disruptive tech in their own way, either by developing solutions in-house or engaging directly with external innovation […]

Can Blockchain Help Save the Planet? Part 1

The Use of Blockchain with Carbon Trading There is a dire need for things to change. Many in the enlightened climate change camp are screaming at the top of their lungs to make the general public, government and corporations realizehow perilously close to the edge we are. Canada, in particular, is lagging behind the curve. […]

Welcoming the Ascension Cohort 1 – Let the Climb Begin!

Montreal, increasingly known as a hub for A.I, its Fintech arena has just been as impressive. Last year, Caisse Depot and Desjardins combined forces to launch a 75-million dollar fund for fintech startups. That, along with Desjardins’ Cooperathon and Finance Montreal’s Forum Fintech, are testaments to Montreal’s growing fintech community. Most recently in January, the Paris […]

Insurtech in Canada – Startups, Partnerships & the Future

Most, if not all, consider insurance to be a necessity. As a result, the insurance business-model has been among the most robust for the past few decades. It’s an excellent cash-generating system, which insurance companies use to generate further revenues through investing activities. On the flip-side, such a comfortable position caused insurance firms to be […]