They say ‘we can partner with banks.’ We still have disruptors, but even some folks that were trying to disrupt the market are shifting because they see [the value in] providing technology to the banks that the banks don’t have. “Canadian banks have been embracing fintech and collaborating with the startups.
The crowd (any Albertan) may choose to fund the campaign by purchasing rewards through our online platform.
“Think of it as a variation of e-commerce where a product or service (reward) from a small business is exchanged for funds from the crowd.
Entrepreneurs prepare an initial application describing their business and product or service, along with a target goal of funding they wish to raise, and the purpose of those funds.
If you are looking to invest, you have to be cautious.
Also, as a country we need to say ‘how do we foster innovation, which is what we want to do, but still protect consumers from fraud? The banks would like to see a level playing field, to a degree.