The strike at Canada Post hit many Canadian charities like an earthquake, crumbling the investments they had made in their end-of-year direct mail fundraising campaigns, leaving a financial hole that will be hard to recover from, especially at the most important time of the year for fundraising at organizations across the country. [Read more…] about Charities Must Move Online if They Want to Survive
Thought Leaders
Fixing Canada’s Payroll Challenges Requires More Than Swapping Out Systems
Ottawa has already burned through $3.5 billion trying to fix the Phoenix pay fiasco — and now it’s shelling out even more after settling with federal employees hit by the chaotic payroll issues. [Read more…] about Fixing Canada’s Payroll Challenges Requires More Than Swapping Out Systems
Supply Chain Finance: The Next Frontier in Financing for SMBs
Small businesses (SMBs) are always in need of financing to support cash flow which is often hard to come by. The credit gap is huge, and lenders need to play a substantial role to make a dent, especially banks with large balance sheets. But large lenders’ hands are often tied due to concerns around risk. Given there is a concerted push from Governments to lend more to SMBs, there is a need for a solution that can bridge this demand and supply gap. Supply Chain Finance could be the solution. [Read more…] about Supply Chain Finance: The Next Frontier in Financing for SMBs
Access to Credit for Small Business: A Global Challenge and a Big Opportunity
Research by the World Bank Group across 109 economies reveals that 30% of small businesses in the formal private sector are credit constrained. Limited access to working capital for small businesses negatively impacts the economy, growth, productivity, and employment. Small businesses are crucial for wealth creation, equity, and financial inclusion, especially among underserved groups. [Read more…] about Access to Credit for Small Business: A Global Challenge and a Big Opportunity
The Future of Qualified Investments in Canada: Why Bitcoin Belongs in Your RRSP
As Canada’s financial landscape evolves, so must our approach to qualified investments within tax-advantaged savings plans like RRSPs and TFSAs. At Shakepay, we believe it’s time for Canada to allow Canadians to invest directly in Bitcoin within their qualified investment accounts, similar to the approach taken by the United States. Here’s why. [Read more…] about The Future of Qualified Investments in Canada: Why Bitcoin Belongs in Your RRSP
Immigration: A New Frontier for the Fintech Ecosystem
In an era of unprecedented global mobility, national financial systems must adapt to welcome newcomers. However, the immigrant journey, often fueled by aspirations, is frequently met with the harsh reality of financial exclusion. Drawing from our own experiences as immigrants to Canada, we’ve felt the financial hurdles faced by newcomers. [Read more…] about Immigration: A New Frontier for the Fintech Ecosystem
FinOps Market Map: Visualizing Canada’s Financial Operations Companies
The fintechs in this market map are companies that power the CFO’s office. They allow businesses to issue invoices, process payments, manage expenses & run payroll. These are behind the scenes tools that quite literally allow businesses to send & receive money. [Read more…] about FinOps Market Map: Visualizing Canada’s Financial Operations Companies
Customer Satisfaction Is the Key to Successful Digital Banking Adoption
In a world where digital solutions are transforming industries at a breakneck speed, Canadian banks appear stuck in a bygone era. [Read more…] about Customer Satisfaction Is the Key to Successful Digital Banking Adoption
A Pathway to Greater Efficiency for Canadian Finance Leaders
Earlier this year, the Bank of Canada noted an urgent need for the country to elevate its productivity levels. Improving productivity through efficiency, can allow our economy to grow faster and lessen the risk of inflation. Encouragingly, this is an achievable scenario. [Read more…] about A Pathway to Greater Efficiency for Canadian Finance Leaders
Why Fintech Brands Are Using TV To Cut Through the Competition
The media environment in 2024 continues to present more complexity for marketers looking to capture audiences, drive traffic, and build awareness and brand presence. These intersecting objectives need to be tailored to the marketer’s audience and narrowed to reflect unique initiatives within the brand’s scope. [Read more…] about Why Fintech Brands Are Using TV To Cut Through the Competition