The Future of Lending
From Banks to FinTechs, the Canadian Lenders Association supports innovation across all consumer and commercial lending sectors. The CLA is committed to servicing the needs of a new generation of Canadian borrowers.
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June is Pride Month, which means that companies and individuals are taking the time to uplift LGBTQ+ voices, celebrate LGBTQ+ culture and commemorate its history. From Google filters to Amazon’s specifically curated film series and reading lists, companies big and small participate in some way each year, either out of PR obligation or genuine enthusiasm. […]
The Canadian Lenders Association partnered with LendIt Fintech for the recent event, LendIt Fintech USA, which took place at the Javits Center in New York City from May 25-26. Speakers included executives from Chime, Goldman Sachs, Mastercard, Nubank, Visa, FirstBank, and HSBC, among about 350 others. After a brief keynote from 100-day-young Mayor of New […]
Microfinance Software: Solving The Problem Of Solvency by RNDpoint The post-pandemic world has poised the microfinance industry for change. On one hand, due to the high demand for funds from small and medium enterprises (SMEs) and households, microfinance institutions (MFIs) have experienced growth in customer numbers. On the other hand, some forecasts say that the […]
According to a forecast made by Statista Research Department in March 2022, the global Artificial Intelligence market is expected to grow up to $126 billion by 2025. Despite the traditional nature of the banking sector, financial institutions (FIs) joined the race as well. Is AI a real all-in-one solution for FIs and FinTech? What drawbacks […]
Non-dilutive capital—which refers to capital a business owner receives without requiring them to give up equity—is a popular and growing form of alternative financing for Canadian startups and SMBs. Debt capital markets have lagged behind equity markets as a viable financing instrument for startups and SMEs. Historically, lenders and providers have been few and far […]
Today we have an opportunity to reflect on all the work that has been accomplished to make Canadian financial services a gender-inclusive industry and all the work that has yet to be done. In honor of International Women’s Day, we would like to celebrate a few positive developments and highlight areas for future growth. CLA […]
Loan Monitoring and Early Warning System Raise Green Flag for Avoiding NPAs Deterioration in Microfinance Organizations
In recent years, the financial sector has been suffering from a ballooning number of bad loans and non-performing assets (NPAs). Despite decent performance showing 8% NPAs rate on June 30, 2020, the figures are expected to shoot up to 10-11% on March 31, 2022, according to S&P Global’s research. While traditional banks and large financial […]
Is your company gender inclusive? At the Canadian Lenders Association, we strive to directly address the areas in which the financial services industry still needs growth. Despite progress in recent years with some companies’ DE&I strategies (see TD case study below), many workplaces have yet to implement their own strategy for gender-inclusivity. It’s time to […]
In the past, cash flow has been a considerable challenge for small to medium sized enterprises, which typically employ less than 500 people. SMEs are vital to the functioning of the Canadian economy, and contribute almost half the GDP generated in the private sector. These businesses are Canada’s largest employer, with over 8.4 million Canadians […]
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The Canadian Lenders Association is committed to publish world-class research and thought leadership on key topics impacting fintech lending. The CLA’s white papers provide thoughtful analysis and insights into trends and opportunities across the sector. Our research and thought leadership offers key insights into the fintech ecosystem. With the acceleration of digitization, including automation and […]
The Canadian Lenders Association is committed to working with all stakeholders in the community to advance policy and standard at a provincial and federal level. Our Policy Committee works closely with government and other association to advocate for borrowers making sure all lenders must uphold with the values of the CLA and comply with regulatory […]