07 Nov 2018
Pier-Paul Belzil-Lacasse
Lead Senior Director | CPA, CA, CIRP, LIT | Recovery and reorganization

A recent article in the Journal de Québec on the personal finances of new Family Minister, Mathieu Lacombe, has caused a lot of reaction.

While the article included several details, basically, because of a family situation, he accrued considerable debt and made a proposal to his creditors to resolve the problem.

According to Pier-Paul Belzil-Lacasse, Lead Senior Manager and Licensed Insolvency Trustee, this situation is far from unique. He stated that in the Abitibi-Témiscamingue region alone, each year, some 400 people make a proposal to their creditors.

For more information on this solution to indebtedness, you can view his October 25th interview on TVA Nouvelles.

07 Nov 2018  |  Written by :

M. Belzil-Lacasse is a Lead Senior Manager at RCGT. He is your expert in Recovery and Reorganization...

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07 Nov 2018
Pier-Paul Belzil-Lacasse
Lead Senior Director | CPA, CA, CIRP, LIT | Recovery and reorganization

What is the future of financial services? Which solutions and action plans must financial institutions put in place to face the challenges of open innovation and artificial intelligence?

In an ever-changing world, financial technologies are disrupting financial institutions’ usual business models by offering technological solutions that are better tailored to their clients. With the arrival of new technologies like open innovation and the emergence of artificial intelligence, their business model will have to adapt.

In light of these numerous challenges, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, acted as the moderator of an international panel of speakers at the FinTech Forum on October 30, 2018.

The panel also included:

  • Kelly Peeler, CEO and Co-Founder of NextGenVest.com, which helps students manage student loans via text messages thanks to artificial intelligence and human advisors. She was named on the Forbes’ top 30 Under 30, Fast Company’s 100 Most Creative People in Business and Goldman Sachs’s 100 Most Intriguing Entrepreneurs and named a White House’s #StartTheSpark Ambassador;
  • Christopher Oster, CEO and Co-Founder of CLARK, a digital platform that makes it easy to buy new insurance while managing existing contracts;
  • Sébastien Fiaux, CEO and Founder of SFJ Technologies, a business that helps clients manage significant returns thanks to sophisticated mathematical models and science;
  • David Souaid, President and Co-Founder of the Evolocity financial group, which proposes technology-based solutions to provide working capital to Canadian SMEs;
  • Kathryn Petralia, President and Co-Founder of Kabbage Inc., a completely automated platform that allows clients to benefit from cash resources for their small businesses in a matter of minutes;

This conference was an opportunity to highlight their activities and discuss the challenges facing the financial industry – in particular the search for technological innovation sources to ensure innovation and competitiveness in a market with fierce competition and numerous competitors.

Artificial intelligence represents new business opportunities while improving efficiency and client services. It’s essential for financial institutions to ensure that they have a competitive, cutting-edge organization while efficiently responding to market uncertainties, the needs and expectations of clients and rapidly growing competition.

Today we’re entering a new era of technological transformation where everything is possible. It’s up to us to seize the opportunities that present themselves!

07 Nov 2018  |  Written by :

M. Belzil-Lacasse is a Lead Senior Manager at RCGT. He is your expert in Recovery and Reorganization...

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05 Nov 2018
Pier-Paul Belzil-Lacasse
Lead Senior Director | CPA, CA, CIRP, LIT | Recovery and reorganization

According to Suzanne Breton, Senior Manager and Business Strategy and Models expert, it’s important for business models and value proposals to evolve to ensure growth and avoid becoming obsolete.

Today’s recipe for success might not necessarily work tomorrow. This should be an ongoing process, not just something that takes place when the business is facing a crisis. The information should also be kept close at hand.

“A company does not operate in a vacuum and must keep a constant eye on the market. It can no longer be limited to its region, country or industry. Competition is global and transversal,” says our Management Consulting expert.

Read the full article (in French) in the September edition of PAX magazine (pages 14 and 16).

07 Nov 2018  |  Written by :

M. Belzil-Lacasse is a Lead Senior Manager at RCGT. He is your expert in Recovery and Reorganization...

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26 Oct 2018
Pier-Paul Belzil-Lacasse
Lead Senior Director | CPA, CA, CIRP, LIT | Recovery and reorganization

A global centre for artificial intelligence research, Quebec is still behind in applying this technology in business. Why?

Sadly, several misconceptions persist such as “it’s too expensive”, “too complicated”, “too difficult”, “doesn’t pay enough” or even, “it’s not the right time”.

Éric Nguyen, Senior Manager in charge of the artificial intelligence practice at Raymond Chabot Grant Thornton says: “Several entrepreneurs have been let down by promises that technological innovation was unable to keep since the start of the century.”

“Innovation is not an end in itself,” he continues. “It must bring value to the business by either increasing revenues or decreasing expenses. In the past, innovators were far too interested in developing solutions that did not lead to tangible benefits.”

To learn more about this aspect of artificial intelligence, read the article in La Presse+ published on October 22, 2018.

07 Nov 2018  |  Written by :

M. Belzil-Lacasse is a Lead Senior Manager at RCGT. He is your expert in Recovery and Reorganization...

See the profile