A Conversation with Jay Modi About the Finer Points of Financial Technology and Entrepreneurship

Born and raised in London in the United Kingdom, Jay Modi received his early education at the Royal Grammar School of Worcester in Worcestershire. When he was 14 years of age, Jay moved to Canada where he attended Western Canada High School. He then enrolled and began taking classes at the University of Calgary, but mid-way through his freshman year he chose to leave the school in order to work full-time on founding a real estate business. 

Since leaving university, Jay Modi has had a diverse and successful career, having explored a number of professions. After his real estate business, he pursued asset management as a vocation for a period of time. He then spent three years in Los Angeles living out a personal dream of founding a film production company. While in Hollywood, Jay was involved in the production of twelve different movies, even earning an executive producer credit on a celebrated project called The Bronx Bull, which is currently available for viewing on Netflix. He then chose to switch coasts, relocating to the Atlantic Northeast. After spending some time working alongside large hedge funds in New York City’s asset management and investment industry, Jay Modi earned his financial technology—or ‘fintech’—bona fides, and he decided to return to Canada and put his newfound skill set to use. He now boasts more than two decades of experience in a variety of sectors of the business world. 

Currently, Jay is the owner and operator of a company called Approval Nation, which is a business that provides financing to people who wish to buy vehicles. Based mostly in the digital sphere, Approval Nation is highly acclaimed for its innovative, 21st century approach to lending.

Why did you decide to go into financial technology?

I saw that the world was changing and, even though the internet has been around since the early 1990s, there was still a lot more growth to come. The internet seemed like the ideal platform to connect the world and help people gain access to information, both pertaining to business and in their own personal lives, and I felt that it should be adopted by the financial industry. I figured financial technology would help people better understand their financial lives, as well as provide them with access to financial products online. As everyone knows, finance isn’t something that’s usually taught in schools. But in this day and age, when everyone’s on the internet, ordinary people without formal training can access the tools that they need to be successful in a financial capacity.

What trends in your industry excite you?

I think that artificial intelligence is here to stay. Online banking and access to apps is exciting, too—especially online lending, because it allows a person to apply for loans online. It’s much more time-efficient than the traditional way of applying for a loan because you don’t have to make an appointment with anyone or even leave the house. So, the trends I’m excited about in financial technology all have to do with providing greater access to financial products.

What would you tell others looking to get into your industry?

First, determine what part of the industry you want to get into and what role you want to play within that space. Then talk to people who are already established in that space and try to really understand how to make yourself fit into it.

What is one thing you would change in your industry today if you could? 

I would bring in regulations in some areas and relax regulations in others. Right now, though, things are on a good path in that respect. The growth rate is good, the products that are coming out are good, and fintech is doing pretty well overall.

How has financial technology changed over the last decade?

Companies have been adapting to produce more online services. I think a lot of people were afraid of the concept of conducting their financial affairs online a decade ago, but now trust has been established. You can input your data online and there are a lot more security policies in place than there once were. Companies are adhering to data breach policies and making sure they have the proper protections, and as a result, the average consumer feels much more comfortable banking and investing digitally.

Who has been a role model to you and why?

My father, Rasik Modi, has been a great role model to me. He has a very family-oriented attitude, and I’ve learned a lot from him—everything from the way he manages finances and to his overarching approach to life. He’s an entrepreneur, as well, so he’s taught me a lot about business. 

How do you maintain a work life balance?

As an entrepreneur, sometimes your business will take up most of your attention. It’s important to know when to take a break if you feel yourself burning out or if you’re overworking yourself, even if it’s just getting up from the computer and going for a quick walk. I go to the gym and spend time with friends and family, but one of the most important aspects of maintaining a good work life balance is managing time and mental fatigue. Delegating tasks to other people helps with this issue. It also pays to take a look at your life structure and implement policies and routines that give you a little bit of a break on a daily basis.

What is one piece of advice you would like to leave our readers with?

Never give up. Make sure that the reason for what you’re doing to be successful is the right reason. Don’t do it because you’re trying to get revenge or make someone jealous because that won’t motivate you for long. Finally, and perhaps most importantly, no matter how crazy your dreams are, anything is possible.

AZ-900: A Guide to Pass the Microsoft Azure Fundamentals Exam

Cloud computing allows us to store, use and manage data on a remote server. The industry is thriving, and it obtained a boost when businesses expedited their digital transformation. Experts in cloud computing manage and create systems, build and implement cloud infrastructures, and provide user support and troubleshooting. It is widely used to virtualize an organization’s IT infrastructure, allowing employees to access the data from anywhere. Both non-technical and technical candidates can take the Microsoft Azure Fundamentals AZ 900 exam. Working in the cloud computing industry has several benefits. But to pass the test, you must follow a set of steps.

AZ-900 Microsoft Azure Fundamentals: A Brief

For the Microsoft Azure Fundamentals AZ-900 test, you get 60 minutes to answer 40 to 60 questions. The Azure certification cost is $99, and passing the examination requires a score of 700. Since Microsoft Azure Fundamentals is appropriate for novices who have yet to gain experience in programming or cloud computing, anybody can sit for the AZ-900 certification exam. If you’re looking for a job in cloud computing, the AZ-900 test will help you get started.

By signing up for this exam, you can learn more about cloud services and make a career choice in the expanding cloud business. This certification provides a one-way pass to several prestigious firms with great job chances. AZ-900 can be used to pursue careers as a software engineer, DevOps engineer, data engineer, cloud engineer, backend developer, migration consultant, and data scientist.

The AZ-900 Microsoft certification syllabus includes

  • Core Azure services
  • Cloud concepts
  • Azure pricing
  • Support
  • Security
  • Privacy
  • Compliance and trust

AZ-900 Study Guide

This Microsoft Azure certification will help you understand Azure properly and begin your journey for advanced-level certifications. Follow the recommended strategies to enhance your preparation.

  • Know your Exam Objectives

This may be the most crucial element of thoroughly grasping the ideas while taking the certification exam. The following subjects get covered in the AZ 900 exam

  • Describe cloud concepts – 25-30%
  • Describe Azure management and governance – 30-35%
  • Describe Azure architecture and services – 35-40% 
  • Instructor-led Training

These arrangements can be made at a Microsoft learning partner. Additionally, Microsoft-certified trainers conduct the AZ 900 certification training. As mentioned above, the Microsoft cloud certification course will provide foundational knowledge of cloud principles, Azure governance and management tools, and essential Azure services.

  • Microsoft Learn Modules

The majority of the articles on Microsoft Learn are text-based. Additionally, it offers you brief tests after each module. It’s free to educate yourself on the AZ-900 Microsoft Azure certifications test material. You are guided through practical exercises in Azure basics to launch your first services at no cost. The six-part course introduces you to fundamental cloud ideas and gives you a concise rundown of various Azure services.

  • AZ-900 Books

Microsoft makes the Exam Ref series as many individuals still choose books to learn. Always verify the publication date and whether any significant revisions have been made because books might occasionally need to catch up on the exam objectives.

  • Take Practice Tests

The exam will cover a range of subjects, so you must be aware of that. Taking practice tests will help you ace the test and Azure certification training. Practice your study strategy and prepare for the exam by finishing the Microsoft AZ-900 sample tests. Understanding the test’s question pattern will help you improve your answering skills and time management. Additionally, these practice exams will help you identify your weak areas so that you may take steps to enhance them.

  • Join Online Groups and Communities

These forums can help you with anything from education to technical support on pertinent subjects. People join the Microsoft community to exchange ideas and acquire the most recent information about Azure certifications. You may stay updated about test revisions by participating in group conversations with subject-matter experts regarding your queries.

Final Thoughts

Sign up for the exam after you’ve finished studying. Instead of cramming topics, using the proper method might help you prepare for exams. Additionally, practice exams can help you evaluate your responses and pinpoint flaws. The Azure Fundamentals AZ 900 certification is evidence of your expertise in cloud computing and can help you gain a better position with a competitive salary. Anyone who wants to pursue a profession in cloud computing can benefit from it. You can get there with determination and an effective learning method. 


Ban on TikTok opens doors for others

Ban 2022 was a turbulent year for investors in digital media businesses such as Meta and Snap.

Yet, the difficulties may have passed as investors received some encouraging news this week, reviving their optimism.

TikTok, a major competitor for many businesses, is on the verge of being banned in the United States.

The news

The US House Foreign Affairs Committee voted on Wednesday to forward legislation giving President Joe Biden the authority to ban TikTok.

The video-sharing app is developed by the Chinese business ByteDance, and it has been a major driver in stealing market share from social media titans.

In an interview, Laura Martin, a Needam analyst, stated that if the ban is implemented, multiple platforms will profit, including:

  • Snap, the parent company of Snapchat
  • Meta’s Facebook
  • YouTube

“Implications are great for anybody that has been losing market share to TikTok,” said Martin.


The video-sharing app owned by ByteDance has seen a rapid ascent in the United States over the years.

Its presence was especially noticeable in 2022, when the unpredictable economy had an influence on the internet ad business.

The platform will have over a billion monthly users by 2021.

According to a Pew Research Center poll, over 67% of American youths use TikTok, with 16% saying they are virtually always on the network.

According to Insider Intelligence, the app holds 2.3% of the worldwide digital ad market, trailing Google (including YouTube), Facebook (and Instagram), Amazon, and Alibaba.

Privacy concerns

Despite TikTok’s amazing run and rising notoriety, its parent business is situated in China, which poses some data privacy issues.

Furthermore, ByteDance is a privately held corporation, which raises authorities’ concerns.

TikTok was prohibited on government devices by Lawmakers in December as part of a bipartisan funding package.

Some governors have withdrawn the program from state computer networks and public colleges since then.

Sen. Josh Hawley, R-Mo., called for a countrywide ban in January.

TikTok answered on Wednesday.

“A US ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide,” said a company spokesperson.

“We’re disappointed to see this rushed piece of legislation move forward, despite its considerable negative impact on the free speech rights of millions of Americans who use and love TikTok.”

Read also: Stock market ends February with losses

Reality of the ban

While there was another bill before the one brought up by the committee this week, it will take time for lawmakers to enact any serious prohibitions.

If the bill passes the Republican-controlled House, it must then be approved by the Democratic-majority Senate.

As a result of the resistance expressed by certain Democrats, there will be a challenge.

Nevertheless, if it passes the Senate, Biden must either sign it or veto it.

Past oppositions

The latest uproar isn’t the first time American officials have taken TikTok to task.

When Donald Trump was President, he stated that he intended to ban it by executive order in 2020.

To prevent TikTok from being taken down, ByteDance had planned a future spinoff.

They did, however, negotiate an arrangement with Trump to include firms such as Oracle and Walmart.

The two corporations would have become investors, but the transactions never took place.

TikTok, according to Laura Martin, may be purchased today.

While it may be a weaker competitor with questionable experience, it would not just shut down.


JMP analyst Andrew Boone believes that if TikTok is outlawed in the United States, Meta would profit the most.

Facebook has been investing more money on its Reels features, which, unlike its primary newsfeed, have yet to develop a sustainable business model.

On its fourth-quarter earnings call, Meta stated that it expects Reels to reach revenue neutrality by the end of 2023 or early 2024.

“If TikTok were to go away, I think that there would be a lot more consumption of Instagram Reels,” said Boon.

He also mentioned Snapchat Spotlight and YouTube Shorts as potential beneficiaries.

Rough days

In 2022, Meta’s Reels, Spotlight, and YouTube Shorts faltered.

As Meta endured three consecutive quarters of falling income, it lost two-thirds of its value.

Conversely, Snap stock sank 81% as growth slowed to single digits.

For the second time in a row, the corporation refused to issue a forecast.

YouTube advertising revenue fell 8% year on year in the fourth quarter, below analyst estimates.

TikTok’s prominence encouraged several digital media businesses to copy its business model.

As celebrities chastised the app for attempting to imitate TikTok, Instagram CEO Adam Mosseri explained the modifications.

Another Instagram post urged the business to keep Instagram as it was, garnering over 1.6 million likes and over 140,000 petition signatures.


Stock market ends February with losses

Stock Many people expected last year’s economic troubles to be resolved by now, since economists predicted a bright year.

Nevertheless, when February came to a close, things did not appear to be going as planned.

The stock market has been tumultuous all month, and stocks fell on the last day.

The news

On Wall Street on Tuesday, American stocks had a turbulent February.

The S&P 500 fell 0.3%, while the Dow Jones Industrial Average fell 0.7%.

Meanwhile, the Nasdaq Composite fell 0.1%.

The yield on the ordinary 10-year US Treasury note increased to 3.92% on Tuesday afternoon.

The price of WTI crude oil in the United States has risen to more than $76.94 a barrel.

Additionally, the dollar index rose to $104.92 per dollar.


Wall Street saw a modest bounce on Monday following its worst week since 2023, with stocks closing marginally higher.

After a strong start in January, the three indices finished the month in the red.

On Tuesday, economic statistics showed that retail inventories, excluding autos, grew by 0.3%.

Bloomberg economists predicted a 0.1% increase.

Wholesale inventories, on the other hand, fell by 0.4%, falling below the consensus forecast of 0.1%.

Consumer confidence

According to the Confidence Board, American consumers were dissatisfied with the economy in February.

The Consumer Confidence Index fell from 106.0 to 102.9, falling short of consensus expectations of 108.5.

It wasn’t alone; the February Chicago PMI was also lower than expected, falling from 44.3 to 42.6.

Ben Ayer, senior economist at Nationwide, issued the following statement:

“Consumers and businesses are looking for ways to reduce expenses in anticipation of much weaker activity over the rest of the year.”

“The drop in consumer confidence in February aligns with weaker business confidence readings as the Fed’s sharp increase in interest rates start to bite.”

The house market

According to the S&P CoreLogic Case-Shiller Index, house prices declined 0.5% in December.

Nonetheless, housing prices increased by 4.6% year on year.

While being high, costs were still lower than the 4.8% experts predicted.

Read also: Is Walmart Stock Right For You?


Despite improving economic conditions, inflation persists.

On Monday, Federal Reserve Governor Philip Jefferson dismissed arguments for raising the Fed’s 2% inflation objective.

He stated that he is not dismayed by the prospect of lowering the inflation rate.


Investors are expected to remain focused on the retail business this week, according to sources.

Target’s profits above analysts’ estimates on Tuesday, owing to consumer spending continuing to shift away from discretionary areas.

The retailer’s same-store sales climbed by 0.7%, above the 1.74% loss forecast.

The stocks gained almost 1% on Tuesday.


Bespoke Investment Group supplied data showing that 420 stocks reported profits in the previous week.

A number of firms who have reduced their guidance have more than quadrupled the percentage of companies that have increased their guidance, indicating that small-cap companies reporting late in the season are in for further difficulties.

Zoom shares rose after the company reported better-than-expected fourth-quarter results.

Its earnings per share of $1.22 were better than the expected 80 cents, and its sales were $1.12 billion.

Occidental Petroleum shares fell after the oil and gas company reported fourth-quarter earnings that fell short of Wall Street estimates on Tuesday.

Shares of Workday, a human-resources software business, not only increased but also surpassed forecasts.

They reported $1.65 billion in revenue vs $1.63 billion expected, a 20% increase year over year.

AMC Entertainment Holdings, Inc.’s stock was among those that fell.

It plummeted on Tuesday after a Delaware court announced a hearing on April 27.

The postponement will very certainly push back the conversion date of APE convertible units into common stock.

Tesla shares fell by almost 1% after Mexico’s president announced that the business would build a new factory in Monterrey, Mexico.

Further specifics, according to the Mexican president, would be revealed during Tesla’s investor day, with the factory likely to be huge.

Coinbase stock rose as concerns about cryptocurrency regulation eased.

The SEC slapped the firm with a subpoena on Monday as part of their ongoing investigation into cryptocurrency listings, digital asset custody, and platform operations, among other things.

Norwegian Cruise Line’s stock dropped after the company reported larger-than-expected losses.

As a result of rising gasoline and labor expenses, the firm anticipated dismal year-end expectations.

The Bank of Nova Scotia’s stock fell as a slowdown in its investment banking division reduced earnings from its capital markets section.