F|T: The FinTech Times – AI banking assistants

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

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BetaKit

#FutureofFinTech panel says robo-powered future of financial services still needs people

“My mother is afraid to use her credit card at the pay-at-the-pump gas stations. I don’t think she’d be comfortable using a robo-advisor for her banking,” said Alyssa Furtado, co-founder and CEO of RateHub.


STACK

STACK RECOMMENDS: Ottawa unveils ‘supercluster’ innovation plan

“A Federal backed plan shows Canada’s commitment to driving and leading global innovation.”
– Miro Pavletic, CEO and co-founder of


BetaKit

CIBC named top mobile banking app among Canadian banks

A Forrestor Research study says CIBC wins in banking functionality and usability.


VentureBeat

Digital token project Bancor raises $147 million

Bancor enables the creation of so-called “smart tokens,” which can hold one or more tokens or digital currencies in reserve.


Business Insider

The Victorian government wants to build a FinTech hub in Melbourne’s Docklands

“This FinTech hub will turbocharge our startup ecosystem and attract new investment that will strengthen our professional services industry and create jobs,” said Philip Dalidakis.


BetaKit

Impression Ventures closes $30 million Fund II to boost Canada’s “massive” FinTech talent

The Toronto-based firm is also establishing a Montreal presence with the addition of financial industry veteran Maor Amar.


Finextra

Video banking to play an important role in the bank branch of the future

Banks in a number of countries are turning to terminals offering remote video transactions as part of their branch transformation strategies, according to a new report from RBR.


Mashable

Banking is the logical next step in the personal assistant revolution

It appears that asking your phone assistant for your bank account details could be here sooner than you think.


Business Insider

‘FinTech’ startup SoFi to move into traditional banking

The San Francisco provider of student and personal loans applied for federal deposit insurance, a protection normally only available to conventional banks.


Finextra

Fiserv to acquire Monitise for £70 million

Fiserv is offering to buy long-struggling UK mobile banking firm Monitise at 2.9 pence per share, valuing the company at £70 million.


BetaKit

Blockchain Research Institute announces research partnership with Canadian gov’t, City of Toronto

“Blockchain is a great example of an emerging technology that Canadians are playing a lead role in developing,” said Navdeep Bains, minister of innovation, science, and economic development.


TLE

Why Toronto could inevitably dominate FinTech

A strong technology sector, resilient financial system, fantastic talent pool and low business costs put Toronto on the global FinTech map.


TechCrunch

India’s MobiKwik is raising new funding at $1B valuation to battle payment rival Paytm

Co-founder Upasana Taku said MobiKwik is in talks to raise $100 million-$150 million in a round that would value the company at more than $1 billion, thereby putting it into the elite club of tech unicorns.


BetaKit

Real Ventures’ Janet Bannister says FinTechs that use AI can build “winning” companies

AI will drive innovation and disruption in all industries, but financial services will be particularly affected.


Financial Post

‘It’s going to be a marathon’: What Android Pay means for mobile payments in Canada

With mobile payments now fully available on both major mobile operating systems, the last piece has seemingly fallen into place for Canada’s mobile payments ecosystem. But are Canadians really ready to adopt this new way of paying?



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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.