F|T: The FinTech Times – Bank AI but no ICO

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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STACK FinTech Times


BetaKit

RBC wants to use AI to give customers financial advice

RBC said it wants to use predictive technology to “identify money in a client’s cash flow that can be automatically saved.”


Stack

STACK RECOMMENDS: Ontario launches plan to teach high school kids financial skills

“A step forward for Ontario as financial literacy, entrepreneurship and digital literacy to be included in Ontario curriculum.”
– Miro Pavletic, CEO and co-founder of STACK


CoinSpeaker

FinTech startup AutoFi raises $10 million in Series A funding

AutoFi, which allows car buyers to purchase vehicles from a dealership’s website through a network of lenders, raised the round from investors including Crosslink Capital, Ford Motor Credit Co LLC, and Lerer Hippeau Ventures.


BetaKit

Kik plans to raise $157 million CAD through token distribution event

Kik has already sold $63 million CAD worth of tokens to select accredited investors.


siliconANGLE

China bans all initial coin offerings pending broad review

Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street will support a UBS-led plan to develop a digital cash system based on blockchain technology.


Finextra

More major banks join UBS-led blockchain project

Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street will support a UBS-led plan to develop a digital cash system based on blockchain technology.


NewsCenter.io

FinTech startup BillingPlatform raises $18 million

BillingPlatform, which provides a cloud billing system, raised the funds from two investors, including Columbia Capital.


Finextra

American Express introduces Pay it Plan It feature

With Pay It, card members can use their American Express App to select smaller purchases and pay that purchase amount right away with a tap. With Plan It, card members can select purchases over $100 and choose to make monthly payments ranging from three to 24 months with a fixed fee and no interest.


ITProPortal

Banks need to keep a close eye on FinTech or risk doom

A new report advises cooperation between public authorities and tech firms to stay fully informed about the latest tech developments.


BetaKit

Nuco launches Aion framework to tackle blockchain’s interoperability problem

“In the future, blockchains will federate data and value in a hub and spoke model similar to the internet.”


Business Insider

Ethereum’s founder strikes deal with Russian bank, creates ‘Ethereum Russia’

Ethereum Russia was created to enhance the country’s ability to implement blockchain technology.


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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.