F|T: The FinTech Times – AI banking assistants

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

“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 RECOMMENDS: Ottawa unveils ‘supercluster’ innovation plan(THE STAR)

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

CIBC named top mobile banking app among Canadian banks(BETAKIT)

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

Digital token project Bancor raises $147 million(VENTUREBEAT)

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

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

“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.

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

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

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

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.

Banking is the logical next step in the personal assistant revolution(MASHABLE)

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

‘FinTech’ startup SoFi to move into traditional banking (BUSINESS INSIDER)

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

Fiserv to acquire Monitise for £70 million(FINEXTRA)

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

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

“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.

Why Toronto could inevitably dominate FinTech(THE LONDON ECONOMIC)

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

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

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.

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

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

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

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?


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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