F|T: The FinTech Times – Another Canadian open banking boondoggle

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As CIOSC preps consumer framework, Canadian FinTech startups fear another open banking boondoggle (BETAKIT)

BetaKit has learned that the CIOSC will release a draft of its minimum viable framework for consumer-directed finance by the end of 2021 or early 2022. But some say it has become another venue for the ongoing power struggle between banks and FinTech startups over the future of open banking.


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Dream11 parent Dream Sports bags $840 million funding at $8 billion valuation (MONEYCONTROL)

Dream Sports claims to have a user base of over 140 million users and employs close to 1,000 people.

Tired of waiting, Flinks launches its own Open Banking Environment with National Bank (BETAKIT)

In collaboration with majority owner the National Bank of Canada, Flinks is launching a new product called the Open Banking Environment, which will allow FinTech startups to securely access consumer data from financial institutions without the need for screen-scraping.

CryptCrypto startup MoonPay hits $3.4 billion valuation as bitcoin fever reaches new heights (CNBC)

MoonPay lets users buy cryptocurrencies using conventional payment methods like credit cards.

California-based FinTech Tipalti expanding Canadian presence with Toronto office, 300 hires (BETAKIT)

The startup will be opening its second Canadian office on January 1, which comes in addition to its Vancouver-based office that opened on February 1, 2020. Tipalti plans to hire a total of 300 employees in Toronto by the end of 2023.

Revolut beats rivals for Android app downloads: exclusive data (BUSINESS INSIDER)

Revolut outpaced rivals in 2021 as downloads of the banking app soared ahead of the likes of N26, Monzo, and Starling.

Dax Dasilva on using Lightspeed learnings to address the world’s climate crisis (BETAKIT)

Dasilva, one of the most outspoken CEOs in Canadian tech regarding social issues, stressed the importance of leading by example, embracing discomfort, and giving back during the November Patreon-exclusive BetaKit Live event, titled “Dax Dasilva on making a difference.”

Plaid’s Irene Zhou on getting a ‘Yes’ faster from financial institutions (BETAKIT)

Zhou told BetaKit at SAAS NORTH that when making deals with enterprises, it’s important to expect a lot of moving parts.

Brazil’s CloudWalk valued at $2.15 billion after Coatue-led investment (YAHOO! FINANCE)

The shift to online shopping during the COVID-19 pandemic and an internet boom has led to Latin America becoming a hotbed for FinTech growth.

OSC opens applications to test innovative capital markets solutions through new program (BETAKIT)

“With OSC Testlab, we are proactively identifying areas where innovative solutions can drive progress in Ontario’s capital markets,” said Grant Vingoe, chair and CEO of the OSC.

Jack Ma’s Ant moves ahead with credit-scoring firm (WALL STREET JOURNAL)

The FinTech giant will partner with state-owned companies to establish Qiantang Credit Reporting.

BetaKit Live: How to drive growth and innovation through impact investing (BETAKIT)

In the next BetaKit Live on Thursday December 2, leaders from TELUS Pollinator Fund for Good, the Global Impact Investing Network, and Gotcare explain the corporate venture capital and impact investing space.

The crypto trading hamster that outperformed the S&P 500 has died (BUSINESS INSIDER)

The crypto community is in mourning following the untimely death of Mr. Goxx, the crypto trading hamster that outperformed the S&P 500 since he began in June.

Breather, Ritual alumni look to ride retail investing wave with automated trading platform Composer (BETAKIT)

Backed by a group of investors that includes San Francisco’s First Round Capital and Toronto’s Golden Ventures, Composer aims to bring institutional investment strategies to retail investors.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. He is also the winner of SABEW Canada’s 2023 Jeff Sanford Best Young Journalist award. His coverage is more complete than his moustache.

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