F|T: The FinTech Times – Back in business

Lending Loop

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.

Lending Loop back in business following thumbs up from the OSC(BETAKIT)

It has been eight months since the FinTech startup has been able to fully operate its business, but Lending Loop is back with its P2P lending marketplace after completing registration with the OSC as an exempt market dealer.

OSC announces LaunchPad to help FinTech startups navigate regulations(BETAKIT)

Pat Chaukos, Chief of OSC LaunchPad, said that the initiative spoke to a “recognition that we need to evolve as well, and that we need to keep pace with the changes brought on by these [startups], and not get in the way.”

Apple Pay transactions up 500% year on year, CEO reports(NFC WORLD)

Speaking the day after the mobile payments system went live in Japan, Tim Cook said the company is “seeing very strong growth in transaction volume” for Apple Pay around the world. Spain is coming soon.

LEAGUE, SecureKey lead list of Canadian companies atop FinTech 100 list(BETAKIT)

Six Canadian FinTech startups made the list, developed by Fintech Innovators, a collaboration between FinTech investment firm, H2 Ventures and KPMG Fintech.

Wave raises $14.6 million with goal to grow team to 150 and continue mobile development(BETAKIT)

Wave plans to use the funding to accelerate R&D and growth. The company also wants to grow the team to approximately 150 people over the next six months.

RBC gets Canadian patent for Thor smart order router(FINEXTRA)

Thor technology enables synchronized routing of split order segments to multiple exchanges without loss of fill rates, limiting the advantage that latency arbitrage users have over other market participants.

nanoPay raises $10 million Series A to expand the MintChip platform globally(BETAKIT)

The company plans to use the funding to expand the global utility of MintChip, including developing new business partnerships and additional service offerings focusing on B2B and B2C applications.

Impak Finance says it’s launching Canada’s first socially-responsible bank(BETAKIT)

Impak Finance is one hundred percent devoted to the impact economy, meaning that the bank invests in small, medium, and large-sized companies with one common feature: they have a positive social and environmental impact.

What mobile carriers do next: Become banks(VENTUREBEAT)

If banking is something you do on an app, why shouldn’t your mobile carrier actually be your bank? It’s more than just an idea.

CIBC partners with Borrowell to provide “one-click” online lending to its customers(BETAKIT)

The new partnership allows CIBC to leverage Borrowell’s platform and underwriting approach to adjudicate loans for existing customers online in real time, with funds typically issued the next business day directly into a client’s CIBC account.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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