F|T: The FinTech Times – Balancing regulation with FinTech innovation

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

With IBM partnership, SecureKey enters next phase of developing secure digital identity network

This network is part of the digital identity ecosystem SecureKey is developing with many of Canada’s big banks, following their investments in SecureKey’s $27 million Series A.


Stack

STACK RECOMMENDS: UK to roll out image-based cheque clearing system

“With peer to peer payments, why are we still handwriting cheques?”

– Miro Pavletic, CEO and co-founder of STACK


Business Insider

FinTech company Currencycloud raises £20 million from Google’s VC arm

GV led the Series D round of funding, with participation from Sapphire Ventures, Notion Capital, Japanese e-commerce giant Rakuten’s FinTech fund, and Anthemis.


Crowdfund Insider

European Commission considers passport for FinTech firms in recognition of consumer benefits

The Commission announced a consultation to help spur FinTech adoption and growth as currently, European consumers rarely benefit from cross-border financial services from other European countries.


TechCrunch

IBM unveils Blockchain as a Service based on open source Hyperledger Fabric technology

The company introduced the idea last year, but this is the first ready-for-primetime implementation built using that technology.


BetaKit

Alterna Bank partners with Lendful on Canada’s first “end-to-end” digital mortgage platform

Alterna Bank’s CEO Robert Paterson says the bank is “embracing the FinTech movement.”


Business Times

Wells Fargo introduces cardless ATMs across the US in digital push

Wells Fargo plans to upgrade all 13,000 of its ATMs to allow customers to access their funds using cellphones instead of bank cards.


Venture Beat

Malaysia’s Jirnexu raises $1.5 million for FinTech software

The funding, which comes from DMP, Gobi Partners, and OSK Ventures International Berhad, will be used to finance Jirnexu’s online financial aggregator in Malaysia.


Cryptocoin News

Canadian regulator: Blockchain & FinTech needs open data access for development

Canada’s largest securities regulator has stated that open access to data is fundamental to developing FinTech solutions like blockchain technology.


Crowdfund Insider

Innovate Finance announces Pitch360 finalists: 24 FinTech startups, 8 categories, 360 seconds to pitch

The winner at Pitch360 will receive £10,000, top policy and legal advice from Innovate Finance partners, complimentary membership to Innovate Finance, and two complimentary tickets to the 2018 Innovate Finance Global Summit.


BetaKit

Don and Alex Tapscott launch Blockchain Research Institute with IBM, Ontario gov’t

The goal of the institute is to study blockchain’s effect on various industries.


Investopedia

Opinion: FinTech will require regulation

Though Trump has promised to lighten regulatory burdens across the economy, people in FinTech will nonetheless face a contrary trend.


Crowdfund Insider

FinTech deals in South East Asia hit record numbers in 2016

2016 saw 71 total FinTech deals in the region as compared to 55 the previous year, a 29% increase.


FinSMEs

Dosh raises $2M in seed funding

The investment round was led by Charles Kim of China Renaissance Group. Dosh will use the funding to enhance its platform, which finds cash for consumers when they use their credit and debit cards for everyday uses.


BetaKit

LendingArch announces new POS loan system for medical expenses

The company said the system can help clinics increase sales and maintain patient loyalty, and that they face no credit risk for offering the service.


Forbes

Gift cards as currency – How FinTech is changing the way we give

Thanks to advancements in technology, gifting is witnessing the emergence of new companies crafting innovative solutions to an age-old industry.


Finextra

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut is taking a leaf out of Amazon’s playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise.


BetaKit

GainX selected for Microsoft Accelerator London

GainX, which helps financial institutions gain greater returns on innovation and transformation spending, will gain access to one-to-one support, access to Microsoft’s customer base, and coaching from IT experts in AI, BI, ML and blockchain.



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Amira Zubairi

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.