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RBC wants to use AI to give customers financial advice(BETAKIT)
RBC said it wants to use predictive technology to “identify money in a client’s cash flow that can be automatically saved.”
STACK RECOMMENDS: Ontario launches plan to teach high school kids financial skills(THE STAR)
“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
FinTech startup AutoFi raises $10 million in Series A funding (COINSPEAKER)
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.
Kik plans to raise $157 million CAD through token distribution event(BETAKIT)
Kik has already sold $63 million CAD worth of tokens to select accredited investors.
China bans all initial coin offerings pending broad review(SILICONANGLE)
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.
More major banks join UBS-led blockchain project(FINEXTRA)
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.
FinTech startup BillingPlatform raises $18 million(NEWSCENTER)
BillingPlatform, which provides a cloud billing system, raised the funds from two investors, including Columbia Capital.
American Express introduces Pay it Plan It feature(FINEXTRA)
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.
Banks need to keep a close eye on FinTech or risk doom(ITPROPORTAL)
A new report advises cooperation between public authorities and tech firms to stay fully informed about the latest tech developments.
Nuco launches Aion framework to tackle blockchain’s interoperability problem(BETAKIT)
“In the future, blockchains will federate data and value in a hub and spoke model similar to the internet.”
Ethereum’s founder strikes deal with Russian bank, creates ‘Ethereum Russia’(BUSINESS INSIDER)
Ethereum Russia was created to enhance the country’s ability to implement blockchain technology.