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Competition Bureau wants feedback on FinTech sector report by November 20th(BETAKIT)
The public consultation will be open between November 6th and November 20th.
Financial tech startup WeLab raises $220M from investors including Alibaba(TECHCRUNCH)
The round brings WeLab’s total funding so far to $425 million. Founder and CEO Simon Loong said that it is still too early to share details about any plans for an IPO.
Bank of Amazon? US regulator calls for rethink on separation of banking and commerce(FINEXTRA)
A senior US regulator has floated the possibility of ending the long-standing separation of banking and commerce, paving the way for the likes of Amazon, Facebook and Walmart to take on Bank of America, Wells Fargo, Citi et al.
Blockchain Debaters event says blockchain may cause the next recession(BETAKIT)
“The government is not going to be involved in the blockchain unless they feel like they can stabilize [blockchain currency] the same way they can stabilize fiat [money].”
ChartMogul grabs $2.2 million to build the financial dashboard of your subscription business(TECHCRUNCH)
ChartMogul lets you keep an eye on your monthly recurring revenue, look at your net cash flow, calculate the average revenue per customer and generate cohort analysis to look at churn over time.
Hong Kong Fintech Innovation Lab Led with Blockchain And AI (FORBES)
The Hong Kong lab attracted two American companies that see it as an opportunity to gain exposure to Asian markets.
Ethereum co-founder Anthony Di Iorio says crypto wallets are the new browsers (BETAKIT)
“We are moving from the age of information to the age of value,” Di Iorio said.
Monzo raises £71 million, doubling its valuation within 10 months(BUSINESS INSIDER)
The British company is now valued at £280 million ($336 million USD) and said it now has more than 20,000 current account holders.
Fintech start-up Revolut aims to become a bank as it applies for European license(CNBC)
Amazon registered three domains related to cryptocurrency, sparking speculation that the ecommerce giant could be preparing to move into the cryptocurrency space.
CIBC launches Remi digital assistant(BETAKIT)
The assistant will offer clients using Facebook Messenger the ability to check foreign exchange rates.
