F|T: The FinTech Times – Bank of Amazon

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.


BetaKit

Competition Bureau wants feedback on FinTech sector report by November 20th

The public consultation will be open between November 6th and November 20th.


TechCrunch

Financial tech startup WeLab raises $220M from investors including Alibaba

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.


Finextra

Bank of Amazon? US regulator calls for rethink on separation of banking and commerce

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.


BetaKit


Blockchain Debaters event says blockchain may cause the next recession

“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].”


TechCrunch

ChartMogul grabs $2.2 million to build the financial dashboard of your subscription business

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.


Forbes

Hong Kong Fintech Innovation Lab Led with Blockchain And AI

The Hong Kong lab attracted two American companies that see it as an opportunity to gain exposure to Asian markets.


BetaKit

Ethereum co-founder Anthony Di Iorio says crypto wallets are the new browsers

“We are moving from the age of information to the age of value,” Di Iorio said.


Business Insider

Monzo raises £71 million, doubling its valuation within 10 months

The British company is now valued at £280 million ($336 million USD) and said it now has more than 20,000 current account holders.


CNBC

Fintech start-up Revolut aims to become a bank as it applies for European license

Amazon registered three domains related to cryptocurrency, sparking speculation that the ecommerce giant could be preparing to move into the cryptocurrency space.


BetaKit

CIBC launches Remi digital assistant

The assistant will offer clients using Facebook Messenger the ability to check foreign exchange rates.


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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.