F|T: The FinTech Times – Banks you can(‘t) trust

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

Report: Government support needed to build FinTech ecosystem in Canada

To underscore its vision of positioning Canada as a global hub in FinTech, The Digital Finance Institute and McCarthy Tetrault LLP have released a comprehensive report on the prospects of FinTech in Canada and 16 other countries.


BAI

Inside look: BAI Beacon

A lot is happening at BAI as we live our mission to give financial services leaders the confidence to make smart decisions every day. One of the most exciting changes is the launch of BAI Beacon, a new immersive conference that will be unlike anything in the industry. (sponsored)


MobileSyrup

PayPal Canada names former American Express Canada exec as its general manager

PayPal has announced that it has brought on Paul Parisi, a veteran within the payment space, as general manager of the company’s Canadian operations.


Financial Post

5,300 Wells Fargo employees fired for setting up 1.5 million fake accounts, issuing credit cards without customers consent

For years, Wells Fargo employees secretly issued credit cards without a customer’s consent. Who looks to capitalize on this big loss in the trust war between banks and FinTech startups?


Business Insider

The new era of payment processing will change everything

The growing importance of the smartphone as the go-to computing device for every digital activity is having a profound effect everywhere you look, but it’s only the biggest story among many exciting developments in the world of payments.


IDC

IDC Financial Insights FinTech rankings top 100

Take a look at IDC’s list of the top 100 FinTech companies – including Canada’s DH Corporation and Celero – as well as the top 25 for Enterprise.


Finextra

PayPal targets the high street through MasterCard deal

Following a similar agreement with Visa, PayPal has struck a deal with MasterCard that will help the e-commerce specialist step up its attack on the bricks-and mortar market.


Forbes

Find out what drives this female FinTech CEO

Denise Thomas has never shied away from a challenge. It does not take more than a minute after meeting this woman to recognize how confident, impressive, smart, hard-working and fun she is. Nobody would mistake her success for luck.


Wall Street Journal

SoFi looks to raise $500 million in latest test for FinTech

Online lender Social Finance Inc. is pitching a new fundraising effort as it looks to buck a recent slump in the industry, according to people familiar with the matter.


BetaKit

Mogo announces milestone of 250,000 members following MogoApp release

Following the recent launch of its new digital banking account and mobile app, Mogo, the Vancouver-based financial technology company announced that it has reached 250,000 members.


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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.