F|T: The FinTech Times – Building a bank from scratch

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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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STACK FinTech Times


BetaKit

Goldmoney announces $30 million in financing to fuel blockchain offerings

Last week, Goldmoney announced that clients can buy, sell, and exchange cryptocurrencies with nine global currencies.


Stack

STACK RECOMMENDS: Royal Bank of Canada using blockchain for U.S./Canada payments – executive

“Great to see Canadian financial institutions acknowledging the opportunity in blockchain.”
– Miro Pavletic, CEO and co-founder of STACK


BetaKit

TD dedicating $3.25 million to helping early-stage FinTechs navigate patents

TD is also opening a cybersecurity office in Tel Aviv.


TechCrunch

N26, Revolut and Monzo founders to talk about starting a bank from scratch at Disrupt Berlin

These three speakers all think that retail banks have been too greedy and too slow. It’s time to let users control their money from their phone. In fact, sending money should probably be as easy as sending a tweet.


Business Insider

Aviva takes majority stake in ‘robo’ investment startup Wealthify

Insurance and investment giant Aviva has become the majority shareholder in Cardiff-based Wealthify, which lets people make low-cost investments online. The product will be integrated into Aviva’s online portal MyAviva.


Finextra

BofA turns to Microsoft Cloud for digital transformation

Microsoft Office 365 will provide modern, cloud-based productivity and collaboration tools to some of the Bank of America’s 200,000 employees.


BetaKit

Square launches contactless payments and chip reader in Canada

The product is a white square that can be connected to the company’s Square Stand card reader.


TechCrunch

Startups say this FinTech ‘lab’ is giving them needed access to Wall Street and regulators

FinLab aims to find and nurture FinTech startups that are helping Americans save, access credit and build assets, and it is itself fueled by a $30 million, five-year grant from JPMorgan.


CNBC

FinTech startup Curve adds cloud-based accounting software to its app to simplify expenses

Curve, which allows users to consolidate all their bank cards into a single card, has partnered with accounting software Xero to remove much of the friction involved in filing expenses.


BetaKit

Stack partners with STK Global Payments to allow POS cryptocurrency payments

Stack will implement STK Tokens, allowing customers to make payments at POS in brick-and-mortar stores.


Forbes

FinTech startup Yoco is making payments in South Africa go mobile

Yoco, which enables SMEs to accept card payments and provides card readers to merchants, say its growing by 1,200 merchants a month and processes over R1 billion in transactions per year.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.