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


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STACK FinTech Times

Goldmoney announces $30 million in financing to fuel blockchain offerings(BETAKIT)

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

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

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

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

TD is also opening a cybersecurity office in Tel Aviv.

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

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.

Aviva takes majority stake in ‘robo’ investment startup Wealthify(BUSINESS INSIDER)

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.

BofA turns to Microsoft Cloud for digital transformation(FINEXTRA)

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

Square launches contactless payments and chip reader in Canada (BETAKIT)

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

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

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.

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

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.

Stack partners with STK Global Payments to allow POS cryptocurrency payments(BETAKIT)

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

FinTech startup Yoco is making payments in South Africa go mobile(FORBES)

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.


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.

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