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TD Bank adds AI-powered chatbot called ‘Clari’ to its mobile apps (BETAKIT)
The chatbot tech leverages Kasisto’s conversational AI platform.
Plaid buys Quovo in its first major acquisition (FORBES)
With the acquisition, the San Francisco-based FinTech is aiming to expand into the wealth management market. Developers will now be able to integrate a consumer’s full financial picture into future financial apps.
PayPal launches Xoom money transfer service in Canada (BETAKIT)
With Xoom, Canadians can send money abroad, pay bills, or reload phones in more than 130 international countries.
Banking startup N26 raises $300 million at $2.7 billion valuation (TECHCRUNCH)
Insight Venture Partners is leading the round, with Singapore’s sovereign wealth fund GIC and a few existing investors also participating.
chata.ai moves into payments space, launches business intelligence integration for Stripe (BETAKIT)
Calgary-based artificial intelligence startup chata.ai has entered the payment processing market by launching an integration with online payment platform Stripe.
TransferWise applying for Brussels license in bid to navigate a ‘no deal’ Brexit
One of the benefits of EU membership, and something that has undoubtedly benefited UK FinTech startups, is so-called “passporting” of financial services. This sees a certain level of financial regulatory harmony across the EU and means that companies authorised in any EU state can offer their services freely in any other, and with minimal additional authorisation.
Square launches SDK for in-app payments (VENTUREBEAT)
Businesses can now use Square’s platform to accept payments in every major channel: brick-and-mortar, online, and on mobile.
Trading app Robinhood is stealthily recruiting ahead of planned UK launch (TECHCRUNCH)
Robinhood, the US-based “zero-fee” stock-trading app and cryptocurrency exchange, is stealthily recruiting for a new London office ahead of plans to eventually launch in the UK.
Central Bank veteran’s blockchain ‘e-money’ startup raises $2 million (COINDESK)
Monerium, which has raised a $2 million seed round, is developing a solution for transacting fiat currencies over blockchains, what it calls “e-money.”