F|T: The FinTech Times – Cloud banking in Canada

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Lagging regulation, consumer trust are inhibiting FinTech adoption in Canada(BETAKIT)

BetaKit spoke with members of Canada’s FinTech community to explore how the country can begin stepping up its game in FinTech.


How Toronto Cat Rescue is using tech to build a Tinder for foster cats(BETAKIT)

“It’s not the product itself, it’s what the product will do.”

BlueVine raises $102.5M more for banking services that target small businesses(TECHCRUNCH)

BlueVine, one of the financial services startups that has built a business specifically catering to SMBs is announcing a big round of funding, underscoring the quiet opportunity and demand that is out there.

Canadian industry regulator requires investment companies to report cybersecurity attacks(THEGLOBEANDMAIL)

The Investment Industry Regulatory Organization of Canada published new rules Thursday requiring reports within three days of a cybersecurity attack.

EQ Bank migrates core system to the cloud as it gears up for open banking in Canada(BETAKIT)

EQ Bank, the digital arm of Equitable Bank, has announced it is migrating its entire core banking system to the cloud.

Bison Trails raises $25M in funding round led by Blockchain Capital(COINTELEGRAPH)

New York-based blockchain startup Bison Trails has raised $25.5 million in a new funding round led by major venture capital firm Blockchain Capital..

Razorpay debuts credit, banking services for underbanked businesses(PYMNTS)

Razorpay, a large payments processing outfit in India, has introduced an array of new services to provide startups, businesses and gig workers in the country with credit and banking services, according to a report.

RBI crypto ban effect? This bitcoin startup’s buyout marks first acquisition in Indian crypto space(FINANCIALEXPRESS)

Majority of Indian startups including Bitcoin India, Koinex, Zebpay etc. closed operations or moved outside India or launched P2P platforms to sustain post RBI’s crypto ban on financial institutions.

Kin ecosystem surpasses one million active spenders(BETAKIT)

Canadian cryptocurrency company Kik Interactive says that the Kin ecosystem has reached over a million active-spending users.

RBC backs $20-million Highline BETA fund that helps startups sell to large corporations(THEGLOBEANDMAIL)

The new fund, co-managed with partners Lauren Robinson and Ben Yoskovitz, will look to invest between $200,000 to $500,000 in early-stage companies looking to sell their offerings to large corporations.

PayPal acquires the company behind the Honey deal-finding extension for $4 billion(THEVERGE)

PayPal announced that it has acquired Honey Science Corporation, the company that makes the popular Honey deal-finding Chrome extension, for “approximately $4 billion.”

Opera’s Africa FinTech startup OPay gains $120M from Chinese investors(TECHCRUNCH)

Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to Kenya, Ghana and South Africa.

Vancouver-based Trulioo taps Zac Cohen as chief operating officer(BETAKIT)

Two months after announcing $70 million in funding, Vancouver-based FinTech startup has announced Zac Cohen as the company’s new COO.

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.

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