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Wealthsimple receives conditional approval from regulators to test crypto platform (BETAKIT)
The approval was granted under the CSA’s sandbox program, which allows firms to test innovative ideas without having to meet traditional regulatory requirements.
FinTech funding in Asia failed to rebound in the second quarter, report says (CNBC)
Still, overall deal activity around the world remained on a decline, according to the report.
Firm that bought MintChip technology now seeking Canadian banking licence (FINANCIAL POST)
Nanopay also continues to eye opportunities to provide digital currency for central banks, such as the Bank of Canada, which has considered the idea.
Two Canadian startups among Holt FinTech Accelerator’s 2020 cohort (BETAKIT)
Montreal-based Holt FinTech Accelerator has revealed the startups part of its 2020 cohort, which features a response to the challenges posed by COVID-19.
Jobber partners with Stripe to offer tradespeople instant payouts and flexible financing (PYMNTS)
Contractor-software company Jobber is expanding its partnership with payments platform Stripe to include flexible financing and instant payouts to North American clients.
This John Legend-backed startup uses AI to improve your credit — for free (FAST COMPANY)
Move over Apple Card. Cred.ai wants to break all credit card conventions as we know them.
While venture funding stays consistent, BC startup deal count sees Q1 decline (BETAKIT)
Venture funding in British Columbia reached $246 million over 50 deals in the first quarter of 2020, according to Hockeystick’s latest ecosystem report.
Five effects of COVID-19 on the FinTech industry (ENTREPRENEUR)
While on one hand the COVID-19 outbreak has blurred lines between banks and FinTechs and accelerated digital adoption, it has led to decline in number of alternate lenders.
What is decentralized financing? Takeaways from the first annual Global DeFi Summit (CRUNCHBASE)
The one-day summit, produced by Draper Goren Holm’s Blockchain Venture Studio, brought together the blockchain and cryptocurrency communities.
Canadian tech says continued IRAP IAP funding “critical” to sustaining business amid pandemic (BETAKIT)
Multiple tech leaders have called the NRC IRAP Innovation Assistance Program “critical” to sustaining their own businesses.
Queen’s business school offers new FinTech degree (INVESTMENT EXECUTIVE)
The Smith School of Business at Queen’s said its new Master of Financial Innovation and Technology program aims to be the first in Canada “to address the significant gap in financial technology education.”