F|T: The FinTech Times – FinTech’s next wave

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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

Stripe launches service allowing Canadian businesses to process payments in 130 currencies(BETAKIT)

It’s only been six months since the rollout of Stripe Instant Payouts this past September, but Canadian businesses using the platform just got another upgrade.

STACK RECOMMENDS: ‘We do it because our jobs are at stake’(CBC)

A CBC report about TD employees pressured to meet high sales revenue goals has touched off a firestorm of reaction from TD employees across the country — some of whom admit they have broken the law at their customers’ expense in a desperate bid to meet sales targets and keep their jobs.

Underserved FinTech fund raises $141 million(FINEXTRA)

US non-profit Accion International and VC Quona Capital raised the funds from institutional investors to support FinTechs that improve the availability of financial services for the underserved.

It may be another record year in China for FinTech, Accenture says(BLOOMBERG)

According to Accenture, Chinese FinTech investments this year may exceed 2016’s record $10 billion as companies continue to raise funds for expansion and big banks grow their digital services.

The impact of blockchain goes beyond financial services(HBR)

The technology most likely to change the next decade of business is not the social web, big data, or the cloud. It’s blockchain, the technology behind digital currencies like Bitcoin.

Dream Payments announces $10 million Series A for US expansion(BETAKIT)

The Series A was led by FairVentures, the innovation investing arm of Fairfax Financial Holdings, Connecticut Innovations (CI), and Real Ventures, with participation from angel investors.

Why AI will determine the future of FinTech(THE NEXT WEB)

FinTech is being aimed at empowering smaller organizations and consumers, and AI is expected to make its benefits accessible to a wider audience.

Atom Bank raises $102M at $320M valuation for a mobile-only bank for millennials(TECHCRUNCH)

UK-based Atom Bank, which provides a mobile-only bank targeting millennials, raised the funds from BBVA, the Spanish bank, and owner of US-based Simple.

RBC now allows customers to send e-transfers with Siri(BETAKIT)

Once users install the updated app to their Apple device, sending money using Siri is as simple as saying, “Hey Siri, send Rose $20.”

Qapital raises $12M to expand its FinTech app into more areas(PYMNTS)

This Series A was led by Industrifonden, Northzone, Rocketship VC, and Anthemis Exponential Ventures. Qapital’s app allows users to integrate their checking, savings, and credit card accounts.

FinTechs need to go solo(BUSINESS INSIDER)

For some time now, it’s been clear that the more FinTechs rely on third parties instead of building their own systems, the more potential problems they invite.

Singapore and Abu Dhabi sign FinTech co-operation agreement(FINEXTRA)

Singapore and Abu Dhabi have inked an agreement to support FinTech startups entering each territory and undertake joint project on the application of new technologies in finance.

Calgary companies breaking ground in hot FinTech sector(CALGARYHERALD)

Could Calgary become a Canadian hub for FinTech, the latest hot sector to capture the imaginations of investors and entrepreneurs alike?

FinTech startup Current announces $3.6M raise with eye on payments and banking space(HUFFPOST)

The seed round was backed by Expa, Human Ventures, Future Perfect Ventures, and other investors.

FinTech’s next wave(FORBES)

Forbe’s finance council says the next wave of FinTech will be more collaborative and cooperative than the first wave.

FinTech companies are in ‘full-scale battle for talent’— here are the hardest jobs to fill(BUSINESS INSIDER)

Britain’s booming FinTech sector is facing a skills shortage, according to data from job listing site Indeed.com, with many job listings going unfilled after two months.


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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