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“Banks globally serve no sector worse than we do small businesses,” says BMO’s head of commercial banking.
STACK RECOMMENDS: Shopify, Google among 30 companies committing combined $80 million over 10 years to Vector Institute(BETAKIT)
“We have some of the best talent and leaders in the world….and we’re getting all the right attention.”
– Miro Pavletic, CEO and co-founder of STACK
HSBC partners with Tradeshift as banks increasingly see FinTech as friends not foe(BUSINESS INSIDER)
The two firms are working together to allow buyers to automate and digitise paper-heavy supply chain processes from all their suppliers and organise supply chain financing in one place.
Robinhood’s huge fund raise, led by Yuri Milner investment vehicle DST Global, will fuel its attack on old brokerage firms that charge around $7 to $10 per trade. Just don’t call it free trading.
The new digital platform MyAdvisor is a product of RBC’s Toronto-based innovation lab.
The Bahrain Economic Development Board has joined Dubai-based advisory firm Trucial Investment Partners to ink a partnership with the Singapore FinTech Consortium to further its blockchain expertise.
The Bank of America is committing the money over three years to “help formalise and launch” Charlotte, North Carolina’s efforts to build up a FinTech hub.
The funding, which came from a group of undisclosed angel investors, will be used to boost soCash’s sales team to tap into more banking networks and expand to new regional markets.
Everything you want to know about how AI is transforming banking but were too afraid to ask(BOBS GUIDE)
The rise of AI is set to change the way banks and financial services operate, as well as the way consumers approach their personal banking
Dublin FinTech player ClaimVantage raises €2m(SILICON REPUBLIC)
The funding, which came from the Davy EII Tax Relief Fund 2015, will be used to finance ClaimVantage’s Asia-Pacific expansion.
Goldmoney has expanded its product presence around the world to countries like Brazil and China. The company will also allow users in Canada and the US to purchase gold via Apple Pay.
OOjiBO, which offers a full stack solution that allows the unbanked to make digital payments even without data, raised the funds from Centurion Private Equity.
Using FinTech and RegTech solutions to unify processes and systems, enforce requirements, and centralize data might help auditees feel more confident as they approach an audit or regulatory exam.
The AI in FinTech market map: 100+ companies using AI algorithms to improve the fin services industry(CBINSIGHTS)
CB Insights formed a list of companies that are using AI in financial services and mapped them according to the areas where they’re operating.
In South Korea, Trulioo’s product will be used to help register for a bank account, e-commerce, online transactions, and accessing government services.
SelfScore, which uses machine learning to determine the creditworthiness of international students in need of a credit card, has launched a new card with a much higher spending limit in a very different political climate.
Forbes contributor Madhvi Mavadiya says the country she believes has the most potential to become the FinTech center of the world is Singapore.
AI and IoT now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture shows.
Restaurants in Australia can now use the Square integration to “help improve their operations and deliver exceptional customer service,” said TouchBistro CEO and founder Alex Barrotti.