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.
Other participants include National Australia Bank and Exhibition Ventures.
EMPIRE STARTUPS RECOMMENDS: Koho’s Daniel Eberhard says FinTech success is about understanding customers’ psychology(BETAKIT)
Eberhard spoke with Empire Startups about Canada’s FinTech landscape.
The company said that in the last year, it has grown its MRR by 150 percent.
First Data acquires CardConnect (BETAKIT)
First Data is set to acquire payment processor CardConnect for $750 million in cash.
Deutsche Bank is making a big bet on the future of finance(BUSINESS INSIDER)
The German bank is making a push to advise FinTech companies with the recent appointment of Tommaso Zanobini as its global head of financial technology.
Project Jasper urges private-public sector collaboration to bring blockchain into financial system(BETAKIT)
Project Jasper is an initiative including Canada’s financial institutions, with the goal of understanding how distributed ledger technology can change the future of payments.
HSBC boards the robo-advice train(FINEXTRA)
The bank says its new robo-advice service – which is set to launch by the end of the year – will make wealth management advice available at a fraction of the cost to those with a small amount to invest.
Vanbex’s seed round comes from Boris Mann and Adrian Jonklaas, co-founders of Vancouver-based Frontier Foundry, with participation from other investors.
MoneyLion’s redesigned app gives personalized financial advice and instant access to personal loans(TECHCRUNCH)
Users who are looking to borrow from MoneyLion can also now get a loan approved in as little as 15 seconds, and have funds in their account as quickly as the same business day.
The investments were led by India’s Wadhawan Global Capital Pvt Ltd, and Northzone, a European venture capital fund specialising in fast growth technology companies.
Beanworks, which allows accounting teams to automate redundant tasks, raised the round from Vancouver Founder Fund and TIMIA Capital.
Harnessing and embracing global digital disruption will distinguish the growers and survivors from the casualties in the financial services industry in the years ahead.
The online challenger bank is looking to invest €10 million over a two year period to boost lending to SMEs in Portugal.
Long overshadowed by their consumer counterparts, B2B payment firms are seeing greater interest from venture capital, private equity, and strategic investors.