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“It’s beyond just making the DMZ great, it’s also making the city of Toronto great,” said DMZ executive director Abdullah Snobar.
“With most of the elements required to be a global leader in the industry, what Canada needs now is a FinTech champion.”
– Miro Pavletic, CEO and co-founder of STACK
“When you’re in financial services and you’re in tech, you’re a startup…what you’re building is trust,” said Christian Ali, chief marketing officer at Dream Payments.
“Could DLT underpin an entire wholesale payment system? The answer is maybe one day, but there remain many hurdles to overcome,” wrote Carolyn Wilkins, senior deputy governor at the Bank of Canada, and Gerry Gaetz, president of Payments Canada.
Over 40 financial institutions participated in the $107M round, including top member investors SBI Group, Bank of America, Merrill Lynch, and HSBC.
Kin will be created as an ERC20 token on the Ethereum blockchain, and will be integrated into Kik as the primary transaction currency.
Don’t worry, there’s already a new suitor on the horizon.
NGX has collaborated with Nuco, a digital infrastructure provider, to build a new system using Distributed Ledger Technology to improve the tracking of natural gas flows at delivery locations in the United States.
Soft Space, which works with enterprise customers to offer customized mobile payments solutions, raised the funds from Japan-based Transcosmos.
Android Pay will reportedly work with major credit and debit cards in Canada.
Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.
Almost two-thirds of respondents are even more anxious about tech like artificial intelligence and self-driving cars.
The round was led by Data Collective, with participation from Fenway Summer, Nyca, and Work-Bench as investors.
Long Game, a personal finance app that encouragers users to save money while winning prizes, raised the funds from Collaborative Fund and Thrive Capital, among others.
Twelve members of Forbes Finance Council talk about their favorite financial technology tools and software and how they can cause a shift in the current financial services market.