F|T: The FinTech Times – LendDown

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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BetaKit

Former Capital One CFO Ian Hanning joins Financeit’s management team

Hanning previously served as Capital One Canada’s CFO, and over the past 12 years has also held various senior positions within Capital One’s Canadian and United Kingdom operations.


BAI

The platform dive: The merits and perils of platformification at BAI Beacon

The big P occurs when existing banks and financial institutions make a strategic move towards becoming banking platforms. Yet platformification also has two other possible — and opposite — meanings for banks. (sponsored)


BetaKit

Lendified subsidiary Vault Circle becomes first online lending business to receive Ontario Securities Commission approval

The approval, which consists of a market dealer license from OSC, will allow the company to connect investors to small businesses owners and provide them with capital.


Financial Post

OSC to launch FinTech hub to help companies navigate and possibly ‘tailor’ regulatory framework

The Ontario Securities Commission is launching a hub called LaunchPad to work directly with FinTech companies to help them navigate — and even potentially tailor — the regulatory framework.


TechCrunch

“Good guy” loan startup LendUp pays $6.3M for overcharging violations

LendUp charged customers illegal fees, miscalculated interest rates, falsely advertised loans nationwide that weren’t available there and misled people that borrowing from LendUp would boost their credit score.


Forbes

Report: The global FinTech landscape reaches over 1000 companies, $105B in funding, $867B in value

Atherton Research got an exclusive sneak peek at VBProfiles’ upcoming FinTech landscape report and it’s huge.


FinExtra

SEC to host public FinTech forum

The US watchdog is searching for insights into how the current regulatory environment can be adapted to encourage innovative ideas and new ways of working while protecting the interests of investors.


Bloomberg

Goldman says it can beat FinTech ventures with online Loan Terms

Using deposits to fund loans — rather than drawing on outside investors — will give the firm more leeway when setting terms and fees.


FinExtra

FinTech hubs go under the microscope

London, Singapore, New York, Hong Kong and Silicon valley have been ranked as the world’s top FinTech hubs, although specialist niches are emerging in Belgium, Ireland, and Shanghai.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.