F|T: The FinTech Times – Making friends with FinTech

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

How banks are making friends with FinTech

With the prospect of an “Uber” moment out there, banks are working to retain their customers by stepping up their own digital channels before new, agile competitors have a chance to steal them away.


BAI

A few words from BAI’s new managing editor

Can there be any doubt that we in the financial services industry live in exciting times? Perhaps that’s too tame a way to put it—for truly, these are times of historic proportions. (sponsored)


BetaKit

Visa Europe Collab partners with Vancouver-based BTL Group to explore blockchain tech for banks

The Vancouver-based BTL Group and Visa Europe Collab, the innovation hub of the global payments company Visa, have announced a partnership to develop potential applications for blockchain technology.


City A.M.

Northzone raises €300m fund and is eyeing London FinTech startups

A European venture capital firm which has previously backed Spotify, iZettle and London FinTech startup MarketInvoice, has launched a new multi-million pound fund to plough into tech startups across Europe.


Wall Street Journal

FinTech startups face dilemma on banks: are they friend or foe?

A new report this week from ratings firm Moody’s Investors Service, which evaluates bond offerings by online lenders, argues that bank partnerships can greatly benefit FinTech lenders by reducing their cost of finding customers and funding – but there’s a catch.


BetaKit

TouchBistro partners with Square to allow its users to accept Apple Pay, access loans

Toronto-based TouchBistro, a leading iOS point of sales apps for restaurants and bars in 37 countries, announced that it will soon offer full integration with mobile payments company Square.


Finextra

Hey Siri, send John $10

Apple is showcasing up-and-coming applications from Square and UK challenger bank Monzo which will enable iPhone users to transfer funds with a simple voice request via Siri.


Financial Times

Hong Kong to create FinTech ‘sandbox’ allowing bank experiments

Hong Kong’s banking watchdog will allow banks to experiment with new financial technologies that do not meet compliance standards as the city steps up its competition with regional rival Singapore.


Bloomberg

Why FinTech startups might not want to become unicorns

Striving to achieve a valuation of $1 billion or more may no longer be in a start-up’s best interest, according to recent valuation trends and the venture capitalists who invest in the space.


BetaKit

IBM joins MaRS FinTech hub to work with startups on cognitive technologies

IBM will be the first technology company in a space currently dominated by financial services companies, including LowestRates.ca and Mogo.


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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.