F|T: The FinTech Times – Should banks fear tech giants?


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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STACK FinTech Times

Canadian Securities Administrators says ICOs must consider securities laws(BETAKIT)

The CSA says that many offerings it has reviewed constitute securities.

STACK RECOMMENDS: It’s the Canadian way to pay too much for financial products(THE GLOBE AND MAIL)

“Not shopping around for financial products can cost you tens of thousands of dollars over a lifetime. So why are Canadians so reluctant to explore alternatives? Rob Carrick explains.”
– Miro Pavletic, CEO and co-founder of STACK

Subscribe to The AI Times Newsletter(BETAKIT)

The biggest AI, machine learning, big data, and automation news from around the globe sent your inbox every week.

WEF: Tech giants Amazon & Facebook more disruptive to banks than FinTech startups(CNBC)

A new report by the World Economic Forum found that banks were significantly lagging behind tech giants in the development of technologies like cloud computing, artificial intelligence, and big data analytics.

Wealthsimple launches new portfolio to help Muslims invest according to Islamic principles(BETAKIT)

Wealthsimple designed the portfolio using a methodology approved by global data index MSCI’s committee of Shariah scholars.

Mortgage tech outfit Blend raises $100M(FINEXTRA)

Blend, a consumer lending company, raised a $100 million Series D round from Greylock Partners, with participation from Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners.

Bank of America applies AI to streamline client payment processing(FINEXTRA)

Bank of America is working with FinTech startup High Radius to apply AI to corporate processing of accounts receivables. The application is designed for large or complex companies that manage a large volume of payments.

Paycase plans to launch Canadian Bitcoin Exchange by end of year(BETAKIT)

Paycase plans to open to the general public in just under two months.

FIS and Equifax unveil OnlyID(FINEXTRA)

OnlyID is an identity verification solution that provides a higher level of account protection and personal control through a single, secure digital log-in, consisting of the consumer’s thumbprint or another unique identifier.

Financial innovation labs: bank transformers or shiny objects?(VENTURE BEAT)

“Can a lab alone help financial institutions overcome a dominant regulatory environment and traditional business strategies to achieve a more nimble and creative identity?” asks Shari Van Cleave of Wells Fargo.

Barclays rolls out Siri integration for voice payments(FINEXTRA)

Barclays is set to become the first UK high street bank to launch payments using Apple’s virtual assistant, Siri, enabling customers to make payments using their voice.

Flinks partners with Merchant Advance Capital(BETAKIT)

Merchant Advance Capital partnered with Flinks to reduce loan approval time for its customers.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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