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