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.
Coinsquare adds BMO as banking partner (BETAKIT)
Coinsquare can now use BMO to streamline the process of depositing and withdrawing funds.
Zafin Recommends: The Importance of Fair, Simple and Transparent Banking Products
Ok, so banks don’t sell iPhones. But the premise for banking products and their appeal to customers is pretty similar. Customers know exactly what they’re getting with a piece of the latest Apple gear. They don’t need to pore over user manuals to figure out how it works. And even with the high price tag, the average Apple fan feels it’s an absolutely fair value purchase.
Chargify launches a new payment management tool for subscription services
Called WhoPays, the new service is pitched to businesses as a way to consolidate and manage their payments with different subscribers in an organization.
Why Lendified prioritizes talent retention over recruitment to scale (BETAKIT)
“Tech is a race, but it’s a marathon. If you sprint at 100 miles per hour, you’re going to burn out.”
How FinTech companies are helping the failing credit card sector (FORBES)
“How can the FinTech industry provide a better service? A good example here would be challenger bank Tandem, which launched a credit card that offers cashback on purchases, no exchange fees when spending abroad and real time updates on purchases after acquiring the banking arm of Harrods.”
When to outsource and when to build in-house: RateHub.ca’s Alyssa Furtado on focus and scaling (BETAKIT)
Furtado recounts lessons from RateHub’s early days, including what she’d never do again.
Amazon Pay, Zuora partner on subscription billing (PYMNTS)
“We are excited to be working with Zuora to accelerate the Amazon Pay integration process for [its] merchants and provide a fast, simple and secure payment solution that helps grow [its] business,” said Patrick Gauthier, VP of Amazon Pay.
PayPal cash withdraws are coming to Walmart stores (ENDGADGET)
It’s the first time PayPal users will be able to take cash from their account in-store.
Klarna raises $20M from H&M, will build financing and payment services for the fashion retailer (TECH CRUNCH)
The investment kicks off a partnership between the two to build an “omni-channel” payments service spanning H&M’s physical and online storefronts.
Tencent joins forces with Brazilian FinTech Nubank (ZDNET)
Nubank has announced a strategic partnership with Chinese technology giant Tencent as part of a plan to further develop its footprint in the local financial services industry.
Clearmatics raises $12 million for blockchain R&D (FINEXTRA)
The round was led by Route 66 Ventures, with participation from private equity firm TNF Capital and XTX Ventures.