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.
University of Toronto launches financial innovation hub for its students(BETAKIT)
The Rotman FinHub will develop opportunities for students to learn about machine learning and blockchain.
Singapore’s community-led crypto-FinTech startup Change raises US$17.5M via tokens sale(E27)
The startup will use the funds to develop its upcoming digital wallet, banking card and mobile app.
Credit Suisse acquires majority stake in automated lender Tradeplus24(FINEXTRA)
Founded in March 2016, Tradeplus24 has developed a product that offers a way for SMEs and mid-market companies to increase their working capital and lend against account receivables.
First Data acquires BluePay Holding (PYMNTS)
A provider of technology-enabled payment processing for merchants in the U.S. and Canada, BluePay was one of First Data’s largest distribution partners with a strong focus on software-enabled payments and card-not-present transactions.
Canadian Payments Innovation Forum says collaboration continues to drive FinTech innovation(BETAKIT)
“A lot of payment strategies are coming out of these partnerships.”
Deposit Solutions closes $20 million investment round(FINEXTRA)
Deposit Solutions, an open banking platform for deposits, raised the funds from existing shareholders e.ventures and Greycroft.
How AI is changing FinTech (HUFFPOST)
AI has taken the tech world by storm, allowing companies to cut costs, automate a variety of their processes, as well as boost their bottom line.