F|T: The FinTech Times – VC appetites

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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

LendingArch enters Canadian FinTech space with customized loan platform

LendingArch was founded by Arti Modi and Raj Singh; Modi is also a co-founder of OmniArch, an investment firm that manages over 5,000 Canadian investors and $400 million in portfolio assets.



Wealthsimple

How To Know What Kind of Mortgage You Can Afford

When buying a house, it’s not how much you can pay every month; it’s how much you should pay if you’re being smart with your money. (sponsored)



BetaKit

BMO and DMZ partner to launch four-month Next Big Idea in FinTech program

The program will provide six startups with a four-month placement at the DMZ, an opportunity to pilot their technology with BMO.



Finextra

Bitcoin exchange Bitstamp wins Payment Institution status

Luxembourg has granted Payment Institution status to European cryptocurrency exchange Bitstamp, providing the firm with a passportable license in 28 EU member states.



Independent

Facebook payment system will change banking forever, but it comes with its own price tag – your privacy

If you know where people have been, what sites they visit, what apps they download, and also their spending habits, you know a massive amount about them – much more than their bankers, the credit and debit card companies.



American Banker

FinTechs’ Goals Are Changing, VCs’ Appetite Is Not

As the FinTech market matures, the dollars invested are shifting from startups that position themselves as disruptors to those seeking to collaborate with the financial services industry.



TechCrunch

Plastiq lets you pay any bill with your credit or debit card just by snapping a photo

With a heavy focus on bill pay, the company first launched its service in Canada to test the market, and then brought its web application to the U.S. last year.



Finextra

The digital interface is the future of banking

Peter Dalton, group general manager, innovation at ANZ, believes the next FinTech revolution will be in the customer interface.



Financial Post

Manulife to use blockchain technology at U.S. wealth management division

The Canadian insurer’s U.S. division John Hancock announced a collaboration with ConsenSys and BlockApps.




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Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.