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.
Toby Triebel, who previously co-founded online lending platform Spotcap, will lead Wealthsimple’s UK business.
“Talking to your customers is totally worth it. That’s how we learned.”
PayPal said the new “instant transfers” service will be available at a rate of $0.25 per transaction, and will deliver funds in a matter of minutes
The securities regulators of Australia and Japan have inked a FinTech pact to better facilitate industry startups and companies to enter each other’s markets.
The Toronto-based firm is also establishing a Montreal presence with the addition of financial industry veteran Maor Amar.
Visa’s Everywhere Initiative, an innovation program designed to encourage the development of the “next big thing” in payments, will expand into the Middle East and North Africa region.
Amazon is the tech giant most likely to become a dominant player in FinTech, according to James Lloyd, Ernst & Young’s FinTech lead.
SWIFT provided the funding to FinTechs around the world to develop new overlay services that utilize SWIFT’s new global payments innovation (GPI) platform.
Simply Wall St. raises $1.8 million from its own customers to build out investment advisory services
The financing came not from traditional venture investors, but from the firm’s own clientele of high net worth individuals who have been pushing for a more robust set of services from the automated financial advisory app.
Finn.ai was selected as a top 10 finalist from a pool of 1,000 entrants from across 37 countries.
The funding, which comes from Anthemis Group and Connect Ventures, will be used to expand the TrueLayer team and increase coverage of supported banks before it expands beyond beta testing later this year.
Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start, and R204 Partners.
The company said that the acquisition will also help it save on operational costs.