Bank of Canada’s Ron Morrow: FinTechs “need to be ready” for upcoming retail payments regulations
Morrow expects the Bank will begin registering payments service providers in 2024.
fintech
F|T: The FinTech Times – Vitalik Buterin at the crypto cabana
Plus: Biggest Africa startup battles multiple allegations in IPO runup.
Can FinTech help Canadian Muslims with financial access?
Culture, compliance, and regulatory roadblocks are leaving Canadian Muslims underbanked.
CIBC latest Big Six bank to partner with a FinTech on private open banking API
CIBC pens data access agreement with Utah-based MX.
F|T: The FinTech Times – Wealthsimple’s growth stalls, Robinhood’s retail investors flee
Plus: Kirk Simpson, Peter Carrescia team up with an idea to disrupt the digital identity space.
F|T: The FinTech Times – Clearco, Coinsquare cut staff as Portage launches new late-stage fund
Plus: Caisse needs to explain its risky bet on crypto lender Celsius.
Portage Ventures rolls out new late-stage FinTech fund, aims to raise up to $1 billion USD
Amid downturn, Portage sees chance to fund FinTech firms reluctant to take valuation hit.
F|T: The FinTech Times – The bottom fell out of Canadian FinTech
Plus: Former Coinbase manager arrested for insider trading.
The bottom fell out of Canadian FinTech funding in Q2 2022
Q2 2022 saw a dramatic 70 percent drop in FinTech funding YoY.
F|T: The FinTech Times – A Caisse of bankruptcy
Plus: Stripe cuts internal valuation by 28 percent.
F|T: The FinTech Times – Vena customers allege SOC compliance falsehoods
Plus: Voyager account holders likely won’t get all their crypto back.
F|T: The FinTech Times – Klarna and Stripe’s valuations drop, Three Arrows in free-fall
Plus: Coinbase providing “Geo Tracking Data” to ICE.
FinTech chatbot startup Finn AI gets acquired by former partner Glia
Finn AI has also worked with Visa, BMO, and ATB Financial.
F|T: The FinTech Times – Crypto abandons Collision
Plus: Jeeves launches venture capital alternative for startups.
F|T: The FinTech Times – Wealthsimple, Coinbase, WonderFi make staff cuts
Plus: Wave CEO Kirk Simpson to step down three years after acquisition by H&R Block.