With no open banking update in #Budget2023, FinTech executives are increasingly jaded about timeline for delivery
Working groups resume April 14th, but open banking lead departs in September.
FinTech
F|T: The FinTech Times – FreshBooks cuts 10 percent of staff to target profitability
Plus: Jack Dorsey’s Block accused of facilitating fraud.
Québec budget aimed at stimulating the economy with investments in tech sectors, skilled labour
Cleantech, FinTech, AI, and quantum sciences are getting attention.
FreshBooks lays off 10 percent of staff as company targets profitability
FreshBooks’ second round of layoffs since December sees third C-suite exec depart in past year.
F|T: The FinTech Times – Signature Bank collapse another blow to crypto
Plus: SVB Canada forced into liquidation, paving way for auction
After losing $10,000 in crypto, Staging Labs co-founder developing solutions to protect digital assets
Staging Labs secures $1.1 million to protect crypto wallets against scams, fraud.
Regulators force Silicon Valley Bank Canada into liquidation, paving way for auction
Wind-up follows OSFI taking control of SVB Canada earlier this week.
F|T: The FinTech Times – Stripe looks to raise another $6 billion
Plus: How the Silicon Valley Bank shutdown might impact Canadian tech.
As regulators take over SVB Canada, companies still have questions about impact
CCI estimates low risk for the majority of Canadian companies.
How the Silicon Valley Bank shutdown might impact Canadian tech
The SVB run is done. What comes next?
Synctera secures National Bank funding, partnership to bring banking-as-a-service platform to Canada
Synctera helps FinTechs build and launch compliant financial products debit and lending.
Intuit, Highline unveil 2023 cohort of joint FinTech accelerator
Toronto-based Chexy and Carbonhound among the group of startups chosen.
F|T: The FinTech Times – Bad news comes in threes for Dapper Labs
Plus: Roham on the hot seat.
Uplinq partners with World Bank Group-linked global network to educate on financial inclusion
FinTech recently raised $820,000 CAD for its global credit assessment platform.
F|T: The FinTech Times – Canadian regulators tighten crypto rules as Dapper Labs cuts staff, faces class action
Plus: Ant profit falls 83 percent.