We’re likely to see more carbon tracking features from banks and fintech’s soon, but are their estimates reliable, and should consumers get their hands held when it comes to sustainability?
Investment in Canadian fintech increased in 2016 while slowing in the US and UK; data from Thomson Reuters says investment in Canadian fintech reached $197.41 million, an increase of 74% from 2015; in comparison, fintech investment in the US was down 30% and fintech investment in the UK was down approximately 25%; the Canadian market is much smaller than the US and UK however its infrastructure and ecosystem are growing; political changes were also less of a factor for Canada in 2016 while the US election and UK Brexit vote created uncertainty for investors. Source
Canadian digital bank Neo Financial has raised $145.2 million (CAN$185 million) after surpassing the 1 million customer mark, the company announced.
VersaBank is a small Ontario-based bank and is planning to have digital vaults available by June to customers around the globe; the bank hired a cybersecurity expert to lead “VersaVault”; digital assets will be stored on servers all over the world; the bank won’t know what is inside and won’t be able to access the contents. Source
Five Canadian banks are leveraging Secure Technologies’ Verified.Me identity system; this includes Royal Bank of Canada, Toronto-Dominion Bank, Bank of...
Diagram has raised $25 million (USD$19.13 million) for a new fintech venture capital fund that will be led by Paul Desmarais III; Paul Desmarais is part of Quebec's Desmarais family which has built a $7 billion (USD$5.36 billion) fortune through investment in the insurance business; the new fund's initial fundraising effort has come from Portag3 Ventures LP and over 50 individual angel investors; the fund will invest in a variety of Canadian fintech companies. Source
Canadian securities regulators released what they call a staff notice on "cryptocurrency offerings"; Coindesk reports on the notice, "With the offerings that we have reviewed to date, we have in many instances found that the coins/tokens in question constitute securities for the purposes of securities laws, including because they are investment contracts."; this has now become a trend in the market as the US SEC released a report and Chinese regulators released a statement about how they view this emerging capital raising method; the statement also covers companies looking to set up funds and encourages a regulatory sandbox to be created. Source
Canadian robo advisor WealthBar now manages over CAD$100 million (USD$75.93 million) in assets under management; the firm was launched in 2014; it currently offers online onboarding, investment management, financial planning and an individual advisor; its services have also expanded to private investment portfolios and registered retirement savings plans. Source
El también empresario y CEO de Goarbit, sostuvo durante su visita al estado de Veracruz que, los gobiernos del mundo “deberían” incursionar en las criptomonedas como sí lo ha hecho El Salvador, a quien consideró “ayuda a la población” a enfrentar la escasez financiera.Patrocinado Patrocinado El candidato...
This fall's looming student debt crisis will bring the worst environment we've seen in decades. Candidly founder and CEO Laurel Taylor said there's a way out for many, but few people are aware of it.