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North America

News RoundupNorth AmericaOnline Lending
·Apr. 7, 2017

Small Business Lending Environment in Canada

Panel explores a diverse set of small business lenders based in Canada; topics covered include the differences of regulation, underwriting, and views on traditional banks between Canada and the rest of the world; Canada has five large banks which control a majority of the market which makes it hard to build a brand as an alternative lender; panelists answer how they can overcome this challenge and scale their business; they also share their thoughts on the current market opportunity and what the future holds for fintech companies in Canada.  Source

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News RoundupNorth AmericaOnline LendingUSA
·Nov. 16, 2016

SoFi and Protective Launch Life Insurance Offering

In a press release this week, marketplace lender, SoFi, provided more details on its partnership with Protective and announced the launch of a new term life insurance offering for millennials; product provides life insurance for up to $1 million and features a 20 minute application and approval process.  Source

 

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American Express and Square
Fintech
·Nov. 30, 2022

Square adds American Express cards for sellers

American Express and Square announced on Nov. 16 a plan to launch a new credit card explicitly built for Square sellers on the AmEx network.
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FintechNews RoundupNorth AmericaUSA
·Nov. 28, 2016

Stripe Raises $150mn, Valuation Doubles to $9.2bn

Stripe, the most valuable fintech startup, has raised another $150 million and is now valued at $9.2 billion; the new round is being co-led by CapitalG, an investing arm of Alphabet Inc., and General Catalyst Partners; Sequoia Capital is also reported to be participating; Stripe is used by businesses to accept and track digital payments.  Source

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FintechNews RoundupNorth America
·Mar. 29, 2017

TD Bank and Moven Broaden Terms of Exclusivity Agreement

Moven has agreed to extend its exclusivity rights with TD Bank in Canada for another five years and broaden the agreement to the US; the exclusivity rights in the US are likely to result in a US launch of the partnership's money management tool, the MySpend app, which allows users to track spending and receive notifications; expansion of the white label app from Brett King's Moven is expected to add significant value for the fintech firm.  Source

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Fundraising
·Jun. 20, 2022

The future of finance is hybrid: Endaoment raises $6.67 million

Endaoment announced the completion of a combined fundraising round of $6.67 million in a mix of charitable donations and investment capital.

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FintechNews RoundupNorth America
·Apr. 25, 2017

U.S. Bank and Bank of Montreal Share Their Plans for Technology Investment

U.S. Bank and Bank of Montreal are investing in digital technology to overhaul their websites, mobile apps, call centers and ATMs; the two companies shared their plans with American Banker; common themes from both companies include: 1) invest in what customers are dissatisfied with 2) make incremental enhancements 3) create a unified customer experience 4) establish an innovation team and 5) test emerging technologies. Source

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EuropeFintechNews RoundupNorth America
·Feb. 24, 2017

UK Financial Conduct Authority and Ontario Securities Commission Sign Agreement on Fintech

The UK Financial Conduct Authority and Ontario Securities Commission will now partner on fintech innovation; an agreement between the two agencies will help facilitate expansion for financial technology companies; both agencies will support cross-border business growth and will also share information on trends and regulatory proceedings.  Source

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Large group of women at event
Fintech
·Apr. 12, 2022

WCF tackles the issue of diversity head-on

The Women in Consumer Finance Conference is an annual event that actively targets the issue of diversity within the financial services sector. By organising three days of personalised engagement activities attendees are delighted at its impact.

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