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Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. NorthOne , a FinTech firm that focuses on small business owners, is one of the companies that call the city home. Funding rounds and exits have followed suit.”

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SME App Seed Gets Rid of Monthly Fee

Bank Innovation

EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers. The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free.

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Banking startup Level enters the high-yield savings race

Bank Innovation

Level, a digital banking startup based in San Francisco Calif., The company, which launched its products nationally Wednesday, is coming into the market as fintech startups like Wealthfront, Betterment and Varo are touting high-yield savings accounts to vie for market share. is trying to hook customers with a 2.1%

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. the San Francisco-based online bank, had the last laugh. Varo is the first consumer FinTech to receive a new national bank charter from the U.S.

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Revolut Brings Open Banking To Germany In Deal With TrueLayer

PYMNTS

Earlier this year, the European digital bank had taken on Ireland, France and Italy. In a press release, Revolut said the latest expansion would bring open banking to its users in Germany. Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company.

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Silicon Valley’s Plaid Heads to the U.K., Undeterred by Brexit

Bank Innovation

Fintech startup Plaid Inc. Founded in 2012, San Francisco-based Plaid helps customers and banks transmit data back and forth. is expanding its footprint into the U.K., a region it believes could eventually match the U.S. in terms of revenue, despite political uncertainty.

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This Week In Payments: Alternative Credit Ramps Up Ahead Of The Holidays; Revolut Reportedly Near Applying For US Banking License 

PYMNTS

It’s been another busy week in the world of payments and commerce, with the expansion of installment point of sale (POS) credit and digital banking. banking license. Digital Banking Innovation . banking license. With the latest innovations in digital banking, that, of course, could change.

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