FinTech Ventures Fund, announced today pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that it has acquired ownership of 8,878,905 common shares ("Common Shares") of IOU Financial Inc, pursuant to a Share Purchase Agreement dated December 31, 2015, between FinTech and Qwave Capital.

Blockchain and T2S

While T2S went live in the middle of this year, only a handful of CSDs, including ourselves and Italy’s Monte Titoli have actually joined. The project has been subject to repeated delays, and some have even speculated that it risks being compromised by fast evolving disruptive technologies in 2016, such as blockchain. Blockchain has been identified as a potential threat to T2S as it could revolutionise clearing and settlement.

Startupbootcamp InsurTech, the leading accelerator focused on Insurance innovation, announces new partnerships with LV= and Swiss Re. Startupbootcamp InsurTech welcomes them on board to provide the expertise, exposure channels, APIs and access to a network of industry professionals that most early-stage insurance startups would not otherwise be able to access.

Throughout 2015, many in our industry would no doubt have agreed that MiFID II was fast becoming the single most important EU legislation initiative. With the unofficial – but likely – delay until January 2018, the impact of MiFID II remains far-reaching, but at least this may allow for a more orderly implementation. As the new year begins, it’s time to review some of the other EU initiatives that will likely gain more attention in 2016.

BrilliantTS embraces the plastic credit card and turns it into all-in-one payment solution.

 2C2P teamed up with SafeCharge International Group Ltd, a leader in advanced payment technologies.

Financial IT speaks to Andre Casterman, Global Head Corporate and Trade Market, SWIFT at Sibos 2015.

Financial IT speaks to Herve Lacorne, CEO, Trade Solutions at Sibos 2015

Elavon, a leading payments solution provider in Canada and subsidiary of U.S. Bancorp (NYSE: USB), now offers its customers access to Apple Pay™. Following the recent launch of Apple Pay in Canada for American Express cardholders, Elavon is among the first payment processing companies to offer Apple Pay to Canadian businesses.

EchoSat announced today that it has acquired the SmartLink™ division of Heartland Payment Systems (NYSE: HPY), one of the nation’s largest payment processors. With the addition of Heartland SmartLink’s Secure Payment Gateway (SPG) and managed network services, EchoSat will serve more than 21,000 merchant locations in the petroleum/convenience store, quick service restaurant and supermarket industries.