Tag: fdic

Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
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Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection

 Author: George Holt  Published Date: May 16, 2023

When SVB collapsed, US depositors could only insure up to $250,000. Wealthsimple is set to offer its users three times more deposit insurance coverage…

Continue Reading Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm
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CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm

 Author: George Holt  Published Date: March 16, 2023

Longer-term impact of SVB fallout has some in Canadian tech worried. While Kim Furlong admits that actions taken by regulators appear to have assuaged…

Continue Reading CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm
Bank of Canada
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F|T: The FinTech Times – Why Bank of Canada’s Ron Morrow says FinTechs “need to be ready”

 Author: George Holt  Published Date: August 22, 2022

Plus: Crypto firm FTX gets warning from FDIC to stop ‘misleading’ consumers about deposit protection. Welcome to the FinTech Times, a weekly newsletter covering…

Continue Reading F|T: The FinTech Times – Why Bank of Canada’s Ron Morrow says FinTechs “need to be ready”