Canada

Canadian Fintech WealthSimple to Exit UK Market

Digital wealth management platform Moneyfarm has confirmed that it will acquire Wealthsimple’s UK business book. Wealthsimple UK has reportedly agreed to transfer its 16,000 UK clients to Moneyfarm by the end of January 2022. The Canadian Robo-advisor said it would no longer be offering its… Read More

Katipult Adds to Board of Directors

Katipult (TSXV: FUND), a cloud-based private investment service for platforms, has announced that George Reznik has joined its board of directors, assuming the position of Chair, Audit Committee. Reznik is CFO of Tantalus Systems and is said to have more than twenty-five years of experience… Read More

Wise Card Launches in Canada

Wise (LSE:WISE), formerly doing business as Transferwise, has launched its “Wise Card” in Canada. Wise states that Canadians may now spend money around the world and shop online knowing they’re getting the best exchange rate along with low fees. Wise started as Fintech focusing on… Read More

Digital Documentation Specialist Arteria AI to Acquire Financial Services Business Assets of H4

Enterprise digital documentation specialist Arteria AI has reportedly agreed to acquire the financial services business assets of H4, which is a contract lifecycle management platform. As noted by its management, Arteria AI builds data-centric end-to-end Contract Lifecycle Management solutions powered by AI. Their flagship platform… Read More

Interac Chooses Microsoft Azure for Virtual Payments Solution Development in Canada

Interac Corp. has announced an agreement with Microsoft (NASDAQ: MSFT) in order to use Microsoft Azure‘s cloud capabilities to securely manage the “continued growth of digital transactions, enabling greater innovation and ultimately faster payments.” As a key player in Canada‘s payments ecosystem, Interac has seen… Read More

Payables Automation Fintech Tipalti Looking to Expand Professional Team in 2022

Tipalti, a global, scalable payables automation solution provider for high-velocity companies, is reportedly recruiting talent for its new location, looking mainly for Account Executives, Sales Development Reps, Solutions Consultants, Alliances and Sales Operations. Tipalti claims to be the only international payables automation solution for enhancing all… Read More

Canadian Fintech Borrowell Celebrates Financial Literacy Month, 2M Customers

Canadian fintech Borrowell announced this week that more than two million Canadians are now members of its platform. This announcement comes during Financial Literacy Month in Canada, as Borrowell continues its mission to educate and empower consumers to take control of their financial health. “At… Read More

Metaverse Group Acquires Coveted Decentraland Real Estate in $2.4M Virtual Deal

If you think you’re getting priced out of physical real estate, you’d likely be doing even worse online. This week, Canadian company Tokens.com announced its subsidiary Metaverse Group acquired a 116-parcel, 6,090 square-foot estate in the heart of Decentraland’s Fashion Street district for $2.4 million…. Read More

Contactless Payments: TransLink, Interac Corp., Cubic Transportation Systems to Integrate Interac Debit Option

TransLink clients should soon be able to use Interac Debit to “hop on transit.” As mentioned in the announcement, TransLink, Interac Corp., and Cubic Transportation Systems are working cooperatively to “integrate Interac Debit onto the system to give customers more contactless payment options.” By the… Read More

How OARO is Capitalizing on Blockchain in Financial Services, Supply Chains and Identity Verification

The use of digital services has many applications in the world of finance, especially when you incorporate blockchain technology, and one of the companies using these technologies to benefit business is OARO. Founded in 2017, OARO is a Canadian company with offices in Halifax, N.S.,… Read More

Bank of England Financial Policy Member Addresses Booming Crypto Ecosystem and Need for Better Regulation

Bank of England External Member of the Financial Policy Committee Carolyn A. Wilkins will deliver a speech to the Québec Autorités des marchés today. The text of her speech has been released in advance of the presentation and she will be addressing the booming crypto… Read More

El Salvador Connects Volcanoes to Blockstream Satellites, Fidelity Now Canada’s First Institution Focused on Bitcoin Custody: Report

The team at Blockstream notes in a report that Bitcoin is on track for its worst weekly drop in over 6 months. Blocktream writes in a blog post that declines this past week looked to be driven by “continued deleveraging and perhaps also exacerbated by… Read More

Canada’s CoinSmart Financial Inc. Announces Launch of Mobile Trading App for iOS, Android

CoinSmart Financial Inc., which claims to be one of Canada’s leading digital asset trading platforms, has announced the launch of its mobile trading app for iOS and Android devices. The new mobile app aims to improve the onboarding, digital asset purchasing, selling, and trading process… Read More

Square Enlists Marqeta to Launch Square Card in Canada

Square (NYSE:SQ) has asked Marqeta (NASDAQ: MQ) to assist with its expansion in Canada. According to a company statement, Marqeta is powering the launch of the Square Card in Canada. Square is a Fintech that provides payments, including POS transactions, along with a growing number… Read More

Neo Financial, a Rare Central Canadian Fintech Success Story, Receives $1.6M for Training

Neo Financial, a Canadian fintech based in Winnipeg, Man., has made great strides since its founding in the fall of 2019. This week Neo Financial received $1.6 million from the Province of Manitoba’s Industry Expansion Program to train 300 new and 32 existing employees in… Read More

ID Verification Platform Trulioo Reports that 87% of Compliance Professionals Say Digital Identity More Important Now Following COVID Outbreak

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

Payments Canada Survey: Consumers Are Optimistic About their Financial Wellbeing

Even though there has been considerable economic uncertainty due to the COVID-19 outbreak, recent data from Payments Canada reveals that the nation’s residents feel that the worst might be behind them and are fairly optimistic regarding their financial wellbeing. Although 56% stated that they spend… Read More

Crypto Exchange CoinSmart is Now Registered as a Restricted Dealer Across Canada

CoinSmart Financial Inc., a digital asset trading platform has announced that its wholly-owned operating subsidiary Simply Digital Technologies Inc. is now registered as a restricted dealer under securities laws across Canada. CoinSmart notes that it is one of a few platforms that trade crypto to… Read More

Bitcoin Goes Green as Mogo Introduces Climate-Positive BTC

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a virtual payments and financial tech firm, has introduced ‘green’ Bitcoin, an initiative which “makes all Bitcoin purchased on the Mogo platform climate positive.” For every Bitcoin bought via its platform, Mogo will plant “enough trees to completely offset the CO2… Read More

Mackenzie Investments Chooses Bloomberg to Enhance ETF Management

Bloomberg reveals that Mackenzie Investments, a Canadian asset management company, has adopted PORT Enterprise, which is Bloomberg’s portfolio analytics and risk management solution, in order to support its (exchange-traded-fund) ETF business. Mackenzie also uses Bloomberg AIM, an order management solution, in order to support its… Read More

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