Canada

Quebec’s Autorité des Marchés Financiers (AMF) to Award Grants to Researchers Studying Impact of COVID-19 on Fintech Ecosystem

The Fintech AMF – Finance Montreal Research Chair is actively looking for initiatives that explore the potential impact of COVID-19 on the Fintech industry, the Autorité des marchés financiers, or AMF (Quebec’s financial regulator), has confirmed. There are reportedly eight different research grants that will be… Read More

Canadian Online Lender LendingArch Announces Plans to Accelerate U.S. Expansion Due to Increased Demand for Loans & Debt Relief

Canadian marketplace lending platform LendingArch announced on Tuesday it is accelerating its plans to expand into the U.S. in response to the increased demand for loans and debt relief during the COVID-19 pandemic. Founded in 2015, LendingArch describes itself as a modern finance company reinventing… Read More

Canadian Fintech XTM Announces Expansion of Cashless Ecosystem With RBC & Interac

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it is using the Interac Bulk eTransfer solution offered by RBC (TSE: RY) to help its business clients facilitate near real-time payments. According to XTM, the solution allows XTM customers or Today… Read More

Legaltech: PwC Canada Chooses eDiscovery Firm iCONECT CA’s Document Processing Software to Handle Legal and Privacy Requirements

iCONECT CA Inc., a privately-held firm focused on legal technology (Legaltech) and eDiscovery, has teamed up with Big Four auditing firm PwC’s Canada division. PricewaterhouseCoopers has chosen the iCONECT document eDiscovery platform, in order to improve its ability to take care of legal, privacy, regulatory,… Read More

Canadian Fintech WealthyPlanet Joins Forces With Movies for Mommies to Launch Online Financial Planning Beta Program

WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has formed a new partnership with Movies for Mommies (MFM), a national organization of 30,000 new parents. According to WealthyPlanet, the partnership will enable the company to engage MFM members in a user Beta… Read More

Artificial Intelligence Firm, AnalytixInsight, Is Expecting its Fintech Affiliate, MarketWall, to See Increased Demand Due to COVID-19

Artificial Intelligence firm, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) recently revealed that it’s expecting its Fintech affiliate, MarketWall, to benefit from the new trend toward the increased use of digital channels, due to the COVID-19 outbreak. AnalytixInsight says that its analysis is based on Intesa… Read More

Canadian Fintech XTM Signs Additional 80 Food Delivery Stores For Today’s Card Program

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it has signed an additional 80 food delivery stores for its Today Card and Mobile Wallet program. XTM reported it continues to sign up a record number of restaurant delivery… Read More

Vaporized Crypto Exchange QuadrigaCX Sees Interim Claims of 24,436 Bitcoin, CDN $90.3 Million & More

In a document posted by EY Canada yesterday,  the bankrupt crypto exchange QuadraCX trustee posted a document indicating 16,959 individual claims for the crypto and money. Most of the funds were vaporized when founder and CEO Gerald Cotten died without sharing passwords to the accounts… Read More

Canada-based Symend, a Company Helping Financial Service Providers with Assisting Customers Struggling to Pay Bills, Secures $52 Million in Funding

Canada-based Symend, a company that helps utilities and financial service providers with identifying and assisting customers who may be struggling to pay their bills, has secured $52 million in funding through a Series B investment round led by Inovia Capital. Other investors in the firm’s… Read More

Canada Postpones its Upcoming Open Banking Review Meeting Due to COVID-19 Outbreak

Canada has decided to postpone its upcoming Open Banking review due to the COVID-19 outbreak. The Canadian government-led Open Banking policy review was scheduled to consult stakeholders on applicable standards, in order to provide better consumer data protection. The review was supposed to take place… Read More

Digital Trade Finance Solution Developer Surecomp to Allow Select Customers to Test its New API Architecture

Surecomp, an established provider of international trade finance software for banks and corporations, will allow a select group of clients to use and test its Application Programming Interfaces (API) architecture. According to a release, the newly developed API architecture has been created to work with… Read More

Canadian Fintech XTM Lists on Frankfurt Stock Exchange

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Wednesday it has listed its common shares for trading on the Frankfurt Stock Exchange (Deutsche Boerse AG) under the “7XT” symbol. XTM reported its shares will now be cross-listed on the… Read More

Digital Transformation: Canada’s Largest Banks have Spent Over $71 Billion on Upgrading Financial Technology Infrastructure

The largest financial institutions in Canada have reportedly spent over $71 billion (appr. C$100 billion) on technology since the financial crisis, in order to accommodate an increasing number of customers who now prefer to use digital banking platforms. According to several reports, the Coronavirus (COVID-19)… Read More

Canadian Tech Incubator OneEleven Permanently Shuts Down Due to COVID-19 Economic Impact

OneEleven, a Toronto-based technology incubator, announced on Wednesday it has officially ceased operations due to COVID-19’s economic impacts. Established in 2013, OneEleven describes itself as home to a community of high-performing technology scaleups, with global locations that provide unparalleled access to peer networks, investment capital,… Read More

Contactless Payments: Mobeewave, a Platform for Accepting In-Person Payments with No PIN Entry, to Support High-Value Transactions

Canada-based Mobeewave, a certified platform that allows mobile app users to accept in-person payments without requiring extra hardware, is introducing several new features that aim to remove existing contactless payments limits for retailers and consumers, by using the Fintech firm’s proprietary tap-to-phone technology. Mobeewave’s payment… Read More

iComply Joins Forces With Microsoft to Enable Remote KYC & AML Verification

Canadian regtech company iComply Investor Services announced on Friday it has joined forces with Microsoft to offer its intelligent KYC and AML services through over 64,000 Microsoft solutions providers worldwide. The collaboration reportedly enables financial services providers to fast track their digital transition and enable a… Read More

Canada: National Crowdfunding and Fintech Association Calls on Government to Do More with Fintechs to Mitigate COVID-19 Impact

The National Crowdfunding and Fintech Association of Canada (NCFA) has published an open letter demanding the Canadian government to engage and leverage Fintechs to help in the battler against the COVID-19 crisis. Addressed to Canadian Prime Minister Justin Trudeau, along with several of his Ministers,… Read More

HIVE Blockchain Acquires 30 MW Cryptocurrency Operation in Canada For C$4 Million

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) recently announced it acquired 30 Megawatts (MW) Cryptocurrency, which is located in Canada, for C$4 million. 30 MW was purchased from Cryptologic. HIVE reportedly issued 15,000,000 common shares to Cryptologic, which are notably subject to a four-month lock-up agreement,… Read More

DealSquare Milestone: Achieves Full Digitalization of Private Placement Process in Canada By Launching Version 2.0 Platform

Dealsquare, securities marketplace for private placements, announced on Monday it has achieved full digitalization of private placement process in Canada by launching its Version 2.0 platform. Founded in 2019, DealSquare describes itself as a centralized digital platform to access capital within the private markets, connecting capital… Read More

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