Canada

Machine Learning Tools and Algorithms are Now being Used by Canada based Scotiabank to Help Clients Impacted by COVID-19

Canadian banking group Scotiabank has noted that its strategic investments in machine learning (ML) technologies are beginning to pay off during the Coronavirus crisis, allowing it to effectively serve clients as they try to cope with these uncertain and challenging times. Analysts at the bank’s… Read More

Canadian Crypto Mining Firm Bitfarms Closes CAD$20 Million Private Placement With U.S. Institutional Investors

  Bitfarms, a Canada-based crypto mining firm, announced on Thursday it has closed its previously announced private placement of equity securities. According to Bitfarms, the Offering was for gross proceeds of approximately CAD$20 million and consisted of the sale of 8,888,889 common shares, along with… Read More

OurCrowd’s OC50 Available in New Vehicle for Accredited Investors in Canada

OurCrowd, one of the top investment crowdfunding platforms in the world, has launched a new vehicle for Canadian accredited investors to access its OC50 fund. OurCrowd’s OC50 was created as a diversified fund to allow more investors access to highly-vetted startups across a variety of… Read More

AR Company NexTech Adds $4 Million Bitcoin to Treasury Holdings, Will List on NEO Exchange

NexTech AR Solutions (OTCQB: NEXCF) (CSE: NTAR). a Canadian firm that offers augmented reality services, has added $4 million in Bitcoin to its treasury holdings. Last week, NexTech said it planned to make an initial investment of $2million in Bitcoin. It appears that NexTech decided… Read More

Canadian Fintech XTM Issues Restricted Share Units

    XTM, a Canada-based fintech that provides mobile banking and payment card solutions, recently announced it has issued its restricted share unit (RSU) plan, pursuant to which the Company may grant options and RSUs to attract, motivate and retain directors, officers, employees, and consultants…. Read More

Virtual & Augmented Reality Experience Tech Provider NextTech Announces Plans to Make Initial Investment of $2 Million in Bitcoin

  NexTech AR Solutions (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Canada-based provider of virtual and augmented reality (AR) experience technologies and services for eCommerce, education, conferences and events, announced on Tuesday it plans to make an initial investment of $2million in Bitcoin and may add… Read More

MoneyGram Announces Five-Year Extension to Canada; Continues Service to More Than 5,000 Canada Post Locations Across the Country

Digital money transfer service MoneyGram (NASDAQ: MGI) recently announced it has a five-year extension to its partnership with Canada Post. The renewal, which runs through December 2025, allows MoneyGram customers to continue to transfer money and pay bills at over 5,000 Canada Post locations throughout… Read More

U.S. Crypto Platform Coinbase Now Hiring in Canada

  Cryptocurrency platform Coinbase announced earlier this week it is establishing operations in Canada for the first time. The Canadian expansion is notably part of Coinbase’s international expansion efforts and allows it to begin hiring from the “talented pool” of technology and finance professionals in… Read More

Canadian Fintech Expertus, Processor of $50B in Transactions Per Day, Acquired by Tech Giant IBM

New York-based tech giant IBM Corp. (NYSE:IBM) has acquired Expertus Technologies Inc., a Canadian Fintech company that assists clients with processing over $50 billion in transactions per day. IBM bought the company so that it could enhance its electronic-payments capabilities. Expertus has now been added… Read More

Canadian Regtech Software Provider iComply Unveils Digital Compliance Administration Platform

  Canadian regtech company iComply Investor Services announced on Wednesday it is launching an updated version of its iComplyKYC platform for digital compliance administration. According to iComply, the platform now supports the onboarding and authentication of legal entities and natural persons as a part of its… Read More

Canadian Fintech Neo Financial Scores $50 Million Through Series A Investment Round & Debt Financing

  Canadian fintech Neo Financial announced on Wednesday it raised $50 million between its Series A investment and debt financing. The funding round was led by Valar Ventures with participation from Tobi Lutke, the CEO and founder of Shopify; Golden Ventures; Inovia Capital; Thomvest; Afore… Read More

Canadian Fintech XTM Announces Update About Vert Visa Credit Card Launch

  XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Monday its latest update on the launch of its Vert Visa credit card. As previously reported, the Vert program uses an intuitive mobile app to collect customer data and within… Read More

Mogo Receives Conditional TSX Approval to Acquire Carta Worldwide

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it received conditional approval from the Toronto Stock Exchange for the issuance and listing of up to an additional 10 million common shares in connection with the previously announced acquisition of Carta Solutions Holding Corporation…. Read More

Scotiabank Now Offering Real-Time Payments For All Business Banking Customers By Using Flexible Routing Options

  Canadian banking group Scotiabank announced on Wednesday it is offering real-time payments for all business banking customers using flexible routing options like an account number or email address, using Interac e-Transfer for Business. According to Scotiabank, transactions are processed in real-time, with confirmation of… Read More

XTM Announces Competition of 2.0 Fintech Platform

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it has completed its 2.0 Fintech Platform after a year of development. According to XTM,  the enhanced platform and mobile app have every feature you would expect in a neo… Read More

National Crowdfunding and Fintech Assoc Canada Reminds Industry Participants of Deadline for Offering Feedback on Financial Sector Resilience Paper

The National Crowdfunding & Fintech Association (NCFA Canada), which supports a financial innovation ecosystem offering education, market intelligence, stewardship, networking and funding opportunities, has reminded industry participants that there’s only about a week remaining to provide comments on a consultation on technology risks in the… Read More

BIGG Digital Assets, Netcoins Operator, Buys Bitcoin Boosts Holdings to 189.5 BTC

BIGG Digital Assets Inc. (CSE: BIGG; OTCQB: BBKCF), operator of Canadian crypto exchange Netcoins, has acquired 40 additional Bitcoins for long term treasury holdings, according to a company release. BIGG says it purchased these Bitcoins for $24,854 CAD per BTC for a total of CAD… Read More

OurCrowd Launches Fund Open to Canadian Investors

OurCrowd, a top global investment crowdfunding platform, has announced the availability of a fund that is open to individual investors in Canada. OurCrowd’s OC50, a portfolio index fund, is said to be available with “unprecedented low minimum contributions” opening up the world of VC investing… Read More

Canada: Crypto Brokerage Netcoins Reports Record Trading Volume

BIGG Digital Assets Inc. (CSE: BIGG; OTCQB: BBKCF), owner of Netcoins a Canadian crypto brokerage is reporting that November 2020 trading volumes (purchase and sales of cryptocurrency) have exceeded CAD $23 million, setting a new monthly record. BIGG says that the Netcoins trading platform has… Read More

Canadian Fintech XTM Set to Offer Micro-Credit & Credit-Score Build/Report to Today Cardholders

  XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Thursday its plan to offer micro-credit to its Today Cardholder community. According to XTM, the Today program has been adopted and rolled out to thousands of hospitality, personal care, and… Read More

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