Canada

December 17, 2024 @ 9:15 pm By Tony Zerucha  |  

Results of a new survey from online mortgage marketplace EveryRate.ca show that most Canadians would struggle with a 15% increase in their housing expenses. The survey was conducted with polling firm Leger in mid-November and asked 1,526 Canadians: “If your mortgage or rent increased by… Read More

December 17, 2024 @ 10:30 am By JD Alois  |  

Webull Securities (Canada) says it has launched options trading for registered accounts in Canada. Webull users can now trade options in Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). The Webull Group currently operates in 15 regions globally, including Canada, serving over 20… Read More

December 14, 2024 @ 11:34 am By Michael Wong  |  

TSX-listed Axis Auto Finance Inc. announced the completion of its previously disclosed sale of auto loan assets and related business operations for $78 million. The transaction, initially detailed in October, included adjustments for changes in loan composition and fair market value of inventory since December… Read More

December 13, 2024 @ 10:35 am By Omar Faridi  |  

Nuvei Corporation, the Canadian fintech, announces the expansion of its partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LatAm). This collab builds upon the relationship between Nuvei and Google, and complements Google Pay’s availability via Nuvei in… Read More

December 12, 2024 @ 1:50 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, is reportedly available to users in Canada checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later versions. As mentioned in the announcement, eligible Apple… Read More

December 10, 2024 @ 10:07 pm By Omar Faridi  |  

Earlier this year, Payments Canada reportedly conducted a public consultation on proposed changes to Rule H6, which provides the framework for processing bill payment remittances via the Automated Clearing Settlement System (ACSS). The proposed changes aim to improve operational efficiency, the ability to embrace technological… Read More

December 8, 2024 @ 4:21 pm By Omar Faridi  |  

Finance automation firm Tipalti announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a key milestone in its international expansion. Since establishing a… Read More

December 5, 2024 @ 7:33 am By Omar Faridi  |  

Circle Internet Group, Inc., a financial technology company, announced that its regulated subsidiary is the “first” stablecoin issuer to commit to comply with the Ontario Securities Commission (OSC) and Canadian Securities Administrators’ (CSA) Value-Referenced Crypto Asset (VRCAs) requirements. This facilitates Circle’s U.S. dollar-denominated stablecoin, USDC,… Read More

November 30, 2024 @ 2:21 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new research revealing that despite economic uncertainty, Canadians are approaching their holiday shopping with “strategy, not restraint.” Affirm noted in a blog post the majority (71%) plan to spend the… Read More

November 23, 2024 @ 5:50 pm By Omar Faridi  |  

One of the world’s largest fintechs, Finastra, recently experienced a major data breach. Since Finastra’s solutions have been used across large banking service providers, it is likely that many financial services firms may experience challenges when it comes to user privacy and security. According to… Read More

November 18, 2024 @ 9:51 am By JD Alois  |  

Neo Financial, a Canada-based neobank, has raised $258 million in Series D funding. The new money included around $79 million in equity and $179 million in debt capital. Neo Financial offers various digital banking services in partnership with Peoples Bank of Canada. As a neobank,… Read More

November 9, 2024 @ 1:41 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY) released financial results for the three months and nine months ended September 30, 2024, for both itself and Galaxy Digital Holdings. Galaxy Digital has shared key Corporate and Business Updates: Financial Highlights: In the third quarter, Galaxy reported a… Read More

November 4, 2024 @ 8:54 am By Omar Faridi  |  

Xero, the global small business platform, released its quarterly Xero Small Business Insights (XSBI) report for Canada, including data from April to June 2024. As noted in the latest report, Canada’s weak small business sales performance continued in the three months to June. The data… Read More

November 2, 2024 @ 5:26 am By Michael Wong  |  

NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndryl’s Securities Industry Services (SIS) platform, a move aimed at strengthening its position in the Canadian financial services market. The SIS platform, known for providing wealth management and capital markets software solutions,… Read More

November 1, 2024 @ 4:53 pm By Tony Zerucha  |  

Fintel Connect, a provider of growth marketing solutions for the financial industry, has launched Fintel Check for BaaS, an automated, cost-accessible fintech partner monitoring tool designed for Banking-as-a-Service (BaaS) sponsor banks and middleware providers. With Fintel Check for BaaS, BaaS banks will have access to… Read More

October 21, 2024 @ 9:39 am By Tony Zerucha  |  

People have long sought to declutter their homes. A more recent trend is doing the same with their online lives. Yorba helps them do that while offering benefits like money savings, improved online security, and a cleaner email inbox. Yorba has expanded into Canada. The company has linked… Read More

October 18, 2024 @ 5:55 pm By Omar Faridi  |  

Akur8 is announcing its collaboration with the Insurance Company of Prince Edward Island. The Canadian insurer will now be leveraging the RISK as well as the DEMAND modules of Akur8’s pricing platform in order to boost the efficiency of its model development process. This partnership enhances… Read More

October 9, 2024 @ 12:18 pm By Omar Faridi  |  

BIGG Digital Assets Inc, a firm focused on the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, announced that Netcoins USA has signed a partnership agreement with APX Lending, which is said to be a “crypto-backed” lending platform, to provide crypto-backed… Read More

October 6, 2024 @ 2:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced recently that it has launched various new benefits in support of small businesses operating across Canada. Curated new cardholder benefits provide savings on products and solutions tailored to meet the requirements of Canadian business owners. In order to to acknowledge Small… Read More

October 6, 2024 @ 2:23 pm By Omar Faridi  |  

Canada has reportedly reached $11.9 trillion in total retail payment transactions with 21.7 billion transactions in 2023, which is up six per cent year-over-year. This, according to an update shared by Payments Canada. The report from Payments Canada noted that virtual or online payments represented… Read More