Canada

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

October 4, 2024 @ 8:41 pm By Omar Faridi  |  

Research from cloud-based small business platform Xero reveals a notable gap in financial literacy among Canadian small business owners. Although 47% or nearly half of small business owners rating their financial literacy as ‘high’, nearly half (43%) actively deal with fiscal challenges in their business… Read More

October 4, 2024 @ 8:34 am By Omar Faridi  |  

As the digital asset landscape evolves, the demand for efficient data solutions has never been more “pressing.” Realizing this key requirement, Tetra Trust, Canada‘s qualified custodian for digital assets, has turned to Ledgible, a digital asset tax and accounting platform, to enhance their crypto-assets reconciliation… Read More

October 3, 2024 @ 6:21 am By Tony Zerucha  |  

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store payments, according to the recently released Canadian Payments Forecast, 2024, published by Technology Strategies International. The value of contactless payments increased by more than $80 billion over… Read More

October 2, 2024 @ 7:48 pm By Omar Faridi  |  

Jon Purther, Director of Research at Payments Canada notes that a recent study from Payments Canada has revealed that one in five Canadian businesses experienced payment fraud in the past six months. Jon Purther of Payments Canada said that this is despite 63% of businesses… Read More

September 29, 2024 @ 6:10 pm By Omar Faridi  |  

Scotiabank is helping recent immigrants to Canada settle into their new lives faster with the expansion of its partnership with Nova Credit, the cross-border credit bureau operating in Canada. Through this partnership, Scotiabank is helping newcomers from select countries2 with the opportunity to “access higher… Read More

September 28, 2024 @ 2:11 pm By Tony Zerucha  |  

Yorba, a platform that helps people declutter their digital footprint, has officially expanded its subscription tracking services to Canada. First launched in the United States, Yorba’s paid subscription tracking feature now helps more people to easily see, manage, and reduce their monthly and annual subscription… Read More

September 27, 2024 @ 6:38 am By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, has reportedly opened its new flagship office in Toronto. The expansion reflects Toronto’s growth as the fourth-largest market “for tech talent in North America and reinforces Stripe’s commitment to Canada.” Stripe serves fast-growing Canadian startups and platforms “such… Read More

September 26, 2024 @ 3:36 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has posted a note on value-referenced crypto assets (VRCAs) – otherwise known as stablecoins. While stablecoins are primarily associated with fiat currency, they can also be tied to other assets. CSA states that registered crypto asset trading platforms (CTPs), as… Read More

September 25, 2024 @ 7:33 am By Tony Zerucha  |  

Workforce management platform Rippling, Visa, and card issuing platform Marqeta have launched a corporate card tailored specifically for Canadian businesses. Features include automatic card issuance, built-in spending controls, and comprehensive expense management. The card launches as a new study conducted by Maru Blue in July… Read More

September 24, 2024 @ 8:17 am By Omar Faridi  |  

The Bank of Canada is reportedly halting its plans to roll-out a central bank digital currency (CBDC) to the nation’s businesses and consumers. A digital economy supported by innovations like central bank digital currencies (CBDCs) could help with streamlining digital transactions but some nations like… Read More

September 23, 2024 @ 2:36 pm By Omar Faridi  |  

Bluefin, the firm focused on delivering PCI-validated encryption and tokenization technologies that protect sensitive data and payments, announced it has partnered with Moneris Solution Corporation, a Canadian leader in innovative solutions for mobile, online, and in-store commerce. The agreement further enhances Moneris’ Point-to-Point Encryption (P2PE)… Read More

September 21, 2024 @ 11:00 am By Omar Faridi  |  

Ontario’s financial services regulator (FSRA) and Fintech Cadence have announced a new partnership to foster fintech innovation in Ontario. This one-year partnership is supported “through FSRA’s Innovation Office.” It will empower and support fintech startups “to identify opportunities and address barriers to help them bring… Read More

September 12, 2024 @ 2:17 pm By JD Alois  |  

Crypto protection firm Coincover says it will now work with two of Canada’s crypto trading platforms, VirgoCX and Netcoins. The goal is to provide best-in-class security for customer assets. Coincover says its solution will also help VirgoCX and Netcoins exceed regulatory requirements in Canada. Digby… Read More

September 9, 2024 @ 3:06 pm By Omar Faridi  |  

Luge Capital has announced the closing of $96 million for Luge Capital Fund II, the firm’s second Fintech-focused fund. Luge previously announced a $71M first close of the fund, with “backing from CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de… Read More