Canada

July 1, 2024 @ 4:24 pm By Omar Faridi  |  

Although interest rates and inflation have started to trend downward, many bank customers in Canada are still feeling the economic squeeze and the majority of them express interest in receiving financial advice from their bank, according to the J.D. Power 2024 Canada Retail Banking Advice… Read More

June 30, 2024 @ 6:23 pm By Tony Zerucha  |  

TD and MPOWER Financing have collaborated to simplify the banking experience for international students pursuing higher education in Canada by offering a suite of financial resources needed to help students on their journey to Canada. As part of this collaboration, TD would be MPOWER’s preferred… Read More

June 30, 2024 @ 9:29 am By Omar Faridi  |  

The Payments Canada Board of Directors announced the appointment of Susan Hawkins to President and CEO of Payments Canada, effective August 12, 2024. Garry Foster, Chair of the Payments Canada Board of Directors said: “We are thrilled to appoint Susan Hawkins to lead Payments Canada… Read More

June 29, 2024 @ 4:08 pm By Omar Faridi  |  

Visa (NYSE: V)  has announced a new collaboration with Amazon (NASDAQ:AMZN) that will provide Canadian consumers with more choice at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option “to select Installments… Read More

June 23, 2024 @ 7:23 pm By Omar Faridi  |  

As Canada continues to welcome significant numbers of immigrants this year, Royal Bank of Canada (RBC) is committed to being their bank of choice by creating tools and resources designed to improve newcomer arrival experiences. RBC is announcing the launch of Global Credit Connect with… Read More

June 23, 2024 @ 4:47 pm By Omar Faridi  |  

Lisa Sattler, Director of Policy and Government Relations at Payments Canada, is pleased to share that the proposed changes to the Canadian Payments Act (CP Act) in order “to expand Payments Canada’s membership have received Royal Assent, the final step required for a bill to… Read More

June 22, 2024 @ 10:24 pm By Tony Zerucha  |  

This week, Borrowell, a Canadian company, launched a program allowing renters to report up to 24 months of past rent payments to Equifax Canada with no landlord involvement required. By providing renters the ability to report past rental payment history, Borrowell said Canadians can finally… Read More

June 17, 2024 @ 11:04 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) and the Bank of Canada launched the Toronto Innovation Centre, the first such centre to be established in the Americas and the seventh to be opened by the BIS in collaboration with partner central banks around the world. The… Read More

June 17, 2024 @ 8:29 am By Omar Faridi  |  

Visa Inc. (NYSE: V) announced the relaunch of Visa SavingsEdge, aimed at delivering greater value to small businesses (SMBs) across the United States and Canada. For more than a decade, Visa SavingsEdge has provided “eligible Small Business cardholders with the savings, tools and resources to… Read More

June 16, 2024 @ 2:41 pm By Omar Faridi  |  

BIGG Digital Assets Inc.  an innovator in the digital assets space and owner of Blockchain Intelligence Group, Netcoins, and TerraZero, announces the launch of Operational Simulator Training for Investigators in partnership with WhiteStream Blockchain Intelligence. Blockchain Intelligence Group, in partnership with WhiteStream Blockstream Intelligence, is… Read More

June 13, 2024 @ 9:54 am By JD Alois  |  

Year-to-date, Exchange Traded Products (ETPs) that hold digital assets have jumped by 93% assets under management (AUC), up from $49.5 billion at the end of 2023 to $95.4 billion, according to a report. Fineqia (CSE: FNQ) says that the total AUM recorded at the end… Read More

June 9, 2024 @ 1:00 pm By Omar Faridi  |  

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced that iCapital Network Canada Ltd., a Canadian investment fund manager and affiliate of iCapital group has been appointed Investment Fund Manager in Canada for Prime Quadrant Alternative Investment… Read More

June 8, 2024 @ 4:33 pm By Omar Faridi  |  

Despite more customers than ever interacting with their banks and credit card providers via mobile apps and websites in Canada—and investment continuing to pour into the user experience of those digital channels—customer satisfaction with those tools is not improving. This, according to an update from… Read More

June 1, 2024 @ 11:31 am By Omar Faridi  |  

Moneris Solutions Corporation, a Canadian leader in innovative solutions for mobile, online, and in-store payments, has introduced Tap to Pay on iPhone in the Moneris Go app, enabling businesses of any size to accept digital payments simply and easily. Canadian businesses can now “accept in-person… Read More

May 31, 2024 @ 10:20 am By Omar Faridi  |  

CIBC announced it is the first major financial institution to launch a bundled digital credit card and deposit account application for those new to Canada, making it faster and more convenient for these clients to make key banking decisions sooner. Michael Clabby, Executive Vice-President, Head… Read More

May 30, 2024 @ 9:46 pm By Omar Faridi  |  

The Canadian Securities Administrators (CSA) recently announced that rule amendments supporting the move to a shorter settlement cycle for equity and long-term debt market trades came into force in Canada. The amendments to National Instrument 24-101 Institutional Trade Matching and Settlement align with the industry’s… Read More

May 30, 2024 @ 8:31 am By Omar Faridi  |  

FlightHub, the Canadian online travel agency and subsidiary of the travel innovation company Momentum Ventures, announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, “to bring transparent and flexible payment options to eligible Canadian travelers.” At… Read More

May 27, 2024 @ 10:17 pm By Omar Faridi  |  

Payments Canada is pleased to welcome Paula Dunlop as the new Vice President, Policy, Government Relations and Research. In this role, Paula will be expected to “oversee these three important functions at Payments Canada that influence and enhance their work with key stakeholders and across… Read More

May 27, 2024 @ 2:18 pm By Omar Faridi  |  

Contactless payments acceptance technology makes it easier for Canadian businesses to get started and create new ways to sell. Square has recently launched Tap to Pay on iPhone in Canada, allowing Square sellers to be among the first businesses in the country to try the… Read More

May 26, 2024 @ 5:07 pm By Omar Faridi  |  

Neo Financial announced that the Neo Secured Credit card, along with all Neo credit card products, will now report to Equifax Canada, in addition to its existing reporting to TransUnion, giving Canadians a full credit profile for broader lender acceptance. The Neo Secured Credit card… Read More