Canada

Crypto.com Custody Trust Co. to Serve as US-based Custody Solution for North American Customer Digital Assets

Crypto.com, which claims to be trusted by more than 100 million customers worldwide and the industry participant focused on regulatory compliance, security and privacy, has officially announced the launch of its U.S. trust company ā€“ Crypto.com Custody Trust Company. By receiving a trust company charter,… Read More

Independent Advisor Solutions Teams Up with Alternative Assets Firm Apollo

Independent Advisor Solutions Inc. ā€”a wholly owned subsidiary of Wellington-Altus Financial Inc. ā€”is pleased to announce a retail partnership with Apollo (NYSE: APO), a provider of alternative assets and retirement solutions. This latest collab aims to reinforce Independent Advisor Solutions’ dedication to forming deep relationships… Read More

Engage People’s Len Covello Expects Thriving Loyalty Sector in 2025 and Beyond

Loyalty programs, while less discussed than other areas of Fintech, are one of the most interesting sectors that deliver daily consumer value. One of the main innovators is Engage People, which has enabled the redemption of more than 1.4 billion points thanks to partnerships with… Read More

EveryRate.ca Survey Shows Most Canadians Can’t Afford Small Housing Cost Increases

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: ā€œIf your mortgage or rent increased by… Read More

Webull Expands Services for Canadian Customers

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

Axis Auto Finance Completes $78m Sale of Auto Loan Assets

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

Canadian Fintech Nuvei Integrates Google Pay into its Cashier for LatAm Clients

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

Klarna Payment Options Available at Checkout via Apple Pay in Canada

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

Payments Canada Reveals its Public Consultation Supports Proposed Improvements to Bill Payment Framework

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

Finance Automation Firm Tipalti Accelerates Business Growth with Canadian Expansion

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

Circle Says it is First Stablecoin Issuer to Meet New Canadian Listing Rules

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 Administratorsā€™ (CSA) Value-Referenced Crypto Asset (VRCAs) requirements. This facilitates Circleā€™s U.S. dollar-denominated stablecoin, USDC,… Read More

BNPL Fintech Affirm Shares Research Revealing Canadian Consumers Are Spending Smarter, Not Less

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

Finastra Security Breach May Have Serious Consequences with Sensitive Data Compromised

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

Canada: Neo Financial Raises $258 Million Series D

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

Galaxy Digital Reports $54M in Net Losses in Q3 2024, Revenue Growth of Over 30% QoQ

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

Small Businesses in Canada Continue to Report Declining Revenue

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, Canadaā€™s weak small business sales performance continued in the three months to June. The data… Read More

Fintech Major Broadridge Expands in Canada with Kyndryl SIS Platform Buy

NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndrylā€™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

Fintel Connect Debuts BaaS-Based Monitoring Tool

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

Yorba CEO Chris Zeunstrom on Canadian Expansion and How Companies Keep Consumers Hooked

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

Insurtech Akur8 and ICPEI to Enhance Insurance Pricing Models in Canada

Akur8Ā 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 Akur8ā€™s pricing platform in order to boost the efficiency of its model development process. This partnership enhances… Read More

Send this to a friend