Canada

August 9, 2022 @ 8:38 am By Omar Faridi  |  

CIBC (TSX: CM) (NYSE: CM) recently entered a data access agreement with MX in order to improve the CIBC client experience via secure data sharing, offering customers a safe and intuitive way to share their financial details. The partnership with MX is indicative of CIBC’s… Read More

August 8, 2022 @ 11:31 am By JD Alois  |  

Properly, a Canada-based Proptech, has raised CAD $36 million according to a blog post. The funding round brings Properly’s total raised to CAD $192 million. A valuation was not immediately available. Properly claims to be the “best funded and fastest growing real estate startup in… Read More

August 3, 2022 @ 8:29 pm By Omar Faridi  |  

Savana, a financial software for banks and fintechs, announced the closing of a $45 million Series A round led by Georgian, a growth-stage investor based in Toronto, Canada. The funds will be “used to drive continued growth of Savana’s core-agnostic Digital Delivery Platform, ramp up… Read More

July 21, 2022 @ 3:57 pm By Omar Faridi  |  

Payment service provider Clik2pay has introduced flexible and scheduled payment options, offering Canadian businesses “more options when requesting payments from their customers.” These new features make it easier “to request direct-from-account payments – safely and securely, using one of the most trusted money transfer systems… Read More

July 20, 2022 @ 6:40 pm By Omar Faridi  |  

TS Imagine, which claims to be a global leader in trading, portfolio, and risk management solutions for capital markets, is expanding its presence in Canada “with new facilities in Montréal to boost its North American operations and drive its international growth.” TS Imagine opened its… Read More

July 19, 2022 @ 4:18 pm By Omar Faridi  |  

D-Wave Systems Inc., which claims to be a leader in quantum computing systems, software, and services, and the “only” company building both quantum annealing and gate-based quantum computers, and Mastercard (NYSE: MA) announced a multi-year strategic alliance “to champion the acceleration and adoption of quantum… Read More

July 16, 2022 @ 3:09 pm By Omar Faridi  |  

EQ Bank, powered by Equitable Bank, Canada’s Challenger Bank, has teamed up with Flinks, a key player in open banking, to provide EQ Bank customers with the ability “to share their financial data securely with third-party fintech applications of their choosing.” This partnership, and the… Read More

July 15, 2022 @ 9:14 am By JD Alois  |  

Earlier this year, FINTRAC announced that crowdfunding platforms, as well as certain payment providers, must now register with FINTRAC. FINTRAC is the Financial Transactions Reports Analysis Centre of Canada. It is the agency that seeks to detect, prevent, and deter nefarious activity such as money… Read More

July 14, 2022 @ 3:14 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has launched Changeworks™, a social-impact program that “helps Canada’s not-for-profits harness the power of technology and data to create positive change.” To put this commitment into action, Mastercard has “made its first anchor grant to national not-for-profit, CanadaHelps, to launch a digital… Read More

July 12, 2022 @ 6:41 pm By Omar Faridi  |  

Canada’s debit network Interac is reportedly adding a backup network provider after this past week’s large-scale outage at Rogers, which had left millions of clients unable to complete payments. In statements shared with Reuters, the company’s management noted: “We are adding a supplier (besides Rogers)… Read More

July 6, 2022 @ 9:58 am By JD Alois  |  

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF), a digital asset trading platform, has filed for bankruptcy following a difficult couple of weeks for the company. Voyager is emblematic of crypto contagion fears as counter-party risk has caused several firms to pause operations or, in this case,… Read More

July 1, 2022 @ 9:17 am By JD Alois  |  

BlockFi, a crypto trading marketplace and yield generator, apparently has another suitor. As has been previously reported, FTX, founded by Sam Bankman-Fried, has provided a $250 million line of credit while entering into a discussion to potentially purchase the firm. Rumors published by CNBC indicate… Read More

June 29, 2022 @ 8:14 pm By Omar Faridi  |  

CanDeal Group, an operator of Canadian market and infrastructure services, has teamed up with five of Canada’s biggest local banks “to deliver a comprehensive, centralized Know Your Client (KYC) solution to the Capital Markets Industry.” The collaboration mutualizes many of the costs and efforts of… Read More

June 27, 2022 @ 9:21 pm By Omar Faridi  |  

Brim Financial, one of the “fastest-growing” Fintechs and a licensed credit card issuer, recently announced a partnership with Air France-KLM in Canada. The joint Air France and KLM’s loyalty program, Flying Blue, will “leverage Brim’s end-to-end technology platform to launch a unique credit card product… Read More

June 26, 2022 @ 3:15 pm By Omar Faridi  |  

Glia, the provider of Digital Customer Service, has acquired Finn AI, the AI-powered chatbot platform for banks and credit unions. The deal aims to mainstream virtual assistants for financial services companies “by making Finn AI’s proven conversational AI solutions an integral part of Glia’s …… Read More

June 22, 2022 @ 3:37 pm By Omar Faridi  |  

TD Bank Group announced that it would offer open-source access to its Equity Resource Hub, a digital platform “created by TD Lab to integrate diversity, equity and inclusion into all stages of product & service design.” By making the Hub, initially a proprietary tool launched… Read More

June 22, 2022 @ 2:05 pm By JD Alois  |  

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF) has issued a statement updating on challenges regarding digital asset markets and a previously announced credit facility from Alameda Ventures. Alameda indirectly holds 22,681,260 common shares of Voyager representing about 11.56% of the outstanding common and variable voting shares…. Read More

June 20, 2022 @ 12:51 pm By Omar Faridi  |  

Blockchain Intelligence Group, a global cryptocurrency compliance and intelligence company, owned by BIGG Digital Assets Inc. (CSE: BIGG), is pleased to announce the launch of NFT Explorer, “the first risk and investigation solution for NFTs, built on the QLUE™ data analytics platform.” Development of the… Read More

June 20, 2022 @ 11:30 am By JD Alois  |  

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is now requiring charity platforms to perform AML/KYC processes on transactions. FINTRAC already requires crowdfunding platforms that provide services to raise funds or virtual currency and certain payment service providers to register as money services… Read More

June 19, 2022 @ 3:16 pm By Omar Faridi  |  

Momentum in Alberta’s Fintech sector continues to build as crypto exchange company FTX revealed plans to establish its first Canadian location in Calgary after the acquisition of Calgary-based Bitvo — a trading platform “offering Canadians a secure and easy way to buy, sell and trade… Read More