Canada

March 22, 2022 @ 10:25 pm By Tony Zerucha  |  

Helcim, a payments company catering to small businesses, this week announced it has closed its Series A funding. The round was led by Toronto-based venture capital firm Information Venture Partners and Aquiline Technology Growth. The round also included participation from Generational Platform Partners, Alberta-based Accelerate… Read More

March 21, 2022 @ 7:26 pm By JD Alois  |  

Binance has sent a letter to the Ontario Securities Commission (OSC) telling the regulator it is committed to ceasing opening new accounts in Ontario. Last year, Binance Canada announced it would cease providing crypto services in Ontario. The OSC allows crypto exchanges to provide trading in… Read More

March 17, 2022 @ 10:58 pm By Tony Zerucha  |  

WingRiders, a native Cardano decentralized exchange, recently announced the close of its seed and private funding round with investors including Animoca Brands, Matrixport, Spark Digital Capital, Double Peak, and Bitrue. The company emerged from stealth mode in December 2021 with a fully working prototype deployed… Read More

March 17, 2022 @ 3:56 pm By JD Alois  |  

The Bank of Canada has announced a partnership with the Massachusetts Institute of Technology (MIT) on a project to investigate the potential of issuing a Central Bank Digital Currency (CBDC). Some time ago, the US Federal Reserve made a similar announcement of a project with… Read More

March 16, 2022 @ 7:44 am By Omar Faridi  |  

Trulioo announced that it now provides coverage in Greece and Israel via Trulioo GlobalGateway, the global identity verification platform. With GlobalGateway, organizations operating in these two nations may now “perform identity checks on consumers that support regional Know Your Customer (KYC) and Anti-Money Laundering (AML)… Read More

March 12, 2022 @ 8:41 pm By Omar Faridi  |  

Lendable, an AI-enhanced consumer finance platform, has announced a £210 million funding round at a valuation “in excess of £3.5 billion.” The round has reportedly been led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on… Read More

March 12, 2022 @ 8:53 am By Omar Faridi  |  

Global identity verification firm, Trulioo, has introduced a set of resources in order to support modern security professionals as they “shape safety and security practices in the digital world.” Data found that compliance, risk and IT security professionals are “critical to supporting business growth.” These… Read More

March 7, 2022 @ 9:03 am By JD Alois  |  

Accelerated Payments, an invoice financing provider, has announced the appointment of Neil McMillan as Head of North America – based in Toronto. According to a statement distributed by Accelerated Payments, McMillan brings more than 20 years of experience leading teams for fast-growing firms providing finance… Read More

March 4, 2022 @ 8:37 am By Tony Zerucha  |  

While 90 per cent of Canadians believe fraud and identity theft are serious issues, Generation Z is more likely to say identity theft is not likely to happen to them (29 per cent versus 16 per cent of the general population) according to a recent… Read More

February 28, 2022 @ 5:44 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, recently announced that Canada Life UK, a subsidiary of Canada Life Group, has officially gone live with Temenos Multifonds  in order to support its UK investment accounting operations. Administration of life and pensions funds is “highly governed” and… Read More

February 26, 2022 @ 5:12 pm By Omar Faridi  |  

Engage People, the loyalty network that enables program members to pay with points (PwP) directly at checkout, recently reported a 33% increase in YoY revenue in 2021. Access+, Engage People’s platform that powers the loyalty network and PwP capabilities, grew revenue “by 94% – a… Read More

February 20, 2022 @ 7:27 pm By Omar Faridi  |  

TMX Group Limited (TMX) recently announced that it has closed an equity investment, “acquiring a minority interest” in SigmaLogic, Inc. (DBA ETFLogic), a US-headquartered Fintech and provider of analytics and portfolio tools to the wealth management sector and investment fund manufacturers. This investment follows the… Read More

February 19, 2022 @ 9:46 am By Omar Faridi  |  

Trulioo, the international identity verification firm, recently announced four new banking clients: Bambu Systems, Guardian Gold, Nerve and Simba. With Trulioo GlobalGateway, one of the largest networks of identity data and services, financial institutions can “deploy identity checks that help them satisfy Know Your Customer… Read More

February 14, 2022 @ 11:46 am By JD Alois  |  

Yesterday was the 56th Super Bowl where the LA Rams topped the Cincinnati Bengals by just a three-point spread. While the game was exciting, much discourse around the annual event tends to target the television commercials that costs advertisers millions of dollars due to the… Read More

February 9, 2022 @ 7:08 pm By JD Alois  |  

SaNOtize, an OurCrowd portfolio company, has shown to be 99% effective against COVID-19 in a phase three trial, according to a note distributed by OurCrowd. Simultaneously, the treatment has received regulatory approval in India. OurCrowd has participated in the funding of the firm providing access… Read More

February 8, 2022 @ 10:38 am By Omar Faridi  |  

KPMG in Canada has reportedly completed an allocation of crypto-assets to its corporate treasury, the company’s first direct investment in digital assets. The allocation includes Bitcoin (BTC) and Ethereum (ETH), as well as carbon offsets to “maintain a net-zero carbon transaction to deliver on the… Read More

January 28, 2022 @ 6:47 pm By Omar Faridi  |  

Paystone has announced the acquisition of Canadian Payment Services (CPS), which is reportedly one of the fastest-growing providers of Canadian merchant services. As mentioned in the update, this acquisition is the sixth addition to Paystone’s portfolio of acquisitions, having acquired five other companies in the… Read More

January 28, 2022 @ 12:56 pm By Omar Faridi  |  

The INX Digital Company, Inc. (NEO: INXD), the owner of crypto-asset trading platforms, is pleased to confirm that the firm’s common shares will begin trading on the Neo Exchange Inc., under the ticker symbol “INXD”. The firm and its wholly-owned subsidiaries together form the “INX… Read More

January 27, 2022 @ 6:58 pm By Omar Faridi  |  

Zafin, the SaaS Cloud-native product and pricing platform for banking institutions and credit unions, announced that it has acquired FINCAD, a global firm focused on pricing and risk analytics of financial derivatives and fixed income products. By acquiring FINCAD, Zafin expands its product portfolio and… Read More

January 27, 2022 @ 4:10 pm By Tony Zerucha  |  

Fintech firm XREX announced today it has obtained the money services business (MSB) license from the Financial Transactions and Reports Analysis Centre (FINTRAC) under the Canadian government. The license allows the Taipei-based company to extend its crypto-fiat exchange services, which include cross-border payments, remittances, global… Read More