Canada

April 6, 2022 @ 10:07 pm By Omar Faridi  |  

  CoinSmart Financial Inc., which claims to be one of Canada’s leading crypto-asset trading platforms, has announced its investment in NFT cross-bridge marketplace, Curate. The partnership agreement reportedly “includes an undisclosed investment from CoinSmart in Curate’s NFT Marketplace, with an option to acquire a majority… Read More

April 5, 2022 @ 8:18 pm By Omar Faridi  |  

Payments Canada has announced the selection of Tata Consultancy Services (TCS) (BSE: 532540) (NSE: TCS), a global IT services, consulting and business solutions organization, “as the integration lead for Canada’s real-time payment system, the Real-Time Rail (RTR).” TCS will help plan and orchestrate activities “with… Read More

March 30, 2022 @ 9:37 pm By Omar Faridi  |  

Crypto rewards platform Cultos recently announced that it has teamed up with gaming company Secret Pirates in order to launch “an exclusive loyalty program for Lumiii, the decentralized edutainment ecosystem.” Lumiii’s animated series, The Secret Order of Lumiiis™, and its blockchain games empower players and… Read More

March 30, 2022 @ 10:19 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), a Fintech powering instant payout and digital banking solutions for the gig workforce, recently announced the expansion of its collaboration with Visa (NYSE: V) in the US. After obtaining its Visa Ready for Fintech Enablers certification and expanding its platform with… Read More

March 25, 2022 @ 11:06 am By Tony Zerucha  |  

The Government of Canada this week named its open banking lead. Abraham Tachjian was named to the post by the Hon. Randy Boissonnault, Minister of Tourism and Associate Minister of Finance. Tachjian is currently a director in the financial services practice at PwC Canada, where… Read More

March 25, 2022 @ 8:45 am By Omar Faridi  |  

Avast (LSE:AVST), an international firm focused on digital security and privacy, recently announced the acquisition of SecureKey Technologies, a global provider of digital identity and authentication solutions (with head offices in Canada). SecureKey’s privacy-enhancing services are “focused on simplifying access to online services while giving… Read More

March 24, 2022 @ 3:57 pm By Omar Faridi  |  

Visa (NYSE: V) has announced a new offering with DoorDash, a “last-mile” logistics platform, in order to help enable faster payouts “to eligible Dashers across Canada.” The latest feature, called DoorDash Fast Pay, is “facilitated by Stripe’s Instant Payouts product, made available through Stripe’s financial… Read More

March 23, 2022 @ 7:31 pm By Omar Faridi  |  

Thinking Capital, Canada’s Fintech provider of credit and insights to small businesses and a member of the Purpose Unlimited family of companies today announced its new name: Driven, by Purpose. The name <<Driven, by Purpose>> “celebrates the drive and the generative energy of small businesses… Read More

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