Canada

November 17, 2021 @ 3:01 pm By Tony Zerucha  |  

Neo Financial, a Canadian fintech based in Winnipeg, Man., has made great strides since its founding in the fall of 2019. This week Neo Financial received $1.6 million from the Province of Manitoba’s Industry Expansion Program to train 300 new and 32 existing employees in… Read More

November 16, 2021 @ 8:24 am By Omar Faridi  |  

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

November 8, 2021 @ 3:41 pm By Omar Faridi  |  

Even though there has been considerable economic uncertainty due to the COVID-19 outbreak, recent data from Payments Canada reveals that the nation’s residents feel that the worst might be behind them and are fairly optimistic regarding their financial wellbeing. Although 56% stated that they spend… Read More

October 29, 2021 @ 3:38 pm By JD Alois  |  

CoinSmart Financial Inc., a digital asset trading platform has announced that its wholly-owned operating subsidiary Simply Digital Technologies Inc. is now registered as a restricted dealer under securities laws across Canada. CoinSmart notes that it is one of a few platforms that trade crypto to… Read More

October 29, 2021 @ 7:54 am By Omar Faridi  |  

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO), a virtual payments and financial tech firm, has introduced ‘green’ Bitcoin, an initiative which “makes all Bitcoin purchased on the Mogo platform climate positive.” For every Bitcoin bought via its platform, Mogo will plant “enough trees to completely offset the CO2… Read More

October 28, 2021 @ 11:17 pm By Omar Faridi  |  

Bloomberg reveals that Mackenzie Investments, a Canadian asset management company, has adopted PORT Enterprise, which is Bloomberg’s portfolio analytics and risk management solution, in order to support its (exchange-traded-fund) ETF business. Mackenzie also uses Bloomberg AIM, an order management solution, in order to support its… Read More

October 22, 2021 @ 10:07 am By Omar Faridi  |  

Interac Debit is now accepted as a contactless payment option on UP Express via a pilot led by Metrolinx on the PRESTO fare payment system. This option will allow UP Express riders to buy their transit fare by simply tapping their physical Interac debit card… Read More

October 20, 2021 @ 10:03 pm By Omar Faridi  |  

Payment service provider Clik2pay introduced its latest product capability at the Telecommunications Risk Management Association of Canada (TRMA Canada) Conference, which was held in Toronto. Building on the established Clik2pay service, which enables consumers to make secure payments directly via their banking accounts, this capability… Read More

October 12, 2021 @ 6:18 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq and TSX: NVEI), the international payment tech partner of major brands, reveals that it’s teaming up with Visa, the leader in virtual payments, in order to offer Nuvei’s US customers with access to quick payouts via implementation of Visa Direct, which is… Read More

October 10, 2021 @ 6:00 pm By JD Alois  |  

Antler, a global venture capital firm founded in Singapore but with offices around the world, has appointed Bernie Li as Partner in its Toronto office. Antler shares that prior to joining the firm, Li co-founded Pure Energies, a marketplace that delivered solar solutions to customers… Read More

October 6, 2021 @ 2:43 pm By Tony Zerucha  |  

Canadian cryptocurrency trading platform Coinberry this week named Abhijeet Roy as their new chief technology officer. Before joining Coinberry Roy held leadership positions at MicroStrategy, a provider of enterprise analytics, and one of the largest holders of Bitcoin in the technology sector. Roy brings more… Read More

October 5, 2021 @ 9:50 am By Omar Faridi  |  

Duality Technologies, a provider of privacy-enhanced data collaboration solutions, reveals that it has secured $30 million via a Series B round, bringing its total funding to $49 million. The company’s round was reportedly led by LG Technology Ventures along with contributions from Euclidean Capital and… Read More

October 4, 2021 @ 5:07 pm By Omar Faridi  |  

Interac Corp., a payments network and digital ID provider, reveals that it has entered into a transaction to acquire the “exclusive” rights to SecureKey Technologies Inc. digital ID services for Canada. SecureKey is an established digital ID and authentication provider that works cooperatively with government… Read More

September 29, 2021 @ 3:52 pm By Tony Zerucha  |  

Scotiabank and Google Cloud today announced a strategic partnership to accelerate the bank’s global data and analytics strategy. As a Scotiabank trusted cloud partner for data and analytics, Google Cloud will help create a more personal and predictive banking experience for Scotiabank customers in the… Read More

September 26, 2021 @ 4:10 pm By Omar Faridi  |  

Zurich Insurance Group recently entered an international partnership with Toronto-headquartered Insurtech firm BOXX Insurance (BOXX), which offers integrated cybersecurity and insurance services to SMEs, individual consumers and families. As noted by its management, BOXX Insurance Inc. is a new type of insurance firm for “a… Read More

September 23, 2021 @ 11:29 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), an established Fintech firm that’s powering instant payout and virtual  banking solutions for gig economy workers, is working with Visa (NYSE: V) in order to add Visa SavingsEdge to its platform, “starting with the nationwide DoorDash DasherDirect card program.” As mentioned… Read More

September 23, 2021 @ 11:20 am By JD Alois  |  

The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) have published an outline explaining h0ow crypto exchanges may advertise and promote their services. The CSA is the national entity that works with all provincial regulators seeking to provide a harmonized approach… Read More

September 22, 2021 @ 9:00 am By Omar Faridi  |  

Pascal Wealthtech reveals that after “careful” consideration by the Selection Committee, they’ve been accepted into the NextSteps Program & Pitch Competition by BCF Ventures and MNP. An “exclusive” program meant to assist early-stage Canadian tech firms with achieving their growth objectives, the selection to participate… Read More

September 21, 2021 @ 8:11 pm By Tony Zerucha  |  

Blockchain technology provider Polymath announced today that Polymesh, an institutional-grade permissioned blockchain built specifically for regulated assets, will be launched by the Polymesh Association on October 13. The mainnet launch follows the success of its Incentivized Testnet (ITN), which saw more than 4,300 unique verified… Read More

September 17, 2021 @ 8:31 am By Omar Faridi  |  

Zūm Rails, an Open Banking and intelligent payment software provider, reveals that it has introduced a new set of anti-fraud tools to improve the security of its Instant Deposit feature. Instant Deposit, supported by Visa Direct, the payment giant’s real-time push payments solution,  and offered… Read More