Canada

November 19, 2018 @ 10:04 am By Samantha Hurst  |  

Biz2Credit announced on Monday it is working with HSBC Bank Canada to give Canadian small business owners quicker and easier access to apply for business financing through HSBC eCredit. According to the duo, HSBC eCredit is a digital-first approach to lending, which will allow small business… Read More

November 17, 2018 @ 2:20 pm By JD Alois  |  

CROSS-BORDER INTERBANK PAYMENT AND SETTLEMENTS: Emerging opportunities for digital transformation Three governmental agencies have collaborated on a report pertaining to payments and settlements seeking to join in a push for a unified approach to this sector of Fintech. The Bank of England, Bank of Canada… Read More

November 15, 2018 @ 7:15 am By JD Alois  |  

Toronto based Fintech dig1t Inc. has closed on a CDN $ 9 million series A funding round. The Robo-advisor provides wealth management tools powered by advanced analytics and risk management tools. The d1g1t platform offers portfolio management services to professional advisors and their individual investors…. Read More

November 15, 2018 @ 6:29 am By Erin Hobey  |  

Mobeewave, an in-person contactless payment acceptance platform, has closed a US$16.5M Series B funding round, led by NewAlpha Asset Management, Mastercard and Forestay Capital. The strategic funding will enable Mobeewave to continue to deploy in global markets and develop new product offerings. “We are delighted… Read More

November 7, 2018 @ 7:35 pm By Cali Haan  |  

St Francis Xavier University in Antigonish, Nova Scotia, Canada had to shut down its entire network for four days last week to fend off a crypto-mining malware attack, Global News reports. Campus email, Wi-Fi, debit transactions, online course selection, cloud storage, and drives on the… Read More

November 7, 2018 @ 2:57 pm By JD Alois  |  

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

November 6, 2018 @ 9:22 am By Cali Haan  |  

The Ontario Securities Commission, regulator of capital markets in Canada’s most populous economic-powerhouse province, have created a colourful new website to educate investors about cryptocurrencies: GetSmarterAboutCrypto.ca According to a release announcing the initiative, 5% of adult Ontarians, or around 500 000 individuals, now own “crypto assets,”… Read More

November 2, 2018 @ 5:03 pm By Cali Haan  |  

The Financial and Consumer Affairs Authority (FCAA) in the Canadian province of Saskatchewan has issued a warning to investors cautioning them around investing or trading in cryptocurrencies. In its “Using Or Investing In Cryptocurrency? Know The Risks” release issued October 31st, the last day of Investor… Read More

November 1, 2018 @ 11:14 am By Cali Haan  |  

A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More

November 1, 2018 @ 3:28 am By Erin Hobey  |  

The Dutch payments platform Adyen (AMS: ADYEN) has now expanded its platform’s reach into Canada. In addition, Adyen also announced that four new customers — Dollar Shave Club, Adidas, Busbud and Canada Goose — have selected Adyen as their payments processor in Canada. Key Ayden clients include Facebook,… Read More

October 30, 2018 @ 7:38 am By Erin Hobey  |  

Portag3 Ventures posted its initial closing of Portag3 Ventures II LP (“Fund II”), its second fintech venture fund focused on early stage investments in the global financial technology sector. “Portag3 Ventures is uniquely positioned as one of the few platforms dedicated exclusively to fintech on… Read More

October 25, 2018 @ 9:46 pm By Cali Haan  |  

Traditionally, providing comprehensive travel packages to consumers across the globe can be a complex process involving numerous parties – both in a traveller’s country of origin and in destination areas. Local tour operators curate and pay for bulk deals on accommodation, tour and food-services, then… Read More

October 23, 2018 @ 11:06 am By Cali Haan  |  

The National Bank of Canada, the country’s seventh largest bank, is piloting a program to offer the creation and negotiation of standby letters of credit on a blockchain / distributed ledger system. The pilot uses a distributed ledger (DLT) system created by the company Skuchain and… Read More

October 19, 2018 @ 9:05 am By Samantha Hurst  |  

KoreConX  announced earlier this week that Evoke Capital will now be integrated into its KorePartners ecosystem. The KorePartner ecosystem is a group of selected companies that support the KoreConX security token protocol and adhere to KoreConX’s strict governance standards. Evoke Capital is described as an online… Read More

October 13, 2018 @ 6:53 pm By Cali Haan  |  

Telephone scammers pretending to be representatives from the Canada Revenue Agency (CRA) recently used threats of deportation and a bitcoin ATM to defraud a recent immigrant in Charlottetown PEI out of $65 000, CBC reports. Now a Charlottetown court has ruled that the Bitcoin ATM… Read More

October 9, 2018 @ 1:33 pm By Cali Haan  |  

Vancouver-based cryptocurrency exchange QuadrigaCX has been defending itself in court for the release of $28 million dollars in customer funds frozen by the Canadian Imperial Bank of Commerce (CIBC) since January, the Globe and Mail reports. According to court documents filed by CIBC in the… Read More

October 8, 2018 @ 3:40 pm By Samantha Hurst  |  

Seed&Spark, the independent film crowdfunding platform, announced on Friday its expansion into Canada. The U.S.-based funding portal confirmed it launched full access of its services to Canadian creators. Seed&Sparks reported included in the expansion is support for Canadian currency, compliance with local tax regulations and… Read More

October 7, 2018 @ 12:00 pm By Cali Haan  |  

Mike Novogratz, creator of cryptocurrency merchant bank Galaxy Digital, told and audience at the Economist Finance Disrupted conference in New York this week that he does not expect Bitcoin to surpass the $9000 USD mark this year, CNBC reports. Novogratz’ latest call contradicts a number… Read More

October 2, 2018 @ 6:21 pm By Cali Haan  |  

One of Canada’s main cryptocurrency exchanges, Toronto-based Coinsquare, has announced it has secured a banking partnership with on of Canada’s top five banks. The bank has so far gone unnamed. In a press release issued to announce the venture, Coinsquare says it is, “one of… Read More

October 2, 2018 @ 1:11 pm By Samantha Hurst  |  

Canadian fintech Mylo Financial Technologies announced on Tuesday it is set to launch registered accounts and socially responsible investing through its new premium service, Mylo Advantage. According to Mylo, the newest offering furthers its social mission to help Canadians achieve their financial goals by delivering an effortless way… Read More