Canada

June 12, 2018 @ 7:00 am By Samantha Hurst  |  

B2B payment platform PayStand announced on Tuesday it has expanded its digital platform in Canada in order to support domestic B2B commercial payments and continue the growth of its global payments infrastructure. The expansion into Canada comes less than one year after PayStand secured $6… Read More

June 11, 2018 @ 9:24 pm By Samantha Hurst  |  

Luge Capital, a new venture capital fund specifically focused on early-stage fintech companies and artificial intelligence (AI) solutions applied to financial services, announced on Monday it has completed a $75 million round of financing to begin operations. The fund reported that Initially, $50 million of the raised capital was… Read More

June 11, 2018 @ 8:13 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has published a notice addressing the issue of initial coin offerings (ICOs) and whether, or not, these tokens are securities. The document by the CSA leaves little room for utility tokens to actually exist – at least not in the… Read More

June 10, 2018 @ 6:54 pm By JD Alois  |  

The Canadian Government, under the auspices of the Department of Finance, has published a series of updated rules to strengthen Canada’s AML / ATF Regime that includes regulating businesses dealing in virtual currency. The Canadian government states that the fast changing financial services industry is being… Read More

June 7, 2018 @ 10:39 pm By Samantha Hurst  |  

On Thursday, point-of-sale financing and payment tech provider Flexiti announced it has acquired TD Financing Services’ (TDFS) Canadian private label credit card portfolio, which is valued at approximately $250 million. According to Flexiti, the acquisition includes an equity investment of over $50 million led by… Read More

June 6, 2018 @ 4:52 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has issued an alert to investors when considering buying crypto assets through trading platforms. The CSA states that even though a platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. The… Read More

June 6, 2018 @ 7:56 am By JD Alois  |  

Imaginea Ai Inc., an artificial intelligence (AI) company based in Canada, is prepping to launch a fully regulated initial coin offering. Imaginea says it has been working closely with the Alberta Securities Commission to ensure the Security Token Offering (STO) is compliant to provincial law…. Read More

June 5, 2018 @ 12:10 pm By JD Alois  |  

    The Cambridge Centre for Alternative Finance (CCAF), at the Judge School of Business at Cambridge University, has launched their annual research initiative pertaining to the global alternative finance industry. While in years past CCAF has staggered the research, this year they are commencing… Read More

June 1, 2018 @ 2:31 pm By JD Alois  |  

iComply Investor Services, a Regtech company that is launching an automation service for digital assets, has announced that Greg Pinn, former head of World-Check for Thomson Reuters, will ow be leading product strategy for iComply. Pinn has been with World Check for almost ten years… Read More

June 1, 2018 @ 10:29 am By JD Alois  |  

UK based Coinage has launched the Coinage Exchange. This new cryptocurrency exchange is designed to make trading in crypto easier for traders and investors. Coinage Exchange is a mobile first platform that says it wants to bring cryptocurrencies to the masses on both Main Street… Read More

June 1, 2018 @ 8:26 am By Clayton Moore  |  

When Overstock (NASDAQ:OSTK) became the first major retailer to accept Bitcoin for payment in 2014, the move raised eyebrows. Four years later, cryptocurrencies still struggle with being seen as “fake” money, exacerbated by boom and bust headlines and regulatory uncertainty. The fastest path to legitimacy?… Read More

May 31, 2018 @ 8:11 am By JD Alois  |  

Hut 8 Mining Corp. (TSXV:HUT) (OTCQX:HUTMF) has been qualified to trade on OTC Markets  OTCQX. The cryptocurrency miner says it provides a way for investors to participate in Bitcoin minus the complexity. On March 8, 2018, Hut 8 began trading on the TSX Venture Exchange under… Read More

May 30, 2018 @ 2:41 pm By Samantha Hurst  |  

Onist, a collaborative financial platform that gives families and professionals a complete picture of household net worth and cash flow, announced on Tuesday it has formed a new partnership with fintech firm Quovo to provide reliable financial data to Onist’s Canadian clients. The collaboration comes just… Read More

May 29, 2018 @ 7:24 am By Cali Haan  |  

At a recent cryptocurrency conference in Toronto, Dmitry Buterin, father of Ethereum inventor Vitalik Buterin and himself a technologist and programmer, floated the idea of an AI judge making better decisions than a human judge hungry for lunch. Judges, said Buterin, are known for issuing… Read More

May 22, 2018 @ 11:53 pm By JD Alois  |  

SingularityNET and AI Decentralized have announced a new group: DAIA or the Decentralized AI Alliance. DAIA is said to be an open industry alliance aimed at fostering the development of decentralized AI technologies. SingularityNET is a decentralized platform and marketplace for AIs, lead by AGI… Read More

May 22, 2018 @ 1:44 pm By Samantha Hurst  |  

Plaid, a California-based fintech firm, announced on Tuesday it is expanding into its first international market, Canada. Founded in 2012, Plaid focuses on enabling innovation and democratizing financial services through technology. The company reported it built consumer experience, developer-friendly infrastructure, and intelligence tools that give users… Read More

May 16, 2018 @ 8:59 am By Samantha Hurst  |  

VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, announced on Wednesday that a billion dollar, global manufacturer of private label apparel products has signed to implement ARC, Versapay’s proprietary accounts receivable… Read More

May 14, 2018 @ 7:01 pm By Cali Haan  |  

  Blockchain has been called “The Foundation of the Fourth Industrial Revolution.” Umpteen conferences are now being devoted to explaining it. Hundreds of cottage firms have emerged claiming blockchain expertise. Enterprises, hearing that Bitcoin will compete with their payment or other systems have been spending millions… Read More

May 10, 2018 @ 12:00 pm By Samantha Hurst  |  

Canada fintech startup, Mylo Financial Technologies (Mylo) announced earlier this week the launch of its mobile fundraising platform, Round Up to Give. The platform, in partnership with CanadaHelps’ online donation platform, is to make it possible for customers to donate spare change directly from their… Read More

May 10, 2018 @ 6:47 am By Cali Haan  |  

Milos Dunjic, a cryptographer and Associate Vice President of Payments Innovation at TD Bank, has stated that whereas blockchain “threatens everything built” by banks, AI is “very friendly technology.” * Dunjic made the comments as part of a fintech panel discussion at the Canadian Undergrad… Read More