Canada

April 27, 2017 @ 4:49 pm By Samantha Hurst  |  

Online lender OnDeck Canada announced on Thursday it has formed a partnership with cloud-based point-of-sales platform for independent retailers and restaurants, Lightspeed. According to the duo, this new partnership will allow Lightspeed users to secure loans through OnDeck’s lending platform and the new offering will… Read More

April 25, 2017 @ 6:59 am By Jonathan Nieh  |  

Last week, ONGO, a mobile payments platform based in Myanmar, announced a strategic partnership with the National Bank of Canada (NBC). According to ONGO’s announcement, NBC acquired a 22% stake in ONGO. The company declined to disclose any other terms of the deal. ONGO is… Read More

April 24, 2017 @ 10:48 am By Samantha Hurst  |  

Equifax Canada announced last week the launch of its Risk Reveal, which is said to help businesses achieve better credit decisions at a faster rate. The fintech company stated that by combining the depth of two credit databases into one solution, the new feature would… Read More

April 20, 2017 @ 4:31 am By Erin Hobey  |  

Flexiti Financial, POS financing and payment technology provider for retailers, announced that Diane J. Brisebois, President and CEO of the Retail Council of Canada (RCC), and Rick Padulo, Chairman and CEO of Padulo Integrated, a multimedia retail communications company, have joined Flexiti Financial as the first… Read More

April 6, 2017 @ 11:22 am By Samantha Hurst  |  

Canadian marketplace lending platform LendingArch, announced it has formed a partnership with NewOak, a New York-based asset management and institutional advisory firm who have advised on over $5.5 trillion in assets on behalf of the world’s top banks, institutions, law firms, and regulators. According to… Read More

April 5, 2017 @ 4:27 pm By Samantha Hurst  |  

Financial service software provider Misys announced on Wednesday it has appointed Natalie Gammon as its new Chief Information Officer. The company stated that Gammon will be taking on the responsibility of managing its global infrastructure and technology operations, which includes all business applications and support services, as well as… Read More

April 3, 2017 @ 12:09 pm By Samantha Hurst  |  

Matchi, a global fintech matchmaking firm, announced it has teamed up with ATB Financial and KPMG in Canada to launch a customer onboarding innovation challenge dedicated to fintech companies. The companies reported that this challenge aims to reimagine customer onboarding and management through collaboration with… Read More

March 28, 2017 @ 1:27 pm By Cole Lyons  |  

Past generations have had their market opportunities; the Baby Boomers the jump in energy prices during the 1970’s and Generation X had the tech boom (and bust) of the 1990’s. But Brady Fletcher says the empowerment-driven Millennials haven’t had their own spring of market luck…. Read More

March 23, 2017 @ 5:23 pm By Cole Lyons  |  

SecureKey announced Monday that later this year it will release a blockchain-based service, giving customers the ability to control what classifying information they share with corporations. The Toronto-based identity management company’s new service has obtained the support of Canada’s top five banks. SecureKey’s new service… Read More

March 17, 2017 @ 8:23 am By JD Alois  |  

Finding and allocating money public projects including urban improvements is hard. Constituents never want to see their taxes increase and inevitably some people support certain projects. Others, not so much. Randy Hillier, MPP for Lanark-Frontenac & Addington in Ontario, believes he has the solution. Hillier… Read More

March 15, 2017 @ 5:00 pm By Erin Hobey  |  

“Having trusted, independent research is critical to cutting through some of the noise from a fast-changing space like alternative finance…We cut across to give a big picture view which isn’t typically available in other research.” It’s official, alternative finance platforms have been granted an extension… Read More

March 13, 2017 @ 11:22 pm By JD Alois  |  

Misys, a financial service software provider, and D+H (TSX: DH), another financial technology provider, are poised to merge and thus create a “diversified Fintech market leader” with a global footprint providing financial services software with an estimated revenue of $2.2 billion.  The announcement came today… Read More

March 6, 2017 @ 10:23 am By Samantha Hurst  |  

Canadian marketplace lending platform LendingArch announced on Monday launch of its new, real-time point of sale loan service for Canadian medical clinics and their patients. According to LendArch, patients may now apply for LendingArch’s point of sale financing either from their home or directly at a clinic location… Read More

March 2, 2017 @ 11:14 pm By JD Alois  |  

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More

February 27, 2017 @ 11:33 am By JD Alois  |  

SoFi (né Social Finance) has closed on a $500 million funding round according to multiple reports. The additional capital will be leveraged for global expansion and the development of new financial services products. SoFi claims the largest Fintech funding ever as SoftBank pumped $1 billion… Read More

February 24, 2017 @ 5:39 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has launched a bespoke Fintech regulatory sandbox. The CSA described the Sandbox as an initiative that supports businesses seeking to offer innovative products, services, and applications. “The objective of this initiative is to facilitate the ability of those businesses to… Read More

February 23, 2017 @ 9:21 pm By Jessica Pham  |  

Crowdfund Insider had the opportunity to interview the co-founder of Canadian real estate crowdfunding platform, RealStarter. Jean-Sébastien Drolet is a Université Laval graduate who is leveraging his legal training in his work in the real estate market, along with co-founder and programmer Do Nguyen and real estate… Read More

February 22, 2017 @ 10:34 am By JD Alois  |  

The Financial Conduct Authority (FCA), the securities regulator in the UK, has signed a cooperation agreement with the Ontario Securities Commission (OSC).  The agreement is designed to provide support to innovative Fintech firms seeking entry into either market. The Agreement allows the FCA and the… Read More

February 22, 2017 @ 8:28 am By JD Alois  |  

The Bank of Canada is out with a paper that reviews the advent of digital currencies, IE Bitcoin, and how it may impact the more traditional type of fiat currency. Drawing a comparison to back in the day when private bank notes circulated alongside government issued… Read More

February 16, 2017 @ 4:30 am By Erin Hobey  |  

 PayPal has gained ground  in the underbanked bill payment space by acquiring the North American processor TIO Networks for $233 million, according to a release. Founded in 1997 and still led by its CEO founder, Hamed Shahbazi, Vancouver-based TIO Networks serves underbanked customers utilizing an online and mobile… Read More