Canada

May 16, 2025 @ 4:02 pm By Omar Faridi  |  

On May 16, 2025, Galaxy Digital Holdings Ltd. (TSX:GLXY) (NASDAQ:GLXY)began trading on the Nasdaq Global Select Market, marking a significant milestone for the company and the broader digital asset industry. The company’s shares opened at $23.50 closing at $22.80 after topping $25 a share. Galaxy… Read More

May 13, 2025 @ 3:03 pm By Omar Faridi  |  

MPOWER Financing, a fintech focused on international student financing, announced the completion of its second securitization, MPOWER Education Trust 2025-A. The $313.2 million collateral pool is “composed of U.S. dollar-denominated, fixed-rate loans made to international students attending American and Canadian universities.” The securitization size exceeds… Read More

May 13, 2025 @ 1:57 pm By Omar Faridi  |  

Crypto.com Canada announced that it received a restricted dealer registration on May 8, 2025 in each of the provinces and territories of Canada. The restricted dealer registration allows Crypto.com Canada to continue offering crypto-assets products and services to Canadians while it seeks registration as “an… Read More

May 13, 2025 @ 7:46 am By JD Alois  |  

Robinhood (NASDAQ: HOOD) has signed an agreement to acquire WonderFi (TSX: WNDR) (OTCQB: WONDF) in a move designed to boost its presence in Canada. WonderFi will become part of Robinhood Crypto, the company’s digital asset subsidiary. In a blog post, Robinhood said that WonderFi operates… Read More

May 12, 2025 @ 4:15 pm By Omar Faridi  |  

Eventus, a provider of trade surveillance and financial risk solutions, announced that Wealthsimple is among its newest clients deploying the firm’s Validus platform for trade surveillance across asset classes. Wealthsimple is one of Canada’s financial services platforms, serving “more than three million clients, with $50+… Read More

May 10, 2025 @ 1:30 pm By Omar Faridi  |  

Canada’s payment landscape is undergoing a transformative shift, driven by technological innovation as well as collaborative efforts across the financial ecosystem. Two significant developments highlight this evolution: the ongoing progress of the Real-Time Rail (RTR) payment system and the vibrant discussions at the 2025 Payments… Read More

May 9, 2025 @ 5:53 pm By Omar Faridi  |  

TD Asset Management Inc. (TDAM) announced a new way for investors to access private global infrastructure investments. Eligible Canadian accredited investors will have access to TDAM’s institutionally available infrastructure strategy, the TD Greystone Infrastructure Fund (Canada) L.P., through a collaboration with iCapital Network Canada Ltd, financial… Read More

May 9, 2025 @ 5:50 pm By Omar Faridi  |  

Canadian fintech company Nuvei (Nasdaq: NVEI) and Mastercard (NYSE: MA) are collaborating to enable near instantaneous payout capabilities for businesses in Canada. Nuvei will leverage Mastercard Move’s money movement capabilities to facilitate “payouts to a consumer’s Debit Mastercard or Reloadable Mastercard Prepaid card.” Mastercard Move… Read More

May 5, 2025 @ 4:55 pm By Tony Zerucha  |  

This past week, Instacart (NASDAQ: CART) acquired Wynshop, a provider of e-commerce solutions for leading grocers and retailers. By bringing together both organizations’ expertise and deep retailer relationships, Instacart aims to strengthen its enterprise solutions and empower more retailers to enhance their online experiences and further… Read More

May 3, 2025 @ 5:32 pm By Omar Faridi  |  

On April 28, 2025, Payments Canada implemented significant updates to the rules governing the Automated Clearing and Settlement System (ACSS), a critical infrastructure for processing electronic payments in Canada. These changes, aimed at enhancing clarity, aligning with current practices, and supporting ongoing modernization efforts, mark… Read More

May 2, 2025 @ 12:06 pm By Omar Faridi  |  

CIBC announced its “no annual fee” CIBC Adapta Mastercard, which is reportedly the first credit card in Canada that automatically “determines the cardholder’s top three spend categories each month based on where they spend the most, and rewards them with 50% more points on those… Read More

May 2, 2025 @ 7:54 am By Tony Zerucha  |  

DailyPay, a worktech company and provider of On-Demand Pay, has expanded into Canada. This marks the company’s second international expansion, after initially moving into the United Kingdom in September 2024. “Expanding into Canada is a major step in our mission to better serve our multinational… Read More

April 30, 2025 @ 1:22 pm By Tony Zerucha  |  

Dream Payments has launched the DreamPay Insurance Payment Hub — a two-way insurance payment network operating across North America, leveraging J.P. Morgan Payments’ capabilities. Insurers can accept premiums from policyholders in both the U.S. and Canada, and issue claims payments to individuals and businesses of every size, using digital… Read More

April 28, 2025 @ 11:46 am By JD Alois  |  

DealMaker, a tech-infused securities crowdfunding enabler, has announced new headquarters in New York City. Ostensibly, DealMaker was founded and has been based in Toronto. Having already established additional offices in the US, the move to the world’s leading financial center makes a lot of sense…. Read More

April 26, 2025 @ 9:33 am By Omar Faridi  |  

As the payment landscape evolves, a recent update from Payments Canada reveals that security understandably remains the top priority for Canadians when evaluating emerging payment technologies. Innovations like generative artificial intelligence (GenAI), social commerce, and pay-by-bank are poised to transform how Canadians shop and pay,… Read More

April 25, 2025 @ 1:28 am By Tony Zerucha  |  

VoPay, a provider of embedded financial technology, today announced the launch of its new Cross-Border Payments-as-a-Service solution. Built for software platforms and financial institutions, the white-label technology enables organizations to move money globally with full transparency, compliance, and real-time FX, without building their own cross-border infrastructure. Global… Read More

April 22, 2025 @ 1:45 pm By Omar Faridi  |  

motusbank, the digital-only bank launched by Meridian Credit Union in Q2 2019, will shut down by early 2026. Meridian, which is reportedly Ontario’s largest credit union, and Coast Capital Savings jointly announced that they will absorb motusbank’s accounts and assets, pending regulatory approval. This closure… Read More

April 22, 2025 @ 12:36 pm By Tony Zerucha  |  

NewCo Capital Group, a provider of business financing, has expanded into Canada. With nationwide service now available across every Canadian province and territory, NewCo brings accessible, non-bank funding solutions to small and medium-sized enterprises. The move strengthens NewCo’s international footprint as part of its broader global… Read More

April 20, 2025 @ 2:09 pm By Omar Faridi  |  

The British Columbia Securities Commission (BCSC) has exposed a $4.3 million scam targeting Canadian investors. The operation, dubbed “Operation Avalanche,” revealed a sophisticated scheme orchestrated by overseas crime groups using a tactic known as “approval phishing.” This fraudulent method reportedly tricked 89 unsuspecting victims into… Read More

April 18, 2025 @ 11:47 am By Omar Faridi  |  

Canada appears to be taking significant steps to integrate cryptocurrencies into its financial ecosystem, with recent updates from the Canadian Securities Administrators (CSA) and Coinbase providing more clarity for investors navigating the seemingly complex world of crypto assets. These developments underscore Canada’s commitment to fostering… Read More