Canada

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

April 9, 2025 @ 9:32 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the Registration Statement on Form S-4 relating to the company’s previously announced reorganization and domestication from the Cayman Islands to Delaware and proposed “listing on the Nasdaq Global Select… Read More

April 8, 2025 @ 2:40 pm By Omar Faridi  |  

SOL Strategies Inc., a Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, released its March 2025 operational update. Leah Wald, CEO, stated: “March represented a significant month for SOL Strategies, marked by our strategic acquisition of Laine’s validator network… Read More

April 6, 2025 @ 6:01 pm By Tony Zerucha  |  

Vaulta, a scalable operating system for Web3 banking, this week announced a strategic partnership with Virgo, a digital asset service provider, to launch VirgoPay, a dedicated cross-border remittance network that uses stablecoins to both reduce transfer fees and decrease transfer times for international wire transfers… Read More

April 6, 2025 @ 5:14 pm By Omar Faridi  |  

Kraken has officially obtained a Restricted Dealer registration in Canada, reaffirming its commitment to serving Canadian crypto investors while adhering to “enhanced investor protection guidance for crypto exchanges.” Kraken also welcomes Cynthia Del Pozo as their new General Manager for North America. Cynthia will lead… Read More

April 4, 2025 @ 3:52 pm By Omar Faridi  |  

Contrary to predictions that fintech innovations like robo advisors and artificial intelligence (AI) would “diminish the role of human financial advisors,” JDPower data indicates otherwise. According to the J.D. Power 2025 Canada Investor Satisfaction Study, younger do-it-yourself (DIY) investors in Canada—once “thought to be leading… Read More

March 31, 2025 @ 9:45 am By Tony Zerucha  |  

This week, the Polymesh Association and Ocree Capital announced the launch of a Canadian-regulated real estate platform utilizing blockchain, featuring a $51.9 million commercial real estate property as its inaugural listing. This strategic partnership brings together Polymesh’s purpose-built blockchain for regulated assets with Ocree’s exempt… Read More

March 30, 2025 @ 6:30 pm By Omar Faridi  |  

Galaxy Digital Holdings, (TSX: GLXY), a digital assets focused financial services firm led by Michael Novogratz, is navigating an increasingly complex landscape of legal resolutions along with steady financial performance. On March 27, the company agreed to a $200 million settlement with the New York… Read More

March 26, 2025 @ 11:01 am By Omar Faridi  |  

The growing popularity and widespread adoption of cryptocurrencies and digital payment systems, along with CBDCs, has led to a global conversation about the future of money. Canada is also looking into these transformative trends. Central banks worldwide, including the Bank of Canada (BoC), are exploring… Read More

March 24, 2025 @ 1:59 pm By Omar Faridi  |  

Payments Canada is supporting a transformative shift in the financial landscape with the adoption of ISO 20022, an international messaging standard poised to enhance payment processing across the country. This initiative is gaining momentum, underscored by the release of a new educational update from Payments… Read More

March 22, 2025 @ 9:37 pm By Tony Zerucha  |  

Canada’s two most popular credit cards, and four of its top 10, are non-bank-branded, results of a study by Money.ca revealed this week. Money.ca surveyed more than 2,000 Canadians. The PC Mastercard is tops with 17.55%. PC stands for President’s Choice, a brand associated with… Read More

March 20, 2025 @ 7:43 pm By Omar Faridi  |  

As institutional exposure to cryptocurrencies surge, key players are continuing to bring innovative and flexible investment products to meet this burgeoning demand. This, according to recent update from digital assets firm Gemini. Gemini is pleased to announce that they will serve as the custodian to… Read More

March 17, 2025 @ 11:08 pm By Omar Faridi  |  

Nium, the infrastructure for real-time cross-border payments, announced the expansion of its real-time payment network, with the addition of Interac in Canada. This expansion reinforces the company’s strategy to build out the real-time payments infrastructure, enabling businesses to “move money faster, securely, and at a… Read More