Tagged: canada

Canadian Fintech XTM Set to Offer Micro-Credit & Credit-Score Build/Report to Today Cardholders

  XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Thursday its plan to offer micro-credit to its Today Cardholder community. According to XTM, the Today program has been adopted and rolled out to thousands of hospitality, personal care, and… Read More

Global Payment Tech Nuvei Announces Acquisition of Integrated Payment Solutions Base Commerce

    Nuvei, a global payment technology provider based in Canada, announced on Wednesday it has acquired Base Commerce, LLC, a provider of integrated payment solutions. According to Nuvei, Base was founded in 2008 and serves clients in a wide range of industries such as… Read More

Coinsquare Appoints New Board Members & Applies to Operate As a Regulated Digital Asset Marketplace in Canada

Canadian cryptocurrency platform Coinsquare announced earlier this week it has appointed Nicholas Thadaney and Wendy Rudd to its Board of Directors According to Coinsquare, the appointment news follow the confirmation of Stacey Hoisak as Coinsquare’s new Chief Executive Officer, and the appointments of Lawrence Truong as… Read More

Canadian Wealthtech PureFacts Scores CAD $20 Million from Scotiabank & Round 13 Capital

PureFacts Financial Solutions, a global WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, recently announced it secured CAD$20 million in financing from Scotiabank and Round 13 Capital. Founded in 2010, PureFacts uses its data aggregation capabilities to provide market-leading fee management and business… Read More

Dubai Entrepreneur Khurram Shroff’s IBC Group Commits $10 Million to ETH 2.0 Staking to Support Launch of Ethereum Upgrade

The United Arab Emirates (UAE) is reportedly leading the MENA region’s Fintech sector with a projected valuation of around $2.5 billion by 2022 (which is still not significant compared to international standards). Regional and multinational financial services providers have been launching digital platforms in order… Read More

Scotiabank Unveils Global AI Platform

Scotiabank announced earlier this week the launch of its new artificial intellignce (AI) platform. According to the Canadian banking group, the platform provides customers with intelligent and personalized financial advice. It also enables the bank to provide what it believes to be fast, relevant advice… Read More

Canadian Fintech XTM Announces Launch of Vert Visa Credit Card to Provide Newly-Banked/Underbanked Access to Unsecured Credit

  XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Friday the launch of its unsecured Visa credit card program and offering, the Vert Card. According to XTM, the program uses an intuitive mobile app to collect customer data and… Read More

Staples Canada Joins Forces With Flexiti Financial to Launch Staples Credit Card

Staples Canada recently announced it has joined forces with point-of-sale consumer financing solutions Flexiti Financial to launch its new Staples Card. According to Staples, the Card will allow cardholders to have access to 0% interest financing plans to help make their purchase more affordable. “This… Read More

Bank of Montreal Introduces AI enhanced Feature for Identifying Potential Cash Shortfalls for its Finance Management Platform

The Bank of Montreal (TSE: BMO), a Canadian multinational investment bank and financial services firm, has reportedly introduced an AI-enhanced feature for its personal financial management (PFM) platform that helps clients with identifying potential cash shortfalls. According to a release, BMO’s CashTrack Insight feature uses… Read More

Canadian Fintech Mogo Unveils Bitcoin Rewards Program

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday the launch of a bitcoin rewards program for its members. Mogo reported it is offering Canadians more ways to “stack sats” by providing members with the opportunity to earn and win bitcoin through this new… Read More

Trulioo Appoints Leigh Ramsden as New Chief Financial Officer

Trulioo, an on-demand global identity verification company, announced on Friday it has appointed Leigh Ramsden as its new Chief Financial Officer. According to Trulioo, Ramsden has more than 20 years of financial analysis and progressive leadership experience and will succeed Anne Lawlor, who will be… Read More

Digital Bank NorthOne Launches New Desktop Banking Feature

NorthOne, an established digital bank for US-based small businesses, notes that they’ve launched a new desktop mobile banking feature that allows customers to manage their finances on a computer as well as from their mobile devices. NorthOne has partnered with Radius Bank to offer banking… Read More

Canadian Mortgage Fintech Lendesk Announces Acquisition of Digital Mortgage Origination Provide Finmo

Lendesk, a Canada-based mortgage fintech, announced on Tuesday it has acquired mortgage origination platform Finmo Financial Technologies. According to Lendesk, Finmo helps mortgage professionals offer their clients a truly digital experience. “Finmo’s proprietary Smart Docs algorithms allow brokers to automatically request necessary documents from their… Read More

Bank of Canada Is Reportedly Planning to Hire Economist that Will Conduct Research related to Fintech and Central Bank Digital Currencies

The Bank of Canada, the nation’s central bank, recently posted a new job requirement for an economist who may have experienced working with digital currencies and financial technologies or Fintech services. The reserve bank has noted that it aims to serve as “a leading central… Read More

Cost of Fraud for Financial Services and Lending Firms Increased Significantly in the US and Canada: Report

LexisNexis Risk Solutions has published its latest research report, titled Risk Solutions 2020: True Cost of Fraud Study: Financial Services & Lending (for the US and Canadian financial services and lending sectors). The research report covers the different types of fraudulent activities in the lending… Read More

Global ID Verification Firm Trulioo Recognized as One of Canada’s Top Growing Companies, after Recording 503% Growth in 3 Years

Trulioo, an on-demand global identity verification company, has been recognized on The Globe and Mail’s second-annual ranking of Canada’s 2020 Top Growing Companies – which ranks companies based on their three-year revenue growth. As mentioned in a release shared with CI, Trulioo recorded three-year growth… Read More

Visa Launches “Click to Pay” Feature in Canada

 Visa Canada announced on Tuesday the expansion of the “Click to Pay” feature in Canada. According to Visa Canada, the feature helps consumers make secure, swift purchases across various merchants and platforms, which is now more important than ever before given the world’s accelerated shift… Read More

Canada: goPeer Now Allows All Investors to Participate in Lending

goPeer, a Canadian peer to peer lending platform, is now accepting retail investors to fund loans. The move follows the Ontario Securities Commission decision earlier this year to grant goPeer an EMD [Exempt Market Dealer] license. Now non-accredited investors may invest in an asset class… Read More

Canadian Fintech Mogo Set to Launch Mobile Peer-to-Peer Payment Solution

Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it is planning to launch a mobile peer-to-peer (P2P) payment solution, which will enable users to quickly and easily make and share payments with friends and family through Mogo’s mobile app. According to Mogo, the payment… Read More

Online Banking Payments Platform Trustly Announces Australian & Canadian Expansion

Trustly, a Sweden-based online banking payments platform, announced on Wednesday it has expanded its services to Australia and Canada. Founded in 2008, Trustly claims its account-to-account network bypasses the card networks, letting consumers make fast, simple, and secure payments to merchants directly from their online… Read More

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