Tagged: canada

Flexiti Signs Multi-Year Agreement With Visions Electronics to Point-of-Sale Technology

Canada-based point-of-sale financing and payment tech provider Flexiti recently announced it has teamed up with Visions Electronics, a retailer for electronics with locations across Canada, has launched its point-of-sale technology. Flexiti reported its financing solution is now available in all 43 retail locations in addition… Read More

Canadian Fintech WealthyPlanet Teams Up With Smart Money Invest to Offer Low-Cost Exchange-Traded Fund Investment Products

WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has formed a new partnership with Smart Money Capital Management Inc. (Smart Money Invest) to provide low-cost exchange-traded funds (ETFs) and online investment advice to WealthyPlanet clients. WealthyPlanet describes ETFs as “smart and convenient… Read More

New York and Toronto Stock Exchange listed Scotiabank Introduces “Bank Your Way” Solution for Seniors to Learn Digital Banking Basics

Scotiabank (TSX: BNS), the third-largest bank in Canada, which has been exploring ways to upgrade its systems to make them quantum-resistant, has launched a new information portal for seniors, known as “Bank Your Way,” which will serve as a tool to help clients navigate all… Read More

Mobile Banking: Malaysian Consumers Are More Comfortable with Online or Digital Banking Portals than US and Canadian Consumers, Survey Reveals

Global analytics software firm FICO reports that Malaysian consumers are more comfortable with using their mobile devices to open and manage bank accounts when compared to US and Canadian residents. FICO’s Consumer Digital Banking Survey reveals that 23% of Malaysians would rather open a bank… Read More

Quebec’s Autorité des Marchés Financiers (AMF) to Award Grants to Researchers Studying Impact of COVID-19 on Fintech Ecosystem

The Fintech AMF – Finance Montreal Research Chair is actively looking for initiatives that explore the potential impact of COVID-19 on the Fintech industry, the Autorité des marchés financiers, or AMF (Quebec’s financial regulator), has confirmed. There are reportedly eight different research grants that will be… Read More

Canadian Online Lender LendingArch Announces Plans to Accelerate U.S. Expansion Due to Increased Demand for Loans & Debt Relief

Canadian marketplace lending platform LendingArch announced on Tuesday it is accelerating its plans to expand into the U.S. in response to the increased demand for loans and debt relief during the COVID-19 pandemic. Founded in 2015, LendingArch describes itself as a modern finance company reinventing… Read More

Canadian Fintech XTM Announces Expansion of Cashless Ecosystem With RBC & Interac

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it is using the Interac Bulk eTransfer solution offered by RBC (TSE: RY) to help its business clients facilitate near real-time payments. According to XTM, the solution allows XTM customers or Today… Read More

Canadian Fintech XTM Signs Additional 80 Food Delivery Stores For Today’s Card Program

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it has signed an additional 80 food delivery stores for its Today Card and Mobile Wallet program. XTM reported it continues to sign up a record number of restaurant delivery… Read More

Canada-based Symend, a Company Helping Financial Service Providers with Assisting Customers Struggling to Pay Bills, Secures $52 Million in Funding

Canada-based Symend, a company that helps utilities and financial service providers with identifying and assisting customers who may be struggling to pay their bills, has secured $52 million in funding through a Series B investment round led by Inovia Capital. Other investors in the firm’s… Read More

Canadian Fintech Boosted.ai Raises $8 Million Through Series A Investment Round to Bring AI to Investment Management

Boosted.ai, a Canada-based fintech, announced on Wednesday it raised $8 million USD Series A financing round, led by Portag3 Ventures with participation from Dunamu & Partners and Polar Equity Partners. Founded in 2017, Boosted.ai reported that it works with financial firms to enhance their investment… Read More

Canadian Fintech XTM Lists on Frankfurt Stock Exchange

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Wednesday it has listed its common shares for trading on the Frankfurt Stock Exchange (Deutsche Boerse AG) under the “7XT” symbol. XTM reported its shares will now be cross-listed on the… Read More

Digital Transformation: Canada’s Largest Banks have Spent Over $71 Billion on Upgrading Financial Technology Infrastructure

The largest financial institutions in Canada have reportedly spent over $71 billion (appr. C$100 billion) on technology since the financial crisis, in order to accommodate an increasing number of customers who now prefer to use digital banking platforms. According to several reports, the Coronavirus (COVID-19)… Read More

Canadian Tech Incubator OneEleven Permanently Shuts Down Due to COVID-19 Economic Impact

OneEleven, a Toronto-based technology incubator, announced on Wednesday it has officially ceased operations due to COVID-19’s economic impacts. Established in 2013, OneEleven describes itself as home to a community of high-performing technology scaleups, with global locations that provide unparalleled access to peer networks, investment capital,… Read More

Contactless Payments: Mobeewave, a Platform for Accepting In-Person Payments with No PIN Entry, to Support High-Value Transactions

Canada-based Mobeewave, a certified platform that allows mobile app users to accept in-person payments without requiring extra hardware, is introducing several new features that aim to remove existing contactless payments limits for retailers and consumers, by using the Fintech firm’s proprietary tap-to-phone technology. Mobeewave’s payment… Read More

HIVE Blockchain Acquires 30 MW Cryptocurrency Operation in Canada For C$4 Million

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) recently announced it acquired 30 Megawatts (MW) Cryptocurrency, which is located in Canada, for C$4 million. 30 MW was purchased from Cryptologic. HIVE reportedly issued 15,000,000 common shares to Cryptologic, which are notably subject to a four-month lock-up agreement,… Read More

DealSquare Milestone: Achieves Full Digitalization of Private Placement Process in Canada By Launching Version 2.0 Platform

Dealsquare, securities marketplace for private placements, announced on Monday it has achieved full digitalization of private placement process in Canada by launching its Version 2.0 platform. Founded in 2019, DealSquare describes itself as a centralized digital platform to access capital within the private markets, connecting capital… Read More

Toronto-based Blockchain Firm Emerge to Provide DLT-enabled App to Help Track Coronavirus-related Activities in Latin America

A Canada-headquartered firm is using blockchain or distributed ledger technology (DLT) to deal with the Coronavirus (COVID-19) crisis in the Latin American region. Toronto-based blockchain firm Emerge has introduced a public safety system app, known as Civitas, in order to help local authorities in many… Read More

iComply Announces $2 Million COVID-19 Relief Grant

Canadian regtech company iComply Investor Services announced earlier this week the launch of its new $2 million COVID-19 relief grant, the iComply for Good Services Grant.  According to iComply, iComply for Good‘s purpose is to strengthen the resilience, continuity, and remote operations capacity of our community organizations… Read More

Digital Banking Challenger NorthOne to Waive Account Fees for Customers Most Affected by the Coronavirus

Canada-based NorthOne, an established digital bank for small businesses, has decided to waive all account fees for thousands of its customers that have been affected by the coronavirus (COVID-19) outbreak. NorthOne’s management confirmed that it will be offering free banking services to all businesses in… Read More

Canadian Fintech WealthyPlanet Announces Seed Funding Round With Mercanti Management

WealthyPlanet, a Canada-based online financial planning company, announced on Wednesday it has closed a seed funding round with Mercanti Management Inc. Founded in 2018, WealthyPlant states it gives Canadians “confidence” in their financial future by offering a free online planning tool with low-fee products and… Read More

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