Tagged: canada

Coinbase Shares Survey Findings Revealing 5 Million Canadians Are Crypto Holders

Stand with Crypto was born in the US as a movement focused on mobilizing the crypto community, the team at Coinbase (NASDAQ:COIN) notes in a blog post. Coinbase explains that Stand with Crypto in Canada is “all about shining a light on the pioneers building… Read More

RONA Teams Up with Fintech Affirm to Offer Canadian Consumers Flexible Way to Pay for Home Improvement Supplies Online

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced a partnership with RONA inc., one of Canada’s home improvement retailers operating and servicing some 425 corporate and affiliated stores. Now, eligible shoppers can use Affirm to “purchase their home… Read More

Payments Canada Announces Matthew Parker-Jones and Kevan Cowan as New Board Members

Payments Canada is pleased to announce the election of Matthew Parker-Jones and Kevan Cowan to its Board of Directors. Payments Canada confirmed that Matthew will serve as a Member Director and Kevan as an Independent Director on the board. Payments Canada further noted that Matthew… Read More

Canada’s Financial Regulator Delays New Bank Lending Risk Rules

Canada’s financial regulator announced on Friday that it will delay the implementation of new rules requiring banks to change how they calculate lending risks, a move intended to give the country’s banks more time to adapt, Bloomberg has reported. The Office of the Superintendent of… Read More

Bank Clients in Canada Still Feel Economic Pressure, Look to Banking Service Providers for Guidance, Study Finds

Although interest rates and inflation have started to trend downward, many bank customers in Canada are still feeling the economic squeeze and the majority of them express interest in receiving financial advice from their bank, according to the J.D. Power 2024 Canada Retail Banking Advice… Read More

MPOWER, TD Bank Unite to Assist International Students at Canadian Universities

TD and MPOWER Financing have collaborated to simplify the banking experience for international students pursuing higher education in Canada by offering a suite of financial resources needed to help students on their journey to Canada. As part of this collaboration, TD would be MPOWER’s preferred… Read More

Visa Expands Payments Options for Amazon Clients with Flexible Installments Plans

Visa (NYSE: V)  has announced a new collaboration with Amazon (NASDAQ:AMZN) that will provide Canadian consumers with more choice at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option “to select Installments… Read More

Nova Credit and RBC to Support Frictionless Financial Start for Newcomers to Canada

As Canada continues to welcome significant numbers of immigrants this year, Royal Bank of Canada (RBC) is committed to being their bank of choice by creating tools and resources designed to improve newcomer arrival experiences. RBC is announcing the launch of Global Credit Connect with… Read More

iCapital to Serve as Investment Fund Manager for Prime Quadrant’s Alternative Investment Access Funds

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced that iCapital Network Canada Ltd., a Canadian investment fund manager and affiliate of iCapital group has been appointed Investment Fund Manager in Canada for Prime Quadrant Alternative Investment… Read More

Canadian Consumer Satisfaction Stalls with Banking and Credit Card Apps as Competition Increases, Study Finds

Despite more customers than ever interacting with their banks and credit card providers via mobile apps and websites in Canada—and investment continuing to pour into the user experience of those digital channels—customer satisfaction with those tools is not improving. This, according to an update from… Read More

Fintech Moneris Launches Tap to Pay on iPhone, Enabling Businesses to Accept Digital Payments

Moneris Solutions Corporation, a Canadian leader in innovative solutions for mobile, online, and in-store payments, has introduced Tap to Pay on iPhone in the Moneris Go app, enabling businesses of any size to accept digital payments simply and easily. Canadian businesses can now “accept in-person… Read More

CIBC Introduces Digital Credit Card and Deposit Account Application for Newcomers to Canada

CIBC announced it is the first major financial institution to launch a bundled digital credit card and deposit account application for those new to Canada, making it faster and more convenient for these clients to make key banking decisions sooner. Michael Clabby, Executive Vice-President, Head… Read More

Canadian Securities Administrators (CSA) Announce Rule Amendments Supporting Move to Shorter Settlement Cycle

The Canadian Securities Administrators (CSA) recently announced that rule amendments supporting the move to a shorter settlement cycle for equity and long-term debt market trades came into force in Canada. The amendments to National Instrument 24-101 Institutional Trade Matching and Settlement align with the industry’s… Read More

Fintech Affirm to Assist FlightHub with Bringing Flexible Payment Options to Canadian Travelers

FlightHub, the Canadian online travel agency and subsidiary of the travel innovation company Momentum Ventures, announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, “to bring transparent and flexible payment options to eligible Canadian travelers.” At… Read More

Payments Canada Appoints Paula Dunlop as VP, Policy, Government Relations and Research

Payments Canada is pleased to welcome Paula Dunlop as the new Vice President, Policy, Government Relations and Research. In this role, Paula will be expected to “oversee these three important functions at Payments Canada that influence and enhance their work with key stakeholders and across… Read More

Neo Financial Enhances Services to Assist Canadian Newcomers with Establishing Credit Profiles

Neo Financial announced that the Neo Secured Credit card, along with all Neo credit card products, will now report to Equifax Canada, in addition to its existing reporting to TransUnion, giving Canadians a full credit profile for broader lender acceptance. The Neo Secured Credit card… Read More

Canada’s FINTRAC Imposes Administrative Monetary Penalty on Binance Holdings Ltd

FINTRAC announced that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance. This foreign money services business was “imposed an administrative monetary penalty of $6,002,000 on May 7, 2024 for non-compliance… Read More

Small Businesses in Canada Stabilizing Operations Amid Slowing Decline in Revenue – Report

Xero, the global small business platform, released its latest Xero Small Business Insights (XSBI) quarterly update for Canada, based on data from October to December 2023. The data showed that Canada’s small business sales decline “may be levelling off, which is an encouraging signal for… Read More

Fintech Airwallex Announces Borderless Visa Cards for Business Expense Management in Canada

Airwallex, a global payments and financial platform for modern businesses, introduced the Airwallex Borderless Visa Card in Canada. The virtual card is issued by Peoples Trust Company, “part of Peoples Group, and enables Canadian businesses to easily make payments around the world, everywhere Visa is… Read More

Nicholas Brathwaite from Celesta Capital Comments on Current State of Tech Ecosystem in Canada

Canada is becoming an increasingly viable landscape for investment activity thanks to its favorable regulatory environment, a flourishing tech sector, and the country’s continued commitment to fostering entrepreneurship. As Apple (NASDAQ:AAPL) continues to ramp up its generative AI capabilities, the Silicon Valley giant has actively… Read More

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