Tagged: canada

October 3, 2022 @ 2:01 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

September 27, 2022 @ 7:42 pm By Omar Faridi  |  

Visa (NYSE: V), one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square‘s solution for rapid merchant settlement. Square’s instant transfers are “enabled by Visa Direct, a VisaNet processing capability helping transform global money movement… Read More

September 27, 2022 @ 4:27 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced the expansion of its relationship with Amazon to Canada, bringing “increased payment flexibility and transparency to customers shopping on Amazon.ca.” This payment option will be “available during checkout to all… Read More

September 27, 2022 @ 2:48 pm By Omar Faridi  |  

Classiq, which claims to be the leader in quantum computing software, announced another significant expansion of its series B round to $49M by Canadian-Israeli VC Awz Ventures, from “an initial closing of $36M by strategic investors—in the largest quantum software round to date.” Awz Ventures… Read More

September 12, 2022 @ 11:17 pm By Omar Faridi  |  

Canadian Fintech companies saw US$810 million in total investment “across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.” This, according to an update from KPMG. It was also a notable drop “compared to the first… Read More

September 12, 2022 @ 10:16 am By Omar Faridi  |  

ForwardAI, a Fintech providing aggregated access to accounting & business data and analysis, announced today its partnership with Swoop Funding, the one-stop money shop “for businesses in Australia, Canada, Ireland, and the UK.” Through the partnership, Swoop Funding will be “augmenting its current data collection… Read More

September 11, 2022 @ 5:55 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins (Netcoins.ca), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell and understand cryptocurrency, and Blockchain Intelligence Group (blockchaingroup.io), a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to… Read More

September 11, 2022 @ 5:07 pm By Omar Faridi  |  

Apex Group Ltd., a global financial services provider, announced the acquisition of Prometa Fund Support Services Inc., a Canada based provider of fund services. Prometa delivers fund services to clients in Canada, the United States, and Bermuda, “including Hedge Funds, LSVCCs and Mortgage Investment Corporations.”… Read More

September 7, 2022 @ 11:37 am By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), a provider of global market infrastructure and tradable products, announced the launch on September 12 of the Cboe One Canada Feed, a new real-time market data solution that “provides high-quality Canadian equities reference quote and trade information.” Through a… Read More

September 2, 2022 @ 8:21 am By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins, the online cryptocurrency brokerage that claims to make it easy for Canadians to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology solutions, is reporting Q2 2022 financial results. All figures… Read More

August 21, 2022 @ 6:27 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins (Netcoins.ca), the online cryptocurrency brokerage that makes it “easy” for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group (blockchaingroup.io), a developer of blockchain technology search, risk-scoring and data analytics solutions, is… Read More

August 12, 2022 @ 10:23 pm By Omar Faridi  |  

Visa (NYSE: V) announced that Visa tap to pay will officially “arrive on GO Transit, and has launched on the UP Express, making it easier to travel on transit by offering riders a contactless payment option with their Visa credit card or payment-enabled device (e.g…. Read More

August 3, 2022 @ 8:29 pm By Omar Faridi  |  

Savana, a financial software for banks and fintechs, announced the closing of a $45 million Series A round led by Georgian, a growth-stage investor based in Toronto, Canada. The funds will be “used to drive continued growth of Savana’s core-agnostic Digital Delivery Platform, ramp up… Read More

August 1, 2022 @ 11:47 pm By Omar Faridi  |  

Goparity, an impact finance app empowering citizens and companies “to use their money for good,” has secured 125% (€1,521,419) of its €1,200,000 target from 692 investors at the time of writing via Crowdcube with 16 days left in the firm’s crowdfunding campaign. Goparity reports a… Read More

July 21, 2022 @ 3:57 pm By Omar Faridi  |  

Payment service provider Clik2pay has introduced flexible and scheduled payment options, offering Canadian businesses “more options when requesting payments from their customers.” These new features make it easier “to request direct-from-account payments – safely and securely, using one of the most trusted money transfer systems… Read More

July 21, 2022 @ 8:18 am By Omar Faridi  |  

Post-Brexit, FX brokers are losing business and money because they’re “not permitted to service EU-based clients,” the team at Currencycloud notes in a blog post. And when they want to expand to reach these markets, the cost and time it takes to seek regulation is… Read More

July 20, 2022 @ 6:40 pm By Omar Faridi  |  

TS Imagine, which claims to be a global leader in trading, portfolio, and risk management solutions for capital markets, is expanding its presence in Canada “with new facilities in Montréal to boost its North American operations and drive its international growth.” TS Imagine opened its… Read More

July 19, 2022 @ 4:18 pm By Omar Faridi  |  

D-Wave Systems Inc., which claims to be a leader in quantum computing systems, software, and services, and the “only” company building both quantum annealing and gate-based quantum computers, and Mastercard (NYSE: MA) announced a multi-year strategic alliance “to champion the acceleration and adoption of quantum… Read More

July 16, 2022 @ 3:09 pm By Omar Faridi  |  

EQ Bank, powered by Equitable Bank, Canada’s Challenger Bank, has teamed up with Flinks, a key player in open banking, to provide EQ Bank customers with the ability “to share their financial data securely with third-party fintech applications of their choosing.” This partnership, and the… Read More

July 14, 2022 @ 3:14 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has launched Changeworks™, a social-impact program that “helps Canada’s not-for-profits harness the power of technology and data to create positive change.” To put this commitment into action, Mastercard has “made its first anchor grant to national not-for-profit, CanadaHelps, to launch a digital… Read More