Tagged: national bank of canada

June 29, 2022 @ 8:14 pm By Omar Faridi  |  

CanDeal Group, an operator of Canadian market and infrastructure services, has teamed up with five of Canada’s biggest local banks “to deliver a comprehensive, centralized Know Your Client (KYC) solution to the Capital Markets Industry.” The collaboration mutualizes many of the costs and efforts of… Read More

October 5, 2021 @ 9:50 am By Omar Faridi  |  

Duality Technologies, a provider of privacy-enhanced data collaboration solutions, reveals that it has secured $30 million via a Series B round, bringing its total funding to $49 million. The company’s round was reportedly led by LG Technology Ventures along with contributions from Euclidean Capital and… Read More

August 28, 2021 @ 9:03 am By Omar Faridi  |  

The National Bank of Canada (TSE: NA) has reportedly invested $103 million in Flinks, including $30 million in growth capital “towards acceleration of the Montreal-based fintech’s expansion activities in North America,” according to a release. As mentioned in the announcement, the investment has been made… Read More

June 25, 2021 @ 2:37 pm By Omar Faridi  |  

d1g1t Inc., the provider of an enterprise-grade wealth management solution powered by analytics and risk management tools, has finalized a new round of funding worth CAD 16 million (appr. $13 million). d1g1t’s investment round was led by existing investor CI Financial Corp. and included contributions… Read More

January 21, 2021 @ 9:28 am By Samantha Hurst  |  

Paystone, a payments and integrated software company, announces it secured $69 million in strategic financing from the Canadian Business Growth Fund (CBGF) and the National Bank of Canada. Founded in 2009, Paystone claims to be a leading payment and software company redefining the way merchants… Read More

November 3, 2019 @ 6:26 pm By Omar Faridi  |  

The National Bank of Canada, the sixth-largest commercial bank in Canada with around 2.4 million clients, is launching a project that aims to bring together local startups, students and developers throughout the country. Those who participate in the Innovation Competition will have to develop various… Read More

October 23, 2018 @ 11:06 am By Cali Haan  |  

The National Bank of Canada, the country’s seventh largest bank, is piloting a program to offer the creation and negotiation of standby letters of credit on a blockchain / distributed ledger system. The pilot uses a distributed ledger (DLT) system created by the company Skuchain and… Read More

July 6, 2018 @ 12:00 pm By Samantha Hurst  |  

Flinks, a Canadian fintech that provides banks and other fintechs with a data gateway platform that enables digital onboarding, risk modeling, and insights, announced earlier this week it secured $1.75 million through its latest seed funding round. The company reported that its partners now include National… Read More

April 21, 2018 @ 5:40 pm By Samantha Hurst  |  

National Bank of Canada (NBC) announced on Friday, with the support of J.P. Morgan, it issued a $150 million one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance using blockchain technology. According to the banking group, this blockchain test involved the parties… Read More

April 25, 2017 @ 6:59 am By Jonathan Nieh  |  

Last week, ONGO, a mobile payments platform based in Myanmar, announced a strategic partnership with the National Bank of Canada (NBC). According to ONGO’s announcement, NBC acquired a 22% stake in ONGO. The company declined to disclose any other terms of the deal. ONGO is… Read More

November 7, 2016 @ 7:14 am By JD Alois  |  

Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy.  The agreement calls for Credigy, a firm that specializeds in consumer finance investment,  to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More