Ontario’s financial services regulator (FSRA) and Fintech Cadence have announced a new partnership to foster fintech innovation in Ontario. This one-year partnership is supported “through FSRA’s Innovation Office.” It will empower and support fintech startups “to identify opportunities and address barriers to help them bring… Read More
Paysafe (NYSE: PSFE), a payments platform, recently announced the launch of its revamped Skrill digital wallet for online gaming in the Canadian province of Ontario. Developed specifically to meet the payment preferences of iGaming players, the upgraded Skrill wallet allows Ontarians “to instantly fund wagers… Read More
Engage People, which claims to be the only loyalty network that enables program members to pay with points (PwP) directly at checkout, “reported 22 billion points redeemed and a total of 1.8 million in transactions across its loyalty network in 2022.” As the demand for… Read More
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
PXP Financial Inc., the US division of PXP Financial Ltd., a key player in global acquiring, payment, fraud and data analysis services, recently announced its launch in Canada. Ontario is the next major territory for sports betting since New Jersey became one of the first… Read More
Binance has sent a letter to the Ontario Securities Commission (OSC) telling the regulator it is committed to ceasing opening new accounts in Ontario. Last year, Binance Canada announced it would cease providing crypto services in Ontario. The OSC allows crypto exchanges to provide trading in… Read More
Tier1 Financial Solutions, a provider of capital markets and investment banking client relationship management solutions, and AML compliance and fraud prevention solutions, has appointed Megan Howe as MD, North America Sales. Howe will be responsible for “driving compliance software and buy-side CRM sales in North… Read More
A panel of the Ontario Securities Commission (OSC) confirms that it has approved a settlement agreement with Vantage Global Prime Pty Ltd (VGP) and Vantage International Group Ltd (VIG) for selling contracts for difference (CFDs) to Ontario investors in an improper manner. The settlement agreement… Read More
Digital asset exchange Binance will reportedly stop offering services in Ontario, Canada after the local government decided to launch a regulatory crackdown on crypto-related businesses. Binance’s management confirmed on Friday (June 25, 2021) that all Ontario-based customers need to close out their active positions by… Read More
The Ontario Securities Commission (OSC) announced on June 21, 2021 that it has taken action against “non-compliant” international cryptocurrency trading platform, Bybit. The OSC released a Statement of Allegations against Bybit Fintech Limited for “failing to comply with Ontario securities law.” Bybit is incorporated in… Read More
The North American Purpose Bitcoin ETF, which was introduced last month, has reportedly seen huge demand, as over $165 million in trading volume was recorded (as of February 19, 2021). The new ETF is the first Bitcoin exchange-traded fund (ETF) in North America. It now… Read More
Researchers at Bloqport have confirmed that publicly-traded firms and fund managers now hold approximately $60 billion worth of Bitcoin (BTC), which is around 6% of the digital asset’s circulating supply. Publicly-traded companies and fund managers now hold around $60 billion worth of #Bitcoin, roughly 6%… Read More
Ontario, Canada’s Tahinis Restaurants, which claims to be the world’s best Middle Eastern restaurant, revealed that it has converted its entire cash reserves into Bitcoin (BTC), the flagship cryptocurrency. The company explained that it experienced significant challenges during the historic market crash in March 2020,… Read More
Toronto-based Manzil, a Fintech firm that provides halal (permissible for Muslims) financial services and solutions including mortgages, wants to give the public an opportunity to invest in the firm via a private placement conducted on FrontFundr, a Canada based crowdfunding platform. Manzil’s management noted that… Read More
goPeer, a peer to peer lending platform, has received regulatory approval as an exempt market dealer in both Quebec and Ontario. In Canada, financial services are regulated at the provincial level and thus most aspiring Fintechs must receive approval to operate in each province. goPeer… Read More
Seneca College, a provider of polytechnic education to around 30,000 full-time and 60,000 part-time students, has launched a new Fintech Centre in Mumbai, India via a collaboration with the Thakur Institute of Management Studies and Research (TIMSR). According to a release: “The Seneca-TIMSR Fintech Centre… Read More
The government of Ontario is looking to updating their regulatory policies for capital markets while reducing the regulatory burden. Improvements for both large and small firms are the goal. This includes innovative businesses in Fintech as they will receive: “more flexibility in the OSC’s approach… Read More
Cutting the Red Tape. We elect and appoint public officials to represent our best interests. Far too often, these policymakers take this mandate as a carte blanche to enact new laws and craft more rules. Unfortunately, this approach can be misguided as well-intentioned politicians and… Read More
The Ontario Securities Commission (OSC) announced last week it is seeking applications for membership on its Fintech Advisory Committee (FAC). The OSC reported the FAC advises the OSC LaunchPad staff on developments in the fintech space and the challenges faced by start-ups in the securities industry. It… Read More
The Ontario Securities Commission, regulator of capital markets in Canada’s most populous economic-powerhouse province, have created a colourful new website to educate investors about cryptocurrencies: GetSmarterAboutCrypto.ca According to a release announcing the initiative, 5% of adult Ontarians, or around 500 000 individuals, now own “crypto assets,”… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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