Canadian businesses lose several billion dollars per year to payment processing fees, according to a report from Payments Canada. And many Canadians pay more in fees than their bank accounts generate in savings, a RateHub survey discovered. [Read more…] about Fintechs Demand Government Upgrade Canada’s Banking System
Abraham Tachjian Holds onto Helm as Open Banking Stalls in Canada
Last year, the federal government tapped a fintech leader to lead development toward establishing Canada’s open banking system. [Read more…] about Abraham Tachjian Holds onto Helm as Open Banking Stalls in Canada
Financial Technology Permeates Geography, Sectors in Ranking of Canadian Growth
An annual ranking of Canada’s fastest-growing companies reveals interesting insight into where the momentum of the nations economy is headed. [Read more…] about Financial Technology Permeates Geography, Sectors in Ranking of Canadian Growth
Revenue Surges 5,000% for DealMaker as Fintech Collabs with Google Cloud
A Toronto-made online platform that enables companies of all sizes to raise capital “like it’s 2023” is experiencing substantial momentum. [Read more…] about Revenue Surges 5,000% for DealMaker as Fintech Collabs with Google Cloud
Trust Science Leverages Latest Tech to Help Lenders Better Assess Borrowers
An Edmonton-based financial technology upstart is among Canada’s fastest-growing companies, according to an annual ranking from The Globe & Mail. [Read more…] about Trust Science Leverages Latest Tech to Help Lenders Better Assess Borrowers
Bitcoin Startup Shakepay Unveils New Fintech Features
A Canadian firm believes that Bitcoin is “the soundest money to ever exist,” possessing the power to fuel a “financial renaissance.” [Read more…] about Bitcoin Startup Shakepay Unveils New Fintech Features
Report Finds Friction in Fintech as Hesitancy Lingers Around AI Adoption
More than half of Canadians anticipate a recession within the next year; one-third believe we are already in a recession, according to new data from Dye & Durham. [Read more…] about Report Finds Friction in Fintech as Hesitancy Lingers Around AI Adoption
Expert Wisdom on the State of Financial Technology in Canada
Financial technology is one of the faster moving sectors in Canada, where startups launch often, innovation is disruptive, and the competition is fierce. [Read more…] about Expert Wisdom on the State of Financial Technology in Canada
Earned Wage Access Gathers Support in Canada as Big Bank Adopts Fintech
ZayZoon this month raised $46 million for its “earned wage access” platform.
The platform “helps the millions of Americans living paycheck to paycheck get by between paydays and plan for the future,” ZayZoon cofounder Darcy Tuer says. [Read more…] about Earned Wage Access Gathers Support in Canada as Big Bank Adopts Fintech
Digital Ventures Fund Launches with Crosshairs on Blockchain Innovation
When Aquanow was named digital innovator of the year by CrossTech at the 2022 Innovation Awards, chief executive officer Phil Sham pointed out how digital asset markets are now 24/7, upending traditional finance. [Read more…] about Digital Ventures Fund Launches with Crosshairs on Blockchain Innovation