Venture capital appears to be booming in Canada’s financial technology sector.
But, digging deeper, one discovers that the impressive success is not evenly distributed industry-wide. [Read more…] about Fintech Capital Explodes in Canada as Montreal Firms Draw Huge Investments
A Toronto financial technology firm has announced the close of a funding round.
Building on capital from 2022, the $4.6 million round of investment into Walnut Insurance was led by NAventures, with participation from TELUS Global Ventures, Diagram Ventures, Portage, and Highline Beta. [Read more…] about Toronto Tech Startup Walnut Raises $4.6M to Modernize Insurance Industry
Creative Destruction Lab this week announced a strategic collaboration with a Big Five Bank.
The collab with CIBC is oriented around artificial intelligence, according to Sonia Sennik, chief executive of CDL. [Read more…] about Major Bank Joins CDL Program to Realize ‘Transformative Potential of AI’
Following a historic round of funding, legal-and-fin-tech Clio has announced another milestone.
The BC-born technology pioneer has this year been named to the Forbes’ 2024 Cloud 100 list for the first time. [Read more…] about Growing Tech Firm Clio Ranked Among World’s Top Cloud Companies
CIBC this week announced plans to hire more than 200 technology-related roles over the next 12 months.
Specifically, the Canadian bank is seeking to fill roles in the areas of data and artificial intelligence. [Read more…] about Big Five Bank Reveals Plans to Grow Tech Team as AI Adoption Gains Steam
Financial strength was certainly a key part of Coinbase’s quarterly earnings report this week. [Read more…] about Coinbase Makes Progress Toward Achieving ‘Regulatory Clarity’ in Canada
Like TD Bank, the Canadian Imperial Bank of Commerce is openly interested in artificial intelligence technology.
CIBC announced this week, for example, a strengthening of its relationship with the Vector Institute. [Read more…] about CIBC Unveils Deepened Commitment to Advancing and Adoption AI Technology
IBM’s 2024 Cost of a Data Breach Report highlighted this week that Canadian organizations face an average cost of more than $6 million per data breach, much higher than the global average of less than $5 million, as “breaches grow more disruptive and further expand demands on cyber teams.” [Read more…] about Fintechs Suffer Hardest in Canada from Cyber Attacks, IBM Report Reveals
A growing number of Canadians are using artificial intelligence technology to help manage their finances and investments. [Read more…] about Gen Z is Tapping into AI for Help with Finance and Investing, BMO Index Finds
Nearly 15% of Canadians have experienced payment fraud in just the past six months, new data suggests, prompting concern about the risk of cyber finance. [Read more…] about When It Comes to Moving Money Online, Fraud Remains a Concern for Canadians
