A B.C. Securities Commission panel found this week that a B.C.-based crypto trading platform committed fraud by lying to its customers and diverting roughly $13 million of their assets to gambling endeavours. [Read more…] about Commission Concludes Canadian Company Conned Crypto from Customers
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Fintechs Suffer Hardest in Canada from Cyber Attacks, IBM Report Reveals
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
Next-Gen Fintechs Set Canada’s Future Stage Among Trends Impacting Finance
For decades—actually, about a century—little transformation occurred throughout the makeup of Canada’s financial sector. The same familiar faces became “The Big Five,” a title crowned with an air of Mount Rushmore-like permanence. [Read more…] about Next-Gen Fintechs Set Canada’s Future Stage Among Trends Impacting Finance
A Pathway to Greater Efficiency for Canadian Finance Leaders
Earlier this year, the Bank of Canada noted an urgent need for the country to elevate its productivity levels. Improving productivity through efficiency, can allow our economy to grow faster and lessen the risk of inflation. Encouragingly, this is an achievable scenario. [Read more…] about A Pathway to Greater Efficiency for Canadian Finance Leaders
Alberta Fintech Raises $2.7 Million to Transform Financing Process in Canada
A Calgary-based financial technology firm modernizing credit in the automotive industry and beyond has secured a financing round. [Read more…] about Alberta Fintech Raises $2.7 Million to Transform Financing Process in Canada
Mastercard Transforms the Fight Against Scams With Latest AI Tech
Now more than ever, scammers are taking advantage of the latest technologies like AI to deceive people.
According to the FBI, across the United States people lost $12.5 billion to internet scams in 2023 alone. In the UK, fraudsters were responsible for nearly 1.4 million thefts during the first half of 2023 – the equivalent of one every 12 seconds. [Read more…] about Mastercard Transforms the Fight Against Scams With Latest AI Tech
Canadian Shoppers Demand Faster, More Flexible Payment Options
Adyen has released its third annual Canada Retail Report for 2024, which shares data insights from Canadian consumers and retailers related to self-checkouts, Buy-Now-Pay-Later, payment preferences, concerns about fraud, and overall trends in checkout efficiency and technology. [Read more…] about Canadian Shoppers Demand Faster, More Flexible Payment Options
The Future of Money Explores the Impact of Open Banking and Emerging Technologies
Money has built society. As a technology for holding and exchanging value, money has evolved over millennia and is therefore fit-for-purpose. Money is the universal incentive-mechanism that holds society together like glue. But money is changing rapidly as the 21st century takes shape. [Read more…] about The Future of Money Explores the Impact of Open Banking and Emerging Technologies
The Future of Authentication Is Without Passwords
If you’re like most people, you have dozens, if not hundreds of online accounts for everything from banking and shopping to watching movies, listening to music or keeping up with your friends through social media. [Read more…] about The Future of Authentication Is Without Passwords
Shares in Nuvei Skyrocket as Fintech Responds to Privatization Speculation
Nuvei this week responded to recent media reports speculating that the publicly traded financial technology firm is considering going private. [Read more…] about Shares in Nuvei Skyrocket as Fintech Responds to Privatization Speculation