The notion of “Open Banking” has been taking the financial sector by storm recently.
Indeed, we have not observed such buzz over a term in the industry since “Fintech” itself was coined.
As with all financial terms, the first question anybody asks is “What the heck does it mean?” [Read more…] about What Does Open Banking Mean in Canada? The Government is Still Trying to Decide
The federal government recently tapped a known fintech leader to lead development in establishing Canada’s open banking system.
The Department of Finance Canada named Abraham Tachjian, director of digital banking at PwC Canada, as “the open banking lead,” a handle which he relishes online. [Read more…] about PwC’s Abraham Tachjian is Canada’s Open Banking Lead
San Francisco-headquartered fintech giant Plaid is planning to increase its focus on Canada, as the country’s impending implementation of an open banking system promises to accelerate the growth of third-party financial apps and services. [Read more…] about With Open Banking On The Horizon, Silicon Valley’s Plaid Looks To Canada
The consumer mobile experience has been ranked in an annual review of Canadian banking apps.
Independent ranking firm Surviscor recently unveiled The Mobile Consumer Banking Review, which examines “the entire mobile journey, focusing on how customers navigate common banking tasks and processes.” [Read more…] about Tech-Focused CIBC Earns Another Top Ranking for Mobile Banking Apps in Annual Review
The tech-forward VersaBank this week celebrated its position as a winner at this year’s third-annual CIO Awards Canada powered by IDC. [Read more…] about London’s VersaBank Earns Award for Innovating Key Banking Process with Cloud Tech
Loop was originally conceived in Canada in 2015 as a financing provider but by 2022 had pivoted to a solution targeting pain points faced by small- and medium-sized businesses seeking to grow operations. [Read more…] about Toronto’s Loop Raises $6.4M to Further Expand Digital Banking-for-Business Platform
New research from the Canadian Prepaid Providers Organization (CPPO) and Datos Insights reveals that the Canadian open-loop prepaid card market continues to grow and is poised to reach $19 billion in annual loads by 2028. [Read more…] about Canadians Open Prepaid Accounts at Higher Rate than Debit or Credit
TD Bank Group today announced the launch of TD Innovation Partners (TDIP), a new full-service team providing bespoke, high-touch banking and financing solutions in support of technology and innovation companies at all stages. [Read more…] about TD Bank Unveils Bespoke Banking Solution for Startups
Xero, the global small business platform, today announced it is partnering with Montreal’s Flinks to give small businesses in Canada and the United States secure access to more than 20 direct bank connections and high quality transaction data. [Read more…] about Xero Partners with Flinks to Revolutionize Banking Data Access for Small Businesses
Since spinning out of Deloitte in 2020, Arteria has experienced significant momentum, including a tripling of recurring revenue within the past year.
The Toronto-based financial technology firm has also raised $50 million toward its mission of improving documentation processes at scale using generative artificial intelligence. [Read more…] about Toronto Fintech Recognized by Gartner for AI-Powered Banking Solution
