Canadian securities regulators announce review of framework for self-regulatory organizations
TORONTO and VANCOUVER, BC–The Canadian Securities Administrators (CSA) will undertake a review of the regulatory framework for the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). “The regulatory framework for these self-regulatory organizations has been in place for several years, and the …
Study unveils Canada’s 32 publicly traded companies with cryptoasset holdings; estimates combined crypto holdings at more than CAD$100M
Despite lack of standardized guidance for cryptoasset holdings, the majority of the Canadian public companies applied a principles-based approach TORONTO, Dec. 12, 2019 /CNW/ – With the rapid proliferation of the cryptoasset market, there is still significant ambiguity in professional financial communities regarding this new asset class. Today, Chartered Business …
Opening the borders to opportunities
Canadian credit unions take steps to expand international payments By Brian Raine The payments environment in Canada and internationally is in flux. But credit unions are not just keeping pace with that change, they are now leading it. Bringing the benefits of low transaction fees, digital interfaces and convenience to …
Libra: the AOL of crypto?
By Daniil Saiko The earliest iteration of email was a fringe application, only used by tech-savvy engineers and hobbyists. That changed with the introduction of AOL, which took the Internet and email from fringe to mainstream. Despite the mass amount of media coverage, cryptocurrencies are in the same position as …
How Gen Z guides payments
By Daniel Kornitzer ECommerce and mobile commerce (mCommerce) continue to grow in Canada. eMarketer forecasts that 31.5 per cent of the $64.6 billion in eCommerce sales in 2019 will be carried out using a smartphone or tablet. The connected growth of eCommerce and mCommerce is being driven in part by …
Gaming: from play to pay
By Paul Parisi Today’s gaming industry has evolved dramatically over the past few years. According to the 2019 Newzoo Global Games Market Report, the global gaming economy is a major industry with over $150 billion in gaming revenue and an 11 per cent annual revenue growth. With that growth comes …
Future-shaping trends
Look for personalization, redemption options and “points as currency” By Len Covello The loyalty industry in Canada has left brands and consumers wanting more. The issue is that many of today’s loyalty programs run on unsophisticated technologies with little segmentation capabilities and zero personalization features. When it comes to loyalty …
Combatting fraud with centralized data
By Stacy Gorkoff The Greek philosopher Aristotle once said, “The whole is greater than the sum of its parts.” When it comes to guaranteeing that every payment transaction completes as expected, this statement could not be more accurate. For retail banks, independent ATM deployers (IADs) and payment processors, transactions are …
Building the Digital ID foundation
By Neil Butters The payments industry has already made significant progress helping Canadians adopt and embrace new technologies, such as contactless and digital payments. Now it’s time to apply what we’ve learned to the development of a truly digital ID that will help people unlock the full potential of the …
Bright forecast for payments modernization
By Tracey Black Payments modernization around the world continues to progress, addressing consumer and business needs for greater speed, flexibility and security. In its sixth annual Flavors of Fast report, FIS identified 54 countries with active real-time payment programs, up from 40 in 2018. Here in Canada we are making …