AIFinTech

SKU-level data expert and SME credit provider help Canadian businesses track spending and manage finances

Sensibill and CAARY Partner to Bring Robust Digital Finance Solution to Small and Medium-sized Enterprises TORONTO, ON–Sensibill, the leading provider of everyday financial tools and SKU-level insights, and CAARY, a new credit and financial platform for small and medium-sized enterprises (SMEs), announced a partnership. Together, the companies will offer a …

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FinTechPayment ProcessingRegulatory Issues

Payments Canada welcomes inclusion of the Retail Payments Oversight Framework

OTTAWA, ON–Payments Canada applauds the inclusion of the Retail Payments Oversight Framework (RPOF), and its oversight by the Bank of Canada, as part of the 2021 federal budget, A Recovery Plan for Jobs, Growth and Resilience. “The implementation of the Retail Payments Oversight Framework is a welcome addition to Canada’s …

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FinTechIndustry Trends

5 Growth Opportunities to Seize in the Fintech Industry in 2021

Frost & Sullivan experts present key trends and strategic recommendations for the global fintech market SANTA CLARA, CA–The COVID-19 pandemic has certainly upended the financial services industry (FSI), but the overall impact it has had around the globe – on people, businesses, and the economy – is massive. The FSI …

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FinTechPOS

Financeit Announces National Partnership with Global Leader Samsung

Fintech to launch first Canadian financing program for Samsung HVAC TORONTO, ON–Financeit, Canada’s leading point-of-sale (“POS”) financing provider in the home improvement sector, announced a new partnership with Samsung HVAC. Centered around providing Canadians with Better Commerce for Better Living, the FinTech market leader will offer its leading fintech solutions …

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FinTechIndustry NewsPayments

Cambridge Global Payments Opens Platform

TORONTO, ON–Cambridge Global Payments is launching an enhanced version of the Application Programming Interface (API) platform that will open it up for third-party and software developers around the world. The latest version of the foundational platform, Payments API 2.0, will help expand the developer experience, by assisting developers to create …

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FinTechIssuers

XTM Launches Vert Visa Credit Card

TORONTO, ON–XTM, Inc. a FinTech company in the challenger banking space, has announce the launch of its Vert Card unsecured Visa credit card program and offering. This reportedly first of its kind program uses an intuitive mobile app to collect customer data and within seconds, using artificial intelligence and digital …

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FinTechIndustry News

Visa Expands FinTech Fast Track Program

SAN FRANCISCO, CA–The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly digital, FinTechs play a pivotal role in helping to restore and rebuild the global economy. To provide increased support for the ecosystem, Visa has added two new components to its …

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FinTechIndustry NewsMergers & Acquisitions

Mogo To Acquire Carta, Expand into Global B2B FinTech Market

VANCOUVER, BC–Mogo will be acquiring Carta Worldwide in an all-stock transaction that promises to accelerate Mogo’s transformation from a company that has been focused on consumer-empowering applications to a broader digital wallet and business-to-business (B2B) payments technology enterprise. The combination will create one of Canada’s largest vertically integrated FinTech companies …

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FinTechIndustry NewsPayTech

Adyen Alums get $4.7 m to Launch Silverflow

AMSTERDAM, NL and LONDON, UK–Silverflow, a global payment technology company, has announced a €2.6 million ($4 million CAD) seed funding round. It was led by UK-based seed-stage investor Crane Venture Partners with participation from INKEF Capital and angel investors and industry leaders from Pay.On, First Data, Booking.com, and Adyen. With …

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FinTech

Cloud Computing: Darker Skies Ahead?

          By John Ingold (left) and Michael Moerman, Capco Canada’s highly concentrated financial services market is dominated by the top 11: Six Domestic Systematically Important Banks (D-SIBs), one large foreign bank, one large regional co-operative, and three large life insurance entities. The fear for many is …

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