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
Flow, a Web3 platform powering games, apps and digital assets this week announced a $725 million Ecosystem Fund.
This new fund—the largest ecosystem backing of its kind—is designed to boost innovation and growth across the Flow community. It is backed by several investors including Andreessen Horowitz, Union Square Ventures, and Liberty City Ventures. [Read more…] about Flow Looking Dapper as It Launches $725 Million Ecosystem Fund for Web3
There is a new financial technology fund in Canada.
Impression Ventures recently raised $64 million to launch Impression IV, the Canadian venture capital firm’s fourth fintech fund. Supported by both Bank of Montreal and CIBC, the Toronto- and Montreal-based Impression says that IV will invest “in seed-stage firms in the US and Canada that are leveraging technology to disrupt and enhance the delivery of financial products and services.” [Read more…] about Impression Ventures Launches $64 Million Fund Targeting Seed-Stage Fintech
Consumer Genius this year unveiled a new online platform called Juggling Debt.
The simple platform from Calgary-based financial technology firm Consumer Genius is “strictly focused on helping Canadian consumers manage their debt loads,” according to the company. [Read more…] about ‘Juggling Debt’ a Platform for Canadians Looking to Lower Debt Loads
