Canada’s Real-Time Rail is live, with Wealthsimple, KOHO and other early participants helping usher in a new era of around-the-clock payments. [Read more…] about Canada Launches Real-Time Rail With Wealthsimple and KOHO Among First Participants
Wealthsimple Announces $425 Million Round at $13.8 Billion Valuation
Wealthsimple has agreed to an equity financing round of up to $425 million at a $13.8 billion post-money valuation as it expands across Canadians’ financial lives. [Read more…] about Wealthsimple Announces $425 Million Round at $13.8 Billion Valuation
Ottawa’s PlanBase Brings AI to Financial Planning for Canadian Advisors
Ottawa startup PlanBase is looking to reduce the time advisors spend assembling and reviewing client plans with financial planning software built from scratch for Canadian financial planners, independent advisors, and firms. [Read more…] about Ottawa’s PlanBase Brings AI to Financial Planning for Canadian Advisors
Beem’s Brian Harris on Why Credit Unions Must Build for the Members They Need Next
For years, the story of banking innovation in Canada has been told as a two-player contest. On one side sit the Big Five banks, with their scale, branch networks and deep balance sheets. On the other are digital challengers, promising faster, simpler and cheaper ways to move and manage money. [Read more…] about Beem’s Brian Harris on Why Credit Unions Must Build for the Members They Need Next
Why Haventree Bank Chose to Build Its Own Digital Bank
In July, Haventree Bank, a Schedule 1 bank with decades of experience in alternative lending, launched its digital bank. It’s the first time the bank went directly to consumers, allowing them to access growth accounts and a GIC. [Read more…] about Why Haventree Bank Chose to Build Its Own Digital Bank
Ndax Launches Auto Earn to Simplify Crypto Staking
Canadian digital asset platform Ndax has launched Auto Earn, a feature that automatically enrolls supported cryptocurrency holdings in staking and distributes rewards weekly. [Read more…] about Ndax Launches Auto Earn to Simplify Crypto Staking
RBC Wealth Uses Salesforce AI to Give Advisors More Time With Clients
RBC is using Salesforce’s agentic AI technology to reduce the time wealth advisors spend preparing for client meetings, according to Salesforce Canada Country Manager Dave Borrelli. [Read more…] about RBC Wealth Uses Salesforce AI to Give Advisors More Time With Clients
DCPayments Brings Interac e-Transfer to Online Checkout in Canadian First
Canadian merchants can now offer Interac e-Transfer Business Request Money directly within their online checkout through a new capability launched by Calgary-based Digital Commerce Payments. [Read more…] about DCPayments Brings Interac e-Transfer to Online Checkout in Canadian First
Wealthsimple’s Paul Teshima Wants Canadians to See What Banking Really Costs
Canadians rarely receive a single receipt showing what it costs them to bank. Wealthsimple’s latest advertising campaign is attempting to provide one. [Read more…] about Wealthsimple’s Paul Teshima Wants Canadians to See What Banking Really Costs
RBC and BMO Are Selling Moneris. Helcim’s $53-Million Raise Shows Another Path.
The news that Moneris is being acquired has triggered a familiar Canadian refrain: outrage after a strategic asset is headed south. [Read more…] about RBC and BMO Are Selling Moneris. Helcim’s $53-Million Raise Shows Another Path.