As the B.C.-born real estate investing platform approaches 50 opportunities since launching in 2018, addy Technology this week introduced a new product on the platform. [Read more…] about Addy Pioneering ‘Era of Accessible Real Estate Investments’ with Latest Launch
News
Alberta Fintech Raises $2.7 Million to Transform Financing Process in Canada
A Calgary-based financial technology firm modernizing credit in the automotive industry and beyond has secured a financing round. [Read more…] about Alberta Fintech Raises $2.7 Million to Transform Financing Process in Canada
Bank for International Settlements and Bank of Canada launch BIS Toronto Innovation Centre
The Bank for International Settlements (BIS) and the Bank of Canada today launched the Toronto Innovation Centre, the first such centre to be established in the Americas and the seventh to be opened by the BIS in collaboration with partner central banks around the world.
The centre will explore the development of new technologies to make the financial system more efficient and inclusive, both in Canada and throughout Latin America and the Caribbean.
“Fostering innovation has never been more crucial; that’s as true for central bankers as it is for business leaders. As the financial sector continues to evolve, we need to innovate in different areas and apply skills that aren’t traditionally associated with central banking. By doing so, Canadians can share in the benefits of innovation. That’s why this hub and our partnership with the BIS are so important,” commented Tiff Macklem, Governor of the Bank of Canada.
The Toronto Innovation Centre will be headed by Miguel Diaz and will initially focus on projects to explore next-generation financial market infrastructures, innovation for regulatory, supervisory and oversight purposes (suptech) and open finance.
These are three of the BIS’s six priority themes for its Innovation Hub. Others are cyber security, green finance and central bank digital currencies, and are the focus of other Hub centres.
Seven Canadian Fintechs Ready to Take Over Toronto at Collision
One of the world’s largest tech conferences returns to Toronto next week.
The venerable Collision, slated for June 17th through 20th at Enercare Centre, connects technology ecosystems across Canada with global opportunity through a week of sessions, workshops, and networking. [Read more…] about Seven Canadian Fintechs Ready to Take Over Toronto at Collision
Float Launches Bill Pay and Expense Reimbursements for Canadian Businesses
Fintech startup Float has announced the expansion of its product portfolio with the introduction of two new solutions: Float Bill Pay and Float Reimbursements.
These additions make Float the first business finance platform in Canada designed to offer an end-to-end solution that simplifies all non-payroll spending. [Read more…] about Float Launches Bill Pay and Expense Reimbursements for Canadian Businesses
Toronto’s Payson Solutions Unveils Fintech Integration with UK’s RiskSmart
A Canadian financial services consultancy focused on fintechs and lenders announced this month a collaboration with RiskSmart, a UK-based provider of risk management software. [Read more…] about Toronto’s Payson Solutions Unveils Fintech Integration with UK’s RiskSmart
Under ‘Tremendous Pressure’ to Adopt A.I., Fintechs Navigate ‘Complex Issues’
As fintechs ramp up adoption and usage of various artificially intelligent technologies, companies face “workforce and culture challenges,” suggests a new report from IBM’s Institute for Business Value. [Read more…] about Under ‘Tremendous Pressure’ to Adopt A.I., Fintechs Navigate ‘Complex Issues’
Adyen Expands Canadian Presence with New Toronto HQ
Today, Adyen, the global financial technology platform of choice for leading businesses, announced the opening of its Canadian headquarters in Toronto, underscoring Adyen’s commitment to sustained growth in the Canadian market. [Read more…] about Adyen Expands Canadian Presence with New Toronto HQ
Square Brings Offline Payments to All Hardware Devices in Canada
Offline payments, Square’s no-connection-required solution to deliver continuous commerce connectivity, is now available to Square sellers using every hardware device, and in every country – including Canada. [Read more…] about Square Brings Offline Payments to All Hardware Devices in Canada
Zūm Rails Reveals Bank-Like Ambitions as Fintech Forges Next Product
Zūm Rails is working on perhaps its most ambitious product yet.
The Montreal-born financial technology firm, known for merging open banking and payments so businesses can use whichever rails they want, today announced the development of a Banking-as-a-Service project. [Read more…] about Zūm Rails Reveals Bank-Like Ambitions as Fintech Forges Next Product