Canada’s finance sector is a “textbook case of an industry primed for disruption by fintech,” according to a new report from McKinsey & Company. [Read more…] about How Canadian Startups are Poised to ‘Shake Things Up’ in Traditional Finance
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VoPay and Mastercard Partner to Enhance Fast, Secure Money Transfers
Vancouver-headquartered VoPay and Mastercard have announced a strategic partnership that will simplify both domestic and cross-border money movement for businesses and consumers in Canada. [Read more…] about VoPay and Mastercard Partner to Enhance Fast, Secure Money Transfers
What Canada’s Favourite Fintechs Are Up To in 2024
The financial technology space is among the more competitive and rapidly evolving sectors.
In a world of digital transformation, the flow of capital is naturally an area where tremendous effort toward innovation would be placed. [Read more…] about What Canada’s Favourite Fintechs Are Up To in 2024
Coinmiles and Hypatos Win at Canadian Fintech Summit’s Pitch Battle
The Canadian Fintech Summit took place in Toronto this week and the highlight of the conference was the Pitch Battle Competition.
Presented by Canadian VC firm Framework, the Canadian Fintech Summit is an annual gathering of fintechs, investors, enterprises, financial institutions and service providers.
The Pitch Battle competition included a lineup of curated, high quality fintech startups from around the world pitching the audience.
Pitch Battle contestants were separated into two streams, one sponsored by EY and one by Scotiabank, to pitch their business, innovation or idea followed by a Q&A with expert VC and corporate judges.
The EY Pitch Battle included pitches from Zengines, Hypatos, Incode, FindBob, Authentic.Art, Yazz Money, VigilantCS, Happily.ai, DatumXpress, and Optimity.
The Scotiabank Pitch Battle included Tribevest, Walnut Insurance, Redport, Coinmiles, Ubineer, Jybe, Bōde, MARVL, Obsiido, and Financial Information Automation.
EY’s Alex Mohelsky announced their winner Hypatos and presented the award to CEO Dr. Uli Erxleben along with a $30K prize package of EY advisory services to help fuel their growth. The German startup has ties to Canada through with Series A investment from Framework in 2022.
Montreal’s Coinmiles won the Scotiabank Pitch Battle for their reward platform that allows users to earn digital rewards like Bitcoin or cash when they shop online, in-store, or when they travel.
Prepaid and Beyond: Unpacking Payment Innovations at 2024 CPPO Symposium
The promise of payments innovation is to create more convenient, cheaper, secure, and inclusive payment methods that enhance the overall financial experience. [Read more…] about Prepaid and Beyond: Unpacking Payment Innovations at 2024 CPPO Symposium
Why Balance Takes the ‘Harder Path’ Building Crypto Technology in-House
In 2022, Canadian crypto custodian Balance celebrated its fifth anniversary with $500 million of assets under custody.
Founded in June 2017, the Toronto-born fintech—which recently moved its headquarters to Calgary—introduced its custody services in a closed pilot in August 2018. A public launch followed one year later. [Read more…] about Why Balance Takes the ‘Harder Path’ Building Crypto Technology in-House
With an Aim to Surpass the Big Banks, Wealthsimple Pushes Out New Features
In 2024, Wealthsimple continues to bolster features on its platform.
The steadily growing financial technology firm, founded in Toronto in 2014, has been consistently expanding its offerings over the years—what started as a simple, limited financial app eventually evolved into a do-it-all “super app.” [Read more…] about With an Aim to Surpass the Big Banks, Wealthsimple Pushes Out New Features
Fresh from Y Combinator, Senso is Using AI to Manage Knowledge for Enterprises
In traditional industries like financial services, knowledge can feel stuck.
Existing knowledge bases weren’t designed for modern LLMs, and the time it takes for marketing and support teams to access information can negatively impact retention, loyalty, and sentiment. [Read more…] about Fresh from Y Combinator, Senso is Using AI to Manage Knowledge for Enterprises
Wilbur, the New Canadian Budgeting App with a Money-Earning Edge
Creating and sticking to a budget is key to financial success, but it can also result in feelings of stress and anxiety for many Canadians. [Read more…] about Wilbur, the New Canadian Budgeting App with a Money-Earning Edge
A.I. is Already Everywhere in Fintech—But Regular Canadians Aren’t Sold Yet
39% of Canadians believe we are currently in a recession, new data from Dye & Durham shows, up from last year. [Read more…] about A.I. is Already Everywhere in Fintech—But Regular Canadians Aren’t Sold Yet