News

Moneris Appoints James Hicks as New President and CEO

Canadian payment solutions leader Moneris has named James Hicks as its new President and Chief Executive Officer, effective mid-September. [Read more…] about Moneris Appoints James Hicks as New President and CEO

We have been saying at Fintech.ca for years now that A.I. is taking over the sector. Examples are legion.

Aligned with this trend, Shopify emphasizes the salience of artificial intelligence as a component of the Ottawa company’s essence. [Read more…] about Shopify Bets Future of Commerce on Artificial Intelligence

Canadian commerce firm Cymax Group announced this week that it has forged a partnership with Team True North member Elastic Path, the figurehead behind the Composable Commerce Movement, to launch a next-generation web platform. [Read more…] about Elastic Path and Cymax Collaborate to Compose Commerce in Canada

Toronto’s Wellfield Technologies announced today it has agreed to acquire Ottawa-based crypto custodian Brane for just under $10 million. Wellfield is traded on the TSX Venture Exchange. [Read more…] about Wellfield Set To Acquire Crypto Custodian Brane Trust

Hidden fees, convoluted benefits, and credit checks that tarnish credit scores can create frustration for business owners. [Read more…] about Shopify Launches Cashback Credit Card for Merchants

In an age of financial complexity, the need for sophisticated and intuitive trading tools is paramount.

Pilot Trading is a trading application that promises to transform the trading experience for day traders around the globe. [Read more…] about Pilot App Helps Day Traders Execute Market Strategies with AI

Earlier this year, retailer Indigo Books & Music took a major digital blow: the iconic Canadian giant’s e-commerce website was abruptly shut down due to a “cybersecurity incident.” [Read more…] about Fintechs in Canada Pay High Cost for Cyber Warfare

Canada is home to over eight million immigrants and will welcome nearly 1.5 million permanent residents over the next three years. More than 1 in 5 Canadian residents are foreign-born, and government figures show that more than 95% of the country’s population growth last year was due to international migration. [Read more…] about Scotiabank Partners with Nova Credit to Revolutionize Newcomer Access to Financial Services

Calgary-headquartered payments provider Helcim now offers ACH bank transfers through its app integration with global small business platform, Xero. [Read more…] about Helcim and Xero Partnership Revolutionizes Payments: ACH Bank Transfers Made Effortless for Small Businesses

Toronto insurtech startup Foxquilt has raised a $12 million in Series B financing. The financing spanned two rounds with the initial closing at the end of 2022, led by ICM, and the latter in recent weeks with participation from both existing and new investors. [Read more…] about Foxquilt Raises $12 Million to Expand Embedded Insurance Technology in North America