Toronto’s Uplinq Financial Technologies has been named a finalist for a 2024 Finovate Award in the Most Impactful AI-Based Solution category. [Read more…] about Uplinq Named Finalist for 2024 Finovate Award in AI Innovation
Search Results for: open banking
Next-Gen Fintechs Set Canada’s Future Stage Among Trends Impacting Finance
For decades—actually, about a century—little transformation occurred throughout the makeup of Canada’s financial sector. The same familiar faces became “The Big Five,” a title crowned with an air of Mount Rushmore-like permanence. [Read more…] about Next-Gen Fintechs Set Canada’s Future Stage Among Trends Impacting Finance
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.
Symcor Launches AI-Powered Solution to Mitigate Payment Fraud in Canada
One of Canada’s leading business solutions provider this week announced a new launch toaddress the escalating challenge of Authorized Push Payment fraud, which is where unsuspecting individuals are deceived into electronically transferring funds to fraudulent accounts. [Read more…] about Symcor Launches AI-Powered Solution to Mitigate Payment Fraud in Canada
The Future of Authentication Is Without Passwords
If you’re like most people, you have dozens, if not hundreds of online accounts for everything from banking and shopping to watching movies, listening to music or keeping up with your friends through social media. [Read more…] about The Future of Authentication Is Without Passwords
Montreal’s Shakepay Unveils New Hire as Fintech Advances Canadian Crypto
A Canadian financial technology upstart this week announced a strategic hire.
Montreal-based Shakepay, which offers a crypto trading platform among other products, has hired Eric Richmond as the company’s new General Counsel and Head of Business Development, the company has revealed. [Read more…] about Montreal’s Shakepay Unveils New Hire as Fintech Advances Canadian Crypto
Rapidly Growing EQ Bank Adopts Tech to Streamline User Experience
Identity platform Trulioo announced today partnership with an organization that Forbes recently named the best online bank in Canada (and not for the first time). [Read more…] about Rapidly Growing EQ Bank Adopts Tech to Streamline User Experience
Canadian Fintechs Forge Ahead with Funding Despite Negative Factors
Investment in Canadian financial technology firms slowed significantly through 2023, found KPMG’s latest Pulse of Fintech report. [Read more…] about Canadian Fintechs Forge Ahead with Funding Despite Negative Factors
KOHO To Become a Bank, Teams Up With Ex-Tangerine CEO for Canadian License
Late last year KOHO Financial announced that it successfully raised an additional $86 million in a series D extension at an $800 million valuation and has surpassed one million users. [Read more…] about KOHO To Become a Bank, Teams Up With Ex-Tangerine CEO for Canadian License
Jennifer Tramontana on the Rise of Prepaid Solutions in Canada’s Fintech Ecosystem
Prepaid financial services are thriving in Canada, with collaboration between financial institutions and fintech companies leading to innovative solutions. [Read more…] about Jennifer Tramontana on the Rise of Prepaid Solutions in Canada’s Fintech Ecosystem