The financial services sector today is facing a unique set of challenges as innovative new technologies and expectations from digitally native customers run up against risk management constraints and regulatory requirements. [Read more…] about The Future of Money – Key Takeaways For Modern Banking In Canada
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Relay Financial Raises USD $15 Million To Fix Small Business Banking
Toronto’s Relay Financial has raised a USD $15 million Series A funding round led by Bain Capital Ventures with participation of existing investors, Better Tomorrow Ventures, Garage Capital, Tribe Capital, Panache Ventures, and Amaranthine.
Founded by Yoseph West and Paul Klicnik, Relay Financial offers no-fee banking that streamlines day-to-day finance for small business. [Read more…] about Relay Financial Raises USD $15 Million To Fix Small Business Banking
Partnerships Power Up Innovation at the Intersection of Finance and Technology
When financial technology startups first began to disrupt Canada’s stodgy and conservative banking sector years ago, initial air between disruptors and incumbents felt thick and heavy.
Friend, the question begged, or foe? [Read more…] about Partnerships Power Up Innovation at the Intersection of Finance and Technology
Mastercard Transforms the Fight Against Scams With Latest AI Tech
Now more than ever, scammers are taking advantage of the latest technologies like AI to deceive people.
According to the FBI, across the United States people lost $12.5 billion to internet scams in 2023 alone. In the UK, fraudsters were responsible for nearly 1.4 million thefts during the first half of 2023 – the equivalent of one every 12 seconds. [Read more…] about Mastercard Transforms the Fight Against Scams With Latest AI Tech
How Canadian Startups are Poised to ‘Shake Things Up’ in Traditional Finance
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
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
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
Brim Financial Secures $85 Million to Fuel U.S. Expansion
Toronto’s Brim Financial has raised an $85 million Series C funding round on the back of strong revenue growth, rapidly increasing market share and expansion into the business and commercial segments. [Read more…] about Brim Financial Secures $85 Million to Fuel U.S. Expansion
Fintech Investment Remains Down. But Have We Seen the Bottom?
Investment in Canadian financial technology firms slowed significantly through 2023, finds KPMG’s latest global Pulse of Fintech report, which observed the number of deals drop last year by more than half and values fall nearly 30 per cent. [Read more…] about Fintech Investment Remains Down. But Have We Seen the Bottom?
Steering Through Economic Challenges: Canadian Financial Services in 2024
While the inflation rate has been steadily slowing down heading into 2024, Canada is still working its way out of an unprecedented housing crisis as Canadians feel the sting of higher rents, mortgage payments and property taxes. [Read more…] about Steering Through Economic Challenges: Canadian Financial Services in 2024