Bank for International Settlements and Bank of Canada launch BIS Toronto Innovation Centre
Fintech.ca
by Fintech Newsdesk
2h ago
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 ..read more
Visit website
Seven Canadian Fintechs Ready to Take Over Toronto at Collision
Fintech.ca
by Knowlton Thomas
2h ago
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. But at its core, Collision is a startup conference and this year there are over 70 fintech startups from across Canada exhibiting. The startups that exhibit at Collision are assigned to a category depending on the company size and revenue. ALPHA startups are in the pre-investment stage or have under $1 million in funding ..read more
Visit website
Seven Canadian Fintechs Ready to Take Over Toronto at Collison
Fintech.ca
by Knowlton Thomas
2d ago
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. But at its core, Collision is a startup conference and this year there are over 70 fintech startups from across Canada exhibiting. The startups that exhibit at Collision are assigned to a category depending on the company size and revenue. ALPHA startups are in the pre-investment stage or have under $1 million in funding ..read more
Visit website
Float Launches Bill Pay and Expense Reimbursements for Canadian Businesses
Fintech.ca
by Robert Lewis
2d ago
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. According to their press release today, Float drives up to 7% savings on corporate spend for Canadian companies and teams by offering 1% cashback, 4% yield on business balances, eliminating FX fees, and helping employees save up to 20 hours per month on manual expense submi ..read more
Visit website
Toronto’s Payson Solutions Unveils Fintech Integration with UK’s RiskSmart
Fintech.ca
by Knowlton Thomas
3d ago
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. The fintech collaboration is set to enhance risk management frameworks by integrating RiskSmart’s software solutions with the financial and Canadian expertise of Toronto’s Payson, according to a statement from the companies. “RiskSmart’s technology complements our commitment to providing superior financial solutions,” stated Brent Reynolds, founder of Payson. The partnership aims to tackle critical challenges in the fina ..read more
Visit website
How Fintechs Can Get Started on Their Open Banking Journey
Fintech.ca
by Robert Lewis
3d ago
On April 16, the Canadian government made a long-awaited announcement regarding Canada’s Open Banking implementation. The budget earmarked $1 million for the Financial Consumer Agency of Canada (FCAC) to support preparation for its new responsibilities and to begin development of a consumer awareness campaign. An additional $4.1 million over three years was also earmarked for the Department of Finance to complete policy work necessary to establish and maintain a consumer-driven banking framework. In a fast follow, on April 30, the government introduced the Budget Implementation Act, 2024, No ..read more
Visit website
Under ‘Tremendous Pressure’ to Adopt A.I., Fintechs Navigate ‘Complex Issues’
Fintech.ca
by Knowlton Thomas
6d ago
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. Tech modernization is the highest priority over the next three years for many chief executives across Canada, according to the report. Why? Many are sure that staying afloat tech-wise is more integral than ever to longterm success. IBM found that a majority of financial and banking executives across an array of markets around the world agree that generative AI is “perceived as the key to unlock ..read more
Visit website
Adyen Expands Canadian Presence with New Toronto HQ
Fintech.ca
by Robert Lewis
1w ago
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. Since the start of 2020, Adyen has established a strong presence in Canada, expanding its team to 26 employees across various functions to support local and global businesses operating in the region. Adyen’s new downtown Toronto office will serve as the company’s Canadian headquarters, underscoring Adyen’s commitment to sustained growth in the Canadian market ..read more
Visit website
Zūm Rails Reveals Bank-Like Ambitions as Fintech Forges Next Product
Fintech.ca
by Knowlton Thomas
1w ago
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. The forthcoming offering will enable companies to offer a suite of bank-like services directly to customers using the same platform that powers their payments capabilities, according to a statement from Zūm. “Over the past five years, we’ve proven that companies can move forward with any payment rails they want, including instant ..read more
Visit website
Square Brings Offline Payments to All Hardware Devices in Canada
Fintech.ca
by Fintech Newsdesk
1w ago
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. Whether in a remote location or facing a technology disruption, now nearly every Square seller can continue to operate and keep credit card sales flowing. Square has offered offline payments for 10 years, first bringing “Offline Mode” technology to the original Square Reader for magstripe in 2014. In early 2022, offline functionality expanded to Square Register and Square Terminal, Square ..read more
Visit website

Follow Fintech.ca on FeedSpot

Continue with Google
Continue with Apple
OR