- August 12, 2024
Canadian bank Scotiabank plans to acquire a 14.9% stake in Cleveland-based KeyCorp, which operates about 1,000 KeyBank branches in 15 U.S. states and provides corporate and investment banking products.
Pending regulatory ...
- July 25, 2024
Float, which offers a business finance platform for Canadian companies, has chosen Airwallex to power its new bill pay product.
The new product enables fast and cost-efficient bill payments for both ...
- June 27, 2024
Buy now, pay later (BNPL) firm Sezzle has expanded Payments Streaks, a program that rewards users for consistently making timely payments, to Canada, with the exception of Quebec.
This move follows ...
- June 14, 2024
VersaBank needs only one more regulatory approval to proceed with its acquisition of Stearns Bank Holdingford.
The bank received approval from the Office of the Comptroller of the Currency (OCC) Friday (June 14) ...
- June 7, 2024
VersaBank received one of two U.S. regulatory approvals it needs to proceed with its previously announced proposed acquisition of Stearns Bank Holdingford.
The Federal Reserve announced its approval of the bank’s ...
- May 29, 2024
Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform.
The round, which valued the company at $40 million, will support its development of ...
- May 27, 2024
Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to use buy now, pay later ...
- May 16, 2024
Three years after its launch in the United States, Walmart Luminate, the retailer’s insights solution, is being rolled out worldwide.
Walmart’s data analytics product suite will be expanded to Walmex in Mexico before being ...
- April 30, 2024
Canada’s Scotiabank has a new CEO for its global banking and markets (GBM) business.
Travis Machen, who joins the bank from Morgan Stanley, is set to take on his new position on May 6, ...
- April 18, 2024
Canada’s federal budget, released this week, includes a proposal to limit the fees that banks charge customers for overdrawing their accounts.
This move is expected to provide relief for low-income clients ...
- April 17, 2024
Canada’s Parliament is considering a tax on digital services revenue that would impact the world’s biggest tech companies.
The legislation would cover companies’ digital services revenue made from Canadian users, imposing ...
- March 22, 2024
Stripe is now powering payments for retailers using Amazon’s Just Walk Out technology in Australia and Canada.
With Stripe Terminal and Stripe Connect enabling in-person payments for retailers using that technology, ...
- February 21, 2024
Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico.
U.S. and Canadian customers can now send money from ...
- February 7, 2024
Payments Canada, the public purpose organization responsible for owning and operating Canada’s payment systems, is undergoing a leadership transition.
Tracey Black, the president and CEO, has decided not to renew her ...
- February 6, 2024
Global payments firm Payroc WorldAccess has acquired Canadian firm SterlingCard Payment Solutions.
This acquisition enhances Payroc’s offerings in the Canadian market by adding Sterling’s card-present solution to its existing enterprise card-not-present ...
- February 6, 2024
Real-time payments have continued their growth in 2024 so far, with several developments unfolding in various countries around the globe. Angola, for one, has taken its initial dive into the ...
- January 22, 2024
Visa Canada will support the entrance of accelerator and venture capital (VC) firm Plug and Play into the Canadian FinTech market.
This collaboration will enable Canadian FinTechs to access Visa’s global network; join exclusive, ...
- January 8, 2024
Canada is reportedly upping its use of artificial intelligence (AI) to combat money laundering.
Donna Achimov, deputy director of the country’s Financial Transactions and Reports Analysis Centre (FINTRAC) told Reuters Monday (Jan. 8) ...
- December 12, 2023
Payments platform ConnexPay has added acquiring in Canadian dollars to its virtual card issuing offering.
The expansion lets ConnexPay customers process payments in Canadian dollars (CAD), according to a Tuesday (Dec. 12) press ...
- November 30, 2023
Toronto-Dominion Bank, Canada’s second-largest lender, has reportedly undertaken a restructuring plan that includes a 3% reduction in its workforce.
The job cuts will be implemented through attrition as well as targeted ...
- November 15, 2023
Ocado Group is applying its technology outside the online grocery space for the first time, making it the latest eGrocery company to expand beyond the category.
The eCommerce technology company, which ...
- October 20, 2023
Poshmark is shuttering some overseas operations and paying greater attention to America’s recommerce market.
“In order to focus on Poshmark’s North America business and drive meaningful growth in its core markets of ...
- September 20, 2023
Square has partnered with Jane Technologies, an online ordering platform service for cannabis dispensaries, to enter the cannabis market in Canada.
This collaboration seeks to cater to the needs of cannabis retailers in ...
- September 14, 2023
BigTime Software, an operating platform for professional services organizations, has partnered with BlueSnap, a global payment orchestration platform, to bring online payment and financial management capabilities to its customers in Canada.
This ...
- September 12, 2023
Visa Canada has announced the appointment of Sam Fuda as the new vice president, head of commercial and money movement (CMS), Canada.
Fuda succeeds Jim Filice in this role, Visa Canada said in a press release ...
- September 5, 2023
FinTech firm ebankIT, in collaboration with Home Trust, launched a digital platform to offer seamless and integrated user experiences to Home Trust’s mortgage clients, according to a Tuesday (Sept. 5) ...
- August 29, 2023
Bank of America has launched its Global Digital Disbursements solution in Canada.
This solution aims to support business-to-consumer (B2C) payments and consumer-to-business (C2B) request for payments, providing a cost-efficient and customer-friendly alternative to cash ...
- August 24, 2023
TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules.
The bank made this disclosure in its report to shareholders for the ...
- August 16, 2023
Coinbase has teamed with open banking provider Trustly as it expands into Canada.
The partnership, announced Wednesday (Aug. 16), lets Coinbase users in Canada deposit and withdraw funds from their bank ...
- August 14, 2023
Coinbase has officially expanded into Canada as it continues to battle regulators stateside.
America’s largest cryptocurrency exchange announced Monday (Aug. 14) that it was working with financial services firm Peoples Trust ...
- August 11, 2023
It’s a widely reported data point that 93% of central banks are in at least some stage of deploying — or at least exploring — central bank digital currencies (CBDCs).
But ...
- July 5, 2023
The Canadian government and two companies have fired back in a dispute with Meta Platforms.
The government, media firm Quebecor and cable television operator Cogeco Communications have said in separate announcements that they have halted ...
- June 22, 2023
Embedded payments solution provider Fortis has expanded to Canada, added a new feature and acquired SmartPay.
The expansion to Canada, which is Fortis’ first market outside the United States, makes all of the company’s solutions available ...
- June 6, 2023
After avowing that its DashPass subscription growth strategy was centered not on partnerships but on organic channels, DoorDash has changed its tune, at least in Canada.
The aggregator announced Tuesday (June 6) that it is partnering with Amazon ...
- May 16, 2023
Vault has launched an all-in-one online financial platform for small- to medium-sized businesses (SMBs) in Canada.
The platform is designed to give SMB owners access to financial products and services that are not easily ...
- May 14, 2023
Binance says new regulations in Canada have forced it to exit that country’s crypto market.
“We had high hopes for the rest of the Canadian blockchain industry,” the world’s largest crypto exchange ...
- April 13, 2023
Payments company Stripe and buy now, pay later (BNPL) provider Affirm have expanded their partnership.
According to a Thursday (April 13) news release, the expansion makes Affirm’s Adaptive Checkout feature available ...
- April 11, 2023
The speed with which AI is radically transforming global economies has not escaped regulators’ attention.
As fears continue to grow over the potential use-case implications of artificial intelligence (AI), lawmakers around ...
- March 14, 2023
Tabit and Lenovo have partnered to offer business-to-business (B2B) buy now, pay later (BNPL) in Canada.
With this collaboration, Tabit’s B2B BNPL payment method will be integrated into Lenovo’s offerings so ...
- March 2, 2023
Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations to shift focus on revamping ...