Canada

CIBC’s Mobile Banking App Turns 10 Years Old, Marking the Moment When Bank Became First in Canada to Offer the Service

CIBC’s mobile banking app recently turned 10 years old, notably marking a decade since the institution became the first large Canadian financial institution to provide an innovative mobile banking app to customers. In a February 2 press release, CIBC reflected on the key milestones the… Read More

Canada and Open Banking: Second Phase of Review is Announced

Open Banking means different things for different people – depending on the regulatory jurisdiction where you are standing. First championed by the UK, in brief, Open Banking can mean mandated APIs for financial services firms to facilitate interoperability and choice in a very secure manner…. Read More

Leading Canadian Investment Platform FrontFundr Raises Capital, Updates on Status of Crowdfunding & Possible Secondary Market for Private Securities

FrontFundr, a Vancouver based Fintech and leading investment crowdfunding platform in Canada, is raising capital while advocating on behalf of a more common-sense approach to online capital formation. Canada is a smaller market that has an active early-stage community and a dedicated professional sector promoting… Read More

goPeer Claims First Regulatory Approval to Operate Peer to Peer Lending Platform

goPeer, a peer to peer lending platform, has received regulatory approval as an exempt market dealer in both Quebec and Ontario. In Canada, financial services are regulated at the provincial level and thus most aspiring Fintechs must receive approval to operate in each province.  goPeer… Read More

University of Toronto Joins Forces With Trilogy Education to Launch FinTech Boot Camp in Toronto

University of Toronto School of Continuing Studies (SCS) announced on Tuesday it has joined forces with Trilogy Education, a 2U, Inc. brand and leading workforce accelerator, to launch a fintech boot camp in the city. According to the school, the University of Toronto SCS FinTech Boot… Read More

Mastercard Announces New Global Intelligence & Cyber Center in Vancouver

Mastercard announced on Thursday its new Intelligence and Cyber Center. The center, which is located in Vancouver, Canada. is expected to expand the multinational financial services giant’s Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cybersecurity,… Read More

Lawyer Amy ter Haar on the Ontario Securities Commission’s New Guidance for Cryptocurrency Trading Platforms

Toronto lawyer Amy ter Haar has provided her take on the Ontario Securities Commission’s (OSC’s) CSA Staff Notice 21-327: Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets. In short, the guidance could render any cryptocurrency trading platform subject to… Read More

Canadian Securities Administrators: If Sole Control of “CryptoAssets” Does Not Go to Customer, Trading Platforms Subject to Securities Laws

The Canadian Securities Administrators (CSA) have made a major announcement regarding the regulation of cryptocurrency and “cryptoasset” trading platforms in the country, one that could add significant operational costs in the near term. Under the guidance, unless they have obtained an exemption, cryptocurrency trading platforms in… Read More

Win Some, Lose Some: DMG Cryptomining Expands Facility in Canada, Winds Down Business in Texas

Canadian cryptocurrency mining management company DMG Blockchain Solutions (TSX-V: DMGI) (OTC:DMGGF) (FRANKFURT:6AX) says it has been, “engaged to host 1,000 new miners for a new client based in the US.” The company has also stopped servicing 15 000 machines at Bitmain’s cryptomining facility in Rockdale,… Read More

Canadian Fintech Katipult Selects Gord Breese as New CEO

Katipult Technology Corp. (TSXV: FUND), a Fintech providing software powering online capital formation and digital private placements, has selected Gord Breese to the position of President and Chief Executive Officer of the Company effective January 6th, 2020. Breese will also be joining the Board of… Read More

Ontario Securities Commission Launchpad Surveys Due January 3rd, “Candid Insights” Welcome

Companies wishing to provide the Ontario Securities Commission (OSC) with, “feedback on the regulatory and capital raising challenges faced by innovative businesses at various stages of development,” have until Friday, January 3rd, to complete the OSC’s Launchpad Survey. The survey was designed in collaboration with… Read More

Bank of Canada Vision 2020: “Big Issues” Anticipated, Country on Track

Bank of Canada governor Stephen S. Poloz presented the bank’s 2020 vision at the Empire Club of Canada in Toronto December 12th. In the speech, Poloz described “major forces acting on the economy…(and) what the Bank will be doing about them.” With regards to Fintech,… Read More

Widow of QuadrigaCX Crypto Exchange Founder “Shocked and Saddened” by Request to Exhume Husband’s Body

The widow of QuadrigaCX cryptocurrency exchange founder Gerald Cotten is reportedly “shocked and saddened” that lawyers for harmed investors have asked for Cotten’s body to be exhumed. Cotten reportedly died in India last December when acute symptoms of Crohn’s disease overcame him while he was on… Read More

Take Care Using Cryptocurrency ATMs

The first ATM ever to dispense cryptocurrency materialized like a clunky Venus in her shell at a Waves cafe in downtown Vancouver in October 2013. The machine was reportedly installed by Bitcoiniacs in cooperation with a Nevada firm called Robocoin, a company Spectrum says once sourced Bitcoins… Read More

Canadian Brothers Plead Guilty to Defrauding Oregon Woman Out of $140 000 in Bitcoins

Two young brothers from Surrey, British Columbia, have plead guilty to defrauding a 63-year-old Oregon woman out of bitcoins worth $140 000 USD at the time and ~$162 ooo at current prices. The Oregonian reports that Jagroop Singh Khatkar, 24, and Karanjit Singh Khatkhar, 23, plead guilty before… Read More

TransferWise for Banks Partners EQ Bank to Help it Offer Faster Cross-Border Funds Transfers

EQ Bank, a digital platform provided by Equitable Bank, Canada’s Challenger Bank, revealed that it has teamed up with TransferWise, a leading UK-based money transfer service. Following the partnership, EQ Bank is offering faster cross-border funds transfers that are up to 8x cheaper for the… Read More

Lawyers for Harmed Users of QuadrigaCX Ask RCMP to Exhume Founder’s Body

Lawyers appointed to represent users harmed by the failure of the cryptocurrency exchange QuadrigaCX have asked the Royal Canadian Mounted Police (RCMP) to exhume the body of the exchange’s founder, Gerald Cotten. The letter from the Miller Thompson law firm in Toronto states: “The purpose… Read More

Great Hill Announces Plans to Acquire VersaPay

Growth-oriented private equity firm Great Hill announced on Friday it is set to acquire VersaPay (TSXV: VPY),  a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment. According to the duo, Great Hill will indirectly acquire all of the issued and outstanding common… Read More

Global Payments Tech Provider Nuvei Secures $270 Million Through Equity Financing; Brings Valuation to $2 Billion

Nuvei, a global payment technology provider based in Canada, announced on Wednesday it secured $270 million in common equity financing, valuing the company at $2 billion. Nuvei reported that the investment comes primarily from its existing shareholders, which includes Canadian private equity firm Novacap, supported… Read More

FrontFundr Officially Announces Partnership with DealSquare thus Expanding Investor Access to Private Securities Offerings

Peter-Paul Van Hoeken

FrontFundr, Canada’s largest equity crowdfunding platform and exempt market dealer, has partnered with DealSquare, a centralized platform for private securities offerings. Crowdfund Insider previously revealed the news when it was posted on an affiliated website. Silver Maple Ventures, the holding company of FrontFunder, said in… Read More

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