Calgary crypto exchange Catalyx permanently barred from operating
Former crypto exchange’s CEO, Hyuk Jae Park, will also pay a $90,000 fine to Alberta Securities Commission.
FinTech
Questrade is remaking its platform for an AI-driven investing market
Digital brokerage showcased chatbot-driven investing, research, and trading options at summer product showcase.
Wealthsimple reports “biggest quarter ever” as it nearly doubles assets under management in a year
Toronto FinTech firm added roughly 200,000 users and recorded largest-ever quarter for net deposits.
Ramp fully launches in Canada alongside new Toronto office
New York-based FinTech enters a market currently held by domestic players like Float and Venn.
Vena Solutions set to acquire Morpheo AI in agentic capability push
Toronto startups combine to deepen the role of AI in financial planning and analysis.
Tenor raises $2.5 million USD to build blockchain-based lending platform
Québec crypto startup wants a world where more borrowing happens on-chain.
APX teams up with Netcoins to offer crypto-backed loans
Netcoins is the first Canadian platform using APX’s lending-as-a-service infrastructure.
Crypto sector says Canada’s regulatory uncertainty limiting domestic innovation
Industry leaders argue risk aversion to blame for country’s patchwork rules and slow implementation.
Manzil launches “halal version of Robinhood” in US as it eyes global growth
The Islamic FinTech startup is moving from managed investing to self-directed trading.
Canada’s real-time rail system will launch this year after achieving “critical milestone”
After years of consultations and delays, finance minister approves the RTR system’s bylaw and rules.
Mortgage B-lender Haventree launches online bank
Schedule 1 Canadian bank now offers chequing-and-savings accounts and GICs.
Paystone enters creditor protection, pursues debt restructuring, sale
London FinTech firm says debt-fuelled acquisition spree, billing error leave its options limited.
US finance app SoFi acquires Composer to add AI investing strategies
Acquisition of Toronto FinTech bolsters SoFi’s case to be “the everything app for digital financial services.”
Feds release proposed open banking regulations
Draft rules would require banks to share account, transaction data upon request.
Float announces $85-million Series C round to support AI push
Fast-growing Toronto FinTech now serves more than 7,500 Canadian businesses.