FINTRAC fines crypto giant Binance $6 million for flouting anti-money laundering laws
The penalty comes shortly after an Ontario court certified a class action against the firm.
FinTech
#CDNtech companies Nuvei, WonderFi, Thinkific saw revenue growth in Q1 2024
NowVertical’s revenue for 2023 also increased by 91 percent year-over-year to $51.7 million.
Wealthsimple enters mortgage space through Pine partnership
Wealthsimple partners with the “Wealthsimple for home buying” to help customers avoid a “sucker rate.”
F|T: The FinTech Times – Jack Dorsey’s Block investigated by US federal prosecutors
Plus: Binance CEO sentenced to four months.
ITIF president wonders whether Canada has the “political will” to fix its productivity issues
Rob Atkinson pines for a “killer instinct” while launching the CCIC.
Rogers Cybersecure Catalyst and RBC launch FinSec incubator
Incubator aims to help emerging FinTech and cybersecurity startups achieve product-market fit.
Five things you’ll want to do at the world’s most interesting crypto conference
A Canadian delegation is heading to Texas this May for Consensus 2024.
WonderFi’s Bitbuy purchases clients of Bitstamp as fellow crypto exchange exits Canada
WonderFi and some disgruntled shareholders have also reached a deal to refresh its board.
FinTech startup Fluence Technologies agrees to be acquired by Anaplan
Anaplan plans to integrate Fluence’s financial consolidation software into its own platform.
F|T: The FinTech Times – UK law enforcement can now seize crypto before an arrest
Plus: Zafin’s founder headlines latest slew of #CDNtech CEO turnover.
Wealthsimple and Koho CEOs talk productivity, entrepreneurship, and financial innovation
Two of Canada’s FinTech leaders tell founders to “get back to work.”
FreshBooks expands Stripe partnership with new embedded payments offering
FreshBooks Payments will allow businesses to invoice and collect payments in one place.
Zafin founder and CEO joins latest slew of #CDNtech executive turnover
Martello, Boast, and Illumin have also shuffled their leadership teams since the end of March.
Interac acquires “key employees,” exclusive Canadian rights to payments personalizer Vouchr
Vouchr allows users to attach personalized multimedia notifications to money transfers.
F|T: The FinTech Times – Business leaders react to open banking updates in #Budget2024
Plus: Crypto enthusiasts eager for Bitcoin’s ‘halving.’