Fathom4sight Newsletter: Weekly FinTech news curated by Fathom4sight!
Payments
The partnership between Xero and Flinks is designed to ease the burden of manual data entry and reconciliation for small businesses and advisors by offering more direct bank connections and high-quality transaction data across North America. | FinTech Global
RevoluGROUP Canada Inc., an innovative leader in the fintech industry, and Skylink Global S.L., a dynamic spin-off of Deutsche Telekom Global Carrier, join forces to offer a wide range of services to their customers, demonstrating the power of synergy between financial services and telecommunications. It also underlines both companies’ commitment to create solutions that make a real difference in people’s lives. | National Post
"Launching the Walletifai Wallet is a big step in our journey of financial care innovation. It is all about crystal-clear, fee-free saving", the company mentioned in a LinkedIn post. | LinkedIn
Insurance
Stanley Mutual Insurance Company is pleased to announce they have successfully implemented the Cognition+ enterprise platform for their mutual insurance operations. Cognition+ provides Stanley with a full suite of integrated Underwriting, Claims and Accounting functionality in a Cloud environment. | Insurance-Canada.ca
Applied Systems is pleased to announce a partnership with Peace Hills General Insurance Company to enable real-time quoting for commercial lines. The partnership will provide Peace Hills Insurance’s coverage options at the point of quote in Policy Works?, creating a digital commercial lines lifecycle that accelerates quote-to-bind time for Peace Hills and Applied’s combined independent brokerage partners across Western Canada. | Insurance-Canada.ca
BrokerLink continues to grow with two new acquisitions: Alberta-based Broker Age Corporation – including Broker Age General Insurance Inc. and Whitecourt Insurance Ltd. – and Ontario-based W.N. Atkinson Insurance Limited. Both companies joined BrokerLink in December 2023, bringing its total number of acquisitions to 20 this year. | Insurance-Canada.ca
Cognition+ is pleased to announce that Carleton-Fundy Mutual has elected to transform its insurance operations by adopting the Cognition+ Enterprise Insurance Platform. Carleton-Fundy will join the ranks of progressive Mutuals employing an industry-leading system that incorporates best practices across Policy Administration, Claims Management, Accounting, and Insurance Analytics with customizable workflows and APIs to better collaborate with sales channel partners and deliver exceptional service to policyholders. | Insurance-Canada.ca
Wealth Management
Monex Group, Inc., a leading Japanese financial group that runs online brokerage, crypto exchange, and asset management business in Japan and globally, will acquire the majority stake of 3iQ Digital Holdings, Inc. (together with its subsidiaries "3iQ"), a pioneer in crypto asset management in Canada. | Newswire
Webull will now allow Canadian residents the ability to trade Canadian- and US-listed equities its app, according to a statement released by the firm. Wall Street’s Webull functions squarely at the intersection of finance and technology, where it believes the future of all finance lies. | Fintech.ca
CI Financial reported preliminary total assets of $438.0 billion as at November 30, 2023, consisting of asset management assets of $122.8 billion, Canadian wealth management assets of $86.1 billion, Canadian custody assets of $24.8 billion, and U.S. wealth management assets of $204.4 billion. | Financial Post
领英推荐
Definity Financial Corporation announced that it has completed its previously announced continuance to the Canada Business Corporations Act, effective as of January 1, 2024. This is as indicated in Definity's December 12, 2023 announcement regarding the continuance and its impact. | Newswire
Canaccord Genuity Corp. has agreed to pay the Canadian Investment Regulatory Organization (CIRO) $500,000, including a $475,000 fine, for failures related to trading supervision. According to a settlement agreement document published by CIRO, the firm failed to comply with its obligations related to risk management and controls, specifically those pertaining to market access by some direct electronic access (DEA) clients from January 2017 to March 2021. | Wealth Professional
Financial Institutions
BMO announced the launch of its new BMO Eclipse Rise Visa card – a new, no-annual-fee credit card with no minimum income requirement that is ideal for Gen Z and Millennials as they look to build their financial literacy. The new card also rewards cardholders for establishing good financial habits, helping young Canadians make real financial progress as their financial needs and priorities evolve. | Newswire
RBC can proceed with its acquisition of HSBC Canada in what the big six bank has hailed an “historic transaction [that] keeps more of Canada’s banking sector in Canadian hands.” | Wealth Professional
HSBC is looking to take on money transfer behemoth Wise with the launch of a global currency conversion app. The Zing app and accompanying debit card will be launched initially in the UK before a progressive roll out to other destinations worldwide, according to an advanced report from Bloomberg. | Finextra
FI Tech & Software
IBM Canada and the University of Ottawa are pleased to announce the official opening of the new uOttawa-IBM Cyber Range. IBM’s first Cyber Range partnership on a Canadian university campus offers highly realistic cyber response training exercises to help businesses and government organizations across the country better prepare for and strengthen defences against real-world cyber threats, including how to plan, respond, manage, contain, and remediate cyberattacks. | Insurance-Canada.ca
Lending
Trez Capital, one of North America's leading non-bank commercial real estate investors and financiers, welcomes Joshua Varghese as an appointed member of the Board of Governors, which provides oversight to Trez Capital's offering memorandum funds. Mr. Varghese, a seasoned professional with an impressive track record in the real estate investment industry, brings extensive expertise to the position as a capable board member. | Newswire
Pineapple Financial Inc., a tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across Canada, announced the opening of an office in Ottawa, the nation's capital and fourth largest city. | Newswire
Others
CapIntel says that CIBC Asset Management—which manages nearly $200 billion worth of assets—has already experienced benefits of improved efficiency with the platform’s support already. Next, an extended partnership will see CapIntel’s capabilities reach to the Private Investment Counsel. Toronto’s Brim Financial announced a partnership with Mastercard to help financial institutions and fintechs roll out credit card programs using Brim’s platform-as-a-service. Long before the Covid Pandemic swept the world, Bold Commerce was already one of Winnipeg’s fastest-growing and best-funded financial technology startups. | Fintech.ca