Block Inc., the parent company of Square and Cash App, introduced a Bitcoin payment feature for merchants using its Square platform, enabling over 4 million sellers worldwide to accept Bitcoin transactions with instant settlement.

BMO has launched BMO Credit Coach, a free credit monitoring and reporting tool to help clients understand, track, and improve their credit health without affecting their credit scores.

Tangerine Bank, a subsidiary of Scotiabank, has signed a 10-year agreement with Engine by Starling - the SaaS arm of the Starling Group - to power a new cloud-native banking platform for over two million clients in Canada.

Questrade Financial Group has officially received approval from the Office of the Superintendent of Financial Institutions (OSFI) to launch Questbank, a Schedule I domestic bank.

KONEK is a new e-commerce payment platform that transforms how Canadians pay and send money online. Developed by Interac Corp. with major financial institutions, KONEK unites multiple payment options in one secure digital interface.

Canada's major financial services, telecommunications, and technology companies have united with law enforcement and the federal government to launch the Canadian Anti-Scam Coalition (CASC) - the country’s first unified effort to combat scams targeting consumers.

Western Union is introducing the U.S. Dollar Payment Token (USDPT) - a U.S. dollar–backed stablecoin - along with a Digital Asset Network to connect digital and fiat economies.

This marks a clear signal that Wealthsimple’s strategy - building a full-stack financial platform for Canadians, spanning investing, credit, and banking - is resonating with both investors and consumers.

The designation subjects these companies to new RPAA compliance rules while granting them direct access to payment rails - enabling money transfers without relying on banks.

Burnaby-based legal tech firm Clio has launched ClioCon, a new enterprise division built for large law firms and corporate legal departments.

The suite unites Clio Operate, Clio Docket, Clio Library, and Vincent by Clio, integrating case management, analytics, and AI-driven legal research. Built on acquisitions like ShareDo (UK) and vLex (Spain), it helps teams manage complex operations across jurisdictions.

The Canadian Government, led by François‑Philippe Champagne (Minister of Finance), announced the nation’s first National Anti-Fraud Strategy and plans to establish a dedicated Financial Crimes Agency by spring 2026 to tackle high-level financial crime.

FIS is preparing to launch Smart Basket, a real-time, item-level purchase intelligence platform designed to make checkout and payments faster and smarter.

CIBC has launched CIBC CRTeX, an AI-driven client engagement engine that delivers personalized financial solutions. The engine utilizes real-time client data and preferences, enabling the bank to offer tailored advice and services across various channels, including online, mobile, contact centers, and physical banking locations.

Citi plans to roll out a cryptocurrency custody service for institutional clients in 2026. In development for nearly three years, the service will let the bank hold native crypto assets on behalf of asset managers and other institutions.

OpenAI is looking to expand its presence in Canada, recognizing the country’s growing role in global AI innovation.

PayPal is making holiday shopping more affordable with a new 5% cash-back offer on all Buy Now, Pay Later (BNPL) purchases made through its platform in the U.S., valid through year-end.

Fathom4sight is attending the Global Fintech Fest 2025 (GFF 2025) in Mumbai, with Senior Research Analyst Priyamoni Debnath on the ground. Now in its sixth edition, GFF has become one of the world’s largest gatherings focused on technology-driven financial inclusion and innovation.

At the Canada Fintech Forum 2025, Fathom4sight delivered a forward-looking session - “Canada FinTech: 2025 and Beyond.”
The discussion unpacked the key forces shaping Canada’s financial innovation landscape: from funding and partnerships to global entrants, challenger banks, stablecoins, and the debut of FathomPRO, Fathom4sight’s new intelligence platform.

Venn Launches Simplified Business Incorporation for Ontario Entrepreneurs

OpenAI and Stripe Partner to Power Instant Checkout in ChatGPT