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.

Venn Launches Simplified Business Incorporation for Ontario Entrepreneurs

OpenAI and Stripe Partner to Power Instant Checkout in ChatGPT

Quarters Launches Home Savings Rewards Program

Flybits Launches Agentic Banking Capability

Cohere’s Valuation Hits $7 Billion Following $100M Round Extension

Rainforest Expands to Canada with $29M Series B

VoPay Expands Real-Time Payouts with PayPal and Venmo

Float Launches Hybrid SME Accounts

Fiserv Expands with Acquisitions of CardFree (U.S.) and AIB Merchant Services (Europe)

Nova Credit Partners with Chase and PayPal to Expand Credit Access

Alberta Launches Digital Wallet for Government-Issued Documents

Wealthsimple Acquires Montreal-based Investment Research Startup Fey

Zūm Rails Launches Mastercard-Powered Prepaid Cards in Canada

RBC Launches No-Fee Bank Accounts for Indigenous Peoples