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.

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.

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