Toronto-based digital lending player Propel Holding has received regulatory approval from the Office of the Commissioner of Financial Institutions of Puerto Rico (OCFI) to establish Propel International Bank, a wholly owned subsidiary of Propel that will operate as an International Financial Entity.

Worldpay has released the Model Context Protocol (MCP), an open, developer-friendly framework that lets AI agents connect directly to payment systems.

Stablecoins gain traction as Visa expands settlement with USDC and Klarna launches its own payment-focused stablecoin.

The QCAD Digital Trust has received final approval for its prospectus under Canada’s new stablecoin rules, officially making QCAD the first CAD-denominated stablecoin to meet national securities regulations.

Mastercard is expanding its Crypto Credential framework to self-custody wallets through new partnerships with Polygon Labs and Mercuryo. The update introduces verified, username-style aliases that replace long wallet addresses.

Business Development Bank of Canada (BDC) is preparing to launch a new Life Sciences Fund in 2026, marking its return to the sector six years after spinning out its previous healthcare vehicle, Amplitude Ventures, into an independent firm.

Interac Corp. has introduced Interac e-Transfer Cards, a new feature that lets people and businesses attach digital cards to their money transfers.

Stablecoin payouts are becoming part of global money-movement rails as Visa and Mastercard roll out new wallet-based payout capabilities.

Coinbase has ended negotiations to acquire BVNK, a UK-based stablecoin payments infrastructure provider. The planned $2B deal - which had reached an exclusivity agreement in October - will not move forward.

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.

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.