Weekly FinTech & Financial News
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April 20-24, 2026
Top FinTech Updates this Week
🚀 REV Prepaid, Toronto-based corporate prepaid payment solution, launched outbound Interac e-Transfer functionality on its prepaid card platform
🚀 Neo Financial, Calgary-based Challenger Bank enters institutional capital markets with $150 Million inaugural securitization with BMO Capital Markets and SAF Group
🚀 Float, Calgary-based Challenger Bank launched Float Intelligence, an AI and automation layer embedded across the finance platform
🚀 Visa and TikTok launches new debit card ‘Creator Card’ specifically designed for content creators in the UK
🚀 Borderless AI, Toronto-based Employer of Record (EOR) and global payroll platform launches Crypto-Native Payroll for companies to pay their domestic and international workforce in cryptocurrency
🤝 OneVest, Calgary and Toronto-based wealth management platform partnered with Mackenzie Investments, Toronto-based asset manager to advance its digital transformation for advisors and investors
🌟 Nuvei, a Montreal-based payment infrastructure provider launched direct acquiring in Mexico, enabling businesses to process card transactions locally through Nuvei’s own licensed infrastructure
Top Financial Institutions Updates this Week
🤝 Khalsa Credit Union, Surrey-based credit union partnered with Intellect Design Arena Ltd, a global enterprise-grade financial technology provider for financial institutions to power its next-generation digital banking platform
🤝 Interac Corp. is expanding the Interac verification service through a new collaboration with National Bank of Canada
🚀 TD Bank Group launches virtual card technology for Canadian consumers through a partnership with Google as a payment option on Google Chrome
🚀 TD Bank simplified lineup of Small Business Banking Accounts designed to provide more flexibility and value to meet the evolving needs of small business owners across Canada
🚀 Scotiabank launched the Home Energy and Advice Tool, a new AI-enabled, digital offering designed to help clients to improve their home's energy efficiency, manage renovation costs, and protect their home from extreme weather events
🌟 Versabank, London, Ontario-based Canadian Schedule I chartered bank begun receiving QCAD deposits under its previously custody services agreement with Stablecorp
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It is the first provider in Canada to enable cardholders to transfer funds directly from a corporate prepaid card to a personal bank account. This new capability transforms prepaid cards from spend-only tools into flexible financial instruments giving cardholders real choice in how they access and use the funds loaded onto their card, whether those funds represent an incentive, a rebate, a reward, or a disbursement. | Newswire
The first of its kind, the launch comes in response to the UK’s fast-growing creator economy and is designed to give creators access to the financial tools they need to run and grow their business. During a TikTok LIVE, a creator is rewarded for their creativity through virtual gifts; creators can then convert the value of these gifts into diamonds, which can be exchanged for real income. This income typically arrives in bursts, rather than on a regular monthly salary, meaning short delays between earnings settling in their account which can make it harder to cover everyday costs or reinvest in their business. Visa and TikTok’s Creator Card and business account enable creators to access these earnings faster and spend money straight away, avoiding the delays that come with waiting for payouts to fully clear. | Visa
Borderless AI’s Crypto-Native payroll is a new way for talent to allocate their pay, a first step toward more flexible payout options for companies around the world. Borderless AI’s Crypto-Native Payroll brings flexible and transparent controls directly to employees' fingertips, all while ensuring companies remain compliant. Employees can now have full visibility into where their earnings go on one platform. Features include: Submit and manage contribution requests in one platform; See clear statuses for each request (e.g., In Review, Approved, Processed); Understand exactly when changes will apply based on payroll timelines and Update or stop contributions at any time before the payroll lock date. | Business Wire
The integration is now live and available to Nium’s clients, with Coinbase serving as the stablecoin payments and liquidity infrastructure, wallet provider and regulated custodian. Nium clients can now send and receive stablecoins and convert stablecoin to fiat for payouts – giving businesses a single, unified platform to transact across both onchain and fiat rails. Through this partnership, businesses can now: Fund cross-border payouts in USDC to optimize treasury liquidity and Launch USDC-backed card programs. | Fintech Finance News
The launch marks the latest step in Nuvei’s strategy to operate directly inside domestic payment ecosystems, giving businesses the ability to improve approval rates, increase visibility into transaction data, and reduce the complexity of managing payments across markets, all through a single platform. Nuvei now processes card transactions in Mexico through direct integrations with domestic infrastructure and global card networks, removing reliance on intermediary acquiring partners and reducing the number of payment relationships businesses need to manage across markets. | Fintech Finance News
The role includes overseeing the National Payment Fraud Services (NPFS) platform, which provides essential monitoring and alerting tools for the forthcoming Real-Time Rail (RTR); a first-of-its-kind implementation globally for real-time payment systems. Patrick Boudreau is a seasoned expert with more than 20 years of specialized experience in the fraud and identity landscape. He has held senior leadership positions at TransUnion, PC Financial, Equifax and RBC. Most recently, as Vice-President and Head of Identity Management and Fraud Solutions at TransUnion, he was a key thought partner within the broader fraud and FinTech ecosystem. | Payments.ca
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By adopting Intellect’s eMACH.ai Digital Engagement Platform (DEP), KCU is taking a significant step forward in delivering a more seamless, intuitive, and member-centric digital banking experience. Partnering with Intellect will bring a world-class digital experience based on their best practices with cooperatives and banks around the world. This transformation will modernize KCU’s digital capabilities, enabling a unified experience across mobile and online channels while improving adoption of banking services and higher retention amongst members due to the improved banking experience. | Intellect Design
Through this integration, National Bank clients can now confirm their identity using their existing online banking credentials when accessing participating government and business services online. The addition comes at an important time when Canadians are increasingly navigating essential services through digital channels, from government programs to everyday financial tasks. With National Bank now enabled, clients have an additional way to move through required verification checks using a familiar trusted pathway, without in-person steps or added complexity. | Newswire
TD Bank customers will be able to use Virtual Card Numbers through Google as a payment option for online shopping on Google Chrome and in-app shopping. This makes TD the first Canadian financial institution where TD Visa Credit Cardholders will have the option to make online purchases without sharing their payment card details with merchants with the use of Virtual Card Numbers through Google Chrome. | TD
The start of the flow of QCAD deposits is not only further validation of the market-readiness of VersaVault technology for the rapidly growing digital asset opportunity but also represent a significant milestone for the Bank as first incremental income from our digital asset strategy. | Newswire
The lineup focuses on new and refreshed accounts that make banking simpler. The refreshed Small Business Banking account lineup includes: NEW TD Business Digital Account – Intended for clients who primarily use self serve banking channels; NEW TD Business Essential Account – Designed for clients who use a mix of self serve and assisted banking channels; NEW TD Community Account – Created for community and not-for-profit organizations; TD Business Basic Account – Designed for businesses with just a few monthly transactions; TD U.S. Dollar Business Basic Account – An account for businesses transacting in U.S. dollars and TD Business Unlimited Account – A flexible account for businesses with unlimited transactions. Existing TD Small Business Banking clients can connect with their banking representatives to ensure they choose the best account for their business needs. Clients will have the option to maintain their current account type if they prefer. | TD
Other accolades awarded to Scotiabank as part of the 2026 Global Finance Sustainable Finance Awards include: Best Bank for Sustainable Financing in Emerging Markets (Global); Best Bank for Sustainability Transparency (North America); Best Bank for Sustaining Communities (North America); Best Bank for Blue Bonds (North America); Best Bank for Social Bonds (North America); Best Bank for Sustainability Bonds (North America) and Best Bank for ESG-Related Loans (North America). The 2026 Global Finance Sustainable Finance awards program recognizes global, regional, and local leadership in Sustainable Finance. This awards program focuses on activities from January 2025 to December 2025. | Scotiabank
By providing personalized insights based on individual home characteristics, the tool can help Canadians identify practical upgrades, estimate costs and potential savings, and explore available rebates and funding options. The Tool will support homeowners to: Get an instant home energy, emissions and risk rating; Explore personalized home upgrades, including cost and payback estimates; Identify available rebates and funding programs and Scotiabank clients can receive virtual energy coaching support with a limited time offer. Scotiabank is the first Canadian bank to connect clients to an AI-enabled climate-based tool of this kind, delivering practical resources that support Canadians to engage on climate action. Providing access to tools, guidance and financing to help clients reach their sustainability goals is one way that Scotiabank is embedding sustainability into its business. | Scotiabank
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Through this joint initiative, Mackenzie will introduce its new digital client and advisor portals with modern, scalable infrastructure, supported by OneVest’s wealth management operating system later this year. This collaboration with OneVest represents an important milestone in Mackenzie’s broader digital transformation and its client experience ecosystem, spanning digital platforms, data infrastructure, and servicing capabilities to reduce friction and better support advisors and investors. | OneVest
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BMO worked closely with Neo to structure a facility that fits Neo's needs and provides committed capital to support the continued rapid growth of Neo's credit card portfolio. The transaction also brings together two Calgary-based companies: Neo Financial, a Canadian technology company building consumer financial products for everyday Canadians, and SAF Group, one of Canada's leading private credit firms. | Newswire
The first Float Intelligence capability is a transaction coding agent, which automatically assigns GL codes and a range of tax codes to card transactions. Designed specifically for the Canadian context, Float’s agent handles the complexity of provincial tax structures, the variance in how Canadian businesses categorize spend and the accuracy threshold finance teams require before trusting a system to act on their behalf. | Business Wire
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The ‘Shaping Canada’s Longevity Advantage’ challenge invites innovators to deliver integrated solutions that create measurable improvements in critical areas impacting longevity in Canada. The challenge will focus on innovations across three opportunity areas: Financial resilience across life stages; Healthy aging for all and Purpose and connection, including digital, physical and nature-based spaces that foster social engagement. Through this Canada-focused challenge, Manulife, UpLink and the Forum’s Centre for Financial and Monetary Systems aim to surface and support solutions that respond to the realities of longer lives, helping individuals build resilience, stay connected, and maintain a sense of purpose at every stage. | Manulife
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The Banking OS introduces the Unified Frontline: the operating model for AI-native financial institutions, where customers, employees, and AI agents collaborate as one, across digital channels, front office, and operations. The launch addresses one of banking’s most persistent structural challenges: fragmentation. | Fintech Finance News
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Fairly Staffing did not disclose how much was invested, but the fund, which targets early-stage and pre-Series A startups in Alberta, typically invests up to $500,000. Fairly Staffing intends to use the capital to further develop its presence across Canada. | BetaKit
As an AI-Native jurisdiction and destination, artificial intelligence will be embedded at the foundational level across legal and regulatory frameworks, business operations, talent development systems, ecosystem infrastructure and the district’s physical environment. The Centre’s Native AI programme will generate USD 3.5bn (AED 12.9bn) in economic benefits and 25,000 jobs. Uniquely positioned to become an AI role model for the finance industry, DIFC has the advantage of speed to implementation, being less constrained by legacy processes and regulation experienced by traditional financial centres. | Fintech Finance News
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