Weekly FinTech & Financial News
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Top FinTech Updates this Week
🌟 Monzo secured a full banking licence from the European Central Bank and the Central Bank of Ireland (CBI), marking a major step in growth and expansion
🌟 Mercury, US-based challenger bank applies for OCC National Bank Charter to become the Bank for Builders and applied for federal deposit insurance with the Federal Deposit Insurance Corporation (FDIC)
💼 VeriFast, a Toronto-based provider of an AI-powered Verification-as-a-Service platform, acquired Opsansa, US-based company which specializes in automated property management support
Top Financial Institutions Updates this Week
🚀 Standard Chartered launches blockchain-based tokenised deposits solution
🤝 Canada Pension Plan Investment Board (CPP Investments) signed an agreement to establish a A$14 billion (€8 billion) European data centre partnership with Goodman Group, an Australia-based global industrial property and digital infrastructure group
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Standard Chartered launches blockchain-based tokenised deposits solution. Standard Chartered Bank under the Supervisory Incubator for Distributed Ledger Technology and Project Ensemble launched by the Hong Kong Monetary Authority has successfully tokenised HKD, CNH and USD accounts of Ant International on the latter’s blockchain-based, real-time treasury management platform – the Whale platform, following the completion of HKD-denominated blockchain test settlement for Ant International last year. The solution co-created by SCBHK and Ant International allows Ant International’s entities to accelerate their shift to superior, future-proof treasury management and real-time 24/7 movement of value in HKD, CNH and USD through tokenisation. | Fintech Finance News
CIBC recognized by Global Banking & Finance Review as the Best Bank for Youth and Students Canada 2025 and awarded Excellence in Innovation Student Banking Canada 2025. The Global Banking and Finance Awards recognize companies in the global banking and finance industry for their innovation, achievement, strategy, and progressive changes taking place within the financial sector. | CIBC
BMO recognized with six Treasury & Payments Solutions Awards in 2025 including Global Finance, The Banker, Datos Insights, and three from The Digital Banker. These accolades highlight BMO’s commitment to delivering client-centric, digitally enabled solutions that help businesses achieve real financial progress. The six awards are: The Banker - 2025 Technology Award for Bank/Fintech Partnership in Digital Innovation; Global Finance – Best Bank for Collections (North America); Datos Insights – Innovation Award for Customer Experience; The Digital Banker - Best Use of Customer Feedback for the Onboarding Optimization Model (April), Best Supply Chain Finance Platform Initiative (August), Outstanding Use of Technology in Supply Chain Finance (August). | BMO
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Intact Insurance reveals that international women's ice hockey champion and Olympic Gold Medalist Ella Shelton will join short track speed skater William Dandjinou as an Intact Insurance athlete. The new partnership comes on the heels of Intact's multi-year national partnership with the Canadian Olympic Committee (COC) and Team Canada, starting with the 2026 Milano Cortina Winter Games. Ella Shelton, who hails from Ingersoll, Ontario, made her impressive Olympic debut at the 2022 Beijing Winter Games where she helped Canada win a gold medal in women's ice hockey. She plays for the Toronto Sceptres in the Professional Women's Hockey League (PWHL). She was drafted fourth overall in the 2023 PWHL draft by the New York Sirens. | Intact
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Monzo secured a full banking licence from the European Central Bank and the Central Bank of Ireland (CBI), marking a major step in growth and expansion. The approval enables the London-based bank to expand operations across European markets starting with Ireland, where it plans to establish its official EU headquarters in Dublin. The bank plans to offer Irish customers free personal, joint, business, children's and instant-access savings accounts managed through its mobile application. Each account will come with an Irish IBAN, providing customers with the confidence of a locally licensed bank. Monzo also prepares for a potential initial public offering in the first half of 2026. | FinTech Magazine
Mercury, US-based challenger bank applies for OCC National Bank Charter to become the Bank for Builders and applied for federal deposit insurance with the Federal Deposit Insurance Corporation (FDIC). The applications mark a milestone in Mercury’s evolution and a long-term investment in building a highly trusted financial foundation for ambitious companies and individuals. A charter is the next step in Mercury’s pursuit of radically different banking — combining powerful software built for precision and speed with the strength and stability of a regulated institution. | Fintech Finance News
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BinSentry, a Kitchener-based technology company helping major agriculture enterprises received $25M in Growth Capital from CIBC Innovation Banking. This capital will support the acceleration of BinSentry’s global expansion. BinSentry combines AI-powered sensors and proprietary software to bring real-time visibility and automation to the animal feed supply chain. | CIBC Innovation Banking
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VeriFast, a Toronto-based provider of an AI-powered Verification-as-a-Service platform, acquired Opsansa, US-based company which specializes in automated property management support. The amount of the deal was not disclosed. With the acquisition, VeriFast will expand its offerings. As part of the acquisition, Rowan Aldean, CEO of Opsansa, will join the VeriFast executive. | FinSMEs
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Canada Pension Plan Investment Board (CPP Investments) signed an agreement to establish a A$14 billion (€8 billion) European data centre partnership with Goodman Group, an Australia-based global industrial property and digital infrastructure group. The 50/50 Partnership involves an initial total capital commitment of A$3.9 billion (€2.2 billion) to develop a portfolio of data centre projects in Frankfurt, Amsterdam and Paris. The Goodman European Data Centre Development Partnership (GEDCDP or the Partnership) is CPP Investments’ first data centre partnership in Europe, significantly adding to its data centre portfolio. | Goodman
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