Weekly FinTech & Financial News
Subscribe to our Weekly Newsletter
✉️
Subscribe to our Weekly Newsletter ✉️
June 15-19, 2026
Top FinTech Updates this Week
💰 June Health, Toronto-based femtech startup secured $2.4 million CAD as it looks to sell more businesses its employee benefits platform tailored to women
🤝 Fintracker, Winnipeg-based category-leading identity verification provider for real estate transactions revealed that the Interac Verified credential service is live within its platform, making reusable digital identity verification available to brokerages, agents and home buyers
🚀 Klient, Laval, Quebec-based a Salesforce-native professional services automation platform launched Klient MCP Servers: a set of three connectors that let any AI assistant act directly on a company's Salesforce PSA data
🚀 PolicyMe, Toronto-based insurtech firm became the first Canadian platform to evaluate every applicant across the full life insurance spectrum, from fully underwritten term coverage to simplified issue and guaranteed issue, in a single real-time session
🚀 BrokerPlus, Toronto-based firm which plans to help Canadian residential mortgage brokers use AI to grow their businesses and save time on administrative work emerged from stealth already closed more than $500,000 CAD in pre-seed funding
🚀 Wealthsimple, Toronto-based Wealthtech firm to launch Wealthsimple Predict this summer, providing retail investors the ability to trade event contracts on Kalshi, an US federally regulated exchange
💼 1Password, a Toronto-based password management firm acquired Apono, US-based identity security platform to expand its product capabilities
🌟 Sprout Family, a Toronto-based company making fertility benefits more accessible in Canada launched their new product Sprout Leave
🌟 Revolut received its Stored Value Facilities (SVF) licence and Retail Payment Services (Category II) licence from the Central Bank of the United Arab Emirates (CBUAE)
Top Financial Institutions Updates this Week
🤝 Blue Rewards entered in a multi-year exclusive strategic partnership with Dollarama to help Canadians make real financial progress by offering more value in their everyday spending
🚀 EQ Bank launched the EQ Bank Business Card, a prepaid, reloadable Mastercard for Canadian small business owners, which is designed to provide greater control over spending and keep more of their hard-earned dollars
🚀 BMO Insurance launches BMO Health and Dental Insurance, a new offering distributed by BMO Insurance Solutions Inc. (BMOIS) and powered by GreenShield, Canada's only national non-profit health care and insurance organization
💼 Scotiabank made a proposal to acquire all of the shares of Scotia Group Jamaica Limited (SGJL) that it does not currently own and transition to a wholly-owned privately held entity
🌟 Tru Cooperative Bank (formerly First West Credit Union) selected DataVisor, US-based AI-powered fraud and AML platform to protect members in real time across the banking journey
-
Adyen Agentic introduces three layers – Agentic Feed, Agentic Cart, and Agentic Payments – that solve various stages of the customer journey in agentic commerce from product discovery to payment. Adyen Agentic is designed to be that universal translator. Merchants integrate once. Adyen translates that single integration across every agent platform, protocol, and payment method – so merchants can participate in new commerce channels without rebuilding each time the landscape shifts. The Adyen Agentic product includes: Agentic Feed: A structured product and inventory layer that distributes real time catalog, pricing, and availability data across conversational commerce environments | Agentic Cart: An orchestration layer that connects merchants’ existing checkout, tax, fulfillment, and order management systems to conversational commerce platforms | Agentic Payments: A payments and fraud layer for agent led transactions, enabling authentication, token portability, merchant of record preservation, and risk management across evolving protocols. | Fintech Finance News
-
Delivered through DataVisor’s pre-integrated deployment with VeriPark’s VeriChannel digital banking platform, the solution brings seamless, out-of-the-box fraud protection to Tru’s digital banking environment and builds on DataVisor’s strategic partnership with VeriPark. DataVisor provides real-time fraud detection across the full digital banking journey spanning onboarding, login, profile changes, Interac e-Transfer, and bill pay. It replaces traditional solutions with a cloud-native, AI-driven platform that future-proofs defenses against increasingly sophisticated financial crime, enabling growth without adding member friction or vulnerabilities. | Fintech Finance News
As the latest addition to EQ Bank's growing Business Banking suite, the card offers high interest and cashback without annual fees, standing firmly on the side of small businesses in a landscape where business payment options often force a trade-off between access, cost and value. Built on the Mastercard network, the Business Card integrates seamlessly with EQ Bank's high-interest, no-monthly-fee Business Account, providing a clear, real-time view of balances and transactions. Together, they offer a more streamlined way to manage day-to-day spending, support smarter budgeting and reduce the friction of managing multiple financial tools across different platforms. EQ Bank Business Card highlights: Earn high interest of 2.25%* on balances, so earnings continue growing; Cashback of 1%** on all purchases, without limits or category restrictions, on monthly spend of $10,000 or more; Zero annual or monthly fees, helping businesses keep more of what they earn; Low foreign exchange fees for more accessible international spending; No credit checks or paperwork for sign up, with instant funding and mobile wallet compatibility. | EQ Bank
This new collaboration will further accelerate the shift towards AI-enabled ways of working across HSBC’s global operations. HSBC will work with Google Cloud and Google DeepMind engineering teams to collaborate on new AI-powered tools and programmes, with access to Google’s latest agentic AI capabilities, including Gemini models and the Gemini Enterprise Agent Platform. The partnership is expected to enable more than 200 new AI HSBC use cases over the next two years. | Fintech Finance News
This strengthened leadership team brings multiple senior PC Financial leaders onto the EQB Executive Leadership Team (ELT), alongside a series of expanded mandates for existing leaders, building the organizational capabilities required to serve millions of Canadians across a broader and more complex set of financial products and services. Key appointments include: Ian Hanning from PC Financial to SVP, Credit Cards and Loyalty | Mark Snyder from PC Financial to SVP, Credit Risk and Data Analytics | Michaela Garfield from PC Financial to SVP, Customer Growth, Experience and Strategy, Personal Banking | Puneesh Arora from PC Financial to EVP and Chief Risk Officer, with current EVP and Chief Risk Officer Marlene | Lenarduzzi to act as Special Advisor until Jan 1, 2027 | Daniel Rethazy's mandate expanding as EVP Personal Banking to include PC Financial businesses | Anilisa Sainani's mandate as CFO expanding to include Strategy and Corporate Development | Gavin Stanley's mandate as CHRO expanding to include Brand and Marketing | Caleb Rubin appointed as Chief Brand Officer | Dan Broten appointed Chief Digital Officer | David Wilkes appointed SVP, Deposits, Payments and Small Business Banking | Dipti Patel elevated to Chief Credit Officer and Deputy CRO | Julia Davidson appointed Chief Operating Officer, Commercial Banking | Lemar Persaud appointed SVP, Investor Relations and Enterprise Performance Management. | EQ Bank
Through this new partnership with Dollarama, members can now earn Points on essential purchases at one of Canada's most accessible retailers, reinforcing a shared focus on helping households make the most of their everyday budgets. Blue Rewards members with a linked payment card can earn Points on qualifying purchases of $20 or more at more than 1,700 Dollarama stores nationwide. In addition, BMO Blue Rewards Mastercard credit cardholders can earn 10x the Points on Dollarama purchases. With 10x the Points, members can earn up to 6% back in value1 on eligible spend with participating Partners, including Blue Rewards Travel. | BMO
BMO's collaboration with GreenShield puts integrated coverage and care at the forefront. By combining BMO Insurance's national reach and client‑focused solutions with GreenShield's expertise in digital health services, the partnership delivers simpler, more accessible insurance and a smoother connection to care for Canadians. BMO Health and Dental Insurance is designed to reduce complexity across the client journey by combining straightforward coverage with access to integrated care services. Clear plan options, a simplified digital application, and transparent eligibility criteria help Canadians understand their choices and select coverage and care services aligned to their everyday health and dental needs. | BMO
This offering expands the relationship between Canada's largest proprietary loyalty program and a leading force in live entertainment, delivering seamless access to the artists and shows Canadians love. Avion Rewards members can now connect their accounts to Ticketmaster.ca and use their Avion points to purchase tickets to eligible events*. Members can redeem as little as $0.01 or up to $500 worth of Avion points per day to pay for their eligible ticket purchases, with no added redemption fees. Whether using Avion points to cover the full ticket price or combining points with another payment method, members have flexibility and full control over how they purchase tickets to live events. This integration builds on RBC's long-standing support of music through its RBCxMusic platform, providing fans with more access to the music they love through tickets, upgrades and exclusive benefits unlocked for RBC clients. | RBC
It is positioning Royal Bank Plaza's commitment as an example for emissions reductions in major commercial real estate. Pontegadea will develop a decarbonization roadmap for Royal Bank Plaza in consultation with RBC. RBC is committed to reducing emissions associated with its operations, including working with landlords to help support reducing emissions in the spaces it leases. Established in 2023, the Landlord Engagement Program aims to incorporate climate-focused lease clauses within lease agreements for new and renewing lease agreements. This program is designed to support RBC's commitment to reducing emissions in its operations by asking landlords to commit to climate-focused actions and share relevant climate data with RBC. | RBC
The investment made through ScotiaRISE, Scotiabank's 10-year, $500-million community investment initiative focused on building economic resilience, will provide ongoing multi-dimensional support to the Scotiabank Centre for Analytics & AI at Queen's Smith School of Business. Scotiabank's renewed agreement with Queen's University's Centre for Analytics & AI will support inclusive, real-world AI education and research for students, professionals and communities. It will help fund hands-on learning, early-stage research with social applications, practical teaching, and thought leadership through workshops, speakers and global convenings. The donation will also expand access to advanced AI education through targeted scholarships and help strengthen AI literacy in communities and among small businesses. Together, these efforts support responsible innovation and help build Canada's AI talent pipeline. | Scotiabank
The proposed transaction is part of Scotiabank's strategy to optimize capital and operational efficiency across its existing footprint. In connection with the proposed transaction, SGJL announced that, based on the unanimous recommendation of a committee of independent directors of the board of directors of SGJL, it has entered into a definitive arrangement agreement with its majority shareholder, Scotiabank Caribbean Holding Limited (SCHL), whereby all of the issued and outstanding shares of SGJL that SCHL does not currently own will be repurchased, subject to approval of SGJL's minority shareholders. The proposed transaction will be undertaken by way of a court-approved Scheme of Arrangement under the Companies Act, 2004 in Jamaica. It is expected that SGJL will hold a meeting of the minority shareholders to consider and vote on the proposed transaction in the coming months. If approved at the meeting, the proposed transaction is expected to close in the fourth calendar quarter of 2026, subject to court approval and other customary closing conditions. Following completion of the proposed transaction, the SGJL shares are expected to be de-listed from the Jamaica Stock Exchange. The total cash consideration being offered to minority shareholders is approximately C$0.5Bn and the CET1 ratio impact at closing is estimated to be approximately 5 basis points. | Scotiabank
-
Every eligible Canadian who applies now receives a coverage offer, automatically matched to the best risk-adjusted price they qualify for. Developed in partnership with Securian Canada, the launch marks a significant step toward making life insurance more accessible for every Canadian. Every applicant now starts in exactly one place: a single PolicyMe application. Underneath it runs an engine of more than 1,000 reflexive underwriting rules that surfaces only what's relevant to each profile, with most applicants answering around 30 questions. A real-time triage layer assesses each applicant as they go and routes them to the best-priced coverage their profile supports. | Business Wire
It is designed to help reduce wildfire risk in First Nations communities in British Columbia, beginning with the Ashcroft Indian Band. The structural fire-hardening pilot program supports communities that have completed FireSmart™ assessments but require assistance implementing mitigation actions, with a focus on strengthening buildings against ember ignition. Fire-hardening focuses on identifying structural and environmental vulnerabilities and taking practical steps to reduce risk. This includes removing combustible vegetation, sealing gaps, screening vents, and making targeted improvements to limit ember entry and accumulation. | Aviva
It is also now the top insurer in Canada and number one in the AI Leadership category and ranks third overall. These accolades highlight Manulife’s ability to scale AI-driven innovation across its global footprint, delivering measurable business value and impact, and accelerating its strategic priority to operate as an AI-powered organization. Manulife ranked first in the Leadership pillar and with strong scores in Transparency, with Evident citing the company’s consistent executive engagement, industry influence, and transparent approach. | Manulife
-
The approval follows the in-principle approval granted to Revolut by the CBUAE in September 2025 and marks the successful completion of the company's regulatory licensing process in the UAE. The licences represent a significant milestone in Revolut's expansion in the country and reflect its commitment to meeting the highest standards of governance and compliance. The authorisation also represents a major step forward in Revolut's expansion across the Middle East. Since receiving its in-principle approval last year, the company has continued to strengthen its presence, expand its local team, and invest in the infrastructure, capabilities and governance frameworks required to support long-term growth in the UAE. | Revolut
-
Built on the open Model Context Protocol (MCP), the servers run locally against a customer's own Salesforce org, under the user's own login — so the AI doesn't just describe the work, it does it, and every action is visible and auditable in Salesforce. Three servers, one license model: MCP1 Data — Run your projects by talking to your AI: create and update projects and tasks, assign resources, log time | MCP1 Admin — Onboard a consultant in one sentence; diagnose "why can't they see it?" in seconds | MCP1 Knowledge — Search, draft, version, and publish Salesforce Knowledge, end to end. | PR Newswire
-
With d1g1t, Goodreid is using an integrated platform powered by advanced analytics for portfolio management, trading and rebalancing, performance reporting, and client engagement. The intuitive, white labelled investor portal and native mobile app (Android/iOS) empower clients to self-serve, and securely collaborate with their advisor, improving their overall experience while reducing operational overhead. The deployment gives Goodreid the infrastructure to manage diversified portfolios, improve internal workflows, and provide clients with secure access to timely investment information. | d1g1t
Wealthsimple Predict will only be available to Canadian residents. Through the app, users will have access to approximately 4,000 Kalshi event-based contracts in categories Wealthsimple is authorized to offer in the Canadian market, specifically climate, financial markets, and economic indicators. In March, the Canadian Investment Regulatory Organization (CIRO) authorized Wealthsimple to offer event and forecast contract trading, also known as prediction markets. These contracts are regulated as futures contracts (derivatives). The approval covers contracts with a 30-day settlement period or longer, within the categories of economic indicators, financial markets, and climate. To access trading through Wealthsimple Predict, new clients must complete a standard Know Your Client (KYC) process. The app also shows users key disclosures and definitions, including trading risk reminders, contract resolution information, notices that positions can be sold at any time, and liquidity risk warnings on lower-activity markets. | Kalshi
-
A client can now verify their identity once and securely reuse that credential with their real estate professional through Fintracker, eliminating the need for repeated document submissions and unnecessary friction. By combining the Interac Verified credential service with Fintracker’s deep integration across real estate workflows, the solution enables a reusable identity credential. Users can verify their identity once and securely reuse that credential with their real estate professional through Fintracker, reducing repeat verification and streamlining the experience for both real estate professionals and customers. For brokerages and associations, the result is a more consistent and scalable verification process that helps support Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance obligations. For consumers, it means fewer interruptions during an already complex journey and greater control over how their personal information is shared. | Insurance-Canada.ca
Michael Hyatt is among the investors who have bought into the nascent startup’s vision of disrupting a large, “antiquated industry” with an especially small, AI-native team.The company declined to share exactly how much from Michael Hyatt’s family office, Cowie Capital, Tennr co-founder Trey Holterman, and Bet99 co-founder Jared Beber. BrokerPlus has developed and launched a software platform designed to help mortgage brokers analyze their existing databases for missed mortgage renewal and refinance opportunities. | BetaKit
-
Its Personal Tax product that automatically extracts, analyzes, and surfaces planning opportunities from clients’ personal tax documents, including T1 General returns, Notices of Assessment, and CRA Assessments. Features of the software include “Dynamic Return Architecture,” which moves beyond tax summaries by formatting income sources, deductions, and credits into a “strategic framework built specifically for advisor-client conversations.” There is also “Proactive Wealth Optimization,” which synthesizes data points across multiple schedules to surface advanced wealth planning opportunities, including strategic income splitting, optimal capital gains positioning, and missed opportunities from prior years. | Fintech.ca
-
Realize, which was previously a joint venture between Rally Assets and Relay Ventures and became a subsidiary of Rally last year,is one of three managers chosen by the Government of Canada to deploy its $755-million Social Finance Fund (SFF). The SFF is designed to spur growth in Canada’s impact investing ecosystem through investments in other socially minded funds that directly back startups. Realize revealed it raised nearly $142 million from private investors like Concordia University, RBC, and the McConnell Foundation to complement the feds’ $135-million anchor commitment. Realize has already made 24 investments worth $111 million with 23 social impact funds, building a portfolio that includes emerging managers like Amplify Capital, Misfit Ventures, Raven Indigenous Capital Partners, and The51. | BetaKit
-
It says Apono will enable it to help other businesses secure and govern access to the credentials that their employees, machines, and AI agents require to do their work, much more easily from within “a unified control plane.” 1Password plans to continue providing Apono as a standalone offering while also integrating its tech into the firm’s new Unified Access Platform, which is geared towards helping companies deploy autonomous AI without putting their sensitive systems and data at risk. The company will use Apono to determine when, why, and for exactly how long various parties have access to corporate credentials. | BetaKit
-
Sprout Leave is helping a new parent to plan their leave, understand their pay, step away, and return to their workplace again. Through their industry partnerships with carriers, brokers, and total rewards teams, Sprout already sits inside the benefits infrastructure companies use every day, so they're not asking anyone to bolt on a disconnected tool. They're extending support people are already receiving. The person they helped through fertility is the same person going on leave, is the same person coming back to work, and when that’s one connected experience instead of three separate vendors, the support compounds. | LinkedIn
It received the pre-seed financing from insurance provider Securian Canada, Montréal’s AgeTech Capital, the co-founders of Canadian healthtech unicorn PointClickCare, and the founder of software startup Financeit. The startup, which offers an e-pharmacy and vetted supplement marketplace, will use the funding to invest in its AI and data infrastructure. It will also expand its partnerships with employers, who provide June’s platform to employees to access women’s health and wellness benefits. | BetaKit
Customers can now select in-store pickup on Shopify’s Shop app, which allows merchants to simply scan a customer’s QR code at their physical retail location while all the commerce is handled in the Shop app. Returns are done the same way: a customer initiates a return in-app, then a QR code is scanned in-store alongside the returned item. With the agentic commerce updates, Shopify helps get merchants’ products into AI sales channels automatically. Merchants can also now see how their products are performing on platforms like ChatGPT, Gemini, and Copilot, and get guidance on how to improve that ranking so they surface more often. | BetaKit
The company has launched My Canada. My Story., a national campaign inviting small business owners across Canada to submit a 60-second video explaining who they are, what they are building, and the journey behind their venture. The campaign aims to highlight the people behind Canada’s more than one million small businesses, offering founders an opportunity to gain visibility while competing for cash prizes and business support. According to Huumans, the initiative is designed to give entrepreneurs a platform to tell their stories at a time when many founders are focused on building products, serving customers, raising capital, and growing their teams. Participants are encouraged to submit a short video before Canada Day, with no professional production required. The campaign is open to founders and small business owners across the country. The platform provides small business owners with free tools to build smarter budgets, track spending, compare performance against industry benchmarks based on Statistics Canada data, and connect with products, services, and advice tailored to their needs. | The Founders Press
Fathom4sight has launched FathomPRO!
Book a Demo to gain access to the Ultimate FinTech Intelligence Tool, keeping you ahead of industry news.
