Weekly FinTech & Financial News
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June 22-26, 2026
Top FinTech Updates this Week
💰 The Government of Canada revealed it would invest $173 million into its Women Entrepreneurship Strategy (WES)
💰 Anchorbase, Calgary-based provider of a payments and automation platform for mid-market businesses, raised $2M USD in pre-seed funding
💰 Float, a Toronto-based SMB challenger bank closed $75 million of the all-equity, all-primary capital round to date, and expects to secure the remaining $10 million over the next few weeks
💰 Blossom Social, a Vancouver-based social network platform for retail investors raised more than $2.2 million through FrontFundr
🚀 Questrade, Toronto-based online trading & wealth management platform launched custom indexing, a feature that lets retail investors build and maintain their own ETFs without fees
🚀 Moneris, a Canadian commerce solutions launched Moneris Model Context Protocol server, which is one of the first domestically built platforms in Canada for AI-driven payments
🌟 Coinbase secured its Markets in Crypto Assets (MiCA) licence from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF)
🌟 SumUp, a global FinTech company serving over four million merchants worldwide, officially entered Canada
Top Financial Institutions Updates this Week
🤝 Intercontinental Exchange, provider of financial market technology and data powering global capital markets, and OKX, global blockchain technology company establish joint venture to bridge traditional and digital asset markets
🚀 Office of the Superintendent of Financial Institutions (OSFI) launched its Streamlined Approvals Framework for targeted new entrants
🌟 The Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking that would require permitted payment stablecoin issuers (PPSI) under its supervision to comply with the Bank Secrecy Act and sections of the GENIUS Act
🌟 TD Lab is now experimenting with Physical AI, or AI-embedded machines (think robots, drones, and smart devices) capable of interacting with the physical world
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The round was led by Cambrian VC and TTV Capital. The company intends to use the funds to support continued product development, deeper integrations with systems of record, expanded customer support, and go-to-market growth across North America. | FinSMEs
The MCP server will offer developers, independent software vendors, and enterprise customers a secure and standardized way to connect AI agents to Moneris’ API and commerce capabilities, according to Jordan Williamson, who serves as Vice President of Core Products for Moneris. With the launch of the Moneris MCP server, we’re making it easier for developers to deliver trusted, payment-enabled AI experiences to Canadian businesses. The Moneris MCP server addresses this need by providing a ready-made integration layer that enables AI agents to securely interact with Moneris API and other functions via open standard, a protocol referred to as the “USB-C for AI.” | Fintech.ca
Bringing a wealth of leadership experience to the role, Kevan will guide the board during a pivotal era for payment modernization, underscored by the forthcoming launch of Canada's Real-Time Rail (RTR) payment system in Q4 2026. As incoming chair, Kevan will lead the board in governing Payments Canada’s affairs with a focus on strategic priorities, a function critical to the success of Canada’s payment systems and the broader economy. On the other hand, in these roles, AnneMarie has made deep connections with stakeholders and members and has been instrumental in aligning our high-level strategy with the needs of Canada’s payment ecosystem. | Payments.ca
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This milestone marks a significant step and enables Coinbase to operate under a unified, regulated crypto environment in one of the largest economic regions in the world, while solidifying Coinbase’s position as a global leader in regulatory compliance and innovation. In short, this milestone enables to offer a full suite of crypto products and services to 450 million people across all 27 European Union member states. | Coinbase
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PPSIs would also have to follow “applicable regulations” from the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control. These include “any anti-money laundering and countering the financing of terrorism (AML/CFT) program, sanctions program, and reporting requirements.” The rules would also “create a supervision and enforcement framework for OCC-supervised PPSIs’ AML/CFT programs,” as well as a framework for “consultation between the OCC and FinCEN when the OCC intends to initiate an AML/CFT enforcement action or a significant AML/CFT supervisory action.” | PYMNTS
Subject to certain regulatory approvals, it is expected that the joint venture will operate as a U.S. registered broker dealer and FCM for the purpose of enabling OKX’s customers in the U.S. and overseas to access ICE futures and NYSE tokenized equities markets. The 50-50 venture will also explore adjacent opportunities for regulatory-compliant blockchain-enabled markets. This partnership brings together OKX’s world-class blockchain technology and ICE’s trusted market infrastructure to help build a more modern, transparent, and resilient financial system for the future. | Business Wire
The lab has already developed proprietary software for a quadruped (robotic dog) device. Using LiDAR (Light Detection and Ranging), which is a sensing technology that uses pulsed laser light to measure distances, and AI together, the quadruped can detect and learn about objects in the surrounding area, then follow commands linked to those objects. Future use cases for these technologies may include robots that can count, sort, and verify cash. | Global Finance Magazine
It gives eligible new entrants, including entities with innovative or emerging banking models and credit unions, a quicker, clearer, and more predictable path to becoming federally regulated financial institutions. The framework supports broader federal policy direction, including Budget 2025 measures that make it easier for credit unions to enter the federal system. | OSFI
CIBC is named the Best Overall Cash Management Bank in Canada for 2026 by Global Finance
This recognition underscores the bank's ongoing commitment to delivering innovative, client-focused solutions to commercial clients across the country. Global Finance's Treasury & Cash Management awards recognize financial institutions driven by digital advancements and innovative solutions. This award marks CIBC's second recognition within the last year as Canada's Best Cash Management Bank. | CIBC
The 2026 World Finance Banking Awards celebrate banking institutions that demonstrate purpose, operational excellence, agility, strong client focus and innovation in delivering banking services. Award winners and nominees are selected by a judging panel of financial journalists and readers of World Finance Magazine. | BMO
The recognition reflects BMO's strength across its North American platform and continued momentum in key markets, as well as its leadership in treasury management, digital payments, artificial intelligence and liquidity solutions. The Global Finance World's Best Banks awards recognize financial institutions that demonstrate strong financial performance, strategic growth, and innovation in products and services. | BMO
The partnership includes sponsorship and marketing rights across a range of sport and entertainment properties in British Columbia; the Vancouver Canucks, Abbotsford Canucks, Vancouver Warriors, Rogers Arena in Vancouver and Rogers Forum in Abbotsford. Notably, the RBC logo will be featured on Vancouver Canucks home jerseys beginning in the upcoming 2026-27 NHL season. | RBC
This award offers recognition to RBC Private Banking, a division of RBC Wealth Management, for its leadership, innovation and ability to thrive under pressure, setting benchmarks for responsible growth and reimagining the future of global banking. | RBC
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The company, which recently obtained a banking license to launch the separate Questbank, frames the custom indexing feature as a way to give its clientele of advanced traders a hot commodity in today’s market: control. Canadian securities will likely only be available through this tool in July, once Questrade receives approval for fractional shares from the Canadian Investment Regulatory Organization. | BetaKit
The company will use funding to continue its global expansion, including a full launch in the United Kingdom later this year, following its successful entrance into the United States. The US has become Blossom’s fastest growing market, adding over 200,000 members in the past 12 months, a 187-percent increase from the year before. The platform also added more than 50,000 new users from other countries, like the UK, Australia, and Germany, even though its app doesn’t support global exchange or brokerages yet. | BetaKit
The all-equity round, co-led by White Star Capital and Innovation Endeavors, will help the company develop its product, expand its team, and grow globally. Several “high-profile angel investors” also participated in the round. Tetrix said it has courted dozens of leading institutional investors across the globe since its 2024 launch, including clients in the United States, Canada, Europe, and Southeast Asia, with more than $100 billion in assets managed with its platform. | BetaKit
Drawing on Manulife's Global High-Net-Worth platform, MMIT has been developed to address the evolving needs of affluent families seeking a more integrated approach to wealth planning. Developed over more than two years with input from global experts and Shariah scholars and backed by Manulife’s global financial strength and governance, the solution is designed to support long-term wealth preservation, family continuity and intergenerational transfer. | Manulife
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Inovia Capital is leading Float’s Series C, with support from fellow new investors BDC Capital and Northleaf Capital Partners, and existing backers Goldman Sachs Alternatives and Garage Capital. Float plans to use the money to advance its AI capabilities, expand across Western Canada and Québec, and grow its 170-person team. | BetaKit
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The company is launching with two products tailored to the needs of small business operators: the SumUp Go card reader, a compact device for in-person transactions, and Payment Links, which enables merchants to collect payments remotely without requiring any hardware. The SumUp Go reader involves no monthly fixed costs and is designed to be operational immediately, while Payment Links allow merchants to generate and share secure payment requests via text, email or social media. | FinTech Global
The investment includes $59 million for the Women Entrepreneurship Loan Fund (which delivers loans of up to $50,000), $100 million for the WES Ecosystem Fund, and $7 million for the Women Entrepreneurship Knowledge Hub, aimed at establishing best practices for female entrepreneurs. This is a strategy built for the barriers women faced in 2018, announced in 2026, and the single biggest force reshaping who gets capital and which businesses survive isn’t anywhere in it. | BetaKit
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