Weekly FinTech & Financial News
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March 23-27, 2026
Top FinTech Updates this Week
💰 Chexy, Toronto-based rent and bill payment platform raised a $14M CAD Series A round to fund its expansion from helping tenants earn credit card rewards into supporting more everyday expenses, including business payments
💰 myAbode, Toronto-based operating system platform for modern real estate brokerages and agents invests in Sutton Group, Vancouver-based real estate franchisor and brokerage network, uniting 12,000 agents on Canada's most advanced real estate platform
🤝 Fairly Staffing, Edmonton-based dental clinic marketplace partnered with Nmbr, Canada-based embedded payroll provider to launch a platform designed to help dental clinics properly classify and pay temporary workers as employees
🤝 Stablecorp, Toronto-based digital money infrastructure collaborated with Deloitte Canada to deliver QCAD-based stablecoin infrastructure for financial institutions in Canada
🤝 Aviva, is launching an insurance app on ChatGPT, helping new customers to obtain an initial home insurance quote in only a couple of minutes in collaboration with OpenAI
🤝 Manulife Canada partnered with Osara Health, US-based diagnosisa digital health company specializing in evidence-based cancer support to launch Cancer Coach, a program that provides structured and personalized support to people who are navigating cancer treatment, recovery and the daily challenges that accompany a diagnosis
💼 Blue Cross Life Insurance Company of Canada entered into a definitive agreement to acquire the Canadian voluntary benefits business of StanCorp Financial Group, Inc
🌟 Wealthsimple, a Toronto-based wealthtech platform received initial approval from the Canadian Investment Regulatory Organization (CIRO) to enter prediction markets
🌟 Auvenir, Toronto-based accounting and compliance technology provider founded as a Deloitte venture, officially launched as an independent company and rebranded as Streamworks Tech
🌟 Opendoor, US-based real estate tech firm is planning to grow its team with more Canadian talent as it looks to make Toronto a “major hub”
Top Financial Institutions Updates this Week
🚀 Bank of Montreal (BMO), in collaboration with CME Group and Google Cloud, plans to introduce Tokenized Cash and Deposit Platform
💼 Capital One is making a “payout” to acquire the software, team, licences, servicing contracts, and supplier relationships from Hopper, Quebec-based travel platform that power Capital One Travel
🌟 Bank of Montreal (BMO) is moving ahead with plans to open more than 130 bank branches in California and 15 in Arizona over the next five years as it looks to expand into growing communities in the western United States
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The move comes as regulatory pressure increases. In Budget 2025, the federal government signalled a crackdown on employee misclassification, with industries reliant on temporary labour facing heightened scrutiny. Through its integration with Nmbr, the system automatically calculates deductions, remits CPP, EI, and income tax, deposits net pay, and generates required payroll documentation. | Fintech.ca
Institutions including BAC, Banco de la Nación Argentina, Banco Falabella, Banco Galicia, Banco Itaú, Bancolombia, Banamex, Davivienda, Dock, Evertec, Santander, and others executed fully authorised transactions in which AI agents initiated and completed purchases on behalf of cardholders across categories including beauty accessories, groceries, books, and digital goods. Furthermore, all transactions were completed with full cardholder consent, using existing card infrastructure rather than new payment rails. Participants across the payment flow, including issuers, merchants, and the Mastercard network, could identify that the transactions were initiated by an AI agent. The transactions were conducted in controlled environments using Mastercard Agent Pay. | The Paypers
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The collaboration comes ahead of the anticipated progress to the federal government’s Stablecoin framework and legislation (Bill C-15), positioning both Deloitte Canada and Stablecorp at the forefront of digital asset innovation in the country. By combining Deloitte’s extensive experience in payments and financial services transformation with Stablecorp’s regulated digital asset infrastructure, this alliance will modernize Canada’s financial landscape and meet the demands of a 24/7 economy. | Deloitte
The Onchain Payments Matrix is positioned to operate at the user and merchant interface rather than the institutional settlement layer. The system is engineered to handle more than 155 million transactions, representing over USD 177 billion in volume, and spans card networks, stablecoin issuers, liquidity providers, banks, and blockchains through a single coordinated layer. Through its partner integrations, the network supports multiple payment rails. Crypto card programmes operate across more than 50 markets, while QR payments connect to over 2.5 million merchants across Asia and Latin America. Cross-border bank transfer and remittance corridors span Africa and Latin America, linking more than 300 financial institutions and enabling direct wallet-to-bank settlement. | The Paypers
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It plans to introduce the new 24/7 tokenized cash capabilities that will allow institutional clients to move value more easily and securely using CME Group's permissioned network on Google Cloud Universal Ledger (GCUL). BMO is supporting its institutional clients by expanding use-cases for accessing tokenized cash through a bank-anchored, institutional framework that enables BMO clients to convert dollars into a tokenized instrument for use with margined products at CME Group. | BMO
Hopper co-founder and president Dakota Smith positioned the move as an “update” to the partnership that will see Capital One begin managing the travel platform internally. Also it was reported that 150 Hopper staff responsible for the platform are joining Capital One, and that Hopper will lose most of its revenue from Capital One as a result of this shift. | BetaKit
CIBC Private Banking been named Canada's Best Private Bank 2026 by Euromoney
Euromoney's Private Banking Awards recognize excellence in private banking and is the preeminent annual awards program of the worldwide private banking and wealth management industry. Additional 2026 Euromoney Private Banking Awards awarded to CIBC Private Banking include: Canada's Best for Client Service and Canada's Best for Ultra-High-Net-Worth (UHNW). | CIBC
The awards include: Canada's Best for High-Net-Worth, recognized for delivering personalized solutions and comprehensive advisory services to high-net-worth and ultra-high-net-worth clients and Canada's Best for Succession Planning, awarded for its holistic approach to helping families and business owners navigate complex generational wealth transitions. | RBC
The move comes after the bank announced in October it was selling 138 branches in states like North Dakota, Wyoming, Kansas and Oklahoma, saying at the time it planned to focus on markets with the greatest potential for long-term growth. The new branches in California will build on the more than 220 financial centres it already has in the state. BMO plans to open seven branches this year in Greater Los Angeles, the Bay Area and San Diego with details to come on other locations, while it will focus expansion plans in Arizona in the Phoenix and Tucson markets over the next few years. | BNN Bloomberg
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Wealthsimple has “not announced any product plans at this time” and has simply received regulatory approval. Prediction markets allow users to trade contracts that pay out if a stated outcome occurs by a certain time. It is aim to offer “futures and forecast contracts tied to economic indicators, financial markets, and climate trends". | BetaKit
With the closing finalized, Desjardins Global Asset Management and Guardian now oversee approximately C$280 billion in combined assets under management and advisement. The transaction significantly scales their capabilities and expands the scope of the investment solutions they can provide to members, clients and partners, to better meet their needs. The combined business will benefit from broader global market reach, diversified investment capabilities and a strong platform to help them deliver sustainable growth. | Desjardins
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The app is aimed at people who want to use Large Language Models (LLMs) for everyday tasks, including shopping for insurance. It is expected to be launched in the next few weeks. The Aviva app will be available to connect to through the App Store in ChatGPT which customers select and add. Potential home insurance customers will be asked a few questions, including name, address, contact details, which type of policy they require – either buildings only, contents or building and contents cover – and the app will return a home insurance quote for Aviva’s Signature Home Insurance product. | Fintech Finance News
The program complements clinical care with guidance to help members manage changes in sleep, energy, nutrition, stress, and other complexities that come when someone is diagnosed with cancer.This partnership helps lighten that load by giving eligible Manulife Group Benefits members access to clinically experienced professionals, including those with backgrounds in nursing, oncology nutrition, and exercise physiology, who provide one-on-one support with a dedicated Canada-based cancer coach. Participants will receive weekly digital education with practical, evidence-informed guidance, access to Osara Health’s app for symptom logging, progress tracking, and resources, and support with return-to-work planning tailored to their individual goals. | Manulife
The Standard acquired this Canadian block of business from Allstate Corporation in 2025 as part of its broader acquisition of the Allstate voluntary benefits business. The Canadian voluntary benefits business continues to be marketed under the Allstate brand. The Transaction, which is expected to close later in 2026, will strengthen Blue Cross Life’s presence in the voluntary benefits market through the addition of a well-established Canadian portfolio. | Blue Cross
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The round was led by Khosla Ventures, one of Silicon Valley’s most reputable venture firms, which has backed giant tech companies like OpenAI, DoorDash, Stripe, and Instacart. Returning investors such as Crossbeam, Venrex, and Air Canada, which partnered with Chexy for its Aeroplan program, also participated in the round. It will use its latest funding to scale its payments platform across Canada, expand its partnership ecosystem, and grow its team. The company is aiming to “become a financial hub for households”—a platform for Canadians to pay bills and track spending. | BetaKit
This powerful partnership brings Sutton’s extensive network and industry vision together with myAbode’s expertise in technology and brokerage optimization. ogether, they handle more than 60,000 transactions annually, accounting for hundreds of billions in completed real estate volume and strengthening Canada’s position within the global real estate landscape. | Globe Newswire
Opendoor has room for up to 100 roles in Toronto and is hiring across operations, finance, and engineering to fill out an office floor it’s renting in the city. The company has rented out a floor at King Street and Spadina Avenue in central Toronto. Opendoor is a tech-enabled platform for buying and selling residential property that operates across the US. | BetaKit
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After investing in 15 companies with its inaugural $20-million fund, BKR is targeting a final close of $50 million for Fund II to “back the next generation of globally competitive Black-led technology companies”. BKR now expects to invest in approximately 25 companies through Fund II. The second fund follows what BKR called “the strong performance” of its inaugural fund, which is “tracking as a top-quartile performer for its vintage”. | BetaKit
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The growth of prediction markets is continuing at pace, with a new report estimating a five-fold growth by 2030. FIS CD Prediction Clearing helps provide the infrastructure to sustain this momentum by replacing fragmented, batch-processes with real-time clearing, high-volume transaction processing and 24/7 support. | Fintech Finance News
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The company separated from Deloitte through a management buyout, allowing it to operate independently and expand its offerings beyond the Big Four ecosystem. Now positioned as Streamworks Tech, it aims to deliver AI-powered audit, assurance, and compliance solutions to a wider market, with a particular focus on small and mid-sized accounting firms, while Deloitte remains a client under a licensing agreement. | Accounting Today
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