Weekly FinTech & Financial News
Subscribe to our Weekly Newsletter
✉️
Subscribe to our Weekly Newsletter ✉️
Top FinTech Updates this Week
🚀 Trulioo, a Vancouver-based an identity verification platform launched Trulioo credit decisioning, a new capability that delivers comprehensive financial, credit and risk insights through the Trulioo global identity platform
🚀 Interac Corp. launched Interac e-Transfer Cards, a new way to send money that adds a personal touch to every transfer
🚀 BDC is launching its new Life Sciences Fund in 2026 and hiring a managing partner for BDC Capital
💰 CIBC Innovation Banking and Toronto-based VC Information Venture Partners together provided $20M in financing to DealMaker, a US-based capital-raising technology platform
🤝 Mastercard, Polygon Labs, and Mercuryo partnered for the expansion of Mastercard Crypto Credential to self-custody wallets
🤝 Manulife, Toronto-based insurance firm and Mahindra & Mahindra Ltd. to establish 50:50 Life Insurance Joint Venture
Top Financial Institutions Updates this Week
🤝 Meridian Credit Union is the first Canadian credit union to partner with Interac Corp. and launch Interac e-Transfer Cards
🤝 Digital Commerce Bank is the first bank in Canada to partner with Interac Corp. and launch Interac e-Transfer Cards
🚀 TD Bank is giving eligible TD Credit Cardholders more freedom to redeem TD Rewards Points or Cash Back Dollars toward anything they buy
🤝 Royal Bank of Canada (RBC) and DoorDash are extending their long-standing program to provide complimentary access to DashPass offering more value to eligible RBC credit cardholders as well as Avion Rewards members
-
Interac Corp. launched Interac e-Transfer Cards, a new way to send money that adds a personal touch to every transfer. With Interac e-Transfer Cards, one can transform everyday transactions into moments of connection with engaging, digital Cards for all kinds of occasions. | Interac
Mastercard partnered with Polygon Labs, a blockchain network, to enable verified username-based transfers for self-custody wallets, and with Mercuryo, a UK-based cryptocurrency payment infrastructure provider, which will serve as the initial issuer and handle user verification.Mastercard, Polygon Labs, and Mercuryo partnered for the expansion of Mastercard Crypto Credential to self-custody wallets, introducing verified, username-style aliases that replace long wallet addresses. Mastercard has selected Polygon as the first blockchain network to power this rollout, citing its speed, reliability, and payments-ready architecture. Mercuryo will serve as the initial issuer, onboarding verified users and enabling the creation of Mastercard Crypto Credential aliases. The initiative brings a trusted verification layer directly into self-custody environments, offering consumers a familiar way to send and receive digital assets while retaining full control of their wallets. | Fintech Finance News
Ramp, US-based all-in-one financial platform for SMBs is now valued at $32B following a $300M primary financing round, also doubling revenue and customers in past year. Lightspeed Venture Partners led the financing, with continued support from existing investors and new investors in the company include: Alpha Wave Global, Bessemer Venture Partners, Robinhood Ventures, 1789 Capital, Epicenter Capital, and Coral Capital. With this round, Ramp has raised $2.3 billion in total equity financing. In the past three months alone, Ramp has doubled the percentage of zero-touch transactions for employees — saving massive amounts of time for every individual and function. As of Nov 1, 2025 Ramp is generating over $1 billion in annualized revenue and producing free cash flow, Serving over 50,000 customers - doubling year-over-year, and the majority of Ramp’s customers use two or more products across Ramp’s platform. | Fintech Finance News
Aspire, Singapore-based all-in-one finance platform for businesses launched AspireOS - a new modular platform that helps banks modernise their digital business banking. Built on Aspire’s proven technology, which serves more than 50,000 businesses globally, AspireOS provides banks with a full-stack, AI-powered suite spanning onboarding, payments, credit, and accounting workflows, allowing them to upgrade their business banking with the agility of a FinTech — without replacing their core systems. | Fintech Finance News
AIR MILES to merge Cash and Dream Miles into a single unified currency. The Air Miles program is introducing a unified currency to make earning and redeeming Miles simpler, more flexible, and more aligned with collector preferences. | LinkedIn
FUTR, Toronto-based AI-powered consumer finance platform partnered with Southampton Financial Inc to introduce an integrated home and auto insurance experience within the FUTR AI Agent App. Through the FUTR AI Agent App, consumers can securely upload existing insurance documents or complete a short questionnaire. The FUTR Agent, upon consent, analyzes the consumers verified data and works with Southampton and its leading Broker technology to prepare real time, personalized, bindable quotes for home and auto coverage from Canada's largest insurance brands. This turns everyday documents and tasks into actionable financial value. Consumers are rewarded in FUTR Tokens for the data required to produce the quote and the whole process of binding insurance coverage by Southampton can take less than 5 minutes. | FUTR Corporation
-
Meridian Credit Union is the first Canadian credit union to partner with Interac Corp. and launch Interac e-Transfer Cards. The Interac e-Transfer® Cards feature offers Meridian Members the opportunity to choose from a range of engaging standardized digital Cards, allowing senders to personalize their transfer for virtually any occasion. Meridian believes that some moments deserve more than a simple transaction, which is why, starting November 17, Meridian Members can use Interac e-Transfer® Cards, transforming a routine payment into a meaningful gesture. | Meridian Credit Union
Digital Commerce Bank is the first bank in Canada to partner with Interac Corp. and launch Interac e-Transfer Cards. With Interac e-Transfer Cards, DCBank enables merchants and individuals to customize and package the funds they’re sending with animated messages that suit the occasion. The new Interac e-Transfer Cards feature allows users to choose from a variety of engaging digital card designs, perfect for any occasion—from birthdays and celebrations to thanks and everyday gestures. The experience blends convenience with creativity, enhancing how Canadians give, share, and connect. | Business Wire
TD is giving eligible TD Credit Cardholders more freedom to redeem TD Rewards Points or Cash Back Dollars toward anything they buy. TD's new redemption feature is designed to be easy and flexible, allowing customers to redeem TD Rewards Points or Cash Back Dollars in just 3 clicks for part of a purchase or to pay it off entirely. TD Reward Points can be used to pay off purchases at a rate of $1 for every 225 TD Reward Points on travel and $1 for every 400 TD Rewards points on everyday purchases. Customers can also start redeeming Cash Back Dollars starting at just $1, offering even more choice in how they use their rewards. Eligible TD customers include: TD First Class Travel Visa Infinite Card, TD Business Travel Visa Card, TD Platinum Travel Visa Card, TD Rewards Visa Card, TD Cash Back Credit Cards, TD Cash Back Visa Infinite Card, TD Cash Back Visa Card, TD Business Cash Back Visa. | TD Bank
Royal Bank of Canada (RBC) and DoorDash are extending their long-standing program to provide complimentary access to DashPass offering more value to eligible RBC credit cardholders as well as Avion Rewards members.Through DashPass, customers receive $0 delivery fees and reduced service fees on eligible delivery orders via DoorDash, plus other perks like exclusive savings opportunities. RBC cardholders and Avion Rewards members will experience value in the following ways: All Avion credit cards and the WestJet RBC World Elite Mastercard are among those eligible for 12 months of complimentary DashPass (a $120 value), For other eligible RBC cardholders, the value of the complimentary DashPass has increased from three to six months (a $60 value), Avion Rewards members who do not hold an RBC product can now access two months of complimentary DashPass (a value of $20) and additionally, all eligible RBC credit cardholders will receive a $10 credit*** to spend on their next eligible delivery order via DoorDash. | RBC
National Bank of Canada head office in downtown Montreal, National Bank Place, obtained LEED Gold Certification in the New Construction category. This recognition reflects the Bank's commitment to the sustainable performance of its installations. LEED Certification is awarded by the Canada Green Building Council. Assessment criteria include energy efficiency and air quality, water management and consumption, the use of material and reuse of surplus materials, the quality of indoor environments and the ecological design of outdoor spaces. | National Bank of Canada (NBC)
Lloyds Banking Group acquired Curve, an UK-based digital wallet FinTech. The deal will allow Lloyds to expand its digital footprint. The acquisition is slated to become final in the first half of 2026. No terms were disclosed. | PYMNTS
Scotiabank is named the Best Transaction Bank in Canada by Euromoney as part of the publication's 2025 Transaction Banking Awards. This recognition highlights Scotiabank's leadership in delivering innovative, secure, and client-centric transaction banking solutions across Canada and the broader North American corridor. Scotiabank's Global Transaction Banking (GTB) franchise supports Business Banking, Commercial, and Corporate clients with comprehensive treasury, payments, cash management, trade finance, and working capital solutions. With a strategic presence across Canada, the U.S., Mexico, and select markets worldwide, GTB helps businesses navigate international finance with ease, providing knowledgeable advice and a bespoke approach tailored to their unique needs. This is enabled by an integrated ecosystem combining ScotiaConnect® Digital Banking platform, Scotia TranXact™ APIs, seamless Enterprise Resource Planning (ERP) connectivity, and robust data and security capabilities. | Scotiabank
Scotiabank appointed key executive effective December 2, 2025, to support the Bank's strategic priorities and accelerate progress toward its medium-term objectives outlined at its 2023 Investor Day. Following key executives are appointed: Phil Thomas appointed Group Head & Chief Strategy and Operating Officer; Shannon McGinnis appointed Chief Risk Officer; Anique Asher appointed Executive Vice President, Real Estate Secured Lending; Tracy Gomes appointed Executive Vice President & Chief Risk Officer, Canadian Banking, Global Wealth Management and Credit Risk and Meigan Terry appointed Executive Vice President & Chief Global Corporate and Public Affairs Officer. | Scotiabank
CIBC named one of Canada's Top 100 Employers for 2026 by Mediacorp Canada Inc., marking 14 continuous years on this esteemed list. This annual distinction highlights organizations that demonstrate outstanding commitment to workplace excellence, employee growth, and community impact. This recognition reflects CIBC's commitment to empowering employees through robust upskilling and development programs, mentorship opportunities, comprehensive health, wellness and financial benefits, and initiatives that foster community involvement and leadership. | CIBC
CIBC Asset Management Inc. launches new CIBC Target Retirement Date Portfolios, a retirement solution designed for long-term ambitions. Each portfolio is tailored to the needs of Canadian retirement plan members over their investing journey and are managed by CIBC's experienced investment management team. The suite includes nine portfolio solutions aligned to retirement horizons in five-year increments, as well as a dedicated Retirement Income Portfolio to support members in retirement. The suite of Target Retirement Date Portfolios includes: CIBC Target Retirement Date 2065 Portfolio, CIBC Target Retirement Date 2060 Portfolio, CIBC Target Retirement Date 2055 Portfolio, CIBC Target Retirement Date 2050 Portfolio, CIBC Target Retirement Date 2045 Portfolio, CIBC Target Retirement Date 2040 Portfolio, CIBC Target Retirement Date 2035 Portfolio, CIBC Target Retirement Date 2030 Portfolio, CIBC Target Retirement Date 2025 Portfolio, CIBC Retirement Income Portfolio. | CIBC
-
Manulife, Toronto-based insurance firm and Mahindra & Mahindra Ltd. to establish 50:50 Life Insurance Joint Venture. This new venture will strengthen Manulife and Mahindra's existing footprint in India and underscores their commitment to enhancing the financial wellbeing of customers in one of the world's fastest-growing markets. The joint venture aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India's population, in line with India's "Insurance for All" vision by 2047. Combining Mahindra's deep access and extensive distribution in rural and semi-urban areas with Manulife's proven quality agency capabilities catered to urban customers, the joint venture will create long term value by driving customer centricity and leveraging new technologies. This joint venture will expand on the strong collaboration between Manulife and Mahindra in India, following the successful launch of Mahindra Manulife Investment Management in 2020. | Manulife
-
Kraken, UK-based crypto exchange raises $800M across two tranches at $20B valuation and to accelerate strategy of bringing traditional financial products on-chain. An agreement for a subsequent $200 million strategic investment from Citadel Securities was executed at a $20 billion valuation. The primary tranche was led by institutional investors including Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capital, along with a significant commitment from Kraken Co-CEO Arjun Sethi’s family office. With this additional capital, Kraken will continue scaling global operations, deepening regulated footprint and expanding product suite — both organically and through targeted acquisitions. It plan to enter new markets across Latin America, Asia Pacific and EMEA, while broadening offerings beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities. | Kraken
-
Questrade Financial Group, Toronto-based online trading & wealth management platform revealed a suite of new investment offerings and doubles down on tools for advanced traders at first product showcase. The 14 new tools include a browser-based advanced trading platform, custom indexing and portfolio rebalancing, cash-secured puts, educational offerings, balance sheet and cash flow tracking, and moves into gold investing and private markets (ahead of an eventual expansion into cryptocurrency). For Questrade, they come as part of a push to keep up with competitors and provide Canadians with a better user experience, more tools, and low-cost, diversified digital investment options. The newly minted bank plans to share more details about how banking fits into that vision in the near future. | BetaKit
Manzil, Toronto-based halal financing & investment solution provider launches its first halal exchange-traded fund (ETF) on Nasdaq exchange. The company’s flagship Manzil Russell Halal USA Broad Market ETF began trading on the Nasdaq under the symbol MNZL. This halal ETF milestone was enabled by Manzil’s acquisition of Aghaz Investments—a Registered Investment Advisor with the US Securities and Exchange Commission—a year ago. Manzil aims to help Muslims build wealth in a way that is halal, or consistent with their ethical and spiritual obligations. | BetaKit
-
BDC is launching its new Life Sciences Fund in 2026 and hiring a managing partner for BDC Capital.BDC’s investment arm, BDC Capital, is hiring a managing partner to lead a new Life Sciences Fund, six years after spinning out its previous healthcare venture capital (VC) fund and creating Amplitude Ventures. The fund to be launch in 2026 and the new managing partner is to set the investment thesis and hire a team. More details will be shared “in the coming months.” | BetaKit
ECN Capital, Toronto-based RV and commercial loan provider enters into definitive agreement to be acquired by an investor group led by US-based PE Warburg Pincus. Common shareholders will receive C$3.10 per common share, in cash, which represents a premium of approximately 13% over ECN Capital’s unaffected closing share price of C$2.75 on the Toronto Stock Exchange on November 12, 2025, and a premium of approximately 12% over ECN Capital’s 10-day volume weighted average trading price as of such date, valuing ECN Capital at an enterprise value of approximately C$1.9 billion. Each director and executive officer of ECN Capital has entered into customary support and voting agreements in favour of the transaction, collectively representing approximately 6.3% of the total voting shares outstanding. | Warburg Pincus
-
Fitzrovia, a Toronto-based residential rental developer partnered with Chexy, Toronto-based rent and bill payment platform to help Fitzrovia residents to earn Aeroplan points on rent. Through this unique partnership, Fitzrovia residents can now pay rent using Chexy and those who are Aeroplan Members can earn Aeroplan® Points - bringing Canada's premier travel loyalty program into the rental-living experience for the first time. The partnership also introduces a market-first feature: the ability for Aeroplan Members to earn Aeroplan Points when making Fitzrovia rent payments through Chexy using their debit card, with no fee. Aeroplan Members who sign a new lease with Fitzrovia and pay rent through Chexy using debit or credit can earn Aeroplan points for signing that lease. | Newswire
-
Trulioo, a Vancouver-based an identity verification platform launched Trulioo credit decisioning, a new capability that delivers comprehensive financial, credit and risk insights through the Trulioo global identity platform. Trulioo credit decisioning drives smarter evaluation, routing and decision-making across onboarding by uniting identity, fraud and risk, and credit intelligence into one workflow. The capability layers real-time credit insights into a single, intelligent platform with global scale, where combined signals feed AI-driven models that accelerate onboarding and improve decision accuracy. | Fintech Finance News
-
CIBC Innovation Banking and Toronto-based VC Information Venture Partners together provided $20M in financing to DealMaker, a US-based capital-raising technology platform. This transaction builds on CIBC Innovation Banking’s ongoing relationship with DealMaker, which began in 2022. The financing, comprised of both equity and debt, will support DealMaker’s continued growth, product innovation, and U.S. market expansion. DealMaker provides an AI-driven platform that enables companies to raise capital directly from individual investors, supporting a range of businesses from startups to pre and post-IPO private offerings. | CIBC Innovation Banking
Fathom4sight has launched FathomPRO!
Book a Demo to gain access to the Ultimate FinTech Intelligence Tool, keeping you ahead of industry news.
