Weekly FinTech & Financial News


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November 2-6, 2026

Top FinTech Updates this Week

  • 💰 The Government of Canada committed an equity investment of up to $1.6B in Cohere, a Toronto-based enterprise AI platform alongside private investors, including NVIDIA, Bell, and Schwarz Group

  • 🤝 d1g1t, a Toronto-based enterprise wealthtech provider, reported that Harbourfront Wealth Group selected and deployed d1g1t's institutional-grade enterprise wealth management platform to support continued growth and deliver a more connected digital experience for advisors and clients

  • 🤝 Shopify embedded agentic payment technology developed by Visa, Mastercard and American Express into its checkout feature, Shop Pay

  • 🤝 The European Union and the Government of Canada have committed to interlinking their respective instant payment infrastructures, specifically targeting a connection between Canada’s upcoming Real-Time Rail (RTR) and European systems

  • 🚀 Stripe launched Link Balance, a new product that gives autonomous AI agents balances in collaboration with Link

  • 🚀 Adyen, the global financial technology platform rolled out Visa Payment Passkey (VPP) through Authenticate, a module within its AI-powered payment optimization suite, Adyen Uplift

  • 🚀 APX Lending, Toronto-based crypto-backed lending provider plans to bring Bitcoin-backed mortgages to Canada, with a rollout expected in Q1 2027

  • 🚀 BDC launched two AI programs Mission AI, which will help small businesses identify where AI can make them more productive, and Studio AI, which will build and deploy solutions that make it easier for businesses to transact with BDC

  • 🚀 Mastercard launched the SME Academy: Cybersecurity, a free digital platform providing practical security education to help European small businesses defend against common cyber threats

  • 🚀 Desjardins Insurance launches Neurodiversity Focus to better support neurodivergent individuals and their loved ones, as well as employers who want to foster more inclusive workplaces

Top Financial Institutions Updates this Week

  • 🤝 CIBC partners with Thought Machine, an UK-based FinTech to build simpler, faster and more personalized banking experiences in Canada

  • 🤝 BMO is expanding its travel insurance offering through a new partnership with Redion, a global leader in travel insurance and assistance services

  • 🚀 TD launched a new mobile app experience designed to make it faster and easier for clients to move money from another financial institution into their TD account

  • 🚀 TD is launching TD Talk Money, a new social-first initiative designed to encourage young Canadians build financial literacy through candid conversations, practical learning and interactive digital experiences

  • 💼 Equitable Bank entered into a definitive agreement with Desjardins Group for the sale of Bennington Financial Corp., provider of commercial equipment leasing and financing

  • 🌟 Bank of Canada reported that effective October 30, 2026, non-primary dealer government securities distributors (GSDs) of Government of Canada (GoC) securities may become eligible to participate in select market operations conducted by the Bank, provided they meet certain eligibility requirements

  • 🌟 Scotiabank’s patented AI-Powered Predictive Payment Prompts help clients stay on top of routine banking tasks with timely, intuitive reminders for upcoming bill payments, email money transfers and account-to-account transactions

  • 🌟 BMO and TD Bank have blocked third-party artificial intelligence agents from accessing their digital properties, the latest banks in a string of banks that have restricted the technology

  • 🌟 Bank of Canada launches consultation on draft supervisory guidelines related to accreditation for consumer-driven banking

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Weekly FinTech & Financial News