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November 9-13, 2026
Top FinTech Updates this Week
🤝 Cyder, Toronto-based loyalty platform for credit unions, is integrating with Caspian One Open Data (Caspian), bringing loyalty and rewards into the open data space, making it easier for credit unions to launch and personalize rewards using connected member data
🤝 Trulioo, a Vancouver-based an identity verification platform and FrankieOne, Australia-based RegTech firm have integrated their platforms to provide a single workflow for global KYB, identity verification, and AML compliance across 100+ markets
🚀 Payments Canada launches the Real-Time Rail, bringing 24/7 payment infrastructure to the national economy
🚀 Wealthsimple Toronto-based wealthtech firm is one of the first financial institutions to join Canada’s Real-Time Rail (RTR), a new national payments system developed and operated by Payments Canada
🚀 Webull Securities (Canada) an online investment platform and subsidiary of Webull Corporation to offer Nasdaq Basic Canada on its platform, providing clients with free access to real-time Level 1 quote and trade data across Canadian-listed equities directly through the Webull platform
🚀 Anthropic launched 'Personal Finance in Claude,' a beta tool for Pro users that connects to bank accounts via Plaid to provide read-only spending insights and financial analysis using natural language
🚀 Wealthsimple launched Penny, an AI assistant that any Wealthsimple user will soon be able to leverage to not only better understand their financial situation, but also to make moving their money around and placing trades easier during the fourth edition of its biannual Wealthsimple Presents series, titled “Something Good Is Going to Happen”
🚀 Starling Bank has launched 'talk to transact,' an agentic AI feature allowing customers to initiate payments using natural language voice prompts through the Starling Assistant
🌟 Coinbase received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company (CNTC), to expand our industry-leading custody business under a federal regulatory framework
🌟 Department of Finance Canada released Budget 2026: Masters of our destiny to meet this moment and shape Canada’s economic future: building on our strengths, driving investment, boosting productivity, diversifying our trade, creating good jobs, and making life more affordable for Canadians
🌟 Float, a Toronto-based SMB challenger bank appointed growth-stage technology operator-turned-investor Jack Fraser as the FinTech firm’s first chief financial officer (CFO)
Top Financial Institutions Updates this Week
🚀 BMO is introducing AI Agent Assist to help clients get faster answers and resolutions when they contact BMO's Virtual Connect contact centre about their credit card transactions
🚀 BMO launched Canada's market-leading cash back credit card for business owners, the BMO CashBack World Elite Business Mastercard
💼 The Department of Finance published in its Budget 2026 that they are planning to merge the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) into a single federal development bank, the two Crown corporations most directly involved in financing Canadian startups and promoting trade
💼 Royal Bank of Canada entered into an agreement to acquire Yarra Capital Management Limited (Yarra), an award-winning active asset manager that specializes in Australian fixed income, Australian equities and alternative investment solutions
💼 National Bank of Canada entered into a definitive agreement to acquire Embark Student Corp., a Toronto-based digital education savings and planning company, which manages Registered Education Savings Plans (“RESP”) for approximately 436,000 beneficiaries across the country
🌟 TD is developing an AI-powered mobile banking experience to deliver more personalized, proactive and intuitive customer interactions
🌟 RBC Foundation today announced a $1.5M donation over three years to Women's College Hospital Foundation to help advance women's health through prevention, early detection and improved access to care
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This new national payment system will transform day-to-day payments for Canadian businesses and consumers by enabling instant speed and settlement, real-time cash-flow visibility and data-rich messaging through existing banking and payment channels. The launch of Canada’s RTR marks a major milestone in modernizing the critical infrastructure that underpins Canada’s economy and future growth. The RTR will enable participating members, including financial institutions, credit unions and payment service providers, to exchange, clear and settle payments securely in real time for their customers, 24 hours a day, every day of the year. | Payments.ca
Among the best-performing AI models, 82.2% of test runs passed, while among the worst-performing models, 28.9% of test runs passed. These are some of the findings of Visa’s new industry benchmark for AI shopping, Visa Agentic Commerce Benchmark, which is designed to create a roadmap for industry players to deliver better agentic shopping experiences. The test can also be used by consumers. | PYMNTS
Fiserv is also running an agentic call center built with Sierra - it is "a return on token costs of 5 to 10 times, and no negative impact on customer NPS." Fiserv's agent platform for banks, AgentOS, is moving toward wider release. Georgakopoulos said it has nearly 200 banks in the pipeline, and that the pilot banks the company showcased at its Investor Day are nearing production deployment. Next year, Fiserv plans to open the program to a broader set of customers and launch new agent capabilities. AgentOS is built on an open architecture that lets clients integrate third-party solutions and deploy AI agents on Fiserv's systems. Use cases will become more complex and more autonomous over time. Fiserv is also using agents in its own client work. Georgakopoulos said the company now has multiple agents across offerings including XD, Cash Flow Central, DNA and CoreAdvance, aimed at shortening implementation and migration timelines for clients moving onto Fiserv. | AIM Media House
The expansion of the Global Payments Adaptive Authentication platform introduces the Visa IDX API as a core component of its intelligent authentication suite. This platform uses artificial intelligence to dynamically determine the most appropriate authentication strategy for every individual transaction. It draws on a range of capabilities, including 3D Secure, Data Only authentication, and Strong Customer Authentication (SCA) exemptions, now supplemented by the Visa IDX API. The primary objective of the integration is to provide issuers with more comprehensive transaction insights during the authorization process. | Merchant’s Eye
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This charter allows us to bring clear and consistent federal uniformity to our industry-leading custody capabilities, and strengthens the regulatory framework under which we serve customers. As crypto becomes more embedded in the financial system, this is an important step towards aligning digital-asset custody with the traditional financial infrastructure on which institutions and individuals know and rely. The OCC approval marks the next iteration of that commitment: bringing Coinbase National Trust Company’s trust activities into a consistent federal regulatory framework, while building on the strong foundation we developed with NYDFS. | Coinbase
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SoFiUSD is the first stablecoin issued by a U.S. national bank, SoFi Bank, N.A. Its deployment on the Polygon Open Money Stack expands its availability beyond Ethereum and Solana, positioning it within a dedicated payments layer designed for fiat on-and-off ramps and cross-chain settlement. This integration allows SoFi’s user base to buy, sell, and convert the asset without manually bridging assets between different networks. The Polygon Open Money Stack is a unified infrastructure that combines blockchain technology with compliance tools and regulated fiat access. The move is intended to facilitate broader utility for the digital dollar, including business payouts, merchant settlements, and cross-border transfers. The infrastructure is designed to let banks and FinTechs move money between bank accounts and stablecoins without the need to assemble capabilities across multiple providers. | Fintech Finance News
Designed for internal use by employees, this new agentic AI capability brings relevant transaction information and guidance directly to team members, reducing time spent navigating systems and helping deliver a simpler, more consistent experience for BMO clients. With AI Agent Assist, BMO aims to reduce the time spent to resolve eligible client inquiries by 20-30 per cent for eligible calls and to process about 40 per cent of eligible credit refund requests automatically. As a result, in the case of qualifying inquiries clients could receive their credit as soon as the same day. AI Agent Assist brings AI-enabled transaction matching, policy retrieval and case preparation directly to employees for review. By bringing together the information and guidance employees need in the moment, the technology helps employees respond with relevant information more quickly, reducing the need to place clients on hold while navigating systems and supports a more consistent client service experience. | BMO
TD is investing in cloud infrastructure and AI-driven intent orchestration to anticipate customer needs, provide contextual guidance and simplify banking tasks. It also introduced in-app payroll deposit switching with Atomic, enabling customers to securely switch direct deposits in about a minute. | BetaKit
The partnership combines Tru’s capital and lending experience with MCAP’s national expertise in underwriting, servicing and mortgage technology, creating a scalable model for serving mortgage brokers in new markets. The expansion extends a broker-focused model that Tru has built over more than 23 years in British Columbia while continuing the organization’s approach of growing responsibly and sustainably. Through its partnership with MCAP, Tru Cooperative Bank can draw on established underwriting, adjudication, servicing and administrative capabilities as it expands its broker business, while mortgages are funded using Tru Cooperative Bank capital. The expansion will give licensed mortgage brokers in Alberta, Saskatchewan and Manitoba access to Tru’s mortgage offering while pairing national capabilities with dedicated support for broker relationships in each market. | Globe Newswire
The budget document said the new institution would “build on the strengths, expertise, and strong teams” of BDC and EDC to provide a “more integrated suite of financing solutions” for Canadian businesses. The decision was part of an effort, originally referenced in the Spring Economic Update, to review the effectiveness of Canada’s financing Crown corporations, which also include Canada Infrastructure Bank, the Canada Growth Fund, and a forthcoming sovereign wealth fund called the Canada Strong Fund. With little detail out so far, questions abound about how the merger process could change financing options for entrepreneurs, or whether it might address some of the historical gripes about BDC’s role in the market. EDC is Canada’s export credit agency, which generally serves larger Canadian businesses selling internationally. BDC is a development bank for Canadian entrepreneurs, typically serving smaller businesses. | BetaKit
This announcement reflects a commitment to supporting family financial planning, helping Canadians better save for their child’s future through trusted, high-quality RESP services, intuitive digital tools and expert advice. Embark is one of Canada’s largest direct-to-consumer RESP providers, with a national brand and a scaled, tech-enabled platform for end-to-end education savings administration and investment management. Embark has over $6 billion in assets under management. This transaction expands the Bank’s reach in Ontario and Western Canada, enhances its retail banking franchise and further advances its digital-led strategy. Embark customers can continue to count on the same experience they've come to know and trust. Embark’s daily operations will continue as usual and in the normal course. Stakeholders are not expected to see any immediate changes. Embark will continue to apply for government grants on behalf of customers, invest RESP funds and provide Canadian families with a simple and seamless digital education savings experience. | National Bank of Canada
CIBC Global Asset Management was recognized for the following funds: CIBC Core Fixed Income Pool (ETF Series): Best 'Canadian Core Plus Fixed Income' fund over 5-year period | CIBC Canadian Small-Cap Fund (Class F): Best 'Canadian Small/Mid Cap Equity' fund over 3-year period | CIBC International Equity Fund (Class A): Best 'International Equity' fund over 10 years | Renaissance Floating Rate Income Fund (Class F): Best 'Floating Rate Loan' fund over 3-year period. | CIBC
Presented annually by the Financial Times' Professional Wealth Management in collaboration with The Banker, the Global Private Banking Awards recognize excellence across the global private banking industry, highlighting organizations that are delivering strong client outcomes through differentiated advice, service and innovation. This recognition for innovation and customer service reflects CIBC Private Banking's relationship-led approach, which combines direct access to experienced advisors with convenience and flexibility through digital capabilities. | CIBC
The awards reflect BMO's focus on leveraging digital innovation and AI to deliver more connected experiences and support clients throughout their financial journeys. Global Finance Magazine's annual digital banking assessments benchmark financial institutions on the strength of their digital strategy, innovation, client experience and breadth of digital capabilities. BMO received two awards for its Mobile Banking App and two for its work through InnoV8 to test and advance emerging technologies. Together, these capabilities make banking easier, more relevant and more valuable for clients. BMO Mobile Banking App: Designed to make everyday banking simple, personalized and secure, the BMO Mobile Banking App gives clients convenient access to their accounts and digital tools to help them manage spending, make payments and monitor their financial progress. BMO InnoV8: Launched in 2017, BMO InnoV8 brings BMO together with leading technology companies to test and scale emerging technologies. It has helped accelerate new digital and AI capabilities, including TaxHub, Lumi Assistant, CashTrack and QuickPay. | BMO
Together, the awards highlight BMO's continued investment in AI innovation across three areas: helping clients access personalized information and support, giving employees deeper insight into client needs; and streamlining processes to create more seamless banking experiences. BMO was recognized for the following initiatives: Excellence in AI for Customer Experience & Front Office: BMO Assist Chatbot LLM Integration; Excellence in AI for Hyper-Personalization in Banking: BMO Assist Chatbot – Proactive Contact Information Update Guidance; Excellence in AI for Customer Experience & Front Office: AI-Enabled Balance Inquiry in BMO Assist Chatbot; Excellence in AI-Powered Customer Service Automation: AI Agent Assist – Credit Card transaction resolution; AI Excellence in Intelligent Virtual Banking Assistants (Back-end): BMO Lumi Assistant Client Lens. | BMO
The new credit card helps business owners get more from everyday business spending with up to 5% cash back on eligible business purchases, along with premium travel, health and business protection benefits. The BMO CashBack World Elite Business Mastercard offers accelerated cash back rates across key business spending categories, helping entrepreneurs earn more from expenses they already incur, with a $1,000 monthly cap per category and no cap on the base rate: Gas and electric vehicle charging: 5% cash back | Recurring business expenses or recurring bill payments: 4% cash back | Shipping, insurance, office supplies and telecommunications services: 3% cash back | All other business purchases: 1.25% cash back. | BMO
The awards underscore the breadth of BMO GAM's investment capabilities and its continued focus on generating strong risk-adjusted returns for investors. For over three decades, the LSEG Lipper Fund Awards have recognized funds and fund management firms for their consistently strong risk-adjusted 3-year, 5-year, and 10-year performance relative to their peers. Based on Lipper's quantitative, proprietary methodology, the awards reflect an independent assessment of fund performance. | BMO
This two-decade track record reflects the depth of expertise across our portfolio managers and investment teams and commitment to consistency across changing market environments. With more than $28.0 billion in assets under management across TD ETF lineup and C$569 billion in total assets under management1, this recognition comes at an exciting time for organization and reflects the continued growth and breadth of investment capabilities. Most importantly, we remain focused on helping clients pursue their financial goals with investment solutions designed to help meet their evolving needs. The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. | TD
This strategic hire underscores RBC's long-term commitment to Indigenous economic empowerment and helps to position the bank as a leader in advancing reconciliation through actionable solutions. Ms. Martineau will lead RBC's Indigenous banking strategy and economic reconciliation efforts, reporting directly to Sean Amato-Gauci, Group Head, Commercial Banking. In this role, she will lead the RBC Origins team and advance RBC's Indigenous market strategy to drive business growth and market share expansion, stewarding integrated deal opportunities across the bank's business lines. She will partner with businesses and functions across RBC -- including Wealth Management and Capital Markets -- to unlock the full value of the organization's scale and advisory strength, positioning the bank as the partner of choice for Indigenous clients and communities. | RBC
The funding will support Women's College Hospital in expanding menopause care and hereditary cancer prevention, helping address longstanding gaps in healthcare and ensuring more women and gender-diverse individuals can access the knowledge, resources and care they need to live healthier lives. The commitment will support Women's College Hospital's newly established Centre for Sex and Gender in Health through its Healthy Aging Through Prevention program, focusing on two key initiatives: Menopause Empowerment Project & Hereditary Cancer Prevention. The $1.5 million donation is part of RBC's broader commitment to advancing the health and longevity of women by supporting organizations addressing critical gaps in research, education, and access to care across Canada. | RBC
Yarra, founded in 2017, with offices in Melbourne and Sydney, has approximately A$18 billion in assets under management as at September 30, 2026, and approximately 75 employees.RBC Global Asset Management is focused on expanding its capabilities and diversifying its market share, including outside of North America. This announcement demonstrates RBC's commitment to growing in Australia and the Asia-Pacific region, and the proposed transaction, once closed, is expected to further strengthen the bank's position as a leading global asset manager. | RBC
The awards recognize three Dynamic funds and one Scotia fund across Canadian fixed income, preferred share fixed income and tactical balanced categories over five- and ten-year periods. Recognition from the LSEG Lipper Fund Awards reflects the discipline and long-term focus investment teams bring to their work. The LSEG Lipper Fund Awards recognize funds that have delivered consistently strong risk-adjusted performance relative to their peers. Winners are selected based on the Lipper Leader for Consistent Return rating, a quantitative measure that evaluates a fund's consistency of risk-adjusted returns over three-, five- and ten-year periods. | Scotiabank
These recognitions highlight Scotiabank's leadership in transaction banking across the Americas, reflecting the strength of its global network, deep local expertise and commitment to helping clients navigate complexity and move their businesses forward. 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, Chile and select markets worldwide, GTB helps businesses navigate international finance with ease, providing knowledgeable advice and a bespoke approach tailored to their unique needs. | Scotiabank
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Nasdaq Basic Canada combines data from Nasdaq CXC, CX2 and CXD into a single market data feed, providing consolidated pricing and volume information across the Canadian market. The offering provides real-time best bid, best offer and last sale information and covers TSX, TSX Venture, CSE and CBOE listed equities. With Nasdaq Basic Canada, Webull users can access real-time Canadian market data directly through the platform, supporting a more seamless experience across charts, watchlists, screeners and order entry. The consolidated feed also provides a streamlined way to access market data across Nasdaq Canada's three trading books and can save more than 60% in Level 1 market data costs compared to traditional Canadian market data offerings. | Newswire
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The RTR will bring faster, more seamless payments to Canadians. Of the participants joining the system at launch, Wealthsimple has the largest Canadian market share. As an early adopter, Wealthsimple clients will be among the first Canadians to experience instant money movement between institutions through the RTR. The new system will enable Canadians and businesses to send and receive payments in seconds, 24 hours a day, seven days a week, including holidays, marking a major step forward in modernizing Canada's financial infrastructure. The company is currently testing capabilities, with plans to roll out new instant payment features in 2027. | Wealthsimple
Penny’s launch comes as personal AI agents become increasingly popular and raise heightened security concerns. With Penny, Wealthsimple aims to provide its clients with an in-app chatbot they can ask questions about their finances to and use to complete many of the steps associated with transferring and investing their money, from sending e-transfers to paying bills and planning contributions to various accounts. Penny stops just short of actioning these decisions without manual sign-off. The AI assistant will be broadly available by late 2026 or early 2027. However, for customers who aren’t satisfied with Penny alone, Wealthsimple is working to help them more securely connect with outside AI systems like Anthropic’s Claude or OpenAI’s ChatGPT by ensuring they keep greater control over what accounts, information, and money those agents can access, plus retain ultimate sign-off. These integrations will become broadly available early next year, with more to come over time. | Wealthsimple
This fund is managed by Desjardins Global Asset Management. Its objective is to achieve long-term capital appreciation by investing primarily in equity and equity-related securities of companies from around the world, including in emerging markets, prioritizing a quantitative approach. With the Desjardins Sustainable Systematic Global Equity Fund, the goal is to provide investors with a solution that combines the rigour of a quantitative approach with responsible investment convictions | Desjardins
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Fraser began his career in banking before moving into tech operations. He previously held CFO and COO roles at Toronto’s itravel2000 and its parent Travelzest, and guided scaling Montréal-based luxury e-commerce platform Ssense as CFO from 2016 until 2020. Fraser spent the last seven years at the Business Development Bank of Canada (BDC) serving as a partner at BDC Capital’s Growth Venture Fund, where he backed and advised some of the country’s most valuable tech companies, from Cohere to KOHO Financial, Hopper, and Super.com. | BetaKit
The new "talk to transact" feature, powered by the Starling Intelligence platform, allows customers to set up payments by speaking directly to their phone. By using prompts such as “Pay the plumber £200” or “Send Mum £20 for lunch,” the in-app Starling Assistant automatically configures the payment details. The customer then reviews the information and completes the transaction with a single screen tap. This capability is scheduled to be rolled out to all retail customers by the end of 2024. A similar feature is also in development for small business customers. This iteration will enable users to instruct the Starling Assistant to “Pay this invoice” while uploading an image of a bill, allowing the AI to extract relevant payment data and prepare the settlement. | Fintech Finance News
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Participants include Multiplier Capital, Fin Capital, 1st & Main Growth Partners, Diagram, and NAventures. The funding backs Synctera's work with sponsor banks and FinTechs as more banks get back in the game with BaaS. Embedded finance only works when banks can trust what's happening on their charter, and Synctera has built its platform around exactly that: an independent ledger, automated reconciliation and, with Cable, continuous compliance testing. Synctera acquired Cable in April 2026, and Cable tests every control continuously, across banks, FinTechs and service providers, to show whether it works in practice and not just on paper. Together, Cable and Synctera's MSB status give sponsor banks the continuous oversight regulators increasingly expect. | Synctera
Plaid and DoorDash have launched a direct integration designed to bring gig economy earnings into the mainstream financial fold. The partnership targets the more than 2 million Dashers who use DoorDash Crimson, the company’s native banking product that provides immediate access to earnings after every delivery. For many of these workers, Crimson serves as their primary financial hub, yet this capital has historically been siloed from external financial tools. The integration allows Crimson account holders to securely link their data to the 9,000-plus apps and services currently powered by the Plaid network. This functionality addresses three primary use cases for Dashers: verifying income for credit and loan applications, aggregating financial data within budgeting and personal management apps, and facilitating direct transfers to other money management platforms without the need for intermediary accounts. | Merchant’s Eye
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Caspian gives credit unions a secure, consent-managed connection to third-party providers. Its platform already connects credit unions to the live Interac® verification service, and Caspian is the preferred open data partner of the Large Credit Union Coalition. For credit unions, Caspian's "connect once, deploy to many" model is the shortcut. Cyder integrates with existing core banking infrastructure and carries each credit union's own brand, so members earn rewards seamlessly. Open banking in Canada is picking up speed especially seen in Budget 2025, when the federal government committed to completing the consumer-driven banking framework and accelerating its next phase. Most of the work so far has centred on compliance and connectivity. This partnership puts the focus on what members get when they choose to share their data. | Cyder
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Backers included Hat-Trick Capital. The company intends to use the funds to accelerate its technology development, scale its financial infrastructure, and expand its market reach. Snaplii provides a specialized fintech platform that enables artificial intelligence agents to securely transact using capped, pre-funded digital wallets without ever exposing the users’ primary credit card details. | FinSMES
The company intends to use the funds to accelerate acquisitions in the real economy, as well as hiring frontier AI engineers to build out the development of its AI operating system. Led by CEO Nilam Ganenthiran, Beacon acquires established software businesses and equips them with centralized AI infrastructure and operational support to drive growth. Their platform maps how companies operate so the value compounds for the portfolio with each acquisition. | FinSMEs
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CVC, which initially closed investment to Fund II in November of 2025, cited strong participation demand from investors and early portfolio momentum as key to its decision to re-open the fund. As the venture capital (VC) branch of Conexus Credit Union, CVC typically invests in early-stage tech companies, an area of Canadian VC that has seen significant declines in recent years. CVC’s Fund I ranked among the top performers in its size category in 2019. Fund II has grown its portfolio by 10 companies as of press time, including investments into fellow Regina startup Offstreet, Saskatoon’s Alto Technologies, Judi.ai, and Cyder, among others. | BetaKit
The firm is already more than halfway there, having secured $17 million USD ($24 million CAD) in total commitments to date across two closes, surpassing the size of its inaugural $11-million USD ($15 million CAD) fund. While the firm’s overall strategy remains largely to continue its focus on pre-seed Canadian tech startups at or near inception, Northside hopes to cut bigger cheques and invest in companies with a larger second fund. Through Fund II, Northside intends to deploy an average of $500,000 USD into each startup’s first round of financing, which is more than twice as much as the $225,000 it deployed via Fund I. It also plans to double its reserves for follow-on investments in top-performing firms to 20 percent, and invest in a total of 40 companies (10 more than its predecessor). | BetaKit
The company will use the financing to support continued growth and product development. PortX’s platform connects core banking systems, fintech applications, data and real time payments through reusable API-first infrastructure. It connects to more than 30 banking cores, more than 100 fintech applications, and the ACH, FedNow, and wire payment rails. | CIBC Innovation Banking
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The OKX Card is a Mastercard-powered virtual card that’s a key feature of OKX Pay, a solution built for spending, earning and holding stablecoins in one place. Customers can tap and go at the hundreds of millions of merchants that accept Mastercard globally, with zero transaction fees and zero FX fees worldwide. The spending limit of the card is determined by a customer's stablecoin balance on OKX Pay – the simple payment wallet built into the OKX app – with up to 10% cashback on eligible USDG purchases. Eligible U.S. customers can hold USDC, USDT and USDG; send money globally; and use their balances to back purchases through OKX Card. And at launch, customers using OKX Card can receive rebates on select AI and entertainment subscriptions, capped at $20 total each month. | Finextra
Personal Finance in Claude functions as a secure, read-only interface that aggregates data from multiple financial institutions. By leveraging Plaid's secure connection, users can sign in to their banks directly, ensuring Claude never sees or stores bank passwords. This integration allows the AI to analyze up to two years of transactions, credit limits, and balances to provide a holistic view of a user's financial health. Read-only access ensures the AI cannot move or manage funds. Zero training on personal financial hub conversations protects user privacy. Multi-account sorting categorizes spending across all connected cards and banks. | Fintech Finance News
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The partnership integrates Trulioo’s risk intelligence and verification capabilities directly into the FrankieOne platform. This allows users to perform Know Your Customer (KYC) and Know Your Business (KYB) checks through an existing integration, rather than managing multiple disparate data sources. Specifically, the arrangement provides access to Trulioo’s coverage of more than 700 million business entities. Key features of the integration include: Verification of business entities and discovery of ultimate beneficial owners (UBOs) across more than 100 markets. Access to a network of government registries, credit bureaus, and public records. Configurable workflows that allow for sequencing checks and introducing fallbacks based on risk profiles. Ongoing monitoring to track changes in business behavior and ownership structures over time. | Fintech Finance News
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Continuing on recent sovereign AI investments, the feds also committed to supplying 500 MW worth of compute for Canadian tech companies. It introduced a massive reorganization of the nation’s Crown corporations, including the planned merger of the two most familiar to Canadian tech: BDC and EDC. Canadian Commercial Corporation to become a subsidiary of Export Development Canada (EDC). Minister of Finance now responsible for Canada Infrastructure Bank (CIB) . Canada Strong Fund to become Crown corp.Canada Growth Fund mandate to be expanded. $3.5 million over two years to the Department of Finance to oversee new Crown corp. functions & support consolidation. Real-Time Rail Phase 1 launch Nov.9. Public consultation on payments modernization in early 2027 . Amendments to the RPAA to strengthen Bank of Canada’s oversight of payment service providers. Require regulated financial institutions to issue stablecoins through non-financial institution subsidiaries regulated under the Stablecoin Act. Extend Stablecoin Act to foreign financial institutions not prudentially regulated in Canada. Introduce a Multi-Sector Anti-Fraud Framework as cornerstone of National Anti-Fraud Strategy. Establish new Financial Crimes Agency (operations beginning fall 2027). Competition objective to instruct OSFI regulations. One-year timeline on application decisions for prospective regulated financial institutions . Greater flexibility on foreign ownership structures to encourage entry of mid-sized challenger banks. | Canada.ca
The round values the AI-powered tax research software provider at more than $700 million USD. US-based growth equity firm JMI Equity led the round, with existing investors Oak HC/FT, Sapphire Ventures, and Intrepid Growth Partners also participating. The round featured a secondary capital component, buying out “long holders” and a small amount for long-term employees, but did not disclose how much of the round this included. Blue J claims its AI-powered platform can answer questions about federal, state, and local taxes in the United States, Canada, and the United Kingdom. The company said the proceeds will help it scale its agentic AI for tax work feature, Workflows, as well as expand in the UK and internationally. While Blue J’s platform is versed in UK tax law, Alarie said the company still doesn’t have “boots on the ground” in the country. | BetaKit
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