Canadian robo-advisor Wealthsimple lands unicorn status with $87m raise
Wealthsimple serves some 1.5 million users.
Wealthsimple serves some 1.5 million users.
The Montreal-based firm saw a surge in demand increase share prices from $20 to $45.
Oracle has also picked up a new deal in Bangladesh.
The Canadian firm plans a front-to-back revamp.
It also faced charges of compliance and supervision failures.
Canadian firms partner up to debut new card.
Kris Hansen heads back to venture capital backers to build “new adventure”.
TSYS adds a few years to ongoing payments deal with TD Bank.
The Canadian bank aims to run thousands of simulations for “millions of data points.”
Affirm will power instalment payments for ‘Shop Pay’.
It aims to increase the proportion of non-white executive hires to 30% from 20%.
The fintech is moving into wealth and expanding to the US.
The regulators will build a “referral mechanism” between their fintech sandboxes.
Wellington Holbrook promised earlier this year he wouldn’t be moving far.
The start-up helps banks avoid the security risk of replicating data.
Big Blue to outfit Canadian CUs across three provinces.
Since 2015, Flagstone says it has facilitated £5 billion in deposits.
TransferGo, Penta and Money Mover were early participants in the pilot programme.
Some trading apps see their future in the saving market.
The Canadian firm has an ongoing partnership with Microsoft.
“People don’t want to tell strangers how bad they’re doing with their finances,” says founder.
Major Canadian bank shifts MX.3 to the Amazon cloud.
“A bad-actor was attempting to introduce malware into our network,” says firm.
The bank will give start-ups and tech entrepreneurs access to funding and expansion opportunities.
Canadian credit union shifts to new system to drive “flexibility”.
Copper is yet to reveal its launch date but has opened a waiting list to teens.
The fintech connects users’ bank accounts under a single dashboard.
The neobank is focused on “making saving easy”.
Neo plans a credit card and rewards-based savings.
It will arrive in the US later in 2020 or early next year.
“We’re building a lifestyle brand,” says the fintech’s Europe CEO.
Founder Hash Aboulhosn restarts company to found new venture.
The investment brings the fintech’s total funding raised to $40 million.
Canadian bank launches research fund to develop AI and ML.
The 25-person fintech will continue to power the bank’s ‘Assistant AccèsD’.
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
Ten AI patent applications were submitted by RBC across 2019.
$380.5m is for breach compensation, and $1 bn for information security overhaul.
The impersonators harvested customers’ online banking logins.
EQ Bank has integrated TransferWise’s API directly into their infrastructure.