Fintech

Canada’s Fintech Companies May Not Benefit From Real-Time Payments at Launch

[caption id="attachment_349870" align="aligncenter" width="1714"] Payments Canada (CNW Group/Payments Canada)[/caption] Payments Canada, the country's operator of clearing and settlement systems, and major financial institutions are gearing up for the launch of real-time payments in the form of Real-Time Rail from the organization, by the end of 2022. However, Payments Source reports that financial technology companies based...

RBC, Scotiabank Ranked Highest for Embracing Fintech: IDC

Canadian banks are embracing financial technology, but there are two lenders who are the most active in the area: Royal Bank of Canada (RBC) and Bank of Nova Scotia, according to a new report from the International Data Corporation (IDC). The IDC measured five areas: innovation, taking steps to change culture, funding external fintech research,...