Desjardins is trying to diversify their banking domain by starting a $45m fintech fund in Canada. The fund will disburse funding between few hundred thousand dollars to $3m dollars to startups for exchange of 10-25% of their companies. By investing in new startups Desjardins can stay on top of its game when it comes to … Continue reading Quebec Desjardins Starting $45m FinTech Fund
Freedom Mobile says that 15,000 accounts were breached earlier this year, and that they will be notifying customers if their accounts were breached. Freedom Mobile had no idea their system was hacked until security firm vpnMentor notified them of the breach. vpnMentor said they had reached out to the company few times to let them … Continue reading 15,000 Accounts Hacked at Canada’s Freedom Mobile
No more need for cashiers at a Walmart store in Toronto. Walmart Supercentre near St Claire and Runnymede is testing out fast lane checkout system. Walmart said that they will also roll out this fast lane check out in Thornhill next year and that if the system will be deemed successful at these stores, it will … Continue reading Toronto Walmart Allows Phone Purchases in Store
Ontario government has decided to cut funding to startup and innovation programs in the province. Ontario Premier Doug Ford has promised to balance province’s books at any means necessary. Ford wants to cut funding by 50% to various provincial agencies that help IT and tech companies scale up in Ontario. For example, Ontario Centres of … Continue reading Ontario Reduces Startup Funding
Netflix and Crave subscribers beware. There is another subscription service coming on top of your Prime TV membership that comes standard with Amazon Prime account. Soon you will have a choice of 13 ondemand and live TV services that can be added on top of your Amazon Prime TV account. It’s not confirmed when this … Continue reading Amazon to Bring Streaming Service To Canada
The U.S. Securities and Exchange Commission is charging Kik Interactive Inc. for illegally distributing US$100-million of digital tokens in 2017. Kik Interactive, Inc. develops smartphone messaging applications for iPhone, Android, Windows Phone, and BlackBerry. Its Kik Messenger enables users to talk to friends, and browse and share various Websites with friends. Kik is among few … Continue reading SEC Goes After Canadian Unicorn
Police in Vancouver say that Bitcoin ATMs are used for money laundering and must be stopped. Vancouver Mayor agrees with them. Bitcoin users say that federal rules need to be set for bitcoin across Canada. Unlike banks and money lending services, bitcoin machines are not covered by federal anti-money-laundering regulations. “Regulate the use and operation … Continue reading Vancouver Potentially Cracking Down on Bitcoin ATMs
