Tag: Canada

In the current digital age, SMS has become a vital communication tool, especially within the financial services sector where the need for timely and secure messaging is paramount. Yet, the regulatory framework that governs SMS communications is both complex and stringent.

Different jurisdictions around the world are gearing up to implement Basel IV, each adopting a unique approach that considers local market conditions and regulatory frameworks.

Protexxa, a rapidly emerging name in cybersecurity, recently announced the successful closure of its Series A funding round.

On 16 April 2024, Chrystia Freeland, deputy prime minister and federal finance minister, unveiled the Canadian Federal Budget for 2024-2025. This budget introduces pivotal tax measures, particularly focusing on the implementation of the Crypto-Asset Reporting Framework (CARF) and modifications to the Common Reporting Standard (CRS), which are set to be enforced from 2026. 

Canada's Department of Finance Advisory Committee on Open Banking has issued its final recommendations report, marking a pivotal step in the nation's journey towards embracing Open Banking.

RegTech firm Sigma Ratings recently provided a guide for companies to stay ahead of changing sanctions in the Canadian market.

New standards by the Canadian government will require large suppliers to disclose their GHG emissions and set targets to reduce them.

The Bank of Canada believes an offline Central Bank Digital Currency (CBDC) would help to boost financial inclusion.

Canada-based cybersecurity SaaS platform Beauceron Security has received a growth capital facility from CIBC Innovation Banking.

Five Canadian banks are joining forces with CanDeal, a market and infrastructure services provider, to set up a centralised KYC offering for the capital markets industry.