Bank of Canada Stories

Global Stories

Bank of Canada stories

Yondr secures dual facilities to fund Europe growth

The data centre developer gains extra funding headroom as tightening power access makes new sites harder to secure across Europe and North America.

By Karen Joy Bacudo • 3 min read • Last week

Fintech

IBM & Red Hat launch £5bn open-source security plan

The move targets vulnerabilities in software used by large firms, as AI makes it easier to find and exploit flaws.

By Sean Mitchell • 4 min read • Last month

Fintech

Project Agorá advances into real-value payment testing

The next phase could ease delays and settlement risk in wholesale cross-border transfers as Project Agorá moves to real-value testing.

By Karen Joy Bacudo • 4 min read • Last month

Data Protection

Multiverse unveils LittleLamb open-source AI models

Compact language models from the Spain-based firm aim to ease offline AI deployment for mobile, industrial and defence users.

By Sofiah Nichole Salivio • 4 min read • Wed, 29th Apr 2026

Software-as-a-Service

OpenAI raises USD $122 billion in record AI funding

Investor appetite for AI remains intense as OpenAI's new cash haul lifts its valuation to USD $852 billion and deepens its compute push.

By Mark Tarre • 4 min read • Tue, 7th Apr 2026

Fintech

Spade raises USD $40 million to boost payments data

Banks and fintechs are increasingly using payments data for fraud checks and rewards as Spade expands its merchant-matching platform with fresh funding.

By Karen Joy Bacudo • 4 min read • Thu, 26th Mar 2026

Fintech

LemFi gains Bank of Canada oversight under new RPAA

LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.

By Karen Joy Bacudo • 3 min read • Thu, 12th Mar 2026

Hybrid Cloud

MariaDB to acquire GridGain to power low-latency AI

MariaDB moves to buy in-memory specialist GridGain in a bid to deliver sub-millisecond latency for agentic AI and real-time workloads.

By Sofiah Nichole Salivio • 4 min read • Sat, 7th Mar 2026

Data Protection

Multiverse unveils CompactifAI for offline mobile AI

Multiverse launches CompactifAI, a quantum-inspired app that runs compressed AI models offline on mobiles, targeting strict data regimes.

By Sofiah Nichole Salivio • 4 min read • Thu, 5th Mar 2026

Stories from Other Regions

Bank of Canada stories

Fintech

Kraken lists QCAD as Canada weighs stablecoin rules

Canada's new stablecoin regime could decide whether users can earn rewards on CAD-backed tokens, as Kraken warns of split oversight.

By Karen Joy Bacudo • 4 min read • Yesterday

Data Protection

RBC expands Vancouver hub to add 1,000 jobs by 2029

The bank plans to add 440 net new roles in British Columbia by 2029 as it widens its artificial intelligence and banking operations.

By Karen Joy Bacudo • 4 min read • Last week

Data Analytics

National Bank of Canada teams up with Sardine on fraud

The deal gives National Bank of Canada new fraud tools as lenders race to curb losses without adding friction for customers.

By Karen Joy Bacudo • 3 min read • Last month

Quantum Computing

Photonic raises CAD $275 million, at CAD $2.7B valuation

The funding gives the Vancouver quantum group fresh capital to hit milestones, expand hiring and deepen partnerships as it pursues commercial-scale systems.

By Jake MacAndrew • 3 min read • Last month