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Canadian fintech KOHO this week launched their first credit building product. KOHO Credit Building reports all activity to TransUnion®, one of the two

FinTech startups frustrated with glacial pace of Canada’s open banking consultations Sue Britton was feeling “super optimistic” when the Advisory Committee on Open Banking sent out a package for phase-two consultation participants with an outline of the workshops it wanted to hold and its recommendations for an eventual framework. “It was very exciting to see such a focus on both the consumer and the small business and innovation,” she said. “To see the purpose was to not only protect the consumers but give them access to innovative products in a safe way, I though...

FDX reports 16 million consumers using API, claims Canada, US lead in open banking adoption The Financial Data Exchange (FDX), an organization that aims to bring the financial industry under a common standard for financial data access, has claimed Canada and the United States are “global leaders” in open banking adoption. FDX, which only operates in the United States and Canada, recently reported 16 million consumers in Canada and the United States are using its FDX API for open banking and open finance data sharing. “The common narrative that the US and Canada are some...

Mobile banking provider Koho completes $70-million financing round Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Mobile banking provider Koho Financial Inc. has raised $70-million in its latest financing, new money that leads to Power Corp. giving up its controlling stake in the company. Koho will announce next week that its latest round of funding was led by new investor Atlanta-based TTV Ca...

Canadian Challenger Bank KOHO Launches No-Fee Savings Account “KOHO Save” March 5, 2021 @ 9:01 am By Samantha Hurst KOHO, a Canada-based challenger bank that offers Canadians an alternative to traditional banking, announced on Friday the launch of its first no-fee savings account, KOHO Save. Koho reported that the new product, which is now available in the KOHO app, offers a highly competitive 1.2% interest on a user’s entire balance, with no teaser rates and no minimum balance required. KOHO further revealed that users on KOHO Save will have their entire balance held in trust at a CD...