Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: FinTech and Alternative Finance
Canada’s cybersecurity issues and how to address them in your personal life
February 20, 2026
Image: Freepik/DC Studio
Along with the rest of the world, Canada's citizens are facing new cybersecurity threats. This can make it hard to feel confident online. The real-world result can lead to financial loss, sensitive data being available to all, and a wider impact on the economy.
Here are some of the issues you could encounter, as well as measures to protect yourself.
AI-powered phishing and deepfakes
One of the newest types of issues is AI-powered scams, or deepfakes. Criminals use AI to create personalized social engineering attacks. This could be in the form of fake videos of celebrities "talking" to you or as a romance scam.
Always verify the person you are speaking to independently, especially if they ask for money or passwords. Remember, celebrities will never do this, so it is an immediate red flag.
See: Canada Launches First National Anti-Fraud Strategy
Check any videos carefully. If you watch, you will be able to spot weird movements that break the AI illusion, such as words not matching with mouth movements.
Data broker scams
Malicious websites are selling compromised credentials such as passwords, user logins and personal information, which can lead to account takeovers.
Avoid your accounts being at risk by manually requesting removal from major broker sites. There are legitimate companies you can pay to do this, as it is time-consuming.
Try to practise good online hygiene. Make sure you have strong passwords that you change regularly. Do not open strange emails, as they could be links to harvest your data. Importantly, if you do think someone has information they shouldn’t, report it to the relevant body in Canada.
Supply chain vulnerabilities
As a small to medium-sized business owner, your company is important to your personal life. You may notice that your business is targeted by scammers to gain access to secure networks. This puts any personal data in your care at risk.
Implement rigorous vendor risk management, as well as mapping the supply chain for any vulnerabilities. Make it part of your policy to conduct regular manual checks as well as employ software to monitor your network continuously.
Ransomware-as-a-service (RaaS)
Ransomware remains the top cybersecurity threat. It works by infiltrating your systems and network, rendering your data inaccessible. This enables fewer technical criminals to launch attacks against both individuals and businesses.
Make sure you have system backups offline and regularly check for and apply security patches to all systems. Consider using a VPN free to encrypt your data, making it harder for criminals to access and read.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Wealthsimple Earns CIX Innovator Of The Year
Feb 19, 2026 | NCFA Fintech Market Activity | CIX Summit
Image: Michael Katchen, Co-founder and CEO, Wealthsimple
Wealthsimple Earns CIX Innovator Of The Year
On February 19 2026, Elevate named Wealthsimple Innovator of the Year for 2026 CIX Summit, who achieved a banner record year that included assets under administration doubling from $50B to more than $100B, 650,000 new clients, and more than 3 million Canadians served.
The release ties the award to three proof points that matter for founders and investors who care about durable scale.
First, it says Wealthsimple raised $750M in equity financing at a $10B post money valuation in October 2025 while maintaining profitability.
Second, it highlighted product expansion that moved beyond a single wedge, including 24/5 trading for US stocks, new trading tools including margin and expanded options strategies, plus a credit card.
Third, it points to distribution outcomes, including capturing 35% of all First Home Savings Accounts opened in Canada and ranking among the top three institutions in the country for net deposits.
Lisa Zarzeczny, CEO, Elevate:
“Wealthsimple exemplifies the bold innovation and execution that the CIX Innovator of the Year award celebrates. Their commitment to using technology to democratize access to sophisticated financial tools is exactly the kind of innovation Canada needs more of. We’re thrilled to honour their achievements and hear from Mike at CIX Summit about how they’re continuing to push boundaries in an industry ripe for disruption.”
This award lands in a moment where Canadian consumers keep moving toward digital first money management, and incumbents keep responding with pricing and product changes like options fee changes and real gold investing, plus competitive positioning where challenger platforms push directly at big bank margins. Those tracks connect cleanly to what CIX rewards here, which is compounding execution across product, distribution, and balance sheet strength.
In addition to Innovator of the Year award, see all 14 CIX 2026 startup award winners across early, emerging, and growth categories.
Mike Katchen is scheduled to accept the award and speak at CIX Summit 2026 on March 25 2026 at the Design Exchange in Toronto, alongside curated startup presentations and investor meetings, according to the release. NCFA is sharing a 20% community partner discount on CIX Summit passes for its community. Use CIXNCFA20 for 20% off. CIX publishes ticket options and event logistics on its official ticket page. Register with NCFA and save.
Talking Point
If a fintech can add hundreds of thousands of clients while it doubles assets, raises late stage capital, and expands into credit, what becomes the real incumbent moat in Canada next, distribution, product depth, or trust?
Awards do not build companies, but they do spotlight operating models that work. Congratulations to Michael Katchen and the entire Wealthsimple team for leading fintech in Canada across a number of fronts. Well deserved!
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Apex Group Pilots WLFI USD1 Stablecoin for Tokenized Funds
Feb 18, 2026 | NCFA Fintech Market Activity | Tokenization and Digital Assets
Image: Freepik
Apex Group And WLFI Test USD1 Stablecoin Rails For Tokenized Funds
On February 18 2026, WLFI announced a strategic collaboration with Apex Group covering over $3.5 trillion in serviced assets, with a planned pilot to explore using WLFI’s USD1 stablecoin for tokenized asset subscriptions, distributions, and redemptions.
Apex Group operates in 52 countries and explains the work and partnership as a way to bring regulated stablecoin infrastructure into fund administration workflows, with the stated goal of streamlining settlement and improving operational efficiency for institutional clients.
See: VersaBank Becomes Banking Partner For QCAD Stablecoin
The collaboration also extends beyond cash movement. Parties will evaluate ways to make WLFI assets, including real estate and infrastructure holdings, available on the London Stock Exchange Group Digital Market Infrastructure platform, subject to applicable regulations and requirements. The Apex Group will also explore making assets tokenized using Apex Digital 3.0 available through WLFI’s planned mobile app, which the release says will support digital asset management and connections to bank accounts and wallets.
Zach Witkoff, Chief Executive Officer and Co Founder, World Liberty Financial:
“Working with Apex Group allows us to demonstrate USD1’s tremendous utility within capital markets infrastructure. This collaboration accelerates our mission to make WLFI assets accessible at the most established financial services platforms globally.”
The release also describes WLFI as inspired by President Donald J. Trump. The link to a political brand raises the stakes for how market participants evaluate governance, oversight, counterparty risk, and reputational exposure, especially when the use case touches institutional fund servicing rather than retail trading. Early WLFI token sales generated significant investor demand and capital commitments, positioning the ecosystem as both a funding vehicle and an emerging digital asset platform.
For tokenized funds, the operational promise is clear. Subscriptions and redemptions create predictable and repetitive money movement. A stablecoin rail can compress settlement timelines, tighten reconciliation loops, and reduce dependency on multi step bank handoffs, if the controls meet the standard that allocators and regulators expect.
If administrators can run clean tokenized fund flows on stablecoin rails, other administrators, custodians, and infrastructure providers will feel pressure to offer equivalent settlement options, or to partner with providers that already can. That competition will centre on who can deliver reliability, auditability, safeguards, and integration speed.
See: Stablecoin Interest and Rewards A Regulatory Fault Line
Peter Hughes, Founder and Chief Executive Officer, Apex Group:
“Our clients are increasingly interested in blockchain based solutions that deliver tangible benefits and cost savings. This collaboration with World Liberty Financial lets us examine how USD1 and stablecoin infrastructure can modernize our platform and services, while providing the edge to support our clients as digital asset integration becomes standard practice.”
Talking Point
If stablecoins start handling fund subscriptions and redemptions at scale, do administrators become the main gatekeepers that decide which stablecoin rails earn institutional trust?
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Olympic Commerce Fraud Tests Payments Safeguards
Feb 18, 2026 | NCFA Fintech Market Activity | Payments and Cybersecurity
Image: Freepik/viarprodesign
Fraud Campaign Targets Payments Ahead Of Milan Cortina 2026
On February 18 2026, reports of fake Olympic merchandise stores harvesting payment data surfaced ahead of the Milan Cortina Winter Games, exposing how large scale sporting events create concentrated digital commerce risk for consumers and payment providers.
Security researchers said fraudulent online stores replicated official Olympic branding and targeted fans through paid social ads. These sites collected card details and personal information at checkout, highlighting how event driven ecommerce spikes attract coordinated fraud campaigns designed to exploit urgency and trust.
Olympic Games generate predictable surges in travel bookings, ticketing, merchandise sales, and hospitality spending. That volume creates a short window where fraud actors can test payment authentication controls, merchant verification processes, and consumer awareness at scale. For payment providers, the risk is less about individual transactions and more about reputational and chargeback exposure across thousands of purchases.
See: Cybersecurity Bill C8 Raises Fintech Security Bar
Major global events have historically accelerated payments adoption, from contactless transit trials to mobile wallet acceptance across venues. At the same time, they expose gaps in digital identity verification, merchant onboarding, and fraud detection workflows. This combination turns Olympic commerce into a real world stress test for payment security infrastructure.
Canadian cross-border spending behaviour consistently ranks high per Olympic visitor card spend, meaning domestic issuers and fintech wallet providers often absorb fraud impacts even when the transaction originates overseas. That creates incentives for stronger real time transaction monitoring, merchant intelligence, and consumer education before peak travel windows.
Talking Point
Large scale events compress digital commerce into short intense spending cycles. When Olympic demand meets fraudulent storefronts and social commerce ads, which payment safeguards will prove most resilient for consumers, merchants, and fintech platforms?
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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OwlTing Targets $230B US Remittance Market
Feb 18, 2026 | NCFA Fintech Market Activity | Payments and Remittances
Image: Freepik
Visa Direct Push Payments Challenge Cross Border Transfer Fees
On February 17 2026, OwlTing announced the launch of OwlPay Cash targeting the $230B US outbound remittance market, introducing a retail remittance app built on Visa Direct rails and supported by US money transmitter licences across 40 states.
OwlPay Cash enables local currency payouts directly into eligible bank accounts and launches with five remittance corridors Mexico, India, Colombia, Peru, and Argentina, with plans to expand to 26 regions, including Canada. Cross River Bank is mentioned as a US settlement partner.
Visa Direct integration allows push to account transfers that can settle near real time where supported. OwlTing positions the product around fee transparency, removal of monthly charges, and improved delivery speed compared to traditional SWIFT based transfers.
This puts OwlTing into a competitive field shaped by digital remittance leaders such as Wise and Remitly, both of which emphasize transparent FX pricing and fast digital delivery. Wise promotes mid market exchange rates and variable delivery speeds depending on funding method and corridor. Remitly offers tiered speed options across bank deposit and cash pickup channels. OwlTing’s differentiation rests on Visa Direct rails and corridor focus, but price execution and delivery reliability will determine competitiveness.
For Canadian fintechs, the implications are direct. Canada consistently ranks among the world’s larger remittance markets, with strong outbound flows to Asia, Latin America, and Africa. If US based apps normalize faster push payments and cleaner fee disclosure, Canadian providers will face rising consumer expectations. Platforms serving newcomers, gig workers, and cross-border small businesses will need to match or exceed that standard.
Darren Wang, Founder and CEO, OwlTing Group:
“For too long, cross-border payments have burdened U.S. immigrants and freelancers supporting families abroad with high costs and slow speed.”
Talking Point
If Visa Direct powered remittance apps scale in the United States, will Canadian fintechs compete on speed, FX pricing transparency, corridor specialization, or integrated financial services?
See: Reducing The Costs of Remittances
Remittance economics are tightening. Card network push rails reduce settlement friction. Regulated banking partners add compliance credibility. Canadian operators that rely on slower correspondent banking flows may face margin compression if similar models expand north or partner locally.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer to peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Top Secure Crypto Exchanges for Canadian Investors in 2026
February 18, 2026
Image AI generated
Canadian cryptocurrency investors operate within a strictly regulated and highly secure environment. The Canadian Securities Administrators (CSA) and FINTRAC have established rigorous standards for digital platforms. Investors should choose exchanges registered with Canadian regulators like CSA or CIRO. Top exchanges use cold storage and strong authentication to help protect user assets. Every investor should understand the regulatory landscape before committing their hard-earned capital. Safety remains the primary concern for Canadians participating in the evolving digital economy.
Bitbuy and Institutional Custody
Bitbuy remains a premier choice for Canadian investors seeking maximum regulatory security. The exchange is registered with CIRO and the OSC to serve Canadian investors. Security protocols include keeping over 90 percent of user assets in cold storage via regulated custodians. Bitbuy holds crypto in its integrated crypto wallet with Coinbase, BitGo, and Tetra as trusted custodial partners. This structure ensures that your digital assets remain safe from unauthorized external access. The exchange has successfully processed billions in trades without experiencing a major hack. Investors benefit from a platform that mimics the security of traditional banking institutions. Bitbuy represents a benchmark for safety within the competitive Canadian cryptocurrency trading landscape.
NDAX and Advanced Compliance
NDAX provides a robust trading environment by prioritizing rigorous security certifications and compliance. The Calgary-based exchange holds a SOC2 Type II certification for its internal controls. This standard proves that their security systems meet high global data protection requirements. NDAX keeps most crypto offline with multi‑signature cold wallets using Ledger Vault security. It restricts transfers by allowing withdrawals only to whitelisted, verified wallet addresses. These tools empower users to maintain granular control over their own account safety. NDAX is registered with FINTRAC and follows Canada’s anti‑money‑laundering rules. Low trading fees do not compromise the professional security standards maintained by NDAX. This platform is ideal for those who value transparency and high technical safety.
Coinbase and Global Standards
Coinbase has solidified its position in Canada by obtaining a Restricted Dealer license. As a publicly traded entity, the company undergoes frequent audits and financial reviews. They offer a secure interface that integrates seamlessly with Canadian banking through Interac. Security features include mandatory two-factor authentication and advanced biometric login for mobile apps. Coinbase supports strong authentication options, including hardware‑compatible 2FA. Other crypto platforms, such as DeFi trading apps and an online casino that accepts crypto, also implement similar security and verification measures to protect users’ funds. These measures drastically reduce the risk of account takeovers from unauthorized entities. The platform stores the vast majority of customer funds in secure offline vaults. Coinbase collects and reports crypto tax information under CARF as required by law. This global giant offers localized reliability for Canadians looking for a trusted name.
Wealthsimple and Regulated Investing
Wealthsimple offers a simplified approach for investors who prefer an all-in-one financial app. The platform is a member of the Canadian Investment Regulatory Organization for safety. Wealthsimple uses robust compliance and security controls for crypto, consistent with other investments. Wealthsimple holds client crypto in trust with multiple regulated custodians, including Gemini. For instance, Wealthsimple monitors crypto transactions for suspicious activity using industry analytics tools. This proactive monitoring detects suspicious activity and reduces potential fraud risks. Assets are protected by cold storage solutions that are disconnected from the internet. The app provides a familiar and secure gateway for traditional investors entering crypto. Wealthsimple ensures that every digital trade follows the strict guidelines of Canadian law.
Navigating the Secure Canadian Crypto Landscape
Selecting a platform in 2026 requires a focus on regulation and technical safety. Canadian investors should prioritize exchanges that maintain registration with the CSA or CIRO. Most regulated Canadian crypto platforms now use cold storage and multi‑signature wallets for protection. Tools such as hardware 2FA and transaction monitoring provide essential layers of digital defense. As the CRA implements new reporting frameworks, compliance has become a primary requirement.
See: Apex Group Pilots WLFI USD1 Stablecoin for Tokenized Funds
Reliable platforms offer a balance between user convenience and robust institutional-grade security protocols. Every Canadian should perform due diligence before depositing funds into any digital wallet. Understanding these core principles ensures a safer experience within the modern crypto economy. Choosing regulated partners helps protect a financial future against the various emerging cyber threats. Secure investing remains the most effective way to participate in this growing market.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Nuvei Powers Nautilus Plus Omnichannel Expansion
Feb 18, 2026 | NCFA Fintech Market Activity | Payments Infrastructure
Unified Payments Across Physical And Digital Fitness Channels
On Feb 17 2026, Nuvei announced a partnership with Nautilus Plus to power omnichannel payments across its Quebec gym network and integrated digital platform, Ultime Fit.
The integration was completed in six weeks, a fraction of the typical six-month cycle for omnichannel payment rollouts. Nuvei’s modular payment infrastructure now handles point-of-sale, mobile, and online transactions in a unified flow, aligning billing, reconciliation, and member onboarding across the physical and digital experience.
See: Nuvei MiCAR CASP License For EU Crypto Services
Phil Fayer, Chair and CEO of Nuvei said the speed of delivery reflects a shared focus on improving member experiences.
"Delivering a fully omnichannel integration at this pace is extremely rare, and it shows what is possible when both teams are equally committed and aligned. We are proud to support a Canadian brand that brings real innovation and meaningful lifestyle change to the fitness community."
Martin Légaré, President and CEO at Nautilus Plus, added that seamless payments for both gym members and Ultime Fit users were essential for delivering a consistent experience.
For Nuvei, this engagement demonstrates practical enterprise payments impact in a sector where high volume and diversity of channels, such as in-person, subscription, and digital content, all demand consistent reconciliation and predictable cash flow and settlement times. Merchants that unify payment flows reduce operational friction and improve financial insights, which matters for weekly cash reporting and monthly accrual accounting.
Nuvei recently secured shareholder approval for its $6.3B Advent International buyout approval, reinforcing its transition into private ownership.
Talking Point
Unified omnichannel payment platforms reduce reconciliation complexity and can strengthen merchant economics. When fintech infrastructure providers deliver rapid, reliable integrations, what operational and competitive advantages can smaller verticals, like fitness and wellness, unlock compared with players on legacy payment stacks?
For fintech builders and operators, this partnership demonstrates how integrated payments can serve both physical and digital channels with a single platform, improving predictability and member experience without sacrificing controls.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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