Challenger banks in Canada: who’s who and what’s their tech

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Open Banking takes effect in the UK from January 13, forcing banks and payment companies to share data with third parties like tech companies. business Insider logo The words "Business Insider".

 · Canada has been recognized as one of the best markets to build and test innovative fintech solutions, and the province of Ontario, in particular, has among the highest concentrations of tech firms outside Silicon Valley, thanks in part to cheaper costs and the cluster of Toronto and Waterloo area universities producing engineers and developers.

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Banknotes of the Canadian dollar are the banknotes or bills (in common lexicon) of Canada, denominated in Canadian dollars (CAD, C$, or $ locally). Currently, they are issued in $5, $10, $20, $50, and $100 denominations. All current notes are issued by the Bank of Canada, which released its first series of notes in 1935.

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Canada’s challenger banks: who’s who and what’s their tech With Open Banking coming to Canada and the appetite for digital innovation, the country’s challenger banking market is poised for growth.

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