Pateno Payments, Bitvo joined Fintechs Canada

Fintechs Canada is pleased to welcome Pateno Payments and Bitvo Inc. to the association.

“With the implementation of the Retail Payments Activities Act (RPAA) underway, input from experienced leaders who have demonstrated commitment to responsible innovation are integral to the success of a thriving fintech sector in Canada” said Alex Vronces, Executive Director of Fintechs Canada. “We’re excited to have Pateno Payments and Bitvo Inc. join the association.”

Fintechs Canada works with the federal government to deliver its platform commitments on payments modernization, open banking, and the digitalization of money in support of a thriving fintech sector in Canada. Companies like Pateno and Bitvo, who have experience in more traditional financial services as well as crypto products that are newer to the industry, provide valuable insight on the changing landscape of fintech. 

“Looking globally, it is clear that other developed nations have progressed much faster and become much more sophisticated in their deployment and adoption of financial technologies,” said Pateno and Bitvo President and CEO Pamela Draper. “While companies like Pateno and Bitvo are significantly advancing the development of innovative financial technologies for Canadians, the country as a whole needs to catch up before it risks falling too far behind our global peers.”

“We look forward to working alongside FinTechs Canada and other fintech leaders to ensure this happens.”

About Pateno Payments 

Pateno Payments Inc. (Pateno) provides innovative business payment solutions to meet the needs of fast-paced, growth-oriented businesses in Canada. Its innovative payment solutions ensure a more streamlined, secure and flexible way to transfer money. Via Pateno’s API technology, businesses can initiate payments from existing web pages, portals, and apps, allowing them to scale capabilities to meet ever changing industry, regulatory and growth requirements, while providing best-in-class customer experience.

About Bitvo Inc. 

Wholly owned subsidiary of Pateno, Bitvo Inc. (Bitvo), is a crypto asset trading platform that facilitates buying, selling and trading cryptocurrencies through its website and mobile applications. Bitvo differentiates itself by making transacting in cryptocurrencies easier than anyone else and offering proprietary features such as the Bitvo Same Day Guarantee, the Bitvo Cash Card and technical analysis tools. Additionally, Bitvo adds trust and credibility to the crypto asset sector as a regulated entity being a registered Money Service Business with FINTRAC and a Restricted Dealer under the securities laws of all provinces and territories in Canada.

About Fintechs Canada

Established in May 2019 as a not-for-profit member association and recently renamed to Fintechs Canada, the association serves as the collective voice for fintechs in Canada. Our membership includes market-leading Canadian fintechs, fintech-friendly financial institutions, the technology companies powering Canada’s credit union sector, and global fintech companies, among others.

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