- Investing platform eToro announced plans to acquire Argentina-based financial app LB Finanzas to establish a regional hub in Latin America.
- LB Finanzas offers investments in stocks, ETFs, cryptocurrencies, and money market funds, along with payment services and accounts in Argentine pesos and US dollars.
- The deal marks eToro's fourth acquisition of 2026 and will help the company expand its international footprint by leveraging LB Finanzas' local expertise and infrastructure.
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This week's edition of Finovate Global features the latest fintech news from Canada.
Wealthsimple launches AI agent
Toronto-based fintech Wealthsimple unveiled a suite of new solutions this week, including an AI-powered assistant. Named Penny, the AI assistant is able to send e-transfers, pay invoices, flag duplicate credit card charges, and help self-directed investors buy and sell stocks and exchange-traded funds (ETFs)—all within the Wealthsimple platform. Explicit client...
Banks and fintechs are turning to AI to help improve customer experiences, but the quality and accessibility of their data are becoming critical to successful implementation. For credit unions, which often compete with larger banks operating with significantly greater technology budgets, AI presents an opportunity to deliver more personalized services, anticipate member needs, and reduce friction across digital channels. But in order to reach those benefits, firms need to start by building...
- Verifone has teamed up with Visa's Featurespace to bring AI-powered fraud detection to its global payments network.
- The integration uses adaptive machine learning to analyze more than 1,800 transaction attributes in real time, helping merchants reduce fraud, chargebacks, and false declines.
- Visa acquired Featurespace in 2024. The company demonstrated its fraud detection technology at FinovateFall 2016 in New York.
Global payments technology provider Verifone has teamed up...
- Investment solutions provider MDOTM has announced that Morgan Stanley Wealth Management's Portfolio Solutions team will use MDOTM's Sphere platform to scale its model portfolio solutions.
- MDOTM's Sphere leverages AI to enable asset and wealth managers to analyze markets, build and manage investment portfolios at scale, and generate reports more efficiently.
- Founded in London in 2015, MDOTM made its Finovate debut at FinovateEurope 2025.
AI-driven investment solutions provider...
