CFOtech Canada - Technology news for CFOs & financial decision-makers

About Karen Joy

Karen Joy Bacudo mugshot photo
Karen Joy Bacudo
Finance Editor
Karen wears two hats at TechDay, balancing her role as an editor while assisting with finance tasks. She bridges writing content and reconciling numbers to support the team, with the same level of accuracy and precision.

Stories by Karen Joy

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Float launches AI tool to automate Canadian tax coding

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Float rolls out AI-driven transaction coding for Canadian businesses, aiming to cut month-end admin with HST, GST and PST automation.
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Pinewood lifts revenue as US dealership testing starts

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Pinewood boosts annual revenue and EBITDA as testing begins at Lithia's US dealerships, with cash rising and medium-term growth targets intact.
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Wasabi secures USD $250 million credit facility from Bain

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Wasabi lands USD $250 million Bain-led credit line to fund cloud storage expansion, AI-ready infrastructure and overseas growth.
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Xero unveils AI business health scorecards for users

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Xero rolls out AI-powered business health scorecards as 4.6 million subscribers gain deeper KPI tracking, cash flow forecasts and sharing tools.
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Paysight adds Paymend failed-payment recovery tool

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Paysight plugs in Paymend's recovery layer to help merchants reclaim failed payments and cut churn across eCommerce and subscription billing.
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Nium partners Coinbase for USDC cross-border payments

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Nium and Coinbase launch USDC payments service for businesses across 190 markets, aiming to cut trapped liquidity and speed cross-border settlements.
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Lydian launches Visa Platinum card for digital assets

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Lydian rolls out Visa Platinum card that lets customers spend more than 300 digital assets at 150 million merchants worldwide.
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Accounting software faces AI rivals in bookkeeping shift

3 days ago
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Intuit's QuickBooks is under pressure as AI start-ups push automated bookkeeping, forcing accounting software to prove it can do more than digitise ledgers.
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Xero launches AI-native operating system for small firms

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Xero unveils AI-native finance platform and JAX assistant to cut admin for small firms, with accountants and bookkeepers also in line for gains.
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Mastercard & Lobster.cash team up for AI agent payments

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Mastercard and Lobster.cash to let OpenClaw users authorise AI agents to spend on existing cards, backed by Verifiable Intent.
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Companies change incentive plans faster, report finds

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CaptivateIQ survey finds 91% of firms changed incentive strategy in the past year as AI, budget pressure and wider plan use speed up redesigns.
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CIQ launches Linux compliance platform ahead of deadlines

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CIQ rolls out Enterprise Linux compliance stack as federal cryptography, defence contractor and post-quantum rules tighten from 2026.
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DoBusiness.com joins Payments Canada as member in shift

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DoBusiness.com joins Payments Canada after rule changes open the door to payment service providers, widening access to Canada's core payments governance.
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spektr raises USD $20 million to expand AI compliance

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Spektr lands USD $20 million Series A from NEA as Copenhagen AI compliance platform targets manual checks at banks and fintechs.
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Tether backs Drift Protocol relaunch with GBP £150m

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Tether leads USD $150 million recovery plan as Drift Protocol seeks to restore user balances and restart trading after April exploit.
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Blackhawk launches digital wallet for unified stored value

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Blackhawk Network has unveiled a Digital Wallet API that lets brands pool gift cards, refunds, loyalty rewards and promo credit into one spendable balance.
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Global study finds 78% use AI for investment insights

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Study finds AI now shapes investment research for 78.3% of users, with strongest enthusiasm in the Middle East and Latin America.
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Gr4vy launches toolkit for ChatGPT agentic payments

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Gr4vy unveils Agentic Development Kit to help merchants sell inside ChatGPT and other AI platforms without overhauling their payment systems.
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Equifax Canada warns of 31% rise in first-party fraud

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Equifax Canada flags 31% jump in first-party fraud as credit cards and banking see more applicants overstating income and finances.
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Dext launches AI Assist as accountants warn of tax errors

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Dext launches AI Assist in Canada as accountants warn that plausible automated tax advice can still understate liabilities and trigger filing issues.