Innovation Federal Credit Union (Innovation) and smartTrade Technologies, a global leader and specialist in ultra-low latency, multi-asset electronic trading and payments solutions, announced today the successful transition of Innovation’s Foreign Exchange (FX) business onto smartTrade’s Commercial Banking & Payments (CBP) platform, following the transfer of operations from Concentra, Equitable Bank’s subsidiary.

As of July 13, 2026, Innovation is operating its FX business on smartTrade’s CBP platform, providing a scalable technology foundation to support its direct and white-label clients and strengthen FX services for credit unions and their members across Canada.

The transition was delivered through a carefully sequenced twelve-month implementation, completed on schedule. Throughout the project, Innovation and smartTrade worked closely to ensure continuity of service and a smooth experience for end users, demonstrating the strength of the technology, project delivery, and collaboration between the two organizations.

“smartTrade stood out as more than a technology provider. Their team worked closely with us to ensure a seamless transition for the credit unions and members we serve. Combining their proven foreign exchange and payments expertise with our national reach creates a strong foundation to enhance services, drive innovation, and deliver greater value to communities across Canada,” said Daniel Johnson, Chief Executive Officer of Innovation Federal Credit Union.

For Innovation, CBP provides a fully integrated foundation for FX pricing, distribution, and cross-border payments — part of smartTrade's broader ecosystem of natively cross-asset trading and payments solutions used by financial institutions worldwide.

"We are proud to have supported Innovation at every stage of this transition — bringing the platform, the people, and the project discipline to complete a complex change of ownership on schedule, with continuity of service for every client. Innovation's expanded FX offering now runs on our Commercial Banking & Payments platform, and we look forward to supporting its growth for many years to come," said David Vincent, CEO & Co-Founder of smartTrade Technologies.

Building on this transition, Innovation and smartTrade will continue to deepen the platform's capabilities for credit unions and their members across Canada.

About smartTrade Technologies

smartTrade Technologies provides AI-driven, multi-asset electronic trading and payments technology to financial institutions. Headquartered in France, smartTrade serves more than 250 clients from 12 offices worldwide, delivering solutions for FX, Precious Metals, Money Markets, Fixed Income, Digital Assets and Derivatives, all as secure SaaS.

The smartTrade ecosystem brings together the solutions below. Each can be deployed as an independent, standalone application, or combined with the others as part of the ecosystem:

• Trading (LiquidityFX and smartFI): LiquidityFX is an end-to-end, ultra-low-latency trading solution with modules for connectivity to liquidity providers and venues, aggregation, smart order routing (SOR), pricing, distribution, order management (OMS), risk management and analytics, plus AlgoBox for proprietary business logic. smartFI is a fixed income trading solution for sell-side and buy-side firms, covering government and corporate bonds and interest rate swaps, with venue connectivity, market data aggregation, RFQ and order workflows, price distribution and best execution reporting.
• Payments (Commercial Banking & Payments): Unites FX and payments across the entire lifecycle, so banks can offer integrated cross-border payment experiences. Features include tailored pricing and distribution, support for multiple payment types, cash management tools, ISO 20022 compliance and flexible API integration.
• FX Derivatives (kACE): A market-leading suite for FX and interest rate derivatives pricing, analytics and risk management, including kACE Pro, kACE Treasury and kACE Gateway. It covers the full options lifecycle, including structured product pricing, volatility analysis and 3D scenario risk modeling, so institutions can automate complex derivatives workflows.
• smartTrade Flow: A post-trade solution covering matching, reconciliation, accounting, risk and position, settlement, regulatory reporting and audit. When used with LiquidityFX and Commercial Banking & Payments, clients get trading, payments and post-trade from a single vendor.

The smartTrade Agentic Copilot (STAC) embeds human-in-the-loop agentic AI across the ecosystem, helping teams automate workflows while keeping people in control.