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7/10

XTM Inc. Reports Prolonged Service Outage Following Bank of Canada Compliance Order

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XTM Inc. (OTCQB: XTMIF) has provided an update regarding a continuous service outage that first began on January 26, 2026. The company confirmed that the suspension of payment activities is a direct result of a compliance order issued by the Bank of Canada. This regulatory action specifically concerns the Management Services Agreement between XTM and Everyday People Financial Corp. As part of this agreement, a blocked account arrangement was executed on November 3 to address specific regulatory requirements. The prolonged disruption is expected to weigh heavily on the company's operational capacity and revenue streams in the near term. Investors are closely monitoring the situation as the company works to resolve the compliance issues with Canadian authorities. The incident highlights the increasing regulatory scrutiny facing fintech firms operating in the North American market.

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news.detail.sourcesSection:businesswire.com