Canadian LenderConsumer BankingFinancial Institutions

Mortgage Automator Partners with DocuSign to help private lenders collect signatures from investors and borrowers remotely

TORONTO, ON–As many industries try to figure out new ways of operating during the current Covid-19 pandemic, Mortgage Automator announced a new integration with DocuSign that will help private lenders gather required signatures remotely, prioritizing health and safety of all parties involved. This integration allows private lenders to connect their …

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Cybersecurity

EY survey finds board-business dynamic is contributing to cyber risk

Disconnect leading to one-third of Canadian organizations unable to articulate potential threats; 34% of Canadian organizations have yet to fully articulate their cyber risks TORONTO, ON–A disconnect between cybersecurity efforts and business functions is putting more Canadian organizations at risk as information gaps leave leaders with a limited understanding of potential …

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Consumer Banking

Accelerated customer growth, demand for digital banking help drive EQ Bank deposits over $3B

TORONTO, ON–EQ Bank, the digital platform offered by Equitable Bank Canada’s Challenger Bank™, announced it has surpassed $3 billion in deposits, driven by the recent acceleration in customer growth. In the last three months alone, despite uncertain times, EQ Bank has seen daily sign-ups triple for new accounts. Challenging the …

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Industry NewsInsurance

Hub International Acquires Ontario-Based usefulideas

TORONTO, ON–Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired JM Rose Insurance Agency Limited, d/b/a usefulideas® (usefulideas®). Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, usefulideas® is a full-service business consultancy, employee benefits and group retirement firm. Joanne Rose, …

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HospitalityPOS

Flexiti Signs Multi-Year Agreement with Visions Electronics to offer Point-of-Sale Financing Technology

TORONTO, ON–Flexiti Financial, a provider of point-of-sale consumer financing solutions for retailers, announced that Visions Electronics, a leading retailer for electronics with locations across Canada, has launched its point-of-sale financing technology. Flexiti’s financing solution is now available in all 43 retail locations in addition to their e-commerce site, which launched …

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Payment ProcessingPaymentsPOS

COVID-19 accelerating the move to digital payments across Canada

Interac shopping data shows spike in consumers and businesses choosing digital payments as economy begins to reopen TORONTO, ON–According to new data released by Interac Corp., payment transaction records show that today, more than ever, Canadian consumers and businesses are adopting digital methods to spend, send and receive money. A …

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E-commerceIntegrated Payments

FreedomPay Introduces Touchless Commerce Program to Take Payments to the Safer Next Level

Enabling touchless commerce protects the safety of merchants and customers during the onset and aftermath of COVID-19 PHILADELPHIA, PA–FreedomPay, the world’s leading consumer-centric commerce platform announces its Touchless Commerce program, ensuring the safety of merchants and customers globally. Whether in a restaurant, airport, convenience store, retail outlet or hotel, enabling …

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FinTech

Cloud Computing: Darker Skies Ahead?

          By John Ingold (left) and Michael Moerman, Capco Canada’s highly concentrated financial services market is dominated by the top 11: Six Domestic Systematically Important Banks (D-SIBs), one large foreign bank, one large regional co-operative, and three large life insurance entities. The fear for many is …

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Fraud & Identity

Pandemic driven shift to digital channels accelerating mobile verification in Canada

Pandemic driven shift to digital channels accelerating mobile verification in Canada, helping prevent fraud TORONTO, ON–EnStream, Canada’s provider of mobile verification services, has seen a significant lift in transaction volume due to the increase in digital traffic during the Covid-19 pandemic. Institutions using EnStream’s services can, with an individual’s consent, …

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E-commerce

Canadian eCommerce community helps retailers thrive online

Merchant Mastery is a free resource retailers can turn to for guidance and advice EDMONTON, AB–The eCommerce industry is booming right now, and many retailers are looking for guidance on how to refocus their strategies online. Merchant Mastery — a Facebook group open to online retailers and brick and mortar …

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