SKU-level data expert and SME credit provider help Canadian businesses track spending and manage finances
Sensibill and CAARY Partner to Bring Robust Digital Finance Solution to Small and Medium-sized Enterprises TORONTO, ON–Sensibill, the leading provider of everyday financial tools and SKU-level insights, and CAARY, a new credit and financial platform for small and medium-sized enterprises (SMEs), announced a partnership. Together, the companies will offer a …
Accuity Study Reveals Failed Payments Cost the Global Economy $118.5 Billion in 2020
CHICAGO, IL — The cost of failed payments is estimated to have cost the global economy $118.5 billion in fees, labor and lost business in 2020 according to the latest study from Accuity, a LexisNexis Risk Solutions company. The total cost of failed payments regionally was $41.1 billion in EMEA, …
Canada gets first qualified custodian for cryptocurrency assets
Tetra Trust launches and closes financing from consortium of investors CALGARY, AB–The financial institution Tetra Trust received its Certificate of Registration on July 5, 2021, making it the first Canadian regulated custodian for cryptocurrency assets. Tetra Trust also completed multiple financing rounds led by a group of strategic investors which …
With Work-at-Home agents on the rise, here’s how to secure payments
…and Improve CX By Gary E. Barnett For most consumers, the idea of handling a transaction or conducting business through a call center brings a reassuring sense of security and confidentiality. This is especially true with larger, more established brands; customers trust that stringent regulations, employee background checks and oversight …
Cashless Countries
Canada is leading the way to becoming the most cashless country in the world Canada has been named the country most likely to banish the banknote in exchange for electronic payments. Hong Kong is the world’s second most cashless economy, followed by Singapore. European countries account for seven of the …
Fraud, Financial Crimes and the Impact of COVID-19
By TJ Hoarn Having passed the one-year mark on the global pandemic, it’s clear that COVID-19 has stress-tested the inner workings of numerous industries and functions, including banks and how they fight fraud and financial crimes. Change always creates opportunities for fraudsters and financial criminals, and the pandemic has provided …
Five Treasury Trends to Watch in 2021
By Amol Dhargalkar To succeed in the 2021 marketplace, corporate treasurers must rethink their financial risk management objectives, strategies, and policies while addressing their team’s changing role within the organization. Recognizing these five trends can help treasurers prepare for success in the year ahead. Corporate treasury teams face a dramatically …
How the Pandemic Changed the Accounting Business: Remote, and Digital
By Eileen Foroglou “Necessity is the mother of invention” may be cliché, but the pandemic brought the concept to life for most industries, including accounting and finance. Over the past few years with the push toward paperless offices, workers were encouraged to go digital with the technology invented for the …
Navigating Inflation’s Choppy Waters in the Equipment Finance Industry
By Gary W. LoMonaco As we hopefully approach the end of the pandemic, most of us are weary of seeing and hearing the word, “unprecedented.” In the case of COVID-related inflation, it is a truly appropriate way to describe the pandemic’s present and future effects on the economy. We haven’t …
Equipment Finance Future Leaders Spotlight
The CFLA’s Future Leaders Spotlight is a monthly feature of emerging talent in the Canadian asset-based financing and leasing industry. Brandon Stone President, QuipFinance.com What brought you to the asset-based finance and leasing industry? I was in consumer finance but stumbled across a used commercial truck dealership who was having …