Consumer demand for improved digital purchase transparency is on the rise
TORONTO, ON–The way that consumers shop, pay and bank is changing dramatically. Accelerated by the COVID-19 pandemic, consumers are adopting new digital habits at a faster pace than ever before. In the first two months of the pandemic alone, global ecommerce spending surged by USD $53 Billion and consumers came …
Westcap invests in Rocky Mountain Equipment
SASKATOON, SK–Westcap Mgt. Ltd. has made an investment in Rocky Mountain Equipment. The transaction was completed in syndication between Westcap MBO II Investment LP and Golden Opportunities Fund Inc., Saskatchewan’s longest-standing provincial Retail Venture Capital (RVC) Fund, both funds are managed by Westcap. RME is Canada’s largest independent agriculture equipment …
Raymond James Names Marwan Kubursi Managing Director and Head of HealthCare and Technology
TORONTO, ON–Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., says Marwan Kubursi has expanded his area of responsibility and been named Managing Director and Head of Technology in addition to his role as Head of HealthCare. Kubursi will oversee the firm’s efforts assisting …
CMI Financial Group rebrands business operations
New branding reflects firm’s renewed corporate vision as a leading non-bank financial services provider TORONTO, ON–CMI Financial Group (CMI), Canada’s premier private mortgage lender has completed an extensive rebranding of its business groups to better reflect its unique value proposition as a leading provider of turnkey mortgage lending and investment …
PayTechs of Canada gets new Executive Director
TORONTO, ON–PayTechs of Canada is pleased to welcome Alex Vronces as its new Executive Director, effective February 1st. Alex comes with a strong payments background, most recently with Payments Canada, where he provided thought leadership and advice on a number of key strategic policy initiatives including the modernizing of the …
Flexiti to be acquired by CURO, forging a strategic partnership
Combination with CURO secures the capital required by Flexiti to target rapid growth in loan originations within the Canadian marketplace; Flexiti signs agreement to increase credit facilities from $380 million to $500 million TORONTO, ON–Flexiti Financial Inc., Canada’s leading provider of point-of-sale (POS) consumer financing solutions for retailers, announced today it …
Montreal entrepreneurs team up to compete with major Canadian investment firms
MONTREAL, ON– Nymbus Capital has completed the acquisition of the assets of Perseus Capital, a private alternative investment management firm using a quantitative macroeconomic approach. This represents a second major strategic transaction for Nymbus in the fourth quarter of 2020, following the merger in November with Landry Investment Management. These …
CIBC’s Innovation Framework wins for supporting development of new banking tools and programs
TORONTO, ON–CIBC has won a 2021 BIG Innovation Award, presented by the Business Intelligence Group. The annual business awards program recognizes organizations, products and people around the world that are bringing new ideas to life in innovative ways. The CIBC Enterprise Innovation team received an Organization Award for its Innovation …
Will payment methods be a way Canadians use to track their spending more accurately?
By Lorenzo Pellegrino As Paysafe discovered when we surveyed consumers in April, COVID-19 and the social distancing measures Canada and other countries have put into place to combat the virus have impacted when, where, and, arguably most importantly, how they are spending money. The shift to eCommerce is one clear …
The Advantages of Blockchain
By Kellogg Fairbank ECommerce is expected to surpass USD4.6 trillion globally by 2022, according to The Payment Methods Report 2019, with the seamless experience of e-wallets boosting its popularity. The simplicity of services like PayPal and Stripe has helped to improve customer experience while giving merchants easy access to new …