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 …
Consider Global Market Prospects
As the world moves towards economic recovery, now is the time for Canadian financial services to consider their global market prospects By Roy Farah Canada is now grappling with a second wave of the COVID-19 pandemic. Stability will come, as it did after numerous major global economic downturns in years …
Lessons from 2020: Corporate Payments and Treasury See a Digital Future on the Horizon
By Andrew Bateman Earlier this year, as the coronavirus spread rapidly around the world, corporations were faced with difficult decisions about the crisis. First and foremost, out of an abundance of caution and in order to ensure the safety of their workforce, organizations enforced work-from-home policies. This was a seemingly …
Protecting Real-Time Payments
By Amanda Holden Canada is already one of the most cashless societies on the globe, but that hasn’t stopped our financial industry from finding more ways to modernize the way consumers and businesses pay for the goods and services they acquire. Enter the Real-Time Rail (RTR), expected to launch in …
Combating Money Laundering, Counter Terrorist Financing with Advanced Optimization Software
By Justin Newell Money laundering and counter terrorist financing are pervasive crimes in Canada and worldwide. For its part, the Canadian parliament and regulatory agencies are continually looking for new ways to strengthen their financial crimes regulations. Reflecting this ongoing effort were the July 2019 amendments to the “Proceeds of …
Bridging the EFT-ACH Chasm
By Victor Hinojosa As with most things in the modern world, digital has become the preferred format for most payments, whether it be personal or business, domestic or international. A Payments Canada survey showed that electronic payments accounted for CAD2.9 billion in payments made in 2018, and it is quickly …
4 ways to Prevent Chargebacks
By Rich Stuppy A chargeback happens when a consumer disputes a charge to their debit or credit card with their bank. In many cases, disputes are the result of fraudulent activity. As a result, banks reimburse consumers for the charged amounts: the “chargeback.” But those disputes are bad news for …