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WASHINGTON, DC–The Equipment Leasing & Finance Foundation (the Foundation) has released the October 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment …

TORONTO, ON–Cambridge Global Payments has partnered with Ripple to deliver cross-border payment solutions to business-to-business (B2B) customers, using RippleNet, Ripple’s global payments network. This partnership will be of particular importance to small-midsized enterprises (SMEs). Traditional global payments systems currently involve many intermediaries, which can slow down payments and increase the …

OTTAWA, ON–Payments Canada has released survey results from Canadian small business owners, identifying payment pain points, needs, and trends. These findings include: Almost 50 percent of small merchants believe Canadian stores will become cashless in the next ten years, of which the majority are unconcerned; Close to 1 in 4 …

FIRST HALF OF 2020 FINDINGS HIGHLIGHT OVERALL DECLINE IN HUMAN-INITIATED ATTACKS, GROWTH IN BOT ATTACKS TARGETING FINANCIAL SERVICES ORGANIZATIONS LexisNexis Risk Solutions released its biannual Cybercrime Report, which tracks global cybercrime activity from January through June 2020. The report dives deep into how the COVID-19 pandemic has impacted the global …

By Susan Perlmutter The pandemic has changed how we live, work, and the way we communicate. The financial industry, particularly, has faced some difficult issues, including payment processing delays, loan approval backlogs, and overall accessibility. Financial institutions have been inundated with customer service inquiries and have scrambled to provide timely …

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 …

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 …

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 …

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, …

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 …