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 …
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, …
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 …
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 …
The Changing Face of Canada’s Accountancy
By Richard Perri The ancient mantra “the only certainty is uncertainty” is proving true for Canada’s accounting sector. It is experiencing both market disruption and pressure on workplaces to evolve business models to remain competitive in today’s environment. As a leading human resources and payroll technology provider, ADP Canada wanted …
The Future of ATMs
According to new research by RBR, the number of automated deposit terminals (ADTs) installed worldwide grew by 4% to reach a record 1.4 million in 2018. In a busy world where time is of the essence, both business and retail customers no longer expect to have to queue for the …
The Need for Secure Digital Identities
By John D’Apolito Trust, security and confidence in partners are the fundamental underpinnings of supplier/procurement relationships, especially today’s digital supply chain. For without current information, such as potential red flags or insights into ethical practices, partners will be cautious. These trading relationships require secure digital identities. Enhanced digital identities are …
Cybersecurity More Important Than Ever
By Yves Paquette At a time when data breaches are the matter of the moment, our fourth annual NOVIPRO/Léger Portrait of IT Trends could not be more relevant. But while the data gathered in the study reveals a shift in some trends, the pace at which companies are changing their …
Turning to Low-carbon Solutions
By Dana Krechowicz Agriculture and mining are on the front lines of climate change. Why? First, they depend on predictable climatic conditions to ensure stable outputs and operations. Climate change is making it harder for farmers and mining companies to predict operating conditions, which adds additional risks and costs to …
Capital spending may hit record
Non-residential construction and machinery and equipment (M&E) capital expenditures are projected to hit a record $275.5 billion in 2020, according to Statistics Canada, from $268 billion in 2019, and surpassing the previous peak of $272.1 billion registered in 2014. The 2020 capital investment intentions data, encompassed in the Capital and …