Making the Open Banking Transition
By Hamed Arbabi The rise of FinTech companies around the globe opened the Pandora’s box on the question of who owns the financial data and what will they do with it? The way that the current financial services ecosystem operates in Canada, and in most countries, other than notably the …
Why Connected Banking is the Future
By Raju Vegesna In 1994, in the heyday of Microsoft Windows PC, Bill Gates bragged that “banks are dinosaurs…we can bypass them”. With digital money increasingly found inside the smartphones of today’s consumer, it seems his 26-year-old prediction came true. Cash and traditional bank deposits are now competing with Big …
New Ways to Pay, New Security Approaches
By Paul Fabara As we begin a new decade, it seems fitting to reflect on changes our world has seen over the past 10 years. From how we consume media and the ubiquity of the smartphone, to the proliferating volume of data, offering opportunities for more personalized and seamless consumer …
Transitioning Online: How Small Businesses Navigate eCommerce
By Marta Rzeszowska In the next three years, worldwide retail ecommerce sales are expected to double, reaching $6.6 trillion and, according to BDC research, nearly half of all Canadian small and mid-sized businesses aren’t ready to capitalize. With no online presence, many small businesses are letting their competitors — large …
FreedomPay Introduces Touchless Commerce Program to Take Payments to the Safer Next Level
Enabling touchless commerce protects the safety of merchants and customers during the onset and aftermath of COVID-19 PHILADELPHIA, PA–FreedomPay, the world’s leading consumer-centric commerce platform announces its Touchless Commerce program, ensuring the safety of merchants and customers globally. Whether in a restaurant, airport, convenience store, retail outlet or hotel, enabling …
Cloud Computing: Darker Skies Ahead?
By John Ingold (left) and Michael Moerman, Capco Canada’s highly concentrated financial services market is dominated by the top 11: Six Domestic Systematically Important Banks (D-SIBs), one large foreign bank, one large regional co-operative, and three large life insurance entities. The fear for many is …
Pandemic driven shift to digital channels accelerating mobile verification in Canada
Pandemic driven shift to digital channels accelerating mobile verification in Canada, helping prevent fraud TORONTO, ON–EnStream, Canada’s provider of mobile verification services, has seen a significant lift in transaction volume due to the increase in digital traffic during the Covid-19 pandemic. Institutions using EnStream’s services can, with an individual’s consent, …
Canadian eCommerce community helps retailers thrive online
Merchant Mastery is a free resource retailers can turn to for guidance and advice EDMONTON, AB–The eCommerce industry is booming right now, and many retailers are looking for guidance on how to refocus their strategies online. Merchant Mastery — a Facebook group open to online retailers and brick and mortar …
Canada Life cuts group health insurance premiums to support Canadians and business customers during COVID-19
“Issuing premium credits is the fastest way to give group customers immediate relief”: Macoun WINNIPEG, MB–The Canada Life Assurance Company is cutting group health insurance premiums for its employer-sponsored group benefits plans to support Canadians and small- and medium-sized businesses facing hardship as a result of the global COVID-19 outbreak. …
Fleet Complete Offers Free Service until July 31st to Customers with GM Vehicles
To help with the impact of COVID-19 on businesses in North America; offer aims to help fleet owners establish remote fleet management operations and comply with guidelines TORONTO, ON–Fleet Complete, the fastest-growing global provider of connected vehicle solutions, today announced its fleet assistance program with free service until July 31, …