AP SystemsFinTechIndustry News

VersaFile now providing Hyland Accounts Payable Solutions to Western Canadian Market

VersaFile is now offering AP Solutions built on Hyland’s OnBase Platform that lower costs and streamline AP operations VANCOUVER, BC–BC-based enterprise content, process, and automation solutions provider, VersaFile, is now providing Accounts Payable Solutions built on the Hyland OnBase platform. Hyland Software partnered with VersaFile based on their expertise, core …


Zebu Closes $4-Million USD in Seed Funding to Work With Small and Mid-Sized Businesses on Security and Communication

Waterloo-based Zebu launched its secure business management platform in Canada this October and has already amassed around 5,000 users WATERLOO, ON–Zebu is excited to announce that after closing its most recent funding round, it has now secured a total $4-million USD to date. The Waterloo-based tech startup has launched a …

Corporate PartnershipsFinTech

Finance Montréal aims to grow FinTech start-up sector with IBM collaboration

Partnership offers up to $120,000 in IBM public cloud credits to FinTechs in their first year of business MONTREAL, QC–Finance Montréal has a new partnership with IBM which will help FinTech start-ups in Montreal accelerate their growth and connect with like-minded enterprises. Through the partnership, qualifying FinTechs will have access …

Investment Solutions

NOVACAP officially launches its new financial services fund

Novacap first private equity firm in Canada to launch fund dedicated to financial services MONTREAL, QC–Novacap, one of Canada’s leading private equity firms, announced the introduction of a new sector fund and its first closing. Novacap Financial Services I gathered initial commitments of C$260 million, a strong start toward its …


Restructuring at Desjardins Group

MONTREAL, QC–In response to the events of recent months, Desjardins Group President and CEO Guy Cormier has announced major changes to the organization’s structure. Several months ago, Desjardins launched an internal review of the privacy breach. Based on the findings of this review, Desjardins is announcing that it is restructuring …

Business Borrowing & LendingCanadian LenderUnderwriting

First National to Provide Mortgage Underwriting Processing Services to Manulife Bank

TORONTO, ON–First National Financial LP has entered into an agreement with Manulife Bank of Canada to provide underwriting and fulfillment processing services for mortgages originated by Manulife Bank through the residential mortgage broker channel in Ontario and Atlantic Canada. Under the strategic agreement, First National will employ a customized software …

Corporate AcquisitionsMergers & Acquisitions

Pollard Banknote to Acquire mkodo Limited

WINNIPEG, MB–Pollard Banknote Limited has signed a definitive agreement to acquire 100% of the equity of mkodo Limited, a leading provider of digital apps and user interfaces for the lottery and gaming industry worldwide. The Acquisition is subject to certain standard regulatory and third-party consents and is expected to close …


NFI Group announces selection of Pipasu H. Soni as next Chief Financial Officer

WINNIPEG, MB–NFI Group Inc., one of the world’s leading independent bus and coach manufacturers, announced today the selection of Pipasu H. Soni as NFI’s next Chief Financial Officer. Soni joins NFI as Executive Vice President, Finance, effective immediately, reporting to NFI Chief Executive Officer Paul Soubry in a transition role …

AppointmentsFinancial AdvisoryInvestment Solutions

CIBC Mellon names Ash Tahbazian Chief Relationship, Revenue Officer

Leading relationship management and relationship development TORONTO, ON–CIBC Mellon has appointed Ash Tahbazian to the newly-created role of Chief Relationship and Revenue Officer. Effective today, he assumes overall responsibility for the company’s relationship management and relationship development functions. He also joins CIBC Mellon’s leadership team. Tahbazian has more than 25 …

Equipment FinanceTelematics

Vecima Networks Selected for Fleet Management Solution by the City of Saskatoon

VICTORIA, BC–Vecima Networks Inc’s Telematics Division has been awarded a contract with the City of Saskatoon for its fleet management solution. Using Vecima’s state-of-the-art Nero Global Tracking telematics solution, the City will be able to monitor, manage, and make informed decisions for their fleet of over 1,000 powered and unpowered …