Many Canadians Still Not Financially Resilient, Banks’ Rep Declined
NORTH VANCOUVER, BC–While slightly more Canadian households are financially resilient amidst the COVID-19 pandemic, according to Seymour Management Consulting Inc.’s October 2020 Seymour Financial Resilience Index, there has been an increase in those who are struggling. The index, published quarterly, measures a consumer or household’s ability to get through financial …
Mortgage Automator Partners with DocuSign to help private lenders collect signatures from investors and borrowers remotely
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 …
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 …
BMO Annual TFSA Study: Canadian Investors Show Changes in Financial Behavior and Build Momentum With Contributions in 2019
> More than half of Canadians (58 per cent) said they contributed what they had expected to their TFSA this year, while 11 per cent said it was more and 23 per cent said it was less than their anticipated plan > Average annual contribution is up 10 per cent …
Mogo launches newly designed mobile app and introduces Canadians to the 4 habits of financial health
VANCOUVER, BC–Mogo Inc., a financial technology company, today announced the launch of its newly redesigned mobile app that makes it easier than ever for Canadians to get in control of their financial health. Financial stress continues to be the number one stressor for Canadians and is even more pronounced among …
BMO’s automated, digital solution to put customers in control of bill payments
A Canadian banking first: solution speeds up the bill payment process, helps eliminate late bill payments TORONTO, ON–BMO QuickPay is a new automated way for customers to pay their bills without needing to log into online or mobile banking. BMO QuickPay provides everyday banking customers with a frictionless way to …