Overall financial health of Canadian DB pension plans remains strong: Mercer
TORONTO, ON–The financial health of Canadian defined benefit (DB) plans was volatile in the second quarter of 2024, with plans’ overall funded positions at the end of the quarter in a position similar to that at the beginning of the quarter. The Mercer Pension Health Pulse (MPHP), a measure that …
Graph-Based Data Models: Unleashing The Power of Data-Driven Insights
By Rab Govil The world is currently in an era of digital transformation, where information flows abundantly. And banks are realizing that data-driven insights—which help deliver a best in class customer experience—aren’t just a competitive advantage but a necessity for sustainable growth. In fact, in 2022, WBR Insights found that …
Creating Hyper-Personalized Financial Services in the Age of Data
By Reg Marrinier The global pandemic has accelerated the rise of the digital economy, driving financial institutions to continuously contemplate the next big innovation to differentiate their service offerings. With huge stores of transactional data and client histories, financial institutions need to activate the value of data assets if they …
CIBC’s Innovation Framework wins for supporting development of new banking tools and programs
TORONTO, ON–CIBC has won a 2021 BIG Innovation Award, presented by the Business Intelligence Group. The annual business awards program recognizes organizations, products and people around the world that are bringing new ideas to life in innovative ways. The CIBC Enterprise Innovation team received an Organization Award for its Innovation …
Brilliance Financial Technology Launches DPX
NEW YORK, NY–Brilliance Financial Technology has released DPX, an integrated solution that combines pricing, rates and product and profitability management. DPX gives banks new capabilities to grow profits in real time with the following: –Pricing management, with artificial intelligence and machine learning technology that helps banks structure and price deals …