Capital MarketsFinancial InstitutionsSummer 2023 Issue

Equitable Bank continues funding diversification

TORONTO, ON–Equitable Bank has completed an offering of €300 million of legislative Covered Bonds due May 28, 2026 (the “Covered Bonds”). The bonds were issued under the Bank’s Global Legislative Covered Bond Programme, which recently increased in size from a capacity of $2 billion to $3 billion, reflecting the growth …

Financial InstitutionsIndustry News

Global initiative furthers banks’ efforts to help address climate change by aligning financing activities with net-zero emissions by 2050

TORONTO, ON–Ahead of the United Nations Climate Change Conference (COP26) in Glasgow, six of Canada’s largest banks – BMO, CIBC, National Bank of Canada, RBC, Scotiabank, and TD – together announced their pledge to join the Net-Zero Banking Alliance (NZBA) as part of a global, industry-led initiative to accelerate and …

Consumer BankingFinancial InstitutionsIndustry News

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 …

Financial AnalyticsFinancial InstitutionsIndustry NewsIndustry Trends

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 …

Canadian LenderConsumer BankingFinancial Institutions

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 …

Financial InstitutionsIndustry Trends

BMO Special Report on the Post-Pandemic Economy: Building a Bridge

TORONTO, ON–BMO Financial Group eleased an in-depth report on the long-term global structural shifts accelerated by the COVID-19 pandemic and current economic crisis. “We’re in the midst of one of the most significant social and economic challenges we’ve ever faced, where we must – now and in the coming months …