Hyundai Capital’s Genesis Finance to Launch Digital Financial Service
SEOUL, SOUTH KOREA–Hyundai Capital, the financial arm of Hyundai Motor Group that supports the Hyundai, Kia and Genesis brands, is accelerating the establishment of a digitized online platform that will enable consumers to lease or finance a vehicle in a convenient, safe and secure manner. Genesis Finance, the captive finance …
FSRA Proposes Enhanced Mortgage Brokering Conduct Standards
TORONTO, ON–The Financial Services Regulatory Authority of Ontario (FSRA) wants to enhance conduct standards for mortgage brokering in Ontario. The FSRA is releasing a proposed Approach Guidance to help Ontario mortgage professionals comply with a proposed National Code of Conduct (Code). It is seeking industry and consumer comments on its …
VersaBank-Owned DRT Cyber to Acquire Digital Boundary Group
LONDON, ON–VersaBank’s wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc., has signed a definitive agreement to acquire all of the outstanding shares of privately-owned Digital Boundary Group (DBG). DBG provides corporate and government clients with a suite of IT security assurance services. These range from external network, web and mobile …
Canadians’ Spending, Payments Still Pandemic-Impacted: Payments Canada
OTTAWA, ON–The COVID-19 pandemic continues to cast its long, dark shadow over Canadians, and that has impacted their spending and payments habits, though there is the hope of vaccines on the horizon. Payments Canada has released new data on Canadian payment trends since the onset of COVID-19, showing that Canadians …
Predictiv AI, inField Solutions Partner to Sell Alert Fleet
TORONTO, ON–Predictiv AI Inc. and inField Solutions have partnered to expand the marketing and sales of Alert Fleet. Alert Fleet is a telematics platform that generates hyperlocal, advanced road weather data, which instantaneously provides real-time hazardous road condition alerts. InField Solutions has a well-established and robust client base in the …
Research Study Reveals Major Shift Online for Canadian Financial Industry
TORONTO, ON–The FinTech lending industry in Canada continued to evolve this year in a number of significant ways. While many of these changes were initiated by the pandemic, others continue along trends that have been developing over a number of years. According to Smarter Loans’ State of Fintech Lending in …
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 …
RateHub Moves Into Mortgage Lending
TORONTO, ON–Ratehub Inc. has launched its own Canada Mortgage and Housing Corporation (CMHC) approved lender under CanWise Financial. The move supports Ratehub’s vision of becoming the best digital mortgage company for Canadian consumers. As a lender, Ratehub will have the ability to work with more financial institutions, not just the …
Provenir Integrates With CredoLab, Kompli-Global, Ekata
PARSIPPANY, NJ—Provenir has new data integration partnerships with alternative scoring provider CredoLab and data vendors Kompli-Global, and Ekata. The partnerships empower financial services organizations to rapidly incorporate KYC, fraud, identity and credit risk data into decisioning processes using the prebuilt integrations within Provenir’s low-code user interface. “Our partnerships with CredoLab, …
Visa Expands FinTech Fast Track Program
SAN FRANCISCO, CA–The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly digital, FinTechs play a pivotal role in helping to restore and rebuild the global economy. To provide increased support for the ecosystem, Visa has added two new components to its …