How AI Can Detect and Prevent Fraud Across Channels
By Jeffrey Feinstein, PhD, vice president, global analytic strategy, LexisNexis Risk Solutions, and Alanna Shuh, director, fraud and identity, LexisNexis Risk Solutions Fraud is an escalating challenge in Canada, particularly for financial institutions. The 2023 LexisNexis Risk Solutions True Cost of Fraud study indicates that Canadian financial services fraud executives reported …
How AI Is Transforming the Economy: New Financing Models Are Rising to the Challenge
By Jim Moschos Artificial intelligence in its many evolving forms will be the most important area of technology in coming years, according to a global survey recently taken of chief technology officers and IT directors. The AI infrastructure market, which was valued at $23.5 billion in 2021, is expected to …
ISO20022: How Canada can Bank on Europe’s Success
By Sandrine Garin After several false starts, Canada finally appears to be on the path towards the widespread adoption of ISO 20022, the international standard for electronic data interchange in financial services. At the time of writing, Canadian businesses are in the midst of embracing this standard with its implementation …
Forging a New Relationship with Human Resources
By Megan Smith CFOs and chief human resources officers (CHROs) must work together more effectively. That’s the resounding message from our global CFO survey, reflecting the significant change to their relationship over recent years. HR leaders often reported to CFOs in the past. But as finance leaders shift focus towards risk management, it is prompting many firms …
Inside the True Cost of Fraud Study
How companies grow their business more safely by navigating the growing risk of fraud From the Study This research from LexisNexis Risk Solutions provides a snapshot of current fraud trends in the U.S. and Canadian financial services and lending markets, including key pain points related to adding new payment mechanisms, …
2024 Mid-Year Canadian M&A Update: Resilient Deal Strategies for Dynamic Markets
Authored by PwC In our 2024 Canadian M&A outlook, released in December 2023, we talked about the way forward in challenging Canadian market conditions. Six months later, conditions are similar. In the period from January 1 to May 31, 2024, there were 952 deals in Canada with a total value …
The CFO’s Critical New Role: Managing the Unexpected
By Christopher Juneau The most recent SAP Concur CFO Insights report tackles the emerging theme of CFOs taking increasing responsibility for managing uncertainty in their organizations. The CFO role continues to grow and evolve as their analytical skills and insights become even more valuable in a climate of economic turmoil. …
The Launch of Canada’s Real-Time Rail Calls for Banks to Act Now
By Kellie Johnson Instant payments are on the horizon for Canada, with industry testing for Canada’s Real-Time Rail set for 2026. Kellie Johnson, SVP of Payments in the Americas at RedCompass Labs, offers insights on how Canadian banks can prepare for the launch of the Real-Time Rail. The global race …
Navigating Capital Gains Tax Changes: A Collaborative Approach is the Answer
By David Udy As of June 25, the proposed changes to the capital gains inclusion rates take effect, assuming they are made law later this year. Individuals and some trusts will still pay income tax on half of their capital gains up to $250,000 but will now pay income tax …
Canadian executives see operational gains from generative AI, but integration lags: RSM Canada Survey
84 percent of Canadian middle market business leaders surveyed are already seeing positive returns from generative AI integration, though many lack the resources to maximize its potential TORONTO, ON–Seventy-four per cent of midsize Canadian organizations are already adopting generative AI into their business operations, according to a new survey from …