The Real-time Rail is coming! What can Canada learn from other instant payment schemes?
Payments Canada has announced a revised plan for its instant payments scheme, the Real-Time Rail (RTR), with a target for industry testing in 2026 By Kellie Johnson, SVP, Payments America at RedCompass Labs Canada’s payments ecosystem can breathe a sigh of relief as Payments Canada has announced that the Real-Time …
The $190B Data Lockdown: Why ‘Sovereign Tech’ is the Next Massive Wealth Transfer
VANCOUVER, BC–The global internet is being carved into digital fortresses. New data sovereignty laws are fragmenting the massive AI and cloud markets as organizations are now forced to keep their most sensitive data within their own national borders. This isn’t just a trend; it’s a regulatory earthquake, with 2026 marking …
Canadians call for a new automotive strategy to build Canada strong: new KPMG Canada survey
Seventy-two per cent want their vehicle assembled in Canada, signalling support for domestic capacity and jobs TORONTO, ON–With as many as six in 10 Canadians in the market to buy a new vehicle within the next five years, three-quarters are worried the ongoing uncertainty in the automotive industry will result …
The AI Boom in Canadian Finance Hits a Wall: Trust and Red Tape
By David Rosenberg, Head of Machine Learning Strategy, Bloomberg’s Office of the CTO Artificial intelligence isn’t just a buzzword in Canada’s financial sector — it’s quickly becoming the norm. According to a recent KPMG report, a remarkable 82% of Canadian investment firms are already tapping into AI, outpacing many of …
Empire Life Launches Group Retirement Savings
Innovative digital platform designed specifically for small and medium-sized businesses KINGSTON, ON–The Empire Life Insurance Company (Empire Life) revealed the national launch of its Group Retirement Savings (GRS) platform. Deployed over the past year to selected customers, GRS is now available across Canada. All-digital platform and outstanding service deliver ease …
Maximizer Unveils IQ Boost, Canadian-Built AI to Help Financial Advisors Navigate $1 Trillion Wealth Transfer
Secure AI feature inside Maximizer CRM helps advisors work smarter, save time, and strengthen client relationships in a market where those who don’t adapt risk being left behind. VANCOUVER, BC–With Canada facing a historic $1-trillion intergenerational wealth transfer, financial advisors are under increasing pressure from regulation, fee compression, and client …
Treasury Technology Trends in 2024: How APIs, AI, RPA change the treasury landscape?
by Barbara Babati Treasury is developing at a rapid pace and like in other industries, the names of new emerging technologies are popping up here and there. It’s only natural though – for the last decade, we have been talking about digital transformation and treasury has truly embraced the idea …
How a cashless society will offer more opportunities to Canadian businesses, consumers
By Hamed Arbabi, CEO, VoPay When speaking about the future of a cashless society, we have to acknowledge the role the COVID-19 pandemic played as a catalyst for digitization acceleration. All over the world, we have altered the way we work, travel, shop, and how businesses pay for goods and …
Manulife Securities continues to advance technology platform
OAKVILLE, ON–Manulife Securities, a company of Manulife Investment Management, announced enhancements to its advisor experience with Envestnet’s Unified Managed Platform. “As a leading provider of holistic wealth advice in Canada, we feel both a responsibility and a privilege to offer the most robust technology possible to our advisors and clients,” …
ILIXIUM: Seamlessness With Security
by Michael Brooke ILIXIUM was founded in 2010 in the United Kingdom. It’s part of the Payen Group Company, an intelligent cross-border payment solutions business. Their core beliefs are Collaboration, Innovation and Process Simplification. ILIXIUM works hard to remove barriers, increase player acceptance and deposits, and help its customers grow …