Finance Archives - Page 2

BMO offers first-of-its-kind blockchain pilot to Ontario teachers

The Bank of Montreal (BMO) is hoping to demonstrate viable, real-world applications for blockchain, launching a first-of-its-kind pilot in Canada using the technology for a fixed income transaction. The transaction, by the bank's

Published on: August 20th, 2018 Meagan Simpson

Most financial institutions embracing digital transformation in theory, but not practice: OpenText

A new report released Tuesday by OpenText and ITBusiness.ca parent ITWC has found that when it comes to digital transformation, Canada's financial institutions are talking the talk, but not walking the walk. According

Published on: August 14th, 2018 Eric Emin Wood

How Interac has kept up with the digital transformation-driven times

In a sense, Interac has always been a digital brand - after all, it began as a non-profit collaboration between four of Canada's big five banks designed to facilitate technology-based payments, and unlike

Published on: August 8th, 2018 ITBusiness Staff

How Canadian insurance firm Economical is using IBM Cloud to deliver new technology

IBM cloud is being used by Waterloo, Ont.-based Economical Insurance to develop new ways to deliver the company's services to customers. The news that Economical would be transferring its data to IBM's hybrid

Published on: July 31st, 2018 Meagan Simpson

TD Bank creates AI-powered Spotify playlist to win contest

Layer 6, a Toronto-based AI firm owned by TD Bank Group,  has won the international Association for Computing Machinery (ACM) RecSys Challenge for the second year running. The artificial intelligence (AI) company, acquired

Published on: July 31st, 2018 Meagan Simpson

Toronto might be home to a lot more new tech workers – but are those new hires feeling underpaid?

Toronto might be ranked first in tech job growth, but that doesn’t necessarily mean employees are happy with their compensation. According to a new report from anonymous feedback app developer Blind, 61 per

Published on: July 25th, 2018 Meagan Simpson

Equifax wants the lawsuits connected to its 2017 data breach dismissed

Equifax Inc. wants the lawsuits connected to its 2017 data breach dismissed, arguing that the breach caused no injuries and that it has no obligation to secure its data, which spans millions of

Published on: July 25th, 2018 Eric Emin Wood

Canadians using Bitcoin for investment purposes, Bank of Canada says

More Canadians are now using Bitcoin, but it's mainly for investment purposes, according to a Bank of Canada study. The central banking agency released a report this month stating that Canadians are also

Published on: July 23rd, 2018 Meagan Simpson

U.A.E. expansion illustrates Interac’s increasing heft as a global brand

Given its genesis as a cooperative venture between Canada's big five banks, you could forgive Canadians for thinking of Interac Corp. as a homegrown secret rarely known outside its borders - but as

Published on: July 17th, 2018 Eric Emin Wood

Hashtag Trending – 12 Russians charged with hacking US election, Jeff Bezos is richer than you, Amazon Prime Day worker strikes

Twelve Russians have been charged with interfering in the 2016 US election, Jeff Bezos is the richest person in modern history, and Amazon Prime Day is affected by mass worker strikes in Europe.

Published on: July 17th, 2018 Mandy Kovacs

Only 14% of VCs in Canada are women, new report finds

That women are seriously under-represented in Canada's technology industry is hardly news, and a new report suggests one reason might be that they're seriously under-represented at the companies funding the tech industry too.

Published on: July 11th, 2018 Eric Emin Wood

RBC launches startup accelerator program

The Royal Bank of Canada (RBC) is following in the footsteps of IBM Corp. and Salesforce.com Inc. by launching a startup accelerator of its very own. Last week the bank announced RBC Reach,

Published on: July 9th, 2018 Eric Emin Wood

Canadian mobile digital identity service to launch this fall

A long-awaited Canadian mobile digital identity validation service supported by Canada’s biggest banks and telcos will launch this fall, with hopes it will be a big boost to the digital economy. Called Verified.Me,

Published on: June 21st, 2018 Howard Solomon

Interac opens innovation lab in Kitchener’s Communitech research hub

Interac Corp. is setting up shop in Kitchener-Waterloo. On Tuesday, the payments giant announced the launch of the Interac Lab, an "innovation outpost and accelerator" located at Kitchener, Ont.-based hub Communitech that will

Published on: June 19th, 2018 Eric Emin Wood

Q&A: Western Union’s B2B marketing lead on why legacy brands should embrace digital transformation

As the head of customer and marketing for Western Union’s B2B division, Nicole Zimmermann has seen the impact of digital transformation on many a legacy company first-hand – including her own. A veteran

Published on: June 18th, 2018 Eric Emin Wood