Finance

Covers accounting software, taxes, payments technology, point of sales systems, banking technology, and transactional communications.

Finance Archives - Page 3

Canada’s payments modernization effort chugs towards ‘real time rail’ by end of 2019

Do you remember what making payments was like in the year 2000? At a restaurant, you'd either be counting out your pennies and calculating the tip percentage in your head. Or if you

Published on: September 18th, 2018 Brian Jackson
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Google services generated as much as $18 billion in Canadian economy last year: Deloitte

Canadian businesses created $10.4 billion in economic activity last year just through the use of Google Search and Google Ads, according to an Economic Impact Report commissioned by the search giant and conducted by

Published on: September 17th, 2018 Brian Jackson

‘Original financial disruptor’ ATB moves on from cloud migration to AI applications

Technology is changing the way in which companies work and provide services to customers, especially in the world of finance and banking but Alberta's ATB Financial thinks it has found a way to

Published on: September 10th, 2018 Meagan Simpson
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Hashtag Trending – Apple to host a special event; Will Lyft take over Uber in its IPO?; Google and Mastercard partner to track offline purchases

Apple will be hosting a special event this month to unveil some new products, Lyft is preparing to surpass Uber in its IPO, and Google and Mastercard join forces to track offline purchases.

Published on: September 3rd, 2018 Shruti Shekar

BDC app offers e-signature for loans, reducing in-person visits

Customers of the Business Development Bank of Canada (BDC) are now able to sign loans without having to visit the bank thanks to a mobile app feature that allows users to e-sign loans.

Published on: August 22nd, 2018 Meagan Simpson
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Hashtag Trending – Netflix testing out ads; Tesla hasn’t secured funding; is Twitter actually biased?

Will your next Netflix binge be interrupted by ads, has Tesla secured funding to go private, and a GOP leader makes a misstep on Twitter. It’s all the tech news that’s popular right

Published on: August 21st, 2018 Meagan Simpson

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
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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