Blockchain-powered safety deposit boxes can store your cryptocurrency, says Versabank

People who collect cryptocurrencies typically do so to move away from traditional banking systems, but Versabank is welcoming them with open arms. “We’re a very unusual bank,” David Taylor, Versabank’s president and CEO

Published on: February 1st, 2018 Alex Coop

Banks and financial services eyeing the cloud, SAP and Ovum research says

The cloud isn’t just reserved for startups and other tech businesses – banks and financial services companies are looking to tap into it, too. That’s the conclusion of a survey released this week

Published on: September 12th, 2014 Candice So

Canadian banks set to unveil mobile payment guidelines

Pay-as-you-go is about to take on a whole new meaning for Canadian shoppers.Canadian banks and credit card companies are set to announce a new setof guidelines governing mobile payments that willeventually move consumers

Published on: May 14th, 2012 ITBusiness Staff

SpyEye Trojan can evade fraud-detection algorithms

Banks are facing more trouble from SpyEye, a piece of malicious software that steals money from people's online bank accounts, according to new research from security vendor Trusteer.SpyEye is a particularly nasty piece

Published on: July 27th, 2011 Jeremy Kirk

Mint launches in Canada, competes with Wave Accounting

Canadians suddenly have a couple of options if they want their personal financial data crunched into polished pie charts and neat bar graphs.Intuit Inc.'s Mint.com has now officially launched its Canadian site. The

Published on: December 2nd, 2010 Brian Jackson

Fraudsters steal cash using ATM ‘flash attacks’

Over the last few weeks, criminals have been exploiting weak fraud detection systems used for debit cards with "flash" attacks, where hundreds of withdrawals are made over a very short period of time.Banking

Published on: October 28th, 2010 Jeremy Kirk

HSBC awards provide Canadian businesses much need visibility

HSBC Bank Canada is hosting a series of awards to celebrate Canadian companies that have made “a real difference” in taking Canadian products and services to foreign markets, the bank announced Aug. 23.

Published on: September 3rd, 2010 Nestor Arellano

VoIP hacker admits to re-selling stolen services, faces 25 years in slammer

A Miami man this week admitted hacking into the networks of several VoIP providers between 2004 and 2006 and then reselling millions of stolen minutes.Edwin Pena, 27, of Miami, yesterday pleaded guilty in

Published on: February 8th, 2010 Sharon Gaudin and Robert MacMillan

Bank boosts customer service 60 per cent with open source tool

Not so long ago YES Bank managed customer relations via Excel sheets, a practice this Indian bank was starting to regret. Use of Excel sheets for CRM also didn't square with YES Bank's

Published on: August 10th, 2009 Snigdha Karjatkar

E-payment site breach compromises 5 million customers

CheckFree Corp. and some of the banks that use its electronic bill payment service are notifying more than 5 million customers that criminals took control of several of the company's Internet domains and

Published on: January 8th, 2009 Robert McMillan

Web 2.0 tool helps close mortgage deals faster

The final actions of closing a mortgage transaction require lawyers and lenders to swap documents back and forth, trading signatures on everything from exact interest rates down to whether the owner is responsible

Published on: September 4th, 2008 Brian Jackson

Using tech to find $1 trillion in dirty money worldwide

In many ways, the world has been a different place since the Sept. 11, 2001, terrorist attacks in New York – and financial regulators toughening up compliance standards to stop terrorists from accessing

Published on: June 12th, 2008 Brian Jackson

Veteran Canadian bank adopts agile IT approach to connect with customers

BMO Financial Group's roots go back to 1817, but the venerable financial institution isn't too old to learn some new tricks. Take for example its CustomerConnect project, winner of the Gold Award in

Published on: March 12th, 2008 CIO Canada Staff