Canada’s ‘big 5’ banks launch blockchain-based digital identity service with SecureKey

A blockchain-based digital identity network designed by Toronto-based SecureKey Technologies Inc. and supported by the top banks in Canada announced its official launch on Wednesday. Dubbed Verified.Me, the service has been a long

Published on: May 1st, 2019 Brian Jackson

Half of Canadians won’t be using cash by 2020, so how do we prepare for a digital future?

Paying for goods and services has increasingly moved from cash and coins to digital and mobile methods, and while this shift will only continue, security is a big concern for consumers, according to

Published on: October 3rd, 2017 Mandy Kovacs

Canada’s biggest banks can learn a few lessons from CIBC’s mobile app

CIBC’s mobile efforts have been given an A by Forrester Research. When the Cambridge, Mass.-based market research firm recently evaluated the mobile apps released by the “Big Five” Canadian banks (CIBC, Bank of

Published on: June 5th, 2017 Eric Emin Wood

New accounting standards means big data problem for Canadian banks

New regulations meant to prevent the type of toxic loans seen in the aggregated mortgage products that triggered the 2008 recession will require Canadian banks to get a masterful grip on their data,

Published on: June 28th, 2016 Brian Jackson

Bank of Canada is considering digital money, official says

Even though the Bank of Canada is  concerned about the economic risks of a deregulated currency like Bitcoin, it's been looking into whether it could issue its own version of digital currency. According

Published on: November 14th, 2014 Candice So

How to use Apple Pay in Canada

Updated Oct. 24, 9:47 a.m.: Updated to add that iPhone 6 and iPhone 6 Plus users need to set their region to the U.S. to use Apple Pay in Canada. The update also

Published on: October 23rd, 2014 Candice So

Seal unveils ‘Google for derivatives’ tool for financial contracts

Seal Software Ltd., a company dedicated to helping businesses find contracts buried in their databases, is moving into the financial sector with a new tool. Based in the U.S., the company specializes in

Published on: September 17th, 2014 Candice So

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

Apple Pay coming to Canada may be dependent on banks deal

Apple Inc. unveiled its mobile payments platform on Tuesday along with its iPhone 6 and Apple Watch hardware that will support the transaction mechanism with NFC chips - but the service will be

Published on: September 10th, 2014 Brian Jackson

Vogogo raises $8.5M to help ‘cryptobusinesses’ accept Canadian dollars

For businesses that deal with Bitcoin, it can be hard enough to master cryptocurrency transactions – but it’s a whole new game when they start accepting Canadian dollars and begin working with banks.

Published on: August 6th, 2014 Candice So

Financeit receives $13 million in series A funding, offers SMBs financing tools

Financeit Canada Inc., a startup helping small businesses provide consumer financing, announced last week it had raised $13 million in a Series A funding round, backed by TTV Capital, Inter-Atlantic Group, and Second

Published on: November 27th, 2013 Candice So

Mobile wallets could hurt traditional banking business: report

U.S. financial institutions face a serious competitive threat from the rise of mobile wallet payments apps, according to a consumer study released Monday by Carlisle and Gallagher, a consulting firm that specializes in

Published on: June 5th, 2012 Cameron Scott

Kabbage gets startups fast money to grow

Kabbage is slang for money loans that don't need collateral. It may be $400 to pay for an unscheduled repair or $40,000 to launch a go-to-market campaign, but many small businesses find their

Published on: May 24th, 2012 ITBusiness Staff

New Trojan empties online customers’ bank accounts

The security vendor Trusteer is warning banks to look out for a sophisticated Trojan capable of emptying the account of an online customer.The criminal scheme perpetrated through the Tatanga Trojan has alreadyattacked the

Published on: May 22nd, 2012 Antone Gonsalves