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

Why Canadian real estate developers are exploring crowdfunding

Fintech is a growing phenomenon in the real estate sector as industry players look for innovative ways to bring projects to market. A few months back I had the pleasure to converse with

Visa and PayPal become better pals in Canada

Visa and PayPal are expanding their partnership in Canada to allow customers more ways to move money between accounts, and could lead to PayPal providing payments at physical locations. PayPal users that hold

Visa Direct payments service expanded in Canada

Visa is making sure that the days of paper cheques are numbered in Canada by expanding its Visa Direct push payments platform north of the border. Visa says its real-time service to send

Hashtag Trending – Paypal going after traditional banks, Facebook’s continued problems, China’s dystopian ranking system

PayPal is moving closer to “mainstream banking”, Facebook suspends another data analytics firm for using tactics like Cambridge Analytica, and China is testing a social credit ranking system straight out of a Black

Toronto-based firm partners with Mastercard on self-service ‘insurance cloud’

BARCELONA - A Toronto-based fintech startup has its eyes set on the $30 billion of insurance payouts made in Canada every year, with a cloud-based self-service hub backed by a partnership with Mastercard.

SecureKey announces blockchain-based identification service Verified.Me

SecureKey Technologies Inc. wants to help financial services firms harness the blockchain to verify their users. On Wednesday, the Toronto-based authentication firm announced that fintech Sun Life Financial Inc. had become the latest

The top tech-related commercials from Super Bowl LII

Sage Payment Solutions rebrands as Paya

What’s in a name, anyway? Sage Payment Solutions Inc. provides integrated payment processing and business solutions in North America, and as of Jan. 30, will operate under the new corporate name of Paya,

TransferWise announces partnership with Montreal fintech Flinks

Six months after launching its Borderless account, international money transfer company TransferWise has found another way to improve its platform for Canadians by collaborating with a Montreal fintech startup. The partnership was a

$12 million investment will help Ratehub expand its insurance services, digitize mortgage process

For the past seven years, Ratehub Inc. has laid the foundation for its company without external help, but with a new $12 million financing deal, the company is poised to expand its online

Why Moneris CMO Jeff Guthrie believes AI won’t replace human salespeople

Jeff Guthrie knows technology is changing how sales are conducted - he just doesn't believe it can replace human salespeople entirely, or even more than a small fraction. As CMO of Canada's largest

TD Bank acquires enterprise AI firm Layer 6

TD Bank Group’s digital transformation strategy has led to the acquisition of Toronto-based artificial intelligence (AI) firm Layer 6. In a Tuesday statement Michael Rhodes, TD's head of innovation, technology, and shared services,

CIBC targets tech-savvy businesses with new Innovation Banking arm

The Canadian Imperial Bank of Commerce is targeting the technology industry - and its tech-savviest clients - with its latest division. On Monday the 150-year-old institution announced the launch of CIBC Innovation Banking,