Trio tussle to win Payments Canada’s tech revamp contract

Fully digital mortgage now a reality in Canada

CGI, SIA and VocaLink are fighting it out to win the contract for Payments Canada’s new core clearing and settlement system. Payments Canada has invited the three suppliers to participate in a competitive procurement process for the country’s new system, called Lynx. Jan Pilbauer, executive director of modernisation and CIO at Payments Canada, says this […]

PayPal’s offer to take over TIO Networks wins shareholder approval


PayPal’s bid to acquire Vancouver-based bill payment specialist TIO Networks has been approved by TIO shareholders, who overwhelmingly voted in favour of the proposed sale.

Humour the consumer with KPMG and ATB Financial innovation challenge

ready for innovation

ATB Financial has joined forces with KPMG in Canada and fintech matchmaking firm Matchi to run a “Customer Onboarding Innovation Challenge”. The challenge is free to enter and open to any firm that has developed and built a solution in one of the four categories: Know your customer (KYC) – ideally the solution will be […]

RBC’s video MyAdvisor makes banking clients wiser

rbc logo

Royal Bank of Canada (RBC) has launched a live video service to let its clients connect in real time with its advisors. Called MyAdvisor, it uses an online advice platform to digitally connect a client to an advisor, where both can view and adjust a dashboard showing the client’s savings and investment goals and establish […]

Payments Canada picks Accenture for revamp plan

Fully digital mortgage now a reality in Canada

Payments Canada, an organisation that operates the country’s payment clearing and settlement system, has selected consulting firm Accenture to help it lead “Modernization” – its initiative to improve Canada’s payments ecosystem. Jan Pilbauer, executive director of Modernization and CIO at Payments Canada, calls Accenture a “strong consulting partner”. In December, Payments Canada released its plans […]

IBM unveils blockchain-based digital identity network

IBM working with Standard Life and ING Direct Australia

IBM and SecureKey Technologies are working together to enable a new digital identity and attribute sharing network based on IBM Blockchain. When launched later this year, consumers can use the network to verify their identity for services such as new bank accounts, driver’s licences or utilities. IBM’s Blockchain service is built on top of the […]

Alterna Bank launches Canada’s first fully digital mortgage

National Bank of Canada will use Orc algorithms and direct market access

Ontario-based Alterna Bank says it has launched “Canada’s first and only end-to-end digital mortgage”.

DirectCash Bank to overhaul core banking tech with Smartsolution’s Universa


Canadian banking tech vendor Smartsolution has gained a new taker for its Universa core banking suite, DirectCash Bank (DCBank).

UK and Canada buddy up for fintech businesses

UK and Canadian puzzle from flags. Image with clipping path

The UK’s Financial Conduct Authority (FCA) and Canada’s Ontario Securities Commission (OSC) have signed a new co-operation agreement to help fintech firms. The deal will enable fintech businesses in both countries to seek support from the financial regulators in each other’s market. It will also help reduce regulatory uncertainty and time to market for firms. Christopher […]

Mogo’s new prepaid product taps into growing Canadian market

Backbase comes to Canada in style

Mogo, a Canada-based fintech firm, has launched what it describes as the country’s first prepaid digital spending account managed through a mobile app, reports Banking Technology‘s sister publication Paybefore. The debut of the Mogo Spending Account and the Mogo Platinum Prepaid Visa comes amid robust growth in prepaid transactions in Canada. The full-service GPR card […]