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 […]

Prepaid gains more love from Canadians

Backbase comes to Canada in style

Reloadable prepaid cards are a hit with Canadian consumers, with 95% of them saying they are satisfied with the products in 2016, reports Banking Technology‘s sister publication Paybefore. The figure represents an increase of 22 percentage points from 2015, and stands as the highest satisfaction rate for all payment tools, according to the second annual […]

Central 1 Credit Union to revamp digital banking platform with Backbase

Backbase comes to Canada in style

Central 1 Credit Union, a software and services provider to 300 financial institutions in Canada, will overhaul its MemberDirect digital banking platform with Backbase’s tech. This is the first known deal for the Dutch vendor in Canada.

St Stanislaus-St Casimir’s Polish Parishes Credit Union in core banking revamp with Smartsolution’s Universa


Canada-based St Stanislaus-St Casimir’s Polish Parishes Credit Union (Polcu) will move to a new core banking platform, Universa, supplied by local banking tech vendor Smartsolution.

Scotiabank to become “digital leader” in five markets

Scotiabank in digital transformation

Scotiabank has updated the market on how it has adopted the digital technology so far and how it plans to become a “digital leader” in its five key markets.