November 2, 2016 -- A recent survey of Canadian financial executives has revealed that about 40% of respondents (the majority being CFOs) have made no investment in renewing technology to support the financial close process over the past two years. Approximately one-third of respondents do not plan to make this type of investment any time soon. This was especially true for respondents from companies with less than $25M in revenue (42% do not plan to make this type of technology investment in the next two years).
October 18, 2016 -- Basware, the global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, today announced that Basware Advance, its supplier-initiated early payment finance solution, has been recognized by Global Finance magazine for sparking innovation in trade finance and transaction services. Basware will be honored tonight as an innovator at Global Finance’s second annual Digital Bank Conference and Awards Dinner at RSA House in London.
October 6, 2016 -- Equifax Canada, a leading provider of anti-money laundering (AML) compliance solutions, today announced its new capabilities designed to assist Canadian financial institutions with the recently amended Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) regulations.
October 5, 2016 -- Today MineralTree, the Accounts Payable and Payment Automation solution provider for middle market companies, announced a strategic alliance with Visa to integrate the MineralTree platform with Visa Payables Solutions to drive the growth of Accounts Payable (AP) payments using commercial virtual cards.
October 4, 2016 -- Sage, a market leader in cloud accounting software and global champion of small & medium sized businesses, has announced today at Dreamforce two new solutions for Sage X3 and Sage Live on the Salesforce AppExchange, empowering businesses to connect with their customers, partners and employees in entirely new ways. The solutions will provide businesses with real-time, fully cloud-based accounting solutions.
September 20, 2016 -- By 2030, cash purchases will make up only 10 per cent of money spent in Canada, according to a prediction by Moneris Solutions Corporation ("Moneris"), Canada's leading credit and debit card processor. Compared to 35 per cent of overall transactions in 2014, the 70 per cent decline will coincide with an increase in the use of digital payment technologies, especially among younger Canadians. Consumer misconceptions about (1) the security of mobile wallets and (2) the ability of mobile wallets to digitally store physical wallet contents (including plastic loyalty cards and receipts), are among the factors slowing the transition.
September 16, 2016– Basware, the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services, has adopted the WeProcurement™ methodology to e-procurement, which fundamentally transforms company spending culture for its customers by changing employee behavior.
September 14, 2016 – Intacct, the leader in cloud-based ERP software, has named Leap the Pond, a leading provider of Intacct-based accounting solutions for growing organizations, as VAR Partner of the Year for its implementation excellence, high level of customer satisfaction and record growth.
September 13, 2016 – InComm, a leading prepaid product and transaction services company, today announced the launch of Raindrop TM, an enhanced version of an existing FTP solution that lets companies easily place orders for prepaid products by uploading a file. Through Raindrop, customers can now access all physical and digital prepaid products available through InComm Digital Solutions (IDS), including the recently launched prepaid Visa Virtual Account products.
September 6, 2016--Health Smart Financial Services, a technology-enabled specialty lender, announced it has completed a minority growth equity financing led by iA Financial Group.Health Smart's technology platform allows healthcare providers to offer their customers affordable monthly payments for services and products that require private out-of-pocket expense. Health Smart has a rapidly growing base of over 1500 merchant partners who benefit from the company's instant credit approval and paperless transaction capability.
August 24, 2016--Mogo Finance Technology Inc. announced today the launch of its new MogoAccount and iOS mobile app, setting a new standard for what consumers expect in a digital banking experience. With a three-minute account opening experience and instant access to three innovative products, including a free credit score1, the first free credit score in Canada that will be available with free monthly updates, Mogo has achieved a major milestone on its quest to build the best digital banking experience in Canada.
August 16, 2016 -- ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced an integration agreement with Ethoca, a leading provider of collaboration-based technology solutions for card issuers and online merchants. ACI will integrate Ethoca’s flagship service, Ethoca Alerts, into its UP eCommerce Payments solution, making it available to payment service providers (PSPs) worldwide, and by extension, to thousands of leading online merchants globally. The integration of Ethoca Alerts gives PSPs, acquirers, processors and their merchant customers a powerful way to bolster their fraud defenses with card issuer-confirmed fraud and customer dispute data, while ensuring continued revenue growth.
August 3, 2016 -- As the world's economic landscape continues to evolve, the importance of international markets to small to medium-sized businesses increases, and with that, so does the importance of currency planning. FIRMA Foreign Exchange Ltd. (Firma), a highly specialized currency and payments solutions provider to small businesses, can help small businesses plan ahead and stay ahead.
August 2, 2016 -- Creditors now have a new advantage when managing debt recovery with the release of Equifax Debt Services, a set of interconnected tools and services designed to make recovering money owed easier and more profitable. With this new solution, the debt recovery process from pre-collection through recoveries is fully managed by Equifax, and clients have a clear view of their customers at every step using the intuitive software dashboard.
August 2, 2016 --Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today the formation of a new channel-focused business advisory service –PaymentsEdge– that will assist partners in every channel, from financial institutions to independent software vendors. The new group is part of Vantiv’s Xcelerator Solutions, which are designed to optimize partner portfolio revenue growth and attract new customers.
July 18, 2016--Concur, the world's leading provider of integrated travel and expense management solutions, is scaling the company's global offerings and adding innovative features and partner integrations, worldwide. With 33,000 customers spanning more than 150 countries, Concur continues to remain the only company to deliver a fully connected travel and expense ecosystem, globally.
July 7, 2016 -- Decentral is excited to announce its newly expanded Fintech and Blockchain World Expo. In order to acknowledge rising interest in fintech and the growing relevance of blockchain technology, the event has doubled its space and broadened its scope to encourage dialogue between two distinct but related industries. With Title Sponsor, TMX Group, and Platinum Sponsor, Deloitte, the Expo will be the landmark event that focuses on advances in financial technology, and puts the spotlight on Canada as a global hub for innovation.
June 30, 2016--More than two out of five Canadian bank customers (43 percent) are open to using automated recommendations for banking services – computer-generated advice and services, independent of a human advisor – according to a new report on the banking industry by Accenture.
June 21, 2016 -- Financial Executives International Canada (FEI Canada), the country's leading association for senior financial executives, applauds the federal government's proposal to expand the Canada Pension Plan by raising premiums moderately over time.
June 9, 2016 -- System Innovators (SI), a division of N. Harris Computer Corporation, is pleased to announce that Canada's third largest city and the largest city within the Province of Alberta, the City of Calgary, has selected SI's iNovah ERM Solution. This centralized cashiering revenue software modernizes multiple existing legacy cashiering solutions to consolidate over 90,000 annual payment transactions from customers while eliminating the need to manage such transactions within the City's Corporate Cashiering Section, Transit, Building Inspections and Development Permits Unit.
June 7, 2016 -- e-djuster, North America's leading contents valuation Company, this month marks three years of successful operations in U.S. markets. As such, the company continues with the expansion of staff in key geographical areas to support the increase in the specialized segment of content claims inventory and processing.
June 2, 2016 --The Marketing Association for Credit Unions (MACU) voted to fold its organization into the Canadian Credit Union Association (CCUA) – the national industry leader for Canada’s credit unions. The vote took place during MACU’s Annual General Meeting, in Ottawa, Ontario on Tuesday, May 31, 2016.
May 20, 2016--The Competition Bureau has launched a market study into technology-led innovation in the Canadian financial services (FinTech) sector. FinTech companies are using technology to change the way that Canadians consume financial services, such as making payments or transfers, investing and borrowing funds.
May 10, 2016 -- Interac, Canada’s domestic debit network, today announced the launch of Apple Pay, available to consumers with Interac debit cards issued by CIBC and RBC, and coming soon to BMO Financial Group, Scotiabank and TD. Apple Pay enables easy, secure and private contactless transactions using supported Apple devices. Consumers will now be able to add their Interac debit cards to theirApple Wallet and shop at the hundreds of thousands of merchant locations where contactless payments are already accepted in Canada.“
May 10, 2016 – Moneris Solutions Corporation (“Moneris”), one of North America’s leading credit and debit card processors, welcomes the Canadian expansion of Apple Pay enablement for Interac, Visa and MasterCard cardholders, following the American Express acceptance that was enabled in late 2015. With Interac Debit and three major credit card brands on board, coupled with the popularity of Apple devices in Canada, more consumers will be able to use their favourite credit and debit cards with Apple Pay
May 10, 2016 -- Highlighting the critical need for cash and working capital to grow a business, Basware, the global leader in networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, has launched a campaign with Indiegogo, the largest global crowdfunding and fundraising site, to provide capital for the “Next Big Thing.” The company is soliciting the expert opinions of corporate finance professionals to vote for the start-up with the best business potential among five finalists. Basware will provide funding to the winning innovation.
May 10, 2016 -- Today, MasterCard announced it will bring its cardholders Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient. MasterCard credit cardholders banking with Royal Bank of Canada (RBC), Canadian Imperial Bank of Commerce (CIBC), Canadian Tire Bank and ATB Financial can pay with Apple Pay starting today, and cardholders who bank with BMO Financial Group (BMO) will be able to use Apple Pay in the coming weeks.
May 9, 2016 -- Accenture has secured the lead position in the 'Winner's Circle' of HfS Research's 2016 Finance and Accounting As-a-Service Business Process Outsourcing (BPO) Blueprint Report. The report recognizes Accenture as the overall leader in both execution and innovation, positioned above 17 other service providers.
May 3, 2016 -- Kinaxis, provider of RapidResponse, delivering cloud-based SCM and S&OP applications announced a new alliance with Deloitte Consulting LLP in the US to develop supply chain solutions designed to improve the end-to-end supply chain for large enterprises. Deloitte and Kinaxis can help companies improve their ability to create "what-if" scenarios to make informed decisions and respond more quickly to market changes in real-time. In addition, the collaboration aims to provide faster implementations, encourage broader user-adoption across the organization and help to profitably manage the complete value chain.
May 2, 2016 -- While 2015 marked a banner year for the fintech sector highlighted by newly minted Unicorns and increased involvement by financial services giants, Q4'15 saw investment to venture capital (VC)-backed fintech companies cool off, according to the Pulse of Fintech, the quarterly global report on fintech VC trends published jointly by KPMG International and CB Insights.
April 30, 2016 -- IOCS - the world´s first developer of multi-tenant, end-to-end e-commerce platform for the processing of complex agreements - has chosen Montréal to establish its first software development centre in North America. With the support of Montréal International, IOCS, which is growing at an annual rate of 100 percent, will pursue its ambitious expansion strategy using Québec's metropolis as a springboard. The company plans to create a team of over 115 highly skilled employees in Montréal within the next three years.
April 25, 2016 -- LendingArch, an emerging Canadian FinTech company officially launched its online lending platform Lendingarch.ca in Canada. Developed with proprietary underwriting and behavioral technology, LendingArch.ca provides customized, affordable loan options and financial advancement to Canadians.
April 20, 2016 -- DH Corporation (D+H), a leading provider of technology solutions to financial institutions globally, announced today the launch of its new Commercial Origination & Processing functionality for LaserPro lending solutions. The new enhancement reduces the preparation time needed for lenders to originate and process a commercial lending transaction, offering a seamless, integrated, repeatable, and transparent approach to commercial lending origination. LaserPro is the recognized industry leader for compliant loan origination, processing, and document preparation for mortgage, consumer, and commercial lending.
April 18, 2016 -- Basware, the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services, today announced new capabilities for Basware PDF e-Invoice, enabling both small and large enterprises to speed up and simplify e-invoice processing. By connecting to the Basware Network, the largest open commerce and financing network, automation is increased and supplier collaboration improved. With the new functionality businesses of all sizes can easily submit their invoices electronically, while requiring fewer resources to integrate with existing billing systems.
April 18, 2016 -- American Express Global Business Travel (GBT) today announced the Canadian launch of FIRST from American Express Global Business Travel, a premium travel management platform specifically designed for frequent business travellers. FIRST provides a personalized, 24/7 service from a dedicated team of travel experts. The newsolution offers end-to-end proactive travel management, including immediate caller recognition, personalized business trip planning with comprehensive supplier benefits, continuous monitoring and anticipation of their needs, and proactive care while travelling.
April 5, 2016 - -Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that it has acquired Verian, a leading cloud-based solution provider in the fast-growing purchase-to-pay market. The acquisition further strengthens Basware’s market position in the US and supports Basware’s strategy to grow its cloud-based business revenues in key markets. Verian brings additional cloud-based customers and added e-procurement capabilities to Basware’s portfolio. The acquisition will also enable Verian customers to leverage the power of the Basware Commerce Network and its market-leading financing services offering.
March 22, 2016--Manulife Financial Corporation appointed Cindy Forbes as Chief Analytics Officer, effective April 1, 2016. In this newly created role, Forbes will be responsible for expanding Manulife's analytical capabilities from both internal and external sources, and monitoring and introducing advanced analytic solutions to the business. She will report directly to Paul Rooney, Senior Executive Vice President and Chief Operating Officer.
March 21, 2016--Environics Analytics (EA) has acquired the Boire Filler Group, a Toronto-based marketing company that specializes in predictive analytics, data management, business intelligence and customer-centric services. Under terms of the agreement, Boire Filler’s offerings will be integrated into EA’s products and services suite, providing clients of both companies an expanded range of data and analytics services, including data cleansing, integration, modelling and management.
March 17, 2016--Fraud is a major threat to the Canadian small business community, hitting victimized small businesses an average of $6,200 in financial costs in the past year, according to a groundbreaking new Canadian Federation of Independent Business (CFIB) report.
March 16, 2016--DH Corporation, a leading provider of technology solutions to financial institutions globally, has finalized integrations with its consumer lending platform, DecisionPro, and Motivity Solutions – now offering financial institutions a lending-centric business intelligence and reporting solution. Motivity Solutions customized its industry-leading mortgage business intelligence platform, Movation, specifically for financial institutions using DecisionPro.
March 16, 2016--Sage, a market leader for integrated accounting, payroll and payment systems, supporting the ambition of the world's entrepreneurs, today announced a partnership with the Institute of Professional Bookkeepers of Canada (IPBC). This strategic partnership will empower bookkeepers across Canada with access to the technology, education and resources they need to help them become trusted business advisors for their clients.
March 8, 2016--MNP LLP, one of Canada's largest national accounting and business consulting firms, has added NCI, a cybersecurity services and solutions firm which will join MNP effective April 1, 2016. "Cybersecurity is more than a technology issue, it's a critical business risk and one of the leading and growing business threats in the world," said Jason Tuffs, CEO, MNP.
March 7, 2016--More than half of Canadians (53 percent) say they have been a victim of financial fraud according to an Equifax Canada survey. Additionally, new data suggests that millennials (Generation Y) are increasingly the ideal target for fraudsters and organized crime syndicates.
February 24, 2016 -- DMTI Spatial and Financial Operations magazine are joining forces to present a not-to-be-missed webinar on Wednesday, March 30th at 10:30 a.m. EST focused on the business impact of digital disruption, including the challenge of serving digitally empowered customers and threats from fintech start-ups.
February 24, 2016--With the massive shifts in the marketing industry over the past few decades, CFOs and CEOs are now asking more of their marketing teams. Chief Marketing Officers (CMO) need to adjust their ways of thinking in order to produce the measured and quantifiable results that the executives now expect. Embracing data is the one of the most effective ways that a CMO can do this and with a variety of measurement tools and applications available to them; they can evaluate exactly how much their marketing efforts have contributed to revenue and the bottom line.
February 22, 2016--CIBC Mellon today announced that it has been selected to deliver asset servicing for Front Street Capital's lineup of 25 funds. CIBC Mellon will provide custody, fund accounting, recordkeeping, securities lending administration and investment information delivery for Front Street's diverse range of investment funds, including growth, income and tax-minded funds.
February 22, 2016--As construction progressed on Phase II of the BMO Field renovation project with the raising of the south canopy on Sunday, BMO and MLSE announced a ten-year renewal of the bank's naming rights sponsorship of the stadium today.
February 3, 2016 --According to the latest Paying Taxes report, released by PwC and the World Bank Group, Canada continues to lead when it comes to the ease of paying taxes compared to its global counterparts. The report measures the overall ease of paying taxes for small to medium-sized domestic businesses based on the number of tax payments per year, the time required to compile returns and submit tax payments, as well as companies' total tax liability as a percentage of pre-tax profits.
February 1, 2016 -- According to EY's FinTech Adoption Index, Canada has had surprisingly low adoption rates for FinTech offerings—financial services products developed by non-bank, non-insurance, online companies. But while consumers here may be behind, the finding is a timely message for Canadian banks, as adoption could triple within the next 12 months.
February 1, 2016 -- Despite the recent drop in the world's unbanked population as a result of greater access to financial institutions and a growing number of mobile money service providers, an estimated two billion adults remain without access to a bank account. As a result, the World Bank has set an ambitious goal of achieving universal financial access by 2020.
January 27, 2016--Credential Financial today announced plans to enhance its MFDA offering by introducing a fee-based solution to its MFDA-licensed credit union advisors and their clients. Through the OnPoint Fee-Based Account solution, Credential Asset Management investors benefit from expert advice and gain access to a select group of premier mutual funds to help them meet their long-term financial goals - all delivered with one predictable, transparent fee for advice.
January 25, 2016--–APEX Analytix, the worldwide leader in P2P audit services, AP audit software, fraud detection, and supplier portals, has appointed marketing and business development expert Joseph C. Burke to further extend the company’s market leadership position. Burke joins APEX as senior vice president of global marketing and business development.
January 25, 2016 --Dun & Bradstreet released D&B Credit, a cloud-based platform designed to provide more efficient credit and risk analytics to CFOs and finance departments in any industry. The platform will help finance professionals manage and monitor trade credit risk and leverages Dun & Bradstreet's global database of more than 250 million business records updated five million times a day.
January 21, 2016 -- DH Corporation, a leading provider of technology solutions to financial institutions globally, has announced that it has experienced strong global demand for its financial messaging solution, Global Messaging Plus. In 2015, the company added 24 new clients to its messaging platform, a 25% increase in new client wins from 2014.
January 21, 2016 --Despite the wash of media attention, the fintech industry is a long way off from threatening the market share of the major financial players. Fintech products and services still do not offer the same level of security and convenience of established banks. However, the pace of innovation is recognizably fast, with 44 percent of the U.S. affluent middle class consumers now using a mobile banking application.
January 21, 2016 --Moneris Solutions Corporation, one of North America's largest processors of debit and credit card payments, will be providing electronic payment processing solutions to the business-to-business (B2B) marketplace in Canada, currently valued at $2.8T.1 B2B payments refer to any payment conducted between two companies, rather than between a company and individual consumer. Moneris' B2B payment solutions will enable businesses to accept electronic payments from commercial customers and help move them away from less efficient invoicing and paper-based systems.
November 24, 2015--Basware, the leading provider of e-invoicing and purchase-to-pay solutions, today announced that Software Magazine has ranked it among the world’s largest software and service providers in the publication’s 33 rd annual Software 500 listing. According to the research, Basware is ranked 282 out of 500 companies based on its software and services revenue.
November 18, 2015--Basware, a provider of e-invoicing and purchase-to-pay solutions, today announced that it has been recognized with a Green Supply Chain Award for the sixth consecutive year from Supply & Demand Chain Executive magazine. Basware received the award for helping companies significantly reduce volumes of paper invoices—and lessen their environmental impact—through e-invoicing and transactions over the Basware Commerce Network, the largest open B2B commerce network.
November 17, 2015-- First Data, a commerce-enabling technology and solutions provider, and NCR Corporation, a consumer transaction technologies company, have entered into a strategic commercial agreement. First Data will be a preferred provider of cybersecurity and payment processing solutions to NCR’s customers in the grocery, petroleum, and convenience store industries.
November 11, 2015--Digitech Systems has announced that MSI Mold Builders has implemented the PaperVision Forms Magic technology (FM technology) to fully automate their Accounts Payable (AP) processes. The product’s unique artificial intelligence engine has reduced invoice processing times by more than 75 per cent and is saving the organization hundreds of thousands of dollars annually.
November 6, 2015--The Innovation Policy Lab at the University of Toronto’s Munk School of Global Affairs has released a report on the region’s financial services technology (“Fintech”) sector and its impact on the region’s future economic success. The report, which was commissioned by the Toronto Financial Services Alliance (TFSA), states that although there is great potential in the region, there is no true Fintech ecosystem and various factors are inhibiting its development – this comes at a cost to the region’s overall economic growth.
November 3, 2015--Basware, a provider of e-invoicing and purchase-to-pay solutions, has launched Basware Advance, an online solution for small and medium enterprises (SMEs) for better control and management of their cash flow.
October 27, 2015--VoiceVault announces the release of VoiceVault Identity Manager (vIM) - a voice biometric identity management solution for credentials and password reset requests. By utilizing a simple code and only five seconds of speech for authentication, gone are the days of waiting on hold to speak with a help desk representative to verify your identity.
October 27, 2015 –The Clearing House (TCH) has announced that it is teaming with FIS to deliver a ubiquitous real-time payment system for the United States. By incorporating FIS’ proven real-time payments technology and expertise, TCH’s real-time payment system will expand its reach and vastly accelerate the speed of delivering the system to the U.S. market including FIS’s network of over 3000 financial institutions.
October 26, 2015--Saxo Payments, a global transactions services provider, has unveiled its new brand – Banking Circle – for its international payments community. A marketplace that disrupts the status quo of traditional international B2B banking, Banking Circle delivers significant advantages for FinTechs and their merchants, providing transaction fees lower than any traditional bank; highly competitive FX rates and transfers in minutes or seconds rather than days.
October 22, 2015--Basware, a provider of e-invoicing and purchase-to-pay solutions, has reached 100 million annualized e-invoice and purchase order transactions sent and received across the Basware Commerce Network. This milestone highlights Basware's commitment to helping businesses unlock the value in their financial operations.
October 22, 2015--Cambridge Global Payments has launched Cambridge Link, an intuitive trading and payments platform. Designed with an intuitive user interface, Cambridge Link simplifies the complex rules of booking foreign exchange deals and initiating international payments, making global payment processes more efficient and cost-effective.
October 5, 2015--Kount, a leading supplier of fraud protection and sales boosting technology, today revealed three current tends converging to create the perfect storm of fraud, along with tips that both vendors and consumers can use to protect themselves.
September 23, 2015--Large and medium-size banks will be able to offer rich corporate banking services cost-effectively through their web-based portals, using Reval INSIDE from Reval, a global provider of a scalable cloud platform for corporate treasury and risk management (TRM). Reval INSIDE is the third package launched this year, leveraging functionality from the Reval Cloud Platform.
September 22, 2015-- Kount, a provider of fraud detection and sales boosting technology has announced that it has integrated Emailage, an innovative new fraud prevention solution that gives merchants the ability to assess and leverage risk based on a user’s email address.
September 1, 2015--iovation, a digital reputation company, and Kaspersky Lab, a privately held vendor of cybersecurity solutions, have announced a partnership to provide both businesses and consumers with a comprehensive solution to help combat fraud.
August 4, 2015--Morrison & Foerster is pleased to announce that Sean Ruff is rejoining the firm as of counsel and co-head of the FinTech Practice Group. Ruff’s practice focuses on advising clients in the rapidly growing FinTech sector, including emerging and established FinTech organizations encompassing both non-bank and traditional banking institutions, with respect to complex regulatory and transactional matters.
July 22, 2015--Tata Consultancy Services, a global IT services, consulting, and business solutions organization, has launched a major new global study looking at the impact of IoT technologies across a wide range of industry sectors around the world.
July 7, 2015--Basware, a provider of e-invoicing and purchase-to-pay solutions , has announced key findings from a study by Ardent Partners, ‘ePayables 2015: Higher Ground ’. The firm, which polled financial executives across the globe, uncovered that Accounts Payable (AP) executives are focusing on improving operations and analysis, technology, and collaboration to achieve the next level of operational excellence.
July 7, 2015--Organizations are on high alert for signs of money laundering. Alerts raised in the field or by detection systems need to be investigated in a timely manner to satisfy customer service levels or notify authorities. Action needs to be taken quickly, decisively and by agents with the correct skills and authority.
July 6, 2015--The Financial Services Institute (FSI) has officially endorsed Kovack Securities’ Co-Founder & President Brian Kovack for the FINRA Mid-Size Board seat. The election for this position will take place at the annual meeting of FINRA firms at the end of July.
June 24, 2015--In comparison with paper-based processes, electronic invoice handling processes make it possible to reduce costs by 50 to 80 per cent. Investments in electronic invoice processing can therefore often be gained back within six months.
June 18, 2015--Cambridge Global Payments, a provider of global payments and risk management solutions, is pleased to announce a new strategic alliance with IQ BackOffice, a leading global accounting and human resources outsourcer.
June 12, 2015--Due to the tremendous publicity and new information regarding the impact of a cyber-attack, organizations have placed greater emphasis on developing risk management strategies to proactively address these exposures. RIMS, the risk management society, conducted its first ‘Cyber Survey 2015’ to explore strategies implemented by risk professionals including insurance investments, exposures, cyber security ownership, government involvement, as well as identification methods and response procedures.
June 8, 2015--Volante Technologies, a provider of financial message and data integration, validation, and processing software, has partnered with Access to Arabia (A2A). The initial focus of the partnership is to aid banks in Jordan, many of whom are existing A2A clients, migrate to ISO 20022-based payment messages.
June 4, 2015--The recent bribery scandal involving soccer’s international governing body, FIFA, has revealed involvement of U.S. banks in moving alleged bribes through the financial system, raising questions about whether the banks were properly implementing and applying anti-money laundering rules, including customer due diligence on shell companies, and verifying the source of funds coming into the accounts.
June 2, 2015--Basware, a provider of e-invoicing and purchase-to-pay solutions , says that a customer implementation of its ‘Invoice Automation’ solution, which saved an interactive entertainment software company more than $1 million, was selected for the ‘ 2015 Supply & Demand Chain Executive 100’. This annual award from leading supply chain publication Supply & Demand Executive spotlights the leading supply chain projects that demonstrate supply chain excellence.
May 7, 2015--The Financial Services Institute (FSI) today announced the election of John Rooney, Managing Principal of Commonwealth Financial Network, as the newest member of its Board of Directors. Rooney will serve a minimum of three years.
May 1, 2015--OpenText has released OpenText Business Center for SAP Solutions. Providing customers with a new platform for digitizing the capture, approval and processing of high-value documents in a workflow, the system features pre-configured solution accelerators for many manually supported business processes running in SAP software.
May 1, 2015--From transportation to communication to currency, technology is transforming nearly every field. Accounting is no exception, and research shows keeping up with technological advancements is the greatest source of pressure for the profession today.
April 28, 2015--Banks continue to juggle growing demands to aggregate and analyze risks, stress test overall balance sheets, and assess the capital adequacy and variety of performance and regulatory measures. Since performance depends on many complex models, banks must develop and demonstrate a robust risk model governance strategy to regulators. Failure to actively manage business and regulatory models can expose banks to uncertainty and possibly lead to higher capital requirements.
April 28, 2015--MineralTree, the accounts payable (AP) and payment automation solution for growing companies, has announced a partnership program to help Finance and Accounting Outsourcers (FAOs) bring greater value, efficiency and security to their customers. Through this program, MineralTree’s FAO partners can streamline accounts payable processes for their clients – from invoice to payments – while providing them with unparalleled visibility, greater control of cash flow, guaranteed security and significant cost savings.
April 24, 2015--Small businesses are the heart of enterprise around the world. In line with its efforts to help clients grow their businesses, First Data, a provider of payment technology and services solutions, has announced an extended agreement with Sam’s Club, a leading membership club for the small business community, to improve member access to First Data solutions and technologies.
April 24, 2015--Royal Bank of Canada has made the first cross-border CNY payment on Canada’s new RMB Trading Hub through the hub’s designated clearing bank, Industrial & Commercial Bank of China (Canada).
April 23, 2015--Reval’s version 15.0, released today, is the first iteration of the Reval Cloud Platform, introducing the Treasury and Risk Management (TRM) provider’s strategic shift from product to platform. With its rich functionality, the Reval Cloud Platform is the foundation upon which new packages will be configured to meet the specific needs of various market segments.
March 30, 2015--KPMG has expanded its strategic relationship with Microsoft to include a global collaboration to jointly deliver new suites of innovative solutions and services in data and analytics (D&A), cloud compliance and transformation, and business solutions.
March 24, 2015--Whitebox Security, a solution provider in the field of data access governance, has enhanced its solutions by adding in the ability to administer permissions, allowing IT to manage access to critical systems on an individual or bulk basis for enhanced compliance.
March 17, 2015--Following years of global experience working within the travel sector, data forensics, and information security experts, Foregenix has launched a specialist airline security team to assist airlines, airports, and service providers and aviation businesses to ensure their data is secure, including customer and payment details.
March 10, 2015--One of the most common compliance issues identified by the Canada Revenue Agency (CRA) and Revenu Québec (RQ) in organizational audits is improper assessment of taxable benefits and allowances, or excluding taxable benefits from employment income. In fact, on the most recent list of top ten CRA audit adjustments, 7 out of 10 of the most commonly requested adjustments to an employer's payroll are related to taxable benefits not being correctly reported (see the Canadian Payroll Association's Payroll Tips at payroll.ca).
March 10, 2015--Continuing to expand its cloud-computing footprint in North America, IBM has opened the SoftLayer cloud center in Drummondville,QC. This is IBM's second cloud center in the country, which follows the recent opening of the Toronto, ON facility in August 2014.
March 9, 2015--Cyber-attacks, data breaches, and losses of consumer information are dominating the headlines, making ‘Fraud Prevention Month’ more relevant than ever before. These attacks and related cyber security-based threats pose a mounting risk for Canadian businesses of all sizes. It's no longer a question of if an attack will occur, but when. In fact, 60 per cent of KPMG C-Suite survey respondents reported recently increasing their budget to secure data against the threat of cyber-attacks.
March 3, 2015--Internal audit professionals are making strides in meeting cybersecurity and data privacy standards, says ‘ From Cybersecurity to Collaboration: Assessing the Top Priorities for Internal Audit Functions’, a report by Protiviti. Much work remains, with many of the surveyed organizations rating themselves as less than "very effective" at addressing their cybersecurity risks. However, the results are significantly better for organizations in which the board of directors has a high level of engagement with information security risks, and those that include cybersecurity in the annual audit plan.
February 23, 2015--Risk committees have proven to be an effective tool for risk professionals to bridge the operational gap, understand more deeply the risks taken and educate key stakeholders throughout the organization about the entities’ risk strategy, tolerance and appetite – according to a RIMS executive report titled, ‘Exploring the Risk Committee Advantage’.
February 17, 2015--Basware has launched Basware Discount, a solution within its Financing Services portfolio that allows buyers and vendors to optimize invoice payment terms for better working capital management. As a service on the Basware Commerce Network, more than one million businesses will be able to benefit from early payment terms, managed online in real time. The service is dynamic in that it offers payment terms on a sliding scale: the earlier the buyer makes a payment, the bigger the discount.
February 11, 2015 –MineralTree, the accounts payable (AP) and payment automation solution provider for growing companies, has announced an $11.1 million Series B investment led by First Data, the global leader in payment technology and services solutions.
February 5, 2015--Dentons has advised First Data Corporation, a global leader in payment technology and service solutions, in successfully obtaining approval for its Binding Corporate Rules for Data Processors regarding data privacy from European Data Protection regulators. This achievement is the first of its kind in the UK, with First Data becoming the first payments technology company to obtain such authorization under the leadership of the UK's Information Commissioner's Office, which led the application.
February 3, 2015--According to a study released today by Canadian IT solutions integrator, Scalar Decisions, only 41 per cent of Canadian organizations believe they are winning the cyber security war. The research was conducted with over 600 IT and IT security practitioners in Canada, and found that the primary challenge respondents cited was a lack of in-house expertise. Almost half (49 per cent) of respondents believed that they do not have a sufficient number of in-house personnel who have such critical qualifications as job experience, professional certifications, and specialized training.
January 29, 2015--Growing customer demand for cloud analytics and data visualization in 2014 were among the top drivers for SAS' 39 th consecutive year of revenue growth. SAS posted US$3.09 billion, up 5.1 percent in constant currency (2.3 percent US dollars) over 2013.
January 29, 2015--2014 was the biggest year in FinTech by far, with billions invested in innovative startups that challenged the status quo in the financial sector. But how will 2015 see FinTech players crack the mainstream?
January 29, 2015--"As the global economy continues to heal, Canadian Finance, Accounting and IT employers need robust recruiting and retention strategies to succeed in outperforming the competition in 2015 and beyond," says Peter Jeewan, President and CEO of Lannick Group, one of Canada's largest regional finance, accounting and IT recruitment specialists.
January 22, 2015--CENX, a provider of service orchestration solutions for software-defined networks, today announced that it has released a new version of Cortx Service Orchestrator software, delivering unparalleled scale and usability for the world's largest data network operations. The solution harnesses network big data to provide an accurate, real-time view of service providers' networks so that service fulfillment and assurance actions can be taken quickly and reliably.
London, UK--CloudMask, an innovator in masking data from hackers, today launches a free tool to enable consumers and small and medium size enterprises (SMEs) to have control of their data security. CloudMask believes that every individual and organisation has the right to determine what data they would like to protect and what data they would like to share.
January 13, 2015--International POS printer manufacturer Star Micronics announces the launch of its free of charge digital receipting service, offering the retailer a low cost and fast route to providing the customer with a digital copy of the printed receipt as well as access to analytics, an in-store customer survey and device management tools.
January 13, 2015--Comdata is collaborating with Behalf and MasterCard to offer a more flexible and convenient way for small- and mid-sized businesses (SMBs) to pay their vendors. The initiative helps improve cash flow for SMBs by providing payment terms to SMB’s for their payments to merchants that currently accept MasterCard and are approved for participation by Behalf.
December 23, 2014--International Data Corporation (IDC) announced the launch of the Worldwide Quarterly Cloud IT Infrastructure Tracker. New data for the third quarter of 2014 (3Q14) shows that almost a third of combined worldwide server, disk storage, and ethernet switch infrastructure spending in the quarter came from cloud deployments. Total cloud infrastructure revenue for the quarter grew 16 per cent year over year to $6.5 billion. Public cloud infrastructure accounted for nearly half of total cloud infrastructure revenue and is growing faster at 18 per cent compared to one year ago.
December 5, 2014--As cloud, big data, and the Internet of Things drive the modernization of the data centre, Cisco and IBM have announced the availability of an integrated solution that combines the innovation of Cisco UCS Integrated Infrastructure with the efficiency of the IBM Storwize storage system.
December 2, 2014--Aria Systems, an innovator in recurring revenue, has launched a comprehensive primer for organizations looking to launch, convert to, or expand a business with recurring revenue. Written by Bob Harden, a veteran billing expert, the 'No BS Guide to Recurring Revenue Success' incorporates lessons learned from years of actual recurring revenue implementations, programs, and initiatives launched at enterprise companies. Aria Systems’ investment in this book fills a previously unmet demand for a comprehensive and straightforward primer that goes beyond basic subscription billing marketing-speak.
December 1, 2014--Dovetail, a provider of market ready payment and liquidity management solutions will open a Canadian office in Toronto as Canadian banks focus on improving the customer experience and revenue potential of their payments lines of business.
November 25, 2014--Modern technologies such as cloud, social, mobile, and big data are changing the competitive dynamics of the global economy. Organizations that know how to create digitally enabled business models leveraging modern technologies are thriving; leaders who continue to invest in traditional business models powered by legacy systems are putting their companies, employees, and shareholders at serious risk. To help CFOs master digital transformation, Oracle partnered with Financial Executives International (FEI) to identify the modern best practices that will help CFOs and their finance functions flourish in the Digital Age.
November 19, 2014--Optimal Payments, a global online payments provider, has processed a record amount of donations made to the Amyotrophic Lateral Sclerosis Society of Canada(ALS Canada) and is donating amount $10,000 as part of the summer's viral #IceBucketChallenge.
November 19, 2014--Cossette has partnered with TELUS for cloud computing hosting services. Cossette is moving its technological infrastructure to TELUS's Intelligent Internet Data Centre in Rimouski, QC, one of the most advanced and ecologically friendly data centres in North America, built with a $75 million investment. With this agreement, Cossette will benefit from a highly secure environment that offers some of the best connectivity and reliability in the industry.
November 19, 2014--Seal Software, the leading provider of Contract Discovery and Contract Analytics solutions, today announced that Telogis, developer of cloud-based software products and services designed for companies with mobile workers, vehicles and other mobile assets, has selected Seal Contract Discovery and Analytics to locate and consolidate its contracts from across the enterprise to increase visibility and control of contractual relationships with partners and customers.
November 14, 2014--Message Systems, a provider of email infrastructure software, has introduced SparkPost, a high-performance public cloud email service that allows developers to easily add email into their web and mobile applications. For the first time, SparkPost gives email senders of all sizes access to the same premium-level email capabilities trusted by the world's leading brands to drive their customer engagement and revenue growth.
November 11, 2014--Reval, a global Software-as-a-Service (SaaS) provider of a scalable and integrated Treasury and Risk Management (TRM) solution, has partnered with Fiserv, Inc., a global provider of financial services technology solutions. The partnership will bring cost savings and control to Reval’s corporate treasury clients in need of best-in-class bank fee analysis.
November 11, 2014--BMO Bank of Montreal will enhance its network of 2,200 full-service ATMs, providing customers with intelligent-deposit touch screens, enabling multi-deposit transactions, and allowing scanned cheques and cash (bank notes) to be viewed on screen and printed on transaction receipts.
November 11, 2014--Avalara, Inc. and GlobalCollect have partnered to provide industry-leading payment and indirect tax compliance services to ecommerce companies looking to trade cross-border. GlobalCollect, an Ingenico Group company, processes international ecommerce payments for the world’s most recognised ecommerce brands, while Avalara delivers compliance solutions related to sales tax, VAT, and other transactional taxes.
November 7, 2014--Targeted attacks will become rampant from more countries as hackers successfully target victims around the world, says 'Trend Micro Security Predictions for 2015 and Beyond: The Invisible Becomes Visible' a annual predictions report by Trend Micro Incorporated.
November 3, 2014--MasterCard has revealed the MasterCard Business Owner Toolbox, a new online hub for business owners and their employees. The site provides tools, insights and offers specifically created to give small business owners more of what they desperately need: time.
November 3, 2014--Despite a series of recent, high-profile data breaches and consumer concerns over data collection, shoppers are still open to sharing their personal information, reveals a new survey released today by Aimia Inc.
November 3, 2014--With an entrepreneurial mindset and a focus on strategic market needs, the research and development (R&D) incubation team at Diebold, Incorporated is blending branch transformation and omni-channel experience with the unveiling of a new responsive banking concept. The conceptual design bridges consumer banking priorities – convenience, security and self-service – with technology-based solutions that satisfy financial institutions' (FIs) need to provide anytime, anywhere services while also minimizing its overall footprint.
October 29, 2014 --For banks exploring the mystery that is corporate remote deposit capture, moving from a testing phase to a full fledge offering solution is complicated and a bit scary! There is a lot to consider while weighing the pros and cons of moving forward.
October 28, 2014--POPcodes, a Calgary-based company led by veteran North American retail executives, bridges the gap between e-commerce and physical shopping by giving consumers a code when checking out online they can then use to redeem purchases or promotions at the cash register.
October 22, 2014--The personal cloud is the most persistent security challenge facing enterprises today. Employees use their own cloud apps to store and share work documents, fundamentally compromising enterprise security. MobileIron has introduced a solution for s ecuring business documents in the personal cloud called Docs@Work secure content hub.
October 21, 2014--Kepware Technologies , a software development company focused on communications for automation, has released KEPServerEX version 5.16. The release features the Industrial Data Forwarder (IDF) for Splunk Plug-In, Local Historian Plug-In, and IEC 60870-5 Suite that expand Kepware's offerings for the power, manufacturing, and oil & gas industries.
October 21, 2014--CloudMask, a cloud data security provider, is calling on government and regulators to be more explicit in their policy and legislation with respect to data privacy. Current Data Sovereignty policy is ambiguous, specifically, in its definition of private data.
October 21, 2014--Avalara, Inc., a provider of cloud-based software for compliance solutions related to sales tax and other transactional taxes, has partnered with GoDaddy, a technology provider dedicated to small businesses. Together they will bring simple, affordable sales tax management solutions to small businesses selling online.
October 14, 2014–Adaptive Insights, a provider of cloud business analytics, has introduced Adaptive Revenue, which according to the company is the only integrated CPM and BI solution that empowers customers to analyze, plan, and manage revenue.
October 10, 2014–A paper from the American Academy of Actuaries, ‘Actuaries and Own Risk and Solvency Assessment (ORSA),’ explores some of the insights that ORSA reports, a relatively new form of internal risk self-assessment required of insurers, can provide into insurance companies’ and groups’ financial stresses and their ability to withstand them.
October 1, 2014 –Intermap Technologies, a provider of location-based solutions, has released InsitePro v2.2, a Software-as-a-Service (SaaS) location-based risk assessment product for insurance underwriters worldwide. This version of InsitePro includes an underwriting module that provides property insurance underwriters with a powerful means to evaluate individual locations for flood risk and other perils anywhere in the world.
September 24, 2014--Most organizations are not prepared for Microsoft's looming end of support for Windows Server 2003 according to TechCheck™ assessment analysis by Softchoice, a leading North American technology solutions and managed services provider.
September 19, 2014-- The Home Depot ® confirmed that the malware used in its recent breach has been eliminated from its U.S. and Canadian networks. The company also has completed a major payment security project that provides enhanced encryption of payment data at point of sale in the company's U.S. stores, offering significant new protection for customers. Roll-out of enhanced encryption to Canadian stores will be complete by early 2015. Canadian stores are already enabled with EMV "Chip and PIN" technology.
September 16, 2014--The Empire Life Insurance Company has signed an agreement with Express Scripts Canada to provide pharmacy benefit management services to its group customers. The agreement takes effect February 1, 2015.
September 12, 2014 – Basware , a provider of e-invoicing and purchase-to-pay solutions, continues to achieve record growth, with over 80 million annualized e-invoice and purchase order transactions sent and received across its Basware Commerce Network.
September 3, 2014 – Technology providers Sionic Mobile and MyEcheck have partnered to provide electronic check, fraud control, and account services for Sionic Mobile’s ION Rewards mobile loyalty/mobile payments application. By partnering with MyEcheck, Sionic Mobile can now offer ION Rewards users yet another convenient payment option, eCheck, leveraging the industry’s most advanced security and fraud control technologies, while creating a more streamlined, user-friendly consumer experience.
August 26, 2014 – Industry association, GlobalPlatform, has qualified FIME's 'global' test tool, validating its ability to evaluate the functionality of secure elements (SEs) to support payment, telecom, and identity applications. The tool is available for SE providers, mobile network operators (MNOs), and handset manufacturers, to purchase for pre-certification development testing, and as part of FIME's laboratory testing service portfolio.
August 25, 2014 – PlanPlus Inc., a financial and investment planning software company and FinaMetrica, an Australian-based firm with a globally supported psychometric risk tolerance test for advisors have collaborated to release a new best-of-breed risk profiling and suitability analysis for financial advisors and firms.
August 19, 2014 – Teradata Corporation, the analytic data platforms, marketing applications, and services company, has released its newest version of ‘ Teradata Demand Chain Management ’ , software that forecasts consumer demand and synchronizes retailers' ability to meet it – by channel – by right-sizing inventory requirements across even the most complex supply chains. The company also released ‘Teradata Demand Chain Management in the Cloud’, a deployment option that enables data-driven retailers to take advantage of the solution's forecast accuracy sooner, and without adding additional infrastructure.
August 19, 2014 – Telstra has launched its global cloud-based unified communications service, enabling businesses to communicate and collaborate in real-time regardless of their location around the world.
August 13, 2014 – A recent IDC survey commissioned by Samsung Electronics Canada found that technology trends such as Bring Your Own Device (BYOD), which reflect the growing use of personal tablets and smartphones in the workplace, is driving change for the chief information officer (CIO) and businesses across Canada. Of the CIOs surveyed, 58 per cent said the number of mobile workers at their company has increased and that 68 per cent of these workers use tablets in addition to mobile phones.
August 7, 2014 – Conformance Technologies, a provider of operating systems, education systems, and expertise used in managing business compliance requirements, has launched its ‘Data Incident Management Program’. The p rogram is a comprehensive suite of services that provides expert assistance in the event of a data incident, giving merchants ‘ease’ of mind while at the same time enhancing business performance by saving time and money.
August 5, 2014 – Absolute Software Corporation, supplier of endpoint security and management solutions for computers, laptops, tablets, and smartphones, was recognized in the Gartner, Inc. ‘2014 Critical Capabilities for Client Management Tools Report’ for its Absolute Manage software.
July 30, 2014 -- Credit unions lead banks in terms of new software contracts signed with non-core vendors for provisioning consumer online banking technology. Sixty-eight percent of new contracts were signed by credit unions in 2013. This contrasts with the 70 per cent of new online banking contracts signed by banks with U.S. core vendors.
July 29, 2014 – Reval, a global provider of a Software as a Service (SaaS) solution for Treasury and Risk Management (TRM), has added three solution consultants to its team in North America. New hires Dennis Carey, Eric Kaplan, and Zachary Pryde bring strong practitioner and Big 4 advisory experience to companies in the region that are expanding globally.
July 29, 2014 – Sage North America – a provider of business management software and services to small and midsized businesses in Canada – has entered strategic partnerships with several leading Canadian brands as part of its ongoing commitment to support small and medium-sized businesses in Canada.
June 28, 2014 – Protiviti, a global consulting firm, has been ranked among the top five firms in the ‘Kennedy Vanguard of Financial Services Risk Consulting Providers’. The ranking is included in the ‘2014 Risk Consulting in Financial Services’ report by Kennedy Consulting Research & Advisory. According to the report, Protiviti is a "formidable player in the risk space," based on the quality of services it provides and the experience of the people it hires.
July 9, 2014 – Business leaders are becoming increasingly complacent, says Shred-it’s ‘4 th Annual Security Tracker’. While Canadians are more aware of information security risks than ever before, business leaders have taken little to no action to decrease risk of reputational damage or disruption to their business operations.
July 7, 2014 – Broadridge Financial Solutions, Inc., the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally, and Doxim, leading provider of customer communications management technology including automated client onboarding, cloud-based enterprise content management and advanced document processing solutions for financial services providers, today announced that they have partnered to deliver an end-to-end Smart Statement Solution to the bank, broker-dealer and asset management marketplace.
July 6, 2014 – FICO, a leading predictive analytics and decision management software company, has appointed Kevin Deveau to lead its Canadian operations. Deveau has more than 30 years of experience providing information technology solutions to clients in the financial services, insurance, health care, retail and government sectors. Since Deveau joined FICO in 2010, he has been one of the company's top client partners, securing more than $50 million (CAD) in new business.
June 25, 2014 –RIMS, the risk management society, commends the House Committee on Financial Services for approving a bill to reauthorize the Terrorism Risk Insurance Act (TRIA) now, providing policymakers with time to negotiate the terms of the final TRIA extension prior to its December 2014 expiration.
June 13, 2014 – Trustwave with its cloud-based information security and compliance services and First Data, a payment technology and services solutions provider have joined to provide data security to small- and mid-sized businesses. Businesses that use First Data payment processing services will have access to a solution delivered through Trustwave's cloud-based TrustKeeper platform that will deliver security through cost effective, purpose-built, endpoint security, and advanced e-commerce vulnerability monitoring while helping businesses achieve and maintain compliance with the Payment Card Industry Data Security Standard (PCI DSS). The core services will provide small businesses access to information security services designed to help protect them from malware and viruses, critical system changes, unauthorized devices, security misconfigurations, and non-compliant payment card storage.
June 11, 2014 – Twenty per cent of Canadian executives believe bribery or corrupt practices happen widely in business in this country, says the ‘Global Fraud Survey’ by EY. "That's disturbingly high," says Mike Savage, EY partner and Canadian fraud investigation and dispute services leader. "Corruption interferes with fair competition for business. To overcome that, companies really need to create a culture where ethical behaviour is at the core of their operations – not just at home in Canada, but also at their overseas operations. They also need to encourage people to speak up if they think something isn't right."
June 6, 2014 – Walmart Canada's online store, walmart.ca, has won the Retail Council of Canada 'Excellence in E-commerce Award’ for providing groundbreaking customer responsiveness. The new walmart.ca uses best-in-class technology to provide customers with a completely seamless shopping experience across all devices, from smartphones and tablets to traditional desktops and laptop computers, says Simon Rodrigue, vice-president and general manager for e-commerce Walmart Canada.
June 5, 2014--The Canada Revenue Agency (CRA) is aware that electronic sales suppression (ESS) software is being marketed and sold to Canadian businesses. As part of its efforts to combat the underground economy, it has introduced new measures to address this problem.
June 5, 2014 – Brook-Pro, a visual collaboration company, will use Magor's Aerus Service Delivery Platform for an innovative line of video-enabled service offerings for the financial services and higher education market segments. The platform is designed to allow service providers to develop their own solutions on top of the platform to deliver completely unique video-enabled offerings for their target vertical markets.
May 21, 2014--In 2014 around 40 billion bills/invoices are likely to be sent and archived paper-free, according to a survey done by Billis. in comparison with paper-based processes, electronic invoice handling processes make it possible to reduce costs by 50-80 percent, the company says. Investments in electronic invoice processing can therefore often be gained back within 6 months. Many companies are already using electronic processes.
May 5, 2014--Knowledge capital is the currency of business today, and organizations that leverage their critical information effectively hold a significant competitive advantage. Xerox has responded with new ways for enterprises to assess, protect and leverage their information when and wherever needed - not only to save money, but to ultimately improve client relationships and develop innovative and stronger offerings.
April 23, 2014--For technology professionals who work remotely, out of "site" isn't necessarily out of mind. In a new Robert Half Technology survey nearly one in five (19 per cent) Canadian chief information officers (CIOs) cited technological issues as their greatest challenge in managing a remote workforce. Productivity and communication issues followed with 17 and 15 per cent, respectively.
April 22, 2014--Canadian Tire Corporation has officially opened its Cloud Nine Digital Innovation Centre in Winnipeg, Manitoba. One of the most advanced centres of its kind in North America, the 28,000 square foot site will house a digital content warehouse, application lab, testing lab and high performance data centre. It will serve as the core digital hub for the Canadian Tire Family of Companies and allow the Company to provide greater digital services to its customers, suppliers, employees and partners.
April 21, 2014--John Babic, President and CEO of Dalmac Energy Inc. says the company has began the implementation of an electronic dispatching and invoicing system that is expected to improve productivity and significantly reduce operating costs and expenses.
April 1, 2014-Smartphone users looking for practical solutions now have a mobile application for submitting their auto and home insurance claims. The new application guides the client through the simple steps of an insurance claim. The app has three modules: the joint report (on the scene of the accident involving two vehicles), the auto insurance claim (one vehicle involved) and the home insurance claim.
March 27, 2014--With the rise of mobile and cloud computing, most organizations lack the IT infrastructure needed to respond quickly to front office and customer needs, according to a new study by Softchoice, a North American technology solutions and services provider, and VMware, the industry-leading virtualization software company. The study also reveals a significant competitive gap between organizations with an agile, efficient IT infrastructure and those without.
March 27, 2014--Big data can be a powerful tool for deterring, detecting and investigating fraud throughout organizations and yet far too few companies are effectively leveraging forensic data analytics, according to EY's report, Big risks require big data thinking: Global forensic data analytics survey 2014.
March 25, 2014--SOTI Inc., the world's leading provider of Enterprise Mobility Management (EMM) and Bring Your Own Device (BYOD) policy management, released a new SOTI Altitude Partner Program, designed to help channel partners grow their enterprise mobility businesses. With SOTI's channel partner base increasing by 41 percent year-over-year, the Altitude Partner Program provides lucrative opportunities for SOTI partners to take advantage of the growth in enterprise mobility.
March 25, 2014--The Investment Industry Regulatory Organization of Canada (IIROC) published final guidance regarding the use of business titles and financial designations. The guidance outlines best practices for member firms to supervise and monitor the use of business titles and financial designations by their individual registrants who deal with retail investors.
March 20, 2014--According to the 2014 Internal Audit Capabilities and Needs Survey Report released by global consulting firm Protiviti, Internal auditors' priorities are to better navigate social media risks, leverage technology to improve the audit process, and collaborate more with business partners to address organizational risks.
March 19, 2014--Ortec Finance, a global provider of technology and advisory services for risk and return management, announced today that OMERS, Canada’s largest pension plan, has successfully completed the implementation of its Asset/Liability Management (ALM) solution for pension plans. The ALM modeling software solution provides OMERS with in-house ALM capabilities. This will enhance OMERS ability to review and assess its strategic asset mix in terms of its pension liability structure and funded status by analyzing the impact of possible future changes in economic environments, financial markets and demographic liability factors.
March 6, 2014--Corvil, the provider of real-time operational performance monitoring, announced the launch of their Industry Alliance Partner Program to drive advanced solutions and architectures for streaming data, storage and real-time financial analytics.
March 5, 2014--comScore, Inc., a leader in measuring the digital world, and UPS Canada recently completed a survey of Canadian consumer online shopping habits which could impact your back office strategy. The UPS Pulse of the Online Shopper™: A Customer Experience Study contains key consumer insights into elements of the online shopping experience that drive brand preference, customer loyalty and word-of-mouth recommendations.
March 5, 2014--Supply chain strategy has emerged from the shadows and is increasingly being recognized as a key pillar of growth and profit. More than 80 per cent of business leaders agree that a well-managed supply chain is a key competitive advantage in today's global economy. This insight comes at a time when consumers and businesses are increasingly demanding a more consistent experience across the multiple channels and jurisdictions. As a result, businesses are leveraging the power of a streamlined global supply chain in an effort to improve mobility, visibility and scalability.
March 3, 2014--Aite Group today announces the results of the third annual survey conducted by The Financial Brand, in a report on retail banks and credit unions, Bank and Credit Union Marketing Trends, 2014. The report identifies and evaluates trends in bank and credit unions' marketing priorities, the products they will heavily market in 2014 and 2015, the channels they will market those products in, the marketing challenges they face, the tools and technologies they will use in their marketing efforts, and the metrics they will use to measure their marketing results.
March 3, 2014--OpenText, the global leader in Enterprise Information Management (EIM), has launched Microsoft SharePoint Services (SPS) for Extended ECM for SAP Solutions to help deliver comprehensive governance and compliance assurance capabilities to customers globally. The SPS solution from OpenText allows users of Microsoft SharePoint to work with content managed by OpenText Extended ECM for SAP Solutions, facilitating an integrated approach to enterprise ECM.
March 3, 2014--Equipos Inc., the global leader in client communications and client reporting automation, launches a new educational initiative today that will help senior buy-side business executives to understand the implications of CRM2 on their firm's processes, data and systems. It will also provide insight into the challenges of CRM2 compliance and identify ways for buy-side firms to leverage expenditure on CRM2 compliance to improve client service.
February 26, 2014--Today RentMoola and Wall2Wall Media announced an agreement enabling Canadian rental properties across the country to accept paperless payments by offering the RentMoola online and mobile payment solution.
February 26, 2014--Equifax Canada launched a new Data Breach resources website at www.equifaxprotect.com in response to a recent rash of data breaches and pending legislative changes aimed at protecting organizations that collect and maintain personal data.
February 25, 2014--Hedge fund managers revealed they are making significant investments in their firms' infrastructure to comply with new regulatory requirements, according to The Cost of Compliance, a report produced by KPMG International, the Alternative Investment Management Association (AIMA) and the Managed Funds Association (MFA), in 2013.
February 25, 2014--Canadian businesses face costly red tape when they want to do business across provincial borders; a problem that is hindering business expansion and economic growth, according to a report released today by the C.D. Howe Institute. In "Registering in Harmony: The Case for Pan-Canadian Corporate Registration," authors Daniel Schwanen and Omar Chatur note that while harmonization of corporate registries is proceeding apace around the world, in Canada, incorporated companies are required in most cases to register separately in every province where they want to conduct business.
February 24, 2014--Sandvine, a provider of intelligent broadband network solutions for fixed and mobile operators, today announced the launch of Usage Management release 5.0, which offers new capabilities to help both fixed and mobile communications service providers (CSPs) create, manage and implement new service plan offerings.
February 24, 2014--Seal Software, a provider of solutions to discover, extract, and analyze contracts and their content, announced the availability of its new Contract Analytics solution. This next generation of its market-leading Contract Discovery and Analytics suite is designed for businesses requiring greater visibility and control of their contracts throughout the enterprise.
February 20, 2014--RentMoola announced its latest partnership with SHIFT to offer its innovative online and mobile paperless payment solution to condominiums across Ontario. Condo Payments by SHIFT is the latest product offering, helping condo owners and property management companies save time and grow their business with the industry leading SHIFT Suite of products.
February 18, 2014--Big data, the vast amounts of information collected through devices and technologies, has the potential to "reshape" the accounting and finance professions by providing them with an opportunity to move into more strategic roles in business, says Ewan Willars, Director of Policy for ACCA (the Association of Chartered Certified Accountants).
February 18, 2014--Canada Post and Etsy have teamed up to offer Canada Post shipping services to sellers running their independent, creative businesses on the Etsy platform. The collaboration will enable Canadian Etsy sellers to streamline the order fulfillment process by allowing them to create and print shipping labels directly from the website without having to leave the Etsy platform.
February 11, 2014--It's an ongoing challenge for many small business owners: finding time to sit down with their off-site bookkeeper to go through queries on financial documents. Now a Canadian company has come up with an innovative solution.
February 10, 2014--Sage North America has released a new survey on small business, a move timed with the release of Sage One--Canadian Edition, an online accounting and invoicing solution.
The survey, conducted in December 2013 and polling more than 500 Canadian small business owners, found that more than half of new Canadian start-ups went from business idea to launch in less than six months. The report also found that two-thirds of respondents were able to pay themselves in the first year, while approximately 30 per cent were hiring employees within the first two years of operation.
February 10, 2014 --New research from SunGard has highlighted how regulatory change is second only to market volatility as an executive issue for financial services firms. With many new regulations taking effect during the course of 2014, in some cases it is even considered the number one strategic risk. Senior executives are now concerned that regulatory change is distracting attention from core business activities and potentially hindering companies’ ability to grow.
February 9, 2014--Iron Mountain, the storage and information management company, has published predictions from 230 IT professionals on how organizations will protect data in 2014 and beyond. Titled The Cost of Inertia, the newly released report indicates that IT professionals believe most organizations will not do enough in the near future to fortify their data backup and recovery practices, despite recognizing that information security risks continue to grow.
February 9, 2014--Dolphin Enterprise Solutions Corporation (Dolphin), an SAP software solution and technology partner, has been chosen by the internationally-renowned University of Toronto to optimize the Facilities and Services Department’s SAP accounts payable application with automation, workflow and reporting.
February 9, 2014–AOC Solutions, Inc. (AOC), a leading commercial payments technology and services provider to corporate and federal clients, announced today that Cleveland-based KeyBank has selected AOC’s EnCompass payments platform for its customers’ commercial card management and reporting.
February 8, 2014--Social tools and business networks have changed the very nature of business and engagement. And innovative companies are leveraging them to fuel new, more efficient processes that drive advantage.
February 8, 204--BancTec, a global leader in business process outsourcing (BPO) and financial transaction automation, today announced its new processing facility in El Paso. The location has become a significant hub for BancTec’s growing healthcare operations — keying medical and dental claims, correspondence, and various types of attachments.
February 7, 2014--While the global economy is beginning to bounce back, organisations are still faced with a heightened pressure to improve their cash flow and will turn to innovative payment strategies in the next year. This is one of the predictions of Basware, the leading provider of e-invoicing and purchase-to-pay solutions, for the key finance and procurement trends in 2014. Further, the fast growth of social, mobile and cloud computing will fuel the rapid rise of e-invoicing and e-payment services over the next year, as well as internal and external collaboration driven by accounts payable and real-time analytics.
February 7, 2014--Bottomline Technologies, a leading provider of cloud-based payment, invoice and banking announced today the acquisition of Rationalwave Analytics, an early stage predictive analytics company.
February 7, 2014--The OSC announced that as of February 19, 2014, all market participants will be required to electronically file a number of documents that have traditionally been filed in paper format with the OSC. While Rule 11-501 – Electronic Delivery of Documents to the Ontario Securities Commission officially takes effect on this date, these electronic services are currently available for participants that wish to start filing these documents electronically.
February 6, 2014--RDM Corporation, a leading provider of specialized software and hardware products for electronic payment processing, announced today the new release of its patented Simply Deposit Mobile (SDM) remote deposit capture (RDC) solution for mobile devices. The new release adds remittance and general document image capture with data entry capabilities to its already leading-edge mobile platform.
February 5, 2014 --Seal Software, the leading provider of solutions to discover, capture, extract and analyze contracts, today announced a strategic partnership agreement with IBM Emptoris Contract Management.
February 4, 2014 --OpenText has announced innovations to the OpenText Tempo product line that deliver advanced capabilities as part of OpenText's Project Red Oxygen. With the innovations, OpenText Tempo becomes the first and only application in the market to offer an enhanced work experience providing: social collaboration; note-taking and organizing capabilities; enterprise file synchronization and share; plus the inherent security of Enterprise Content Management (ECM).
January 30, 2014--CSN Collision & Glass, Canada's largest network of collision repair facilities, and Audatex Canada ULC, the leading provider of claims solutions serving Canada's automotive industry, today announced that CSN has selected Audatex InsightPlus as its new National Data Solution engine.
January 29, 2014--NovoDynamics, Inc., a leading developer of advanced pattern recognition and analytics technologies, today announced the availability of NovoImage+ automated image enhancement software version 1.1.
January 29, 2014 --Stream Integration and Canada Post formed a new strategic partnership to deliver enterprise solutions for address data certification, verification, cleansing, and enrichment. The new software brings Canada Post's market-leading AddressComplete address validation tool together with Stream Integration's StreamClean capabilities.
January 24, 2014--The salary outlook for finance and accounting professionals in Canada is more optimistic than it has been in years, as Canada's economic stability continues to improve after prolonged international uncertainty. Very few jobs in the financial profession in the Greater Toronto Area experienced a decline in salary in 2013 with certain roles enjoying significant pay increases, according to Lannick's 2014 Finance & Accounting Salary Report.
January 23, 2014 --FX Transparency, the largest independent provider of FX transaction cost analysis (FX TCA) and best-execution consulting globally, today announced the release of FXT Analytics, a hosted application that will allow clients to create their own custom reports as well as explore new ways to reduce trading costs.
January 15, 2014 --Broadridge Financial Solutions, Inc., a leading provider of investor communications and technology-driven solutions for financial firms and corporate issuers globally, today announced a contractual arrangement with BMO Financial Group to help them more efficiently manage their tax reporting requirements while automating data collection, composition, printing and delivery through Broadridge's Tax Forms Plus system (TFP).
January 15, 2014 --Canadian National Insurance Crime Services (CANATICS), CEO Ben Kosic announced today that CANATICS has closed a five-year deal with BAE Systems Detica to detect suspicious auto insurance claims in Canada. Detica, a global analytics service headquartered in the U.K. with offices in Canada, has several national insurance bodies and global insurance companies as clients and will help CANATICS develop a solution that will analyze pooled industry data from Ontario. Other provinces may be added in the future.
January 14, 2014--Audatex Canada ULC, a wholly owned subsidiary of Solera Holdings, Inc., the leading global claims solutions provider serving the automotive industry, today announced a new long-term strategic partnership with RSA Canada, the country's third-largest property and casualty insurer.
January 13, 2014--The Investment Industry Regulatory Organization of Canada (IIROC) today issued two final Guidance Notes, one to clarify the requirements of Member-Dealer firms who engage in outsourcing arrangements, and another with specific focus on one form of outsourcing--clearing arrangements.
January 8, 2014 --Textura Corporation, a provider of collaboration solutions for the construction industry, announced that LATISTA Technologies, a Textura solution and leader in field management solutions for construction, is introducing LATISTA Business Intelligence (BI) to its reporting and analytics solution. This enhanced cloud and mobile LATISTA solution increases the speed of issue-resolution and assures greater transparency – saving time and money.
December 17, 2013 --Financial executives don't anticipate bonus levels will differ much this year compared to 2012, suggests recent research. Further, at companies where bonuses will change, they are more likely to fall than rise.In the Robert Half survey, only 8 per cent of chief financial officers (CFOs) at firms that offer bonuses said their bonus levels in 2013 will increase over last year, compared to a slightly higher 12 per cent of respondents who expect a decline. Sixty-two per cent of executives foresee no changes.
December 13, 2013 --A new resource guide from the Columbia Institute, LOCO BC, and ISIS Research Centre at the UBC Sauder School of Business, offers innovative tools for economic development. Buying Local: Tools for Forward Thinking Institutions details specific policies and practices for economic development through local purchasing.
December 12, 2013--Cambridge Mercantile Group, a leader in corporate foreign exchange and global payments, and Beanworks Solutions, a leader in cloud-based accounts payable automation, today announced a strategic partnership to provide corporate customers with an end-to-end automated solution for processing purchase orders through to electronic payments. The partnership will provide customers with a single integrated offering combining the BeanworksAP automated payables solution with Cambridge's ezPay+, a superior online solution for international corporate FX payments. Secure and reliable, ezPay+ is the most recent addition to the full suite of payment and FX tools available on Cambridge Online.
November 15, 2013--WAUSAU Financial Systems, the industry leader in receivables processing solutions, and Treasury Strategies, Inc., the leading treasury consulting firm, today released a study revealing that corporations experience multiple pain points at least 50 percent of the time through the treasury management implementation process. Among key pain points include “on-time implementation,” lack of visibility into implementation status and poor communication with the bank.
August 16, 2013 --Davis + Henderson Corporation has completed the US$1.2 billion acquisition of Harland Financial Solutions, a leading U.S.-based provider of strategic technology, including lending and compliance, core banking, and channel management technology solutions. With the Acquisition, D+H improves its competitive position by expanding its value-added suite of financial technology products for banks and credit unions and accelerates its strategy of being a leading North American FinTech provider. The complementary nature of D+H's combined offering is expected to fuel product cross-selling synergies and new revenue opportunities by providing existing and new clients with a more powerful solutions set that they can use to grow, compete, meet compliance requirements and drive operational effectiveness. Inclusive of HFS, D+H now serves approximately 6,200 customers in North America and achieves greater revenue diversification by geography and service line.
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