We have recently reported on multiple instances of Canada’s Big Five Banks actively adopting artificial intelligence technologies.
For example, CIBC is aggressively hiring for AI-related roles as the bank ramps up focus on tech-driven solutions. [Read more…] about Global Index Reveals Canadian Banks Among World’s Most Active Adopters of A.I. Technology
BMO Insurance has announced the launch of a “first-of-its-kind” AI-powered digital assistant in Canada. [Read more…] about BMO Unveils Intelligent Digital Assistant Designed to Empower Insurance Advisors in Canada
In an era of unprecedented global mobility, national financial systems must adapt to welcome newcomers. However, the immigrant journey, often fuelled by aspirations, is frequently met with the harsh reality of financial exclusion. [Read more…] about BMO Helps Newcomers Make Real Financial Progress Through Nova Credit Partnership
A growing number of Canadians are using artificial intelligence technology to help manage their finances and investments. [Read more…] about Gen Z is Tapping into AI for Help with Finance and Investing, BMO Index Finds
The fintechs in this market map are companies that power the CFO’s office. They allow businesses to issue invoices, process payments, manage expenses & run payroll. These are behind the scenes tools that quite literally allow businesses to send & receive money. [Read more…] about FinOps Market Map: Visualizing Canada’s Financial Operations Companies
ZayZoon this month raised $46 million for its “earned wage access” platform.
The platform “helps the millions of Americans living paycheck to paycheck get by between paydays and plan for the future,” ZayZoon cofounder Darcy Tuer says. [Read more…] about Earned Wage Access Gathers Support in Canada as Big Bank Adopts Fintech
Raise your hand if you’ve ever thought, if only I’d gotten in on the ground floor of Airbnb, Instagram, or any of the scads of breakthrough tech startups.
Now lower your hand and give yourself a break, because even if you’d had a pile of cash to invest, you still probably wouldn’t have had any way to get in before those companies went public. [Read more…] about BMO Partners With Georgian to Launch New Tech Investing Fund For Clients
BMO’s Innov8 program has ranked first in the Best Fintech Accelerator and Incubator Award category at the recent 2022 Finovate Awards. [Read more…] about BMO Recognized for Best Fintech Accelerator and Incubator
Accounting software pioneer FreshBooks announced this week that it has secured a USD $100 million syndicated debt facility. [Read more…] about At ‘Important Period of Momentum,’ FreshBooks Secures $100 Million to Grow Global
This week, CIBC, TD, and RBC reported a 100% increase of profit for Q1 of 2021 compared to the same period last year, while BMO has almost doubled their profit.
Currently, 53% of Canadians live paycheque to paycheque. [Read more…] about KOHO Launches Initiative To Help Canadians Fight Bank Fee Increases
