The Royal Bank of Canada (RBC) and Bank of Montreal (BMO), two of Canada’s financial institutions, are reportedly exploring the sale of their joint payments processing venture, Moneris Solutions Corporation, in a deal that could be valued at up to $2 billion. The potential divestiture,… Read More
Read more in: Fintech, Canada | Tagged bmo, canada, moneris, payments, rbc
LSEG announces that Royal Bank of Canada (RBC) has joined LCH CDSClear as the first Canadian clearing member, providing them access to the broadest range of credit products “eligible for clearing, enabling them to benefit from margin and operational efficiencies across their CDS portfolio.” RBC… Read More
Read more in: Fintech, Global | Tagged canada, london stock exchange, lseg, rbc, uk
Canada’s two most popular credit cards, and four of its top 10, are non-bank-branded, results of a study by Money.ca revealed this week. Money.ca surveyed more than 2,000 Canadians. The PC Mastercard is tops with 17.55%. PC stands for President’s Choice, a brand associated with… Read More
Read more in: Fintech, Canada | Tagged bmo, BMO CashBack Mastercard, Canadian Tire Triangle Mastercard, cibc, Money.ca, rbc, td
As Canada continues to welcome significant numbers of immigrants this year, Royal Bank of Canada (RBC) is committed to being their bank of choice by creating tools and resources designed to improve newcomer arrival experiences. RBC is announcing the launch of Global Credit Connect with… Read More
Read more in: Canada, Fintech | Tagged canada, financial services, rbc, royal bank of canada
Royal Bank of Canada (RBC) announced that it has “acquired OJO Canada — the Canadian operations of U.S.-based real estate technology company, OJO Holdings Corp.” The acquisition further “enables RBC’s commitment to supporting Canadians at every stage in their home buying journey by offering intuitive,… Read More
Read more in: Canada, Fintech, Real Estate | Tagged acquisition, canada, north america, rbc, royal bank of canada, sid paquette, united states, us
RBC Capital Markets announced the launch of Aiden Arrival, the second algorithm on the firm’s AI-based electronic trading platform. Aiden Arrival builds on the success of the Aiden platform’s first solution, “a volume-weighted average price (VWAP) algorithm, aims to reduce arrival price slippage and offer… Read More
Read more in: Fintech, Artificial Intelligence, Canada | Tagged ai, algorithms, artificial intelligence, electronic trading, rbc, rbc capital markets, trading
RBC announced it has acquired MDBilling.ca, a cloud-based platform that automates and simplifies medical billing for Canadian physicians. The company joins Dr.Bill at RBC, another medical billing company “acquired by the bank in 2020.” Founded in 2008, Toronto-based MDBilling.ca’s product offering is “rooted in its… Read More
Read more in: Canada, Fintech | Tagged automation, banking, canada, cloud, financial services, healthcare, medical billing, rbc, sid paquette, toronto
Plaid has officially opened an office in Toronto, Canada as it aims to expand its presence in the market. Simultaneously, Plaid announced an agreement with RBC to access data. According to a blog post: “The agreement will – for the first time – bring about… Read More
Read more in: Canada, Fintech | Tagged open banking, paid, rbc
RBC Clearing and Custody (RBC C&C), a division of RBC Capital Markets, LLC, recently confirmed the launch of RBC Nexus, a unified tech platform and secure entry point for independent broker-dealers and registered investment advisors. RBC Nexus is reportedly the only platform financial professionals require… Read More
Read more in: Fintech, Canada | Tagged digital technology, rbc, rbc capital markets
Lightspeed (TSX: LSPD) (NYSE: LSPD), the “one-stop” commerce platform for merchants across the globe to “simplify, scale and create exceptional customer experiences,” revealed on Monday (June 7, 2021) that it has entered into definitive agreements to acquire two “global leaders” in digital commerce. After the… Read More
Read more in: Fintech, Global | Tagged acquistion, digital commerce, e-commerce, lightspeed, morgan stanley, rbc, us
The Royal Bank of Canada (RBC), a multinational financial services company and the largest bank in Canada by market cap, has reportedly shifted applications under developments at its AI research division, Borealis AI, to a private cloud infrastructure. The high-performance cloud platform will be supported… Read More
Read more in: Artificial Intelligence, Canada, Fintech | Tagged ai, artificial intelligence, cloud, cloud computing, machine learning, nvidia, rbc, red hat, royal bank of canada
XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it is using the Interac Bulk eTransfer solution offered by RBC (TSE: RY) to help its business clients facilitate near real-time payments. According to XTM, the solution allows XTM customers or Today… Read More
Read more in: Fintech, Canada | Tagged canada, cashless, fintech, interac, rbc, xtm
Canadian residents will soon have the option to open a new savings account, which will be introduced by Fintech firm Neo Financial. The banking challenger is currently working on a 2020 product launch. Neo Financial has been established by two of the co-founders of SkipTheDishes,… Read More
Read more in: Canada, Fintech | Tagged andrew chau, banking challenger, canada, challenger bank, digital banking, neo financial, neobank, rbc, royal bank of canada, savings account
HSBC Holdings plc (HSBC), a British multinational investment bank and financial services holding company, and the Royal Bank of Scotland Group plc (RBS) are preparing to introduce their digital banking platforms in order to meet client requirements. HSBC Kinetic, the bank’s new digital banking platform,… Read More
Read more in: Global, Fintech | Tagged Bo, digital banking, hsbc, Peter McIntyre, rbc, royal bank of scotland, uk, united kingdom
A spokesperson for the Royal Bank of Canada (RBC) has confirmed that the top 5 Canadian bank has filed patents for crypto trading platform technology. The spokesperson would not confirm plans to launch, however. “(L)ike many other organizations,” Jean Francois Thibault told The Logic Monday, “(RBC) files patent… Read More
Read more in: Canada, Blockchain & Digital Assets, Investment Platforms and Marketplaces | Tagged crypto exchange, rbc, royal bank of canada
Royal Bank of Canada (RBC) announced on Wednesday the launch of its new mobile banking experience that is specifically for students. The RBC Mobile Student Edition was notably designed in collaboration with students to enable features that matter most to them. “The Student Edition hones… Read More
Read more in: Canada, Fintech | Tagged canada, fintech, mobile, rbc, royal bank of canada, students
Royal Bank of Canada (RBC) announced on Wednesday it has acquired WayPay, a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. RBC reported: “Many businesses are already planning the transition from paper cheques as manual reconciliation is… Read More
Read more in: Fintech, Canada | Tagged acquisition, fintech, rbc, royal bank of canada
On Tuesday, the Royal Bank of Canada (RBC) announced it has opened its very own API developer platform. According to the bank, the RBC Developers platform will allow eligible external software developers, industry “innovators,” and clients to access select RBC APIs. While sharing more details… Read More
Read more in: Canada, Fintech, General News | Tagged api, canada, fintech, rbc, royal bank of canada
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