Tagged: rbc

RBC Acquires OJO Canada, a Real Estate Tech Platform Enhanced by AI

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

RBC Capital Markets Introduces Aiden Arrival, the Second Algorithm on Aiden Platform

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

RBC Enhances Bank’s Healthcare Offering with Acquisition of MDBilling.ca

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

Open Banking: Plaid Opens Office in Canada to Boost Services in the Market

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

RBC Clearing and Custody Introduces Tech Platform for Broker-Dealers, Investment Advisors

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

Commerce Platform Lightspeed to Acquire Digital Commerce Firms Ecwid and NuORDER

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

Artificial Intelligence: Royal Bank of Canada Shifts Apps Under Development at AI Reserach Unit, Borealis AI, to Private Cloud Platform

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

Canadian Fintech XTM Announces Expansion of Cashless Ecosystem With RBC & Interac

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

Fintech Firm Neo Financial to Offer Canadian Customers New Savings Accounts with “Instant Rewards”

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

HSBC Holdings and Royal Bank of Scotland Prepare to Launch New Digital Banking Platforms to Meet Growing Demand from Clients

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

RBC Confirms It Has Filed Patent Regarding Possible Crypto Trading Platform

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

Royal Bank of Canada Launches New Mobile Banking Experience For Students

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

Royal Bank of Canada Announces Acquisition of Fintech Startup WayPay

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

Royal Bank of Canada Launches API Developer Portal

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

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