Payments Canada concludes search for new CEO with Susan Hawkins appointment
Hawkins has served as a member of Payments Canada’s board since 2020.
The latest fintech news, resources and expert analysis in Canada by the leading intelligence provider for the worldwide fintech community.
Hawkins has served as a member of Payments Canada’s board since 2020.
The cuts, actioned by president and CEO Wellington Holbrook, have resulted in the loss of almost 200 positions.
Haventree serves the Canadian alternative mortgage sector through the broker network.
The Austrian bank will utilise RIVO to digitise its processes for guarantees and letters of credit.
Vancity has selected the vendor’s DEP and CBX solutions to digitise member engagement.
DZ Bank acts as a central bank to more than 700 cooperative banks in Germany.
The start-up has also confirmed its intended stock market debut on the Chicago Board Options Exchange.
Moldindconbank is to leverage the vendor’s open banking compliance solution.
Based in Vancouver, Canada, yPilot says it “leads the way in AI innovation for banks and credit unions”.
Nitsopoulos brings over 23 years of experience to the role and joins from US financial services giant PNC.
The Relay platform is designed to “help small businesses take control of their cash flow”.
Wang succeeds Max Attias, who is transitioning to the role of CIO.
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
Kyndryl will provide the SIS business operated under Broadridge Canada with managed services.
PC Financial will adopt Temenos’ retail core banking solution as SaaS on Microsoft Azure.
The firm will leverage Duco’s tech to “manage data effectively while reducing operational risk”.
The credit union’s implementation of Mambu in Canada arrives in tandem with the UK launch of MV Solar.
Beem Credit Union was launched by Gulf & Fraser and Interior Savings on 1 January.
The platform will support Libro with loan origination, customer onboarding and deposit account opening.
Zafin CEO Al Karim Somji will hand the reins over to former IBM Canada exec Charbel Safadi.
President and CCO Adam Payne says the deal comes amid a need to “focus on our core business”.
The credit union says it’s in the process of pivoting its legacy core to a “cloud native, real-time banking core”.
The deals were revealed during the Google Cloud Next event in Las Vegas this week.
The licencing follows the paytech’s $6.3 billion acquisition by Advent International.
The company plans to use the new cash injection to fuel its US expansion plans.
TD hopes the partnership will help streamline the development and deployment of new products and services.
The Canadian paytech expects the acquisition to close by “late 2024 or the first quarter of 2025”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The Indus PayWear app will enable the bank’s customers to tokenise their cards for use with wearables.
The Canadian paytech says “no decision has been made at this time” regarding a potential deal.
The investment builds on Perfios’ $229 million Series D and reportedly now values the firm at over $1 billion.
PayPal Complete Payments launches this week to online sellers in 22 markets worldwide.
The recent round adds to the company’s $12.7 million Series A funding raised in 2022.
Vencora now owns 99.07% of Crealogix’s issued share capital and voting rights.
Be Mobile Africa’s CEO says the “sale of non-financial assets injects vital financial resources” into the firm.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Green Dot will facilitate all banking services for Dayforce Wallet customers in the US.
EQ Bank to leverage Trulioo’s “customised onboarding experiences” to stay ahead of industry practices.
The Toronto-based fintech says the new facility will be used to expand its Charge Card programme.
Payments Canada’s board has now initiated a “comprehensive search” for Black’s successor.