Zafin's tech will provide a "consistent view of product, billing and invoicing information across all channels ..read more

Merrco Payments in Canada is preparing to assume a new identity, with the transition to be led by a fresh management team. Merrco Payments to adopt new brand name The Toronto-headquartered fintech announced this week that it will now be recognised under the KORT Payments brand. Founded in 2016, Merrco provides e-commerce and point-of-sale (POS) payment solutions for the cannabis industry. It later merged with fellow Canadian fintech Payfirma in 2018 for enhanced payment processing capabilities. Merrco’s transition to the KORT Payments brand comes after it completed its latest capital raise i ..read more

Innovation Federal Credit Union in Canada has promoted “seasoned strategic executive leader” Jason Cinq-Mars to the position of chief information officer (CIO). Jason Cinq-Mars, CIO, Innovation Federal Credit Union (Image: LinkedIn) Cinq-Mars first joined the Swift Current-headquartered co-operative in January 2023 as senior vice president of next-generation banking, where it’s said he “defined and implemented a strategic vision to position the credit union as a leader in Consumer Driven Banking (Open Banking) and Banking-as-a-Service”, according to a profile description on its website. His ..read more

Payments Canada, which operates the country’s payment clearing and settlement system, has named serving board member and former TD Bank Group exec Susan Hawkins as its new CEO and president, effective 12 August 2024. Susan Hawkins, new Payments Canada president and CEO (Image: LinkedIn) Hawkins’ appointment marks the conclusion of the company’s CEO search, initiated after Tracey Black announced her decision to step down from the roles of president and CEO in February after a four-year tenure. Payments Canada has been co-led by chief financial officer Kristina Logue and chief delivery officer ..read more

Canadian credit union Vancity, which services over 550,000 members across British Columbia, has laid off 7% of its workforce – around 200 staff – as part of an organisational restructure. Vancity cuts 7% of workforce In a statement on 13 June, president and CEO Wellington Holbrook said taking the decision to restructure was “incredibly difficult” but also “essential”. Holbrook says the restructuring will “align Vancity’s business with our current market conditions” and “support a future-focused renewal of our commitment to members and community”. He adds that he expects the measures to place ..read more

Haventree Bank, a federally regulated Schedule 1 bank based in Canada, has tapped Swiss banking tech vendor Temenos to modernise its lending and banking services. Haventree Bank selects Temenos for core banking Temenos says that Haventree, which serves the Canadian alternative mortgage sector through its broker network, is set to leverage the vendor’s core banking Software-as-a-Service (SaaS) in an effort to “unlock greater business agility, improved performance, scalability, and enhanced security”. The vendor’s claimed scalability will enable Haventree to quickly implement cloud-native, API ..read more

Raiffeisen Bank International (RBI) has selected Canadian trade finance solutions provider Surecomp to digitise its operational processes for guarantees and letters of credit. RBI selects Surecomp’s RIVO for trade finance The agreement will see the corporate and investment bank, headquartered in Vienna, Austria, utilise Surecomp’s collaborative trade finance platform RIVO. Hosted by Amazon Web Services (AWS), Surecomp says the Software-as-a-Service (SaaS) solution will enable RBI to provide its global corporate customers with a “fully digital workflow” and enhanced processes. In addition to ..read more

Vancity, claimed to be Canada’s largest community credit union, has signed a seven-year agreement with Indian software giant Intellect Design Arena to leverage several of the vendor’s digital banking solutions. Vancity joins hands with Intellect Design Arena The credit union is to deploy the vendor’s Contextual Banking Experience (CBX) offering to upgrade its commercial digital operations, as well as its Digital Engagement Platform (DEP) to enhance its digital services for retail and small and medium-sized enterprises (SMEs). With the implementation of the two solutions, enabled by a fully m ..read more

DZ Bank in Germany is set to digitise several aspects of its trade finance operations by adopting Surecomp’s collaborative trade finance platform. DZ Bank picks Surecomp’s trade finance solution The Frankfurt-headquartered commercial bank is leveraging the vendor’s RIVO solution for “real-time corporate communication, transaction status transparency and accelerated trade finance issuance”, according to a statement. Integrated with Surecomp’s DOKA-NG solution for back-office trade finance processing, the platform is expected to enable “faster funding transactions” for buyers and suppliers ser ..read more

Moldindconbank has selected the Canadian open banking platform Salt Edge to bolster its compliance with the European Payment Services Directive (PSD2) in Moldova. Moldindconbank partners with Salt Edge for PSD2 compliance As one of the country’s largest full-service banks, Moldindconbank is to leverage the vendor’s open banking compliance solution to facilitate secure, regulated access to customers’ financial data alongside the integration of services by third-party providers (TPPs). Launched by Salt Edge in October 2018, the Software-as-a-Service (SaaS) solution is fitted with a suite of ac ..read more