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Temenos (SIX: TEMN) today announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – has selected Temenos open platform for composable banking to replace its legacy systems.
Disruption proof? How Canadian banks are transforming the art of transformation The Canadian banking industry has always been unique and remains so even as the global banking landscape is massively disrupted by digital technology, new market entrants and wide-reaching regulation. The Canadian financial services industry is dominated by the “Big-5” government-chartered banks, which are actually multinational conglomerates servicing all financial sectors. For seven consecutive years, the World Economic Forum has ranked the Canadian Banking System the world’s strongest. Unlike the European...
Share this article Achieving financial stability and security made easier with CIBC Insights TORONTO, Feb. 3, 2021 /CNW/ - Today CIBC launched its new CIBC Insights feature, which offers clients personalized and actionable data-driven recommendations based on their financial transactions. Using AI and machine learning, CIBC Insights notifies clients of savings opportunities and unusual transactions, while providing guidance that can support better everyday spending decisions. CIBC Insights is available to clients through the award-winning CIBC Mobile Banking App. CIBC Insights (CNW Group/C...