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The best GIC rates in Canada for 2024 + MORE Jun 11th
Investing
The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The best low-interest credit cards in Canada for 2024 + MORE Sep 4th
Credit card interest rates aren’t all the same. If you carry a balance, or if you expect to take on debt that will take some time to pay off, you might want to consider a low-interest credit card. The savings could be substantial: while most regular credit cards charge around 20% in interest, the .... More »
How To Get The Best Home Insurance Quote in Canada Nov 27th
Unlike car insurance, in Canada, there is no legal requirement to have homeowners insurance. But that doesn’t mean you should go without it. Find out why you need insurance and how to get the best homeowners insurance quotes in Canada.
Why Do Homeowners Need Insurance in Canada?
Although not legal.... More »
A New Season for Savings + MORE Apr 8th
Have you given your wallet its spring cleaning? With plenty of deals – and new rewards – available this month, it’s a great time to swap out stale finance products for higher earning options. Get started with our review of an exciting new cash back credit card option, and check out wh.... More »
Bank of Montreal to open new ‘urban campus’ at the Toronto Eaton Centre + MORE Mar 1st
TORONTO _ The Bank of Montreal is taking over a four-storey space in the Toronto Eaton Centre in a bid to attract the high-tech talent it needs to bring ideas to the market quicker.
The bank’s plans, unveiled on Thursday, include an “urban campus” that will take over a portion of S.... More »
St. John’s, N.L., firm Verafin a growing force against fraud, money laundering
– canadianbusiness.com
ST. JOHN’S, N.L. – In 2003 Brendan Brothers was a 25-year-old graduate student designing robots at Memorial University of Newfoundland for dangerous mining jobs deep underground.
But he and two other researchers, Jamie King and Raymond Pretty, were hampered by a small market for such technology with few companies looking to use it.
“They likely weren’t going to buy software from three guys in a lab in the middle of nowhere in Newfoundland,” Brothers recalled in an interview.
The trio leaped at the chance to be part of a fledgling project at the university. Its aim was to develop a product that would help banks and credit unions catch fraud and money laundering.
“We thought the kinds of things that we were doing for these vehicles to make decisions for themselves would apply very directly to the problem of trying to find suspicious activity in transactions,” Brothers said.
Today, the three former students are co-founders of Verafin, a St. John’s-based company that’s already a global leader in financial security technology…
But he and two other researchers, Jamie King and Raymond Pretty, were hampered by a small market for such technology with few companies looking to use it.
“They likely weren’t going to buy software from three guys in a lab in the middle of nowhere in Newfoundland,” Brothers recalled in an interview.
The trio leaped at the chance to be part of a fledgling project at the university. Its aim was to develop a product that would help banks and credit unions catch fraud and money laundering.
“We thought the kinds of things that we were doing for these vehicles to make decisions for themselves would apply very directly to the problem of trying to find suspicious activity in transactions,” Brothers said.
Today, the three former students are co-founders of Verafin, a St. John’s-based company that’s already a global leader in financial security technology…
A Better Solution for Too-Big-to-Fail Banks
– online.wsj.com
Dodd-Frank’s flimsy ‘orderly liquidation authority’ won’t end bailouts. Bank debt that converts to equity could. A group of 75 financial experts gathered in Kitchener-Waterloo this week to think of way to get lower-income Canadians access to cheap, affordable banking options.
