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Moving data from local systems to the cloud can feel incredibly intimidating, but it’s even more intimidating when that data contains the private financial information of tens of thousands of banking and financial services customers. Add on legitimate concerns about cloud security, pair that with the ambiguous nature of a financial institution’s regulatory compliance obligations, and things become—well, a little

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What Does a Quiet Shift in Key Demographics Mean for Both Banks and Alternative Lending?   As Canadian banks and financial institutions continue to press forward with ongoing digital strategies, including legacy modernization and cloud migration journeys, an important generational shift has quietly taken place over the past few years: Millennials have overtaken Baby Boomers to become the largest generational demographic

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Are Subprime Loans Creating Opportunities during Our Ongoing Housing Boom? Let’s face it. We’re not all billionaires armed with unfathomable amounts of personal wealth, funding our own space exploration programs, and performing summersaults in microgravity as we toss around Skittles to our crewmates. OK, some of us are. But most of us are simply focused on, you know, more earthly

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What Is Peer-to-Peer Lending and How Do Peer-to-Peer Loans Work? Peer-to-peer lendings is a relatively new model of online lending in the financial services industry, but the idea behind this innovative form of fintech-based financing really isn’t that new at all. When we strip away the modern technology around some of the most successful peer-to-peer lending platforms that have launched

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What Is Legacy Modernization in Banking? Banks are under a lot of pressure these days. We’re not talking about the normal business pressures that financial institutions are accustomed to, either. Those typical stakeholder pressures to reduce operating and IT costs and increase profit margins, all while battling consistently low interest rates—that’s just a part of the business. There is a

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Why Migrate in the First Place? A Cloud Migration Plan Can Help Banks Set Expectations, Mitigate Risk, and Calm Some Nerves When it comes to the type of change that’s involved with cloud migrations, decision-makers of Canadian banks are a little like overprotective parents. You know the type. They like to hover close by, keep an eye on things, always

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Why Cloud Migration in Banking Isn’t Just a Side Conversation Around Digital Transformation Cloud banking has an unquestionable and underestimated potential to completely transform a financial institution. But it feels like we hardly ever talk about it. It hasn’t claimed the spotlight for any prolonged period of time in online tech or finance publications like other fintech topics often do.

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There Is Rising Demand in the Canadian Auto Lending Market Despite a worldwide pandemic, rising unemployment rates, and levels of household financial anxiety that many of us have never witnessed before, there’s not only hope for auto lenders—but there appears to be a growing opportunity in Canada’s auto lending market. Next to securing a mortgage and buying a home, it’sRead more

What Happened to Revolut in Canada & What Does It Mean for Other Canadian Neobanks?  If you look around online this week, you might still see it: Revolut Is Coming to Canada! Unfortunately, like an empty storefront whose owners left town seemingly overnight without removing the signs from the windows, those words are just the abandoned remnants of the incredibly

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Open Banking Regulations Are Encouraging Competition & Innovation in Financial Services Whether we’re talking about the amended Payment Services Directive (PDS2) in the European Union, the Consumer Data Right (CDR) in Australia, or consumer-directed finance here in Canada, there’s an underlying trend in the financial services industry that’s gaining momentum beyond geographical borders: Financial regulators are taking calculated steps toward

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