Visa (NYSE: V) and CIBC announced a new collaboration that will enable the bank’s clients to send funds to family and friends across borders more conveniently. With the innovative money movement capabilities of Visa Direct, CIBC and Simplii clients will soon be able to send… Read More
Read more in: Global, Fintech | Tagged banking, cibc, digital wallets, visa
Carbon credit transaction network Carbonplace has raised $45 million in “a strategic round of investment and formed its own entity.” Carbonplace, which “connects buyers and sellers of carbon credits through their banks, secured the seed funding from the financial institutions which founded the fintech: BBVA,… Read More
Read more in: Fintech, Global | Tagged bbva, bnp paribas, carbon credits, carbonplace, cibc, financial institutions, investment round, itau unibanco, national australia bank, natwest, robert begbie, smbc, standard chartered, ubs
As many Canadians set their financial goals for the year ahead, CIBC announced the launch of CIBC Smart Planner, which is described as “an easy to use, self-serve digital tool that takes the complexity out of managing finances and offers personalized advice.” CIBC Smart Planner… Read More
Read more in: Fintech, Canada | Tagged canada, cibc, digital financial services, financial advice, financial management, financial services, personal finance
To help clients save time, increase convenience and remove barriers to sending and receiving funds abroad, CIBC announced the expansion of its Global Money Transfer (GMT) service “to include cash pick up through MoneyGram, a global leader in the evolution of digital P2P payments, enabling… Read More
Read more in: Fintech, Canada, Global | Tagged cibc, Cross-Border Transactions, Customer Experience, cx, digital payments, digital transactions, fund transfers, global money transfer, global payments, grant lines, money transfers, moneygram, p2p payments, user experience, ux, vineet malhotra
Ageras Group, based in Denmark, has raised €35 million from CIBC Innovation Banking, according to a corporate statement. Ageras, launched in 2012, has broadened its services over time and now provides a “financial cockpit” for small businesses, including banking accounting, invoicing, payroll, and more. announced… Read More
Read more in: Fintech, Global | Tagged Ageras Group, cibc, cibc innovation banking, denmark, Rico Andersen, sean duffy
CIBC (TSX: CM) (NYSE: CM) recently entered a data access agreement with MX in order to improve the CIBC client experience via secure data sharing, offering customers a safe and intuitive way to share their financial details. The partnership with MX is indicative of CIBC’s… Read More
Read more in: Fintech, Canada | Tagged cibc, data, data-sharing, financial data, financial services, jane barratt, mx, open banking, open finance
CIBC Innovation Banking recently announced £40 million of growth financing for London-based Smart, a retirement tech provider. Smart will use the capital “to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.” Smart launched in 2015 with the goal of “making… Read More
Read more in: Fintech, Global | Tagged cibc, cibc innovation banking, europe, financing, fintech adoption, fintech trends, growth financing, london, retirement, sean duffy, uk, united kingdom
The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help… Read More
Read more in: Canada, Fintech, Global | Tagged canada, canadian imperial bank of commerce, cibc, cloud, data lakes, digital banking, digital technology, digital transformation, digitalization, microsoft, microsoft azure, remittances, toronto
CIBC’s mobile banking app recently turned 10 years old, notably marking a decade since the institution became the first large Canadian financial institution to provide an innovative mobile banking app to customers. In a February 2 press release, CIBC reflected on the key milestones the… Read More
Read more in: Canada, Fintech, General News | Tagged aayaz pira, canada, cibc, digital banking, digital payments, digital transformation, online payments
A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More
Read more in: Asia, Blockchain & Digital Assets, Canada, Global, Investment Platforms and Marketplaces | Tagged cibc, exchanges, nonghyup, quadrigacx, south korea
Vancouver-based cryptocurrency exchange QuadrigaCX has been defending itself in court for the release of $28 million dollars in customer funds frozen by the Canadian Imperial Bank of Commerce (CIBC) since January, the Globe and Mail reports. According to court documents filed by CIBC in the… Read More
Read more in: Blockchain & Digital Assets, Canada, Global | Tagged canadian imperial bank of commerce, cibc, exchange, quadrigacx
In an interview with Canadian Business, Canadian Imperial Bank of Commerce (CIBC) CEO Victor Dodig touched upon looming competition with online lenders. Dodig is a relatively new CEO of the bank having taken the helm of CIBC in 2014. Dodig joined CIBC in 2005 but prior… Read More
Read more in: Canada, General News | Tagged canada, canadian imperial bank of commerce, cibc, marketplace, p2p, peer to peer
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