Tagged: royal bank of canada

RBC Acquires OJO Canada, a Real Estate Tech Platform Enhanced by AI

Royal Bank of Canada (RBC) announced that it has “acquired OJO Canada — the Canadian operations of U.S.-based real estate technology company, OJO Holdings Corp.” The acquisition further “enables RBC’s commitment to supporting Canadians at every stage in their home buying journey by offering intuitive,… Read More

Canadian Banks Team Up with CanDeal to Provide Comprehensive KYC Solution

CanDeal Group, an operator of Canadian market and infrastructure services, has teamed up with five of Canada’s biggest local banks “to deliver a comprehensive, centralized Know Your Client (KYC) solution to the Capital Markets Industry.” The collaboration mutualizes many of the costs and efforts of… Read More

Artificial Intelligence: Royal Bank of Canada Shifts Apps Under Development at AI Reserach Unit, Borealis AI, to Private Cloud Platform

The Royal Bank of Canada (RBC), a multinational financial services company and the largest bank in Canada by market cap, has reportedly shifted applications under developments at its AI research division, Borealis AI, to a private cloud infrastructure. The high-performance cloud platform will be supported… Read More

Fintech Firm Neo Financial to Offer Canadian Customers New Savings Accounts with “Instant Rewards”

Canadian residents will soon have the option to open a new savings account, which will be introduced by Fintech firm Neo Financial. The banking challenger is currently working on a 2020 product launch. Neo Financial has been established by two of the co-founders of SkipTheDishes,… Read More

RBC Confirms It Has Filed Patent Regarding Possible Crypto Trading Platform

A spokesperson for the Royal Bank of Canada (RBC) has confirmed that the top 5 Canadian bank has filed patents for crypto trading platform technology. The spokesperson would not confirm plans to launch, however. “(L)ike many other organizations,” Jean Francois Thibault told The Logic Monday, “(RBC) files patent… Read More

Royal Bank of Canada Announces New Mobile Banking Enhancements for Small Business Owners

Global financial institution, Royal Bank of Canada (RBC), announced on Tuesday it has rolled out mobile enhancements specifically for small business owners. According to RBC, the enhancements will help business owners receive financial insights and allow them to manage their business financials. While sharing more… Read More

Royal Bank of Canada Launches New Mobile Banking Experience For Students

Royal Bank of Canada (RBC) announced on Wednesday the launch of its new mobile banking experience that is specifically for students. The RBC Mobile Student Edition was notably designed in collaboration with students to enable features that matter most to them. “The Student Edition hones… Read More

Royal Bank of Canada Announces Acquisition of Fintech Startup WayPay

Royal Bank of Canada (RBC) announced on Wednesday it has acquired WayPay, a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. RBC reported: “Many businesses are already planning the transition from paper cheques as manual reconciliation is… Read More

Royal Bank of Canada Launches API Developer Portal

On Tuesday, the Royal Bank of Canada (RBC) announced it has opened its very own API developer platform. According to the bank, the RBC Developers platform will allow eligible external software developers, industry “innovators,” and clients to access select RBC APIs. While sharing more details… Read More

Canadian Clean Energy Fintech Platform CoPower Secures $2 Million During Equity Finance Round

Canadian clean energy fintech company CoPower Inc. announced on Monday it has secured $2 million in equity financing to further scale its successful investment platform. The round was led by Fondaction CSN, a Montreal-based pension fund and included other existing shareholders such as the Royal… Read More

Royal Bank of Canada Enters Agreement with Fintech Firm VersaPay

VersaPay Corporation (TSXV: VPY), a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, announced on Thursday it has formed a strategic relationship with Royal Bank of Canada (RBC) (TSX: RY). According to VersaPay, as part of… Read More

Ontario Fintech Firm Wave Raises US $24 Million in Series D

This week, Canadian fintech company Wave, which is based out of Toronto, Ontario, announced it had closed on $32 million CAD (about US $24 million) of funding for its Series D round. The funding was led by investments from the Royal Bank of Canada (RBC) and National… Read More

Ripple Announces: Major Banks Team Up to Launch Blockchain Payments Network

San Francisco fintech company, Ripple, announced on Friday that six major have teamed up to launch a new blockchain network on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada have teamed up to… Read More

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