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Canadian Tire Bank Extends Relationship With Temenos, Moves To New Banking Cloud Platform

Canadian Tire Bank Expands Relationship with Temenos and Moves to Temenos Banking Cloud

Canadian Tire Bank selects Temenos

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 – Bankless Times

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 market, where banks are facing regulatory pressure to adapt and expand, Canada is unlikely to face such catalysts. The market is expected to continue consistent and conservative growth, balanced across the Big-5.

New CIBC Mobile Banking feature uses AI to give clients personalized, data-driven insights into their spending and saving

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/CIBC) CIBC Insights can help clients better manage their daily spending and saving by identifying trends and deviations from their usual patterns, based on their debit and credit card transactions. Additionally, the tool offers tailored tips and suggestions based on a client s spending history, which may include setting spending limits for different categories or merchants to better manage exp