CIBC’s internal AI platform, CAI (CIBC AI), has been named Best Gen-AI Initiative by The Digital Banker, recognizing its innovative use of generative AI to […]
Category: Digital Transformation
AI Transforms Fraud Prevention and Compliance in Payments Industry
Flagright, B4B Payments, and Zero are among the frontrunners integrating AI and machine learning into fraud prevention and anti-money laundering (AML) compliance, reshaping risk management […]
BMO, Deloitte Launch $100K Grant Program for Canadian Women Entrepreneurs Advancing UN SDGs
BMO, in partnership with Deloitte Canada, has opened applications for its fifth annual BMO Celebrating Women Grant Program, offering a total of $100,000 in funding […]
Starling Expands to Canada, Eyes North American Growth via Banking Software Platform ‘Engine’
UK-based neobank Starling is establishing a presence in Canada, opening a new office in Toronto as part of its broader North American expansion strategy. The […]
Fibe in Talks to Raise $35M Led by IFC as Profitable Growth Boosts Investor Confidence
Fibe, the Pune-based digital consumer lending platform formerly known as EarlySalary, is reportedly in advanced talks to raise $35 million in a fresh funding round, […]
CIBC Named a Top Workplace for Disability Inclusion in 2025
TORONTO, July 25, 2025 — CIBC has earned a top score on the 2025 Canada Disability Index®, officially recognizing the bank as one of the […]
UPI Hits Record 19.47 Billion Transactions in July, Logs ₹25 Lakh Crore in Value
India’s flagship digital payments platform, Unified Payments Interface (UPI), achieved a record-breaking 19.47 billion transactions worth ₹25.08 lakh crore in July 2025, as per the […]
SEC Appoints First Chief AI Officer, Launches Task Force to Drive AI Integration
The U.S. Securities and Exchange Commission (SEC) has established a dedicated Artificial Intelligence Task Force to accelerate the integration of AI across its operations. Valerie […]
RBC’s ATOM AI Model Redefines Banking with Hyper-Personalized Client Insights and Scalable Intelligence
TORONTO, July 29, 2025 — Royal Bank of Canada (RBC) has announced significant progress in its AI journey with its proprietary foundation model, ATOM (Asynchronous […]
RBC Deploys Proprietary AI Model ‘Atom’ to Revolutionize Credit and Loyalty Programs
The Royal Bank of Canada (RBC) has launched a proprietary AI foundation model, Atom (Asynchronous Temporal Model), developed by its Borealis AI research unit, to […]