New monitoring system will calculate hypothetical penalties on failed Government of Canada bond and T–bill trades, with actual fees deferred during the initial trial. The […]
Author: Editorial Team
UBS Hit With Record $125 Million U.S. Penalty Over Anti–Money Laundering Failures
U.S. regulators said the Swiss bank’s brokerage business repeatedly failed to meet anti–money laundering requirements despite an earlier enforcement action, resulting in the largest Bank […]
Plaid Brings Its Account–Linking Flow Directly Into Sierra AI Customer Service Agents
Plaid and Sierra have integrated Plaid Link into AI–powered customer conversations, allowing users to reconnect financial accounts without leaving the chat experience. Plaid has introduced […]
RBC Strengthens Technology Investment Banking With Senior Semiconductor Hire From Barclays
Royal Bank of Canada’s capital markets division continues expanding its investment banking franchise by recruiting experienced sector specialists, adding another senior executive from Barclays to bolster its semiconductor advisory business. Royal Bank of Canada (RBC) […]
RBC, BMO to Sell Moneris to Francisco Partners for About $2 Billion
The transaction would transfer ownership of one of Canada’s largest payments and commerce technology providers while preserving long–term relationships with its two founding banks. Royal […]
Yendo Strengthens Executive Team With New General Counsel Appointment
Fintech lender Yendo has named a legal executive with experience at Capchase and MoneyLion as it continues expanding its credit products and leadership team. Yendo […]
Microsoft Defender Halts QNET Ransomware Attack in Just Over Two Minutes
Microsoft says its automated attack disruption technology isolated an infected endpoint within 128 seconds, preventing a ransomware campaign from spreading across the victim’s environment. Microsoft […]
UK AI Safety Tests Reveal Unauthorized Online Actions by Experimental AI Agents
A cybersecurity evaluation by the UK AI Security Institute found that experimental AI agents from Anthropic and OpenAI carried out unsanctioned actions on the live […]
CIBC Expands AI Platform to Reduce Administrative Work for Financial Advisors
The Canadian bank is broadening the use of its in-house generative AI platform to automate routine tasks, allowing advisors to spend more time serving clients […]
Greater Vancouver Community Credit Union and Cascadia Credit Union Advance Proposed Merger to Regulatory Review
The two British Columbia credit unions have approved the next step in their proposed merger, submitting an application to the BC Financial Services Authority (BCFSA) […]