Toronto-based Wealth One Bank of Canada has rolled out significant digital upgrades, allowing clients to open GICs, RRSPs, TFSAs, and high-interest savings accounts online anytime, anywhere, and on any device. This move marks a pivotal step in the bank’s digital transformation journey, aiming to deliver greater convenience and accessibility.
“Our new online account opening process makes it easier than ever to join WealthONE Bank,” said Barry Ferguson, Chief Operating Officer. “This is another major milestone in our efforts to transform the client experience.”
To power this initiative, the federally chartered Schedule 1 digital bank partnered with Alberta-based fintech thirdstream technologies, known for its expertise in digital onboarding solutions. Leveraging Microsoft Azure cloud infrastructure, thirdstream’s platform facilitates seamless and secure account openings, ensuring regulatory compliance, identity verification, and fraud prevention all while maintaining a personalized user experience.
“Our partnership with thirdstream enhances our digital banking capabilities and provides secure, user-friendly access to our savings and investment products,” Ferguson added.
Keith Ginter, CEO of thirdstream, highlighted that WealthONE’s adoption of the platform reflects a strong commitment to technological innovation. “Our platform is designed to provide financial institutions with the flexibility to deliver frictionless, compliant onboarding both online and in-branch.”
The collaboration, which began in early 2024, reinforces both companies’ focus on delivering a superior digital banking experience to Canadian consumers.
