Canadian challenger bank KOHO continues to disrupt the personal finance space, announcing today the launch of their first Credit Building product. KOHO Credit Building reports all activity to TransUnion®, one of the two major reporting bureaus in Canada. [Read more…] about KOHO Launches Credit Building for Canadians
Toronto’s Foxquilt has partnered with Digital Partners, a Munich Re company, to enable them to operate as a full-service insurance provider and co-creator of new, end-to-end insurance products/programs for small businesses.
This Digital Partners collaboration provides the Foxquilt team with the autonomy and capabilities to design innovative products and underwriting and rating algorithms.
“Small businesses deserve immediate access to tailor-made insurance solutions that complement their unique operations. However, it requires building new architecture to support data-powered algorithms to afford such value,” said Mark Morissette, CEO and Co-Founder of Foxquilt.
“Our team built a dynamic underwriting platform that rewards business owners with an empowered value offering including simplicity, new products and savings. The progressive platform, Foxden, discerns the nature of the risk, underwrites and rates it, and directs it to a custom-made, proprietary product,.”
Foxden is a full-stack underwriting platform comprised of data-layered, micro-service architecture. Each of its services, including underwriting and rating, are powered by data algorithms to drive actions across the platform.
Toronto’s Sensibill, the leading provider of everyday financial tools and SKU-level insights, launched their new Sensibill Platform today, which includes two new solutions, Spend Manager and Spend Insights. [Read more…] about Sensibill Introduces the Sensibill Platform With SKU-level Insights
To help customers improve their financial wellness, BMO Bank of Montreal has introduced its BMO CashTrack Insight – an artificial intelligence (AI) driven capability that identifies potential cash shortfalls and helps customers better manage upcoming expenses. [Read more…] about BMO Launches New AI Tool CashTrack Insight
Canadians can now turn to challenger bank KOHO to help pay expenses on time and avoid fees and interest.
KOHO launched an Early Payroll feature today to their entire user base, which provides users free access to $100 of their paycheque 3 days before the scheduled payday. [Read more…] about KOHO Launches Free Early Payroll Feature
Montreal’s Flinks has closed an $11 million Series A financing round to fuel the company’s growth in data connectivity and digitization in the financial services industry. [Read more…] about Flinks Raises $16 Million To Accelerate Digitization Of The Financial Services Industry
Toronto-based challenger bank STACK has been acquired by San Francisco’s Credit Sesame. [Read more…] about STACK Acquired by Credit Sesame
Toronto-based fintech KOHO has added the support of Google Pay to their no-fee banking app. [Read more…] about KOHO Launches Support of Google Pay
Toronto’s Sensibill has partnered with Chase to provide the bank with its digital receipt management solution, making it easier and quicker than ever before for Chase customers to make returns, submit warranties and expenses, track spending and manage their financial health. [Read more…] about Sensibill Partners with Chase for Digital Receipt Management
KOHO is piloting a new Early Payroll feature that will help those under financial strain pay their bills and make ends meet. [Read more…] about KOHO Gives Canadians Early Access To CERB Benefits