Canada’s five largest financial institutions have cracked the 2026 edition of the the Evident AI Index for Banks. [Read more…] about Canadian Banks Rank High for ‘AI Maturity’ as Deployment Accelerates
Big Five
Follow the latest fintech news from Canada’s Big Five Banks: RBC, TD, Scotiabank, BMO, and CIBC. Explore their investments, partnerships, product launches, leadership moves, and evolving use of artificial intelligence and other financial technologies.
BMO, CIBC Join Project Agorá to ‘Shape Future of Cross-Border Payments’
Two of Canada’s biggest banks are joining Project Agorá. [Read more…] about BMO, CIBC Join Project Agorá to ‘Shape Future of Cross-Border Payments’
Canada’s Big Six Banks Agree to Collab on Dollar-Based ‘Digital Money Solution’
Six of the largest banks in Canada revealed this week that they are jointly exploring the development of Canadian dollar based digital money solutions. [Read more…] about Canada’s Big Six Banks Agree to Collab on Dollar-Based ‘Digital Money Solution’
Mydoh Helps 300,000 Young Canadians Develop Money Management Skills
Since 2021, Mydoh has helped teenagers in Canada make smarter choices around money. [Read more…] about Mydoh Helps 300,000 Young Canadians Develop Money Management Skills
RBC and BMO Are Selling Moneris. Helcim’s $53-Million Raise Shows Another Path.
The news that Moneris is being acquired has triggered a familiar Canadian refrain: outrage after a strategic asset is headed south. [Read more…] about RBC and BMO Are Selling Moneris. Helcim’s $53-Million Raise Shows Another Path.
Scotiabank Taps TD AI Chief Luke Gee for New Enterprise Role
Scotiabank has recruited one of TD Bank Group’s top artificial intelligence executives to lead its expanding data and AI strategy. [Read more…] about Scotiabank Taps TD AI Chief Luke Gee for New Enterprise Role
RBC Garners Accolade for Modernizing Retail Credit Underwriting with AI Tech
Following success at Digital Banker’s Global Transaction Banking Innovation Awards, the Royal Bank of Canada was recently recognized by the 2026 IDC CIO Awards. [Read more…] about RBC Garners Accolade for Modernizing Retail Credit Underwriting with AI Tech
RBC and BMO Agree to Sell Moneris Solutions to Francisco Partners for $2B
Last year, Moneris Solutions purportedly went up for sale with a $2 billion price tag.
Months following, the name of a potential buyer was whispered.
That educated speculation has now come to fruition. [Read more…] about RBC and BMO Agree to Sell Moneris Solutions to Francisco Partners for $2B
TD Taps Atomic to Power Canada-First Direct Deposit Feature for Mobile App
The Toronto-Dominion Bank has unveiled a “first among Canada’s financial institutions.”
TD this week launched a mobile-first experience dubbed “Digital Direct Deposit” to help clients set up or switch payroll deposits more easily and quickly than ever before. [Read more…] about TD Taps Atomic to Power Canada-First Direct Deposit Feature for Mobile App
Scotiabank Adds Suite of ‘Knowledge Agents’ to Bolster Enterprise AI Platform
Scotiabank is expanding enterprise resources with the launch of new “knowledge agents.”
Fresh off an award win, the major Canadian bank is launching the agents through Scotia Intelligence, the company’s unified approach to data and AI. [Read more…] about Scotiabank Adds Suite of ‘Knowledge Agents’ to Bolster Enterprise AI Platform