Canada is witnessing an increasing interest in Islamic finance, particularly in areas like housing finance, mortgage finance, and takaful (Islamic insurance) products. Some small level Islamic finance institutions in the Canadian market are offering the financial services that adhere to Sharia principles.

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automation on a single platform, is offering new generative AI tools to help financial institutions drive efficiency and improve the customer experience in a safe, secure way.

Today being impacted by a cybersecurity incident is almost inevitable and it is not a question of if, or even when, but how often an organisation will be attacked. According to Veeam’s 2023 Data Protection Trends Report, which surveyed 4,200 business and IT leaders on their IT and data protection strategies and plans, 85% of organizations said they have had at least one ransomware attack in the last 12 months and 79% of respondents said they have a protection gap.

Scality, a global leader in reliable, secure and sustainable data storage software, announced today that it has been named by Gartner® as a Leader in the 2023 Magic Quadrant™ for Distributed File Systems and Object Storage, marking the eighth year in a row the company has received this recognition.

Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named a finalist in the “Credit Risk Solution” category for the 2023 Credit & Collections Technology Awards.

Winners will be unveiled Nov. 23 during an awards ceremony at The Midland Hotel in Manchester, England.

Accelex, a leading provider of AI automation for private markets data acquisition, reporting and analytics, announced today it has closed a $15 million Series A funding round led by FactSet, a global financial digital platform and enterprise solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.

Funding Societies, the largest unified digital finance platform in Southeast Asia, today announced that it has raised US$7.5 million in debt from Norfund, a Development Financial Institution (DFI), which operates an investment fund owned by the Norwegian government for developing countries. This is the first debt transaction by Norfund with a FinTech SME lender in Southeast Asia.

Payments Canada, the organization re

Pay with Bank transfer, powered by American Express, announces it has selected Nuvei Corporation, the Canadian fintech company, as its first acquirer authorised to promote and sell PwBt’s Open Banking-enabled payment method.