Despite the digital transformation going on around us, the methods of proving our identity remain locked in a traditional physical mode, with paper or plastic documents, and the reliance on these traditional modes of proving identification and authentication is becoming a significant barrier to innovation. Therefore, creating a digital identity and authentication method that is […]

When making purchases or carrying out daily banking tasks, consumers (individuals and small businesses) generate a stream of information based on their transactions. This financial transaction data is currently held and controlled by individual financial institutions. Open banking is a framework where consumers and businesses can authorize third party financial service providers to access their […]

During the past two decades in Canada, use of electronic payment has steadily increased. However, despite the downward trend in the volume, the value of cheques has steadily increased, with the five-year average volume growth increasing by about 2% due in large part to their common presence in the business-to-business space. These trends indicate that […]