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Weekly Wrap explores lessons learned from Canadian earnings week
Banks turn to the cloud to build new services, leverage infrastructure. In this week’s podcast the Bank Automation News editors discuss the technology lessons that can be gleaned from this week’s earnings calls from the “Big Six” Canadian banks. The Royal Bank of Canada, Scotiabank, National Bank of Canada, Bank of Montreal and the Canadian Imperial Bank of Commerce reported earnings. Technology-related announcements played a key role in the calls, with automation, cloud and products that offer personalized financial advice platforms being a focus for the banks.
3 fintechs partner on distributed access to tax refunds
With some $350 billion in U.S. tax refunds given each year, three fintechs have teamed up for Tax Refund Unlock, a new service that offers consumers ongoing, incremental access to the money they would normally receive as a single payment after filing their annual tax returns.