Analysis of News relating to the Digital Money Ecosystem

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Analysis of News relating to the Digital Money Ecosystem

CIBC to cut ties with President's Choice, unveils own digital bank - The Globe and Mail

16/08/2017 Link to source

CIBC to cut ties with President's Choice, unveils own digital bank Canadian Imperial Bank of Commerce is severing a nearly 20-year relationship with President's Choice Bank and launching a new branchless banking brand called Simplii Financial. Canada's fifth largest bank by assets will move roughly two million ... and more »

Context

https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/icons/cibc.pngCanadian Imperial Bank of Commerce (CIBC)
CIBC is a leading Canadian-based financial institution.
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/icons/canada.gifCanada
Canada is a North American country consisting of ten provinces and three territories. It is located in the northern part of the continent and extends from the Atlantic to the Pacific and northward into the Arctic Ocean.
Globe
Globe is a Mobile Operator in World
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/framework/branchlessbanking.pngBranchless Banking
Branchless Banking (BB) services is the category we use to describe services where banks/Fis leverage non-banks and technology to provide account opening, cash services and alternate financial services.
North America
The United States of America and Canada
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/icons/cibccanada.pngCanadian Imperial Bank of Commerce - Canada (CIBC)
CIBC is a leading Canadian-based financial institutionoffering retail and business banking, wealth management and wholesale banking.
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/icons/cibc.pngCanadian Imperial Bank of Commerce (CIBC)
CIBC is a leading Canadian-based financial institution.
Imperial Bank Ltd
Imperial Bank Ltd is a bank operating in Kenya
Globe
Globe is a mobile operator operating globally.
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/icons/cibcrogers.pngCIBC Mobile Wallet
CIBC in partnership with Rogers Communications launched a joint mobile payment solution in Canada in November 2012, allowing Canadians to pay for small ticket items with their CIBC credit card
https://shiftthought.s3.eu-west-2.amazonaws.com/spaces/digital-money/images/stdefault.pngBranchless Banking
These are initiative to utilise new technology and non-banks in order to extend the reach and provide banking services to the unbanked and underbanked.

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