Coffee information sessions are timely deliveries of the latest ITWC titles, interviews and podcasts. today Coffee briefing is delivered by IT World Canada reporter Pragya Sehgal, with files from the rest of the editorial team!
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What’s new this week
Interac acquires exclusive rights to SecureKey’s digital ID services for Canada
Interac announced that it has entered into a strategic transaction to acquire the exclusive rights to SecureKey Technologies Canadian digital ID commercial contracts and an exclusive Canadian license to its digital ID intellectual property. This transaction follows the acquisition of Canadian digital identity and cybersecurity firm 2Keys by Interac in 2019.
The transaction includes Verified.Me, a digital identity verification network based on distributed ledger technology, and Government Sign-In by Verified.Me (formerly known as SecureKey Concierge), a sign-in tool for ” access more than 280 government services in Canada.
Using SecureKey operations and technology, Interac says it will focus on creating secure digital identification and authentication services to boost Canada’s digital economy and enable priority initiatives in the country such as modernization banking services and open payments.
Square Launches Another Financial Offer For Canadian Small Businesses
California Financial Services and Digital Payments Company Square announced last week the launch of Square card in Canada to help small businesses manage their cash flow.
- Square Card is a business spending card that gives sellers instant access to the money they processed through Square at no additional cost.
- As soon as a business makes a sale, funds become available in their Square Balance and can be spent instantly with their Square Card.
- For those who prefer to use an external bank account, Square now also offers small businesses the ability to make real-time transfers of their funds with instant transfers by linking their debit card to their Square account.
This is the second product Square launched for Canadian SMEs in the past month. Square Register, an all-in-one payment and point-of-sale (POS) device for medium to large businesses.
Scotiabank chooses Google Cloud as its preferred cloud provider for data and analytics
Scotiabank announced last week that it will move customer data to Google Cloud, using its advanced analytics and artificial intelligence (AI) capabilities to develop predictive offerings, improve customer interactions and remove data silos on its global network.
By using Google Cloud’s machine learning models, Scotiabank will be able to reduce the time spent forecasting customer offers from 14 days to just hours. Through this partnership, the financial institution will also be able to provide its engineers and data scientists with AI solutions from Google such as natural language processing, voice and vision capabilities to automate document processes and customer integration.
Telus launches reconciliation pledge
Telus has announced the launch of its Commitment to reconciliation in partnership with and in support of the Indigenous peoples of Canada.
In formalizing its commitment to reconciliation with Indigenous peoples today, Telus has indicated that it takes responsibility for constructive and measurable actions across the organization and its culture in support of reconciliation. The telecommunications company says it will dedicate 2021 to engaging with Indigenous leaders, elders and communities in the regions it serves, which will inform the development and implementation of its first plan to Indigenous Reconciliation Action (IRAP) later this year.
deepwatch launches managed detection and response solution to help midsize businesses defend against cyber threats
advanced US based Managed Response and Detection (MDR) security firm deepwatch announced last week the launch of an MDR solution to help midsize businesses detect and defend against threats.
Called MDR Essentials, the solution uses Splunk Cloud Platform to enable organizations to deploy an automated Security Operations Center (SOC) in under an hour that integrates into the existing environment without requiring additional hardware or consulting. . The solution ingests data from Microsoft technologies as well as the majority of other technologies used by midsize businesses to enable immediate detection and response coverage, the company noted. The solution will be available on the AWS Marketplace and through deepwatch’s extensive network of reseller partners.
More to explore
Many Canadian companies bow to ransomware demands, survey finds
Many Canadian organizations affected by ransomware believe they have no choice but to pay to recover stolen data or to have their data decrypted, a new survey suggests.
Facebook, Instagram, WhatsApp offline in much of the world
There was immediate speculation online that the outage was somehow related to news in the last 24 hours of a whistleblower alleging 60 minutes that Facebook’s own research shows they amplify hatred, misinformation and political unrest to maximize profits rather than the public good.
FinTech Stripe on a hiring wave to fill its first Canadian office in Toronto
San Francisco-based fintech company Stripe has announced it will soon be opening its first downtown Canadian office Toronto, Ontario, and is recruiting for positions in Engineering, Product Development and Sales.
Twitter looks to the future with new features
Twitter has announced several experimental features to make the platform more user-friendly for everyone.
Channel bytes October 1, 2021 – partner summit time; old versions of Outlook to block; test as a service; and more
Staying informed is a constant challenge. There is so much to do and so little time. But we’ve got you covered. Grab a coffee and grab five while you munch on this news.
ICYMI: Analytics Unleashed 2021 event summary: companies need to have data analytics on the frontlines
The most recent ITWC event, Analysis unleashed, focused on the importance of predictive analytics in helping organizations around the world unlock the real potential of data analytics.
Are you eligible for Intuit’s new corporate venture capital program?
Intuit last week announced the launch of Intuit Ventures, a new venture capital (VC) program for businesses aimed at accelerating innovation for growing tech startups and fintechs.
Listen to the latest episode of Hashtag Trending
Apple is raking in the big bucks from its games, Google Pay is dropping a long-awaited feature, and New Zealand could enter the Crypto Game.
Listen to the latest episode of Cyber Security Today
This podcast reports on an upcoming meeting of nations to fight cyberattacks, why using multi-factor authentication and password recovery the right way is vital and more.
Listen to the latest episode of Hashtag Tendances (hosted by Direction Informatique)