While many organizations are grappling with how to incorporate artificial intelligence into their investment or back-office processes, the Alberta Investment Management Corp. has found a way to do it that’s scalable and has potential for commercialization. The AIMCo started down this journey because it realized that if it didn’t adopt AI and machine learning, it […]
Canadian venture capital funding continues to rise for the third year in a row, according a report from MoneyTree Canada Over the course of 469 deals in 2019, Canadian VC-backed companies raised US$4.1 billion, representing a 16 per cent rise in capital raised from 2018, but an 11 per cent drop in deal activity. “Canadian […]
Mercer is teaming up with Lift Digital Inc., an artificial intelligence-based fitness and wellness platform, to bring customized, on-demand digital fitness to employers and employees. The Mercer 365 platform, combined with Lift, will provide access to a number of fitness offerings, including customized and automated fitness sessions, access to wellness experts via chat, live online group classes and Lift […]
The Ontario Municipal Employees Retirement System, through OMERS Growth Equity, is leading a $227 million Series-F funding round for intelligent and predictive search technologies provider Coveo. Founded in 2005, Coveo enables organizations to personalize digital experiences for customers, partners and employees. It combines unified search, analytics and machine learning to deliver relevant information and recommendations […]
Manulife Financial Corp. is teaming up with Mila, a Quebec artificial intelligence institute, on health and financial wellness research projects. The partnership will allow the insurer to beef up its AI and advanced analytics capabilities and to “deliver on its commitment to help make decisions easier and lives better,” noted a press release. The collaboration will provide Manulife […]
Traditionally, all finance students had to learn statistics, and, in the future, this will likely shift into finance students requiring machine learning, said John Hull, professor of finance and Maple Financial Group Chair in derivatives and risk management at the University of Toronto’s Rotman School of Management. “It’s not that our students are actually going […]
While employers want workplace cultures that make employees feel good and included, gauging and quantifying that experience can be difficult. Toronto-based company Receptiviti Inc. is aiming to help employers create and maintain “people-first” workplaces that make culture a priority, recognizing it’s a foundational part of organizational health and business performance. To do this, it’s analyzing language across […]
Fintech includes four areas, all of which are changing the financial industry in different ways. These include peer-to-peer financing, robo-advising or systematic asset management, decentralized finance and machine learning and artificial intelligence, said Campbell Harvey, professor of finance at Duke University’s Fuqua School of Business, during a panel at the Northern Finance Association’s conference in […]
The Caisse de dépôt et placement du Québec is one of several investors participating in Element AI’s $200-million Series B funding round,. The Montreal-based company, founded by Jean-François Gagné and artificial intelligence pioneer Yoshua Bengio, develops AI-powered software solutions. To date, the company has raised $340 million. The Caisse’s contribution to the round is part of its newly […]
Sun Life is launching Equinoxe LifeCare’s virtual medical evaluation services to help plan sponsors with disability management. The service allows plan members and their dependants to connect with virtual health-care services and licensed health-care practitioners. It also enables them to consult with medical professionals through secure video or chat via smartphone, tablet or computer. In addition, the service allows plan members to requisition […]