Category: Techvibes

Crawl, Walk, Run: TD Banks on the Microsoft Cloud

Cloud computing is nothing new for the financial sector. Over the last half-decade, the largest banks in North America have been steadily migrating certain parts of their systems to operate in the public cloud through platforms like Microsoft’s Azure, looking to take advantage of hyperscale computing power.

Late last year, Citibank’s global head of bank research Ronit Ghose discussed the idea of large banks moving AI and other platforms to the cloud, saying “the banking industry must react and evolve to not get wiped out by an extinction event such as digital disruption.” He likened banks to black and white televisions—operating on a dated, yet resilient infrastructure that doesn’t look flashy but works well and results in fewer breakdowns and outages than the modern competitors. In the case of banks, these new competitors would be fintechs.

Enterprise companies are typically looking to cloud solutions for a few key reasons, the most important of which is pure computing power. Cloud ..

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Tile Eyes New Verticals with Canadian Expansion

A company designed to help users locate lost items has found themselves a new home in Western Canada.

Tile has announced a new engineering hub in Vancouver, a move that CEO CJ Prober hopes will be able to utilize the region’s rich talent pipeline as well as streamline new partnership opportunities. The new location, led by director of engineering Corey Cotter, will hire around 20 engineers at first, with the opportunity to scale up as the company continues to expand. The location of the new hub has yet to be determined, as Cotter and a handful of new hires are currently working out of a temporary location. Tile’s team currently sits around 100 people, with most employees working in California.

Prober, a Winnipeg native himself, said that this new expansion will focus mainly on building out the core locations platform Tile operates. The company produces Bluetooth devices that can be affixed to belongings when then allows them to be tracked via Tile’s app. There are currently more than..

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Wave’s Wrigley Factory Toronto Residence

Necessity is the mother of invention–it’s a proverb we’ve all heard. For Kirk Simpson, it’s more like annoyance is the mother of disruption.

As the founder of two dot-com companies that helped travelers organize their trips, Simpson constantly found himself running into problems with accounting, invoicing and payroll. There was no straightforward solution to handle it all, especially for someone without a deep background in finances. Simpson took it upon himself to dive head-first into the wild fintech world to solve those problems himself.

In 2010, Simpson and James Lochrie founded Wave with the sole purpose to support other small business owners. The startup began its life in the Toronto Reference Library, huddled around a table logged into the free 3G internet. After taking advantage of nearly-free books and wifi, Simpson and his team moved into the basement of a former Wrigley gum factory built in the early 1900s.

Within its first year, Wave lived up to its name as it surpassed ..

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