Latest Canadian Imperial Bank of Commerce (CIBC) News: Finextra Research

Brief: CIBC migrates branch platform to Windows 2000

Canadian Imperial Bank of Commerce is claiming deployment of the world's first native Windows 2000 server platform for retail branch banking. The implementation was managed by Financial Models Company, which migrated CIBC's Coins server system from a legacy environment to the MS Web solution.

02 May 2001

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CIBC and Sympatico-Lycos launch no-fee online banking

Canadian Internet portal Sympatico-Lycos and CIBC division, Amicus, have launched a new no-fee electronic banking service.

19 April 2001

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CIBC outsources human resource functions to EDS

Canadian Imperial Bank of Commerce is to outsource human resource operations and technology services to EDS Canada in a C$227 million agreement beginning in June 2001.

03 April 2001

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CIBC Internet division licenses SunGard risk suite

Amicus, the newly created Internet banking division of Canadian Imperial Bank of Commerce (CIBC), has licensed a suite of BancWare products from SunGard Trading and Risk Systems to manage interest rate risk and derive market values across its balance sheet and investment portfolio.

28 February 2001

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Brief: CIBC uses Systar to monitor mortgage ops

Canadian Imperial Bank of Commerce (CIBC) is to deploy Systar's BusinessBridge software to measure the performance of its mortgage processing operation across 1200 branches in Canada.

21 February 2001

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CIBC issues digital certificates

Canadian Imperial Bank of Commerce is to issue digital certificates to its online customer base for use in authorising new product applications over the Internet.

19 February 2001

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Canadian banks to enter P2P market

Three major Canadian banks, CIBC, Scotiabank and TD Bank Financial Group have signed a letter of intent with CertaPay Inc. to offer customers the ability to make secure payments using e-mail.

08 February 2001

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CIBC fights online fraud with disposable card numbers

Canadian Imperial Bank of Commerce is to offer cardholders a one-time dispobable Visa number instead of their actual card number for shopping on the Internet.

08 December 2000

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CIBC enters five-year consumer loyalty deal with Advantex

Canadian Imperial Bank of Commerce and Air Canada have entered a five-year deal to develop a series of online customer loyalty programmes in association with consumer marketing firm Advantex Marketing International.

24 November 2000

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CIBC swaps card business for NDC e-commerce stake

Canadian Imperial Bank of Commerce is to sell its merchant card services business to National Data Corp in exchange for a 26.25% equity stake in Global Payments, an e-commerce spin off from NDC.

10 November 2000

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CIBC pilots mobile banking programme

Canadian Imperial Bank of Commerce (CIBC) has teamed up with a host of wireless carriers and technology partners to deliver banking, investment news and personal information services to consumer handheld devices.

06 November 2000

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CIBC taps small business banking market

BizSmart an e-commerce service developed by CIBC and Business Depot/Staples for Canada's two million small business owners has opened with the launch of 11 bizSmart Centres in Business Depot/Staples locations in the Greater Toronto Area.

19 October 2000

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