May 16, 2020

FinTech Profile: Canadian challenger bank Tangerine

Challenger Banks
Monzo
Tide
N26
Amber Donovan-Stevens
2 min


FinTech magazine continues to run profiles on the most prominent challenger banks of 2019. Here, we take a look at Canadian challenger bank, Tangerine...

Tangerine can be integrated with Apple Pay, Google Pay, and Samsung Pay

FinTech magazine continues to run profiles on the most prominent challenger banks of 2019. Here, we take a look at Canadian challenger bank, Tangerine. 

History 

Tangerine Bank, a subsidiary of ScotiaBank (the third-largest financial institution in Canada), was acquired in 2012, making it one of the oldest digital banks to reach prominence in the last few years. With the backing of a larger bank, Tangerine offers users a wider range of services than the traditionally specialised offerings from independent banks. 

Five key features of Tangerine:

 

  1. Smooth wallet integration: Tangerine Client Card and Money-Back Credit Card can be added to a customer’s  Apple Pay, Google Pay, and Samsung Pay mobile wallets to be used where contactless payments are accepted.

  2. High interest savings and free chequing: Tangerine's savings account comes in several variations: a regular savings account, RRSP and TFSA versions, RIF accounts and a US$ account. Its Chequing account offers interest from the first dollar submitted into the account onwards.

  3. Easy deposit of cheques: Instead of going to a bank, cheques can be submitted by taking a picture within the section on the app called “Cheque-in”.

  4. Access to ABM: Tangerine clients receive free access to Scotiabank's 3,500+ location ABM network. The Tangerine website also provides a search engine on where to find these locations. 

SEE MORE:

  1. MoneyBack credit card: This credit card offers 2% back on two of the following categories: groceries, dining, furniture, accommodation, fuel, medication, recurring bills, entertainment and transport. 

It should be noted that Tangerine takes a fee of $1 for e-transactions, while many other companies such as Monzo, Starling and N26 do not. 

Did you know? 
Tangerine has cafe locations across Canada in Downtown Toronto, Toronto North, Vancouver, Montreal and Calgary, where customers can go and speak to specialists with any queries or issues.

For more information on all topics for FinTech, please take a look at the latest edition of FinTech magazine.

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Jun 24, 2021

Citizens Bank and Bizagi webinar: Meet the speakers

CitizensBank
DigitalTransformation
BluePrism
Bizagi
Bizclik Editor
2 min
In Citizens Bank’s upcoming webinar, the company will discuss how digital transformation has enhanced critical banking processes
In Citizens Bank’s upcoming webinar, the company will discuss how digital transformation has enhanced critical banking processes...

In Citizens Bank’s upcoming webinar, the company will discuss how digital transformation has enhanced critical banking processes.

There’s still time to sign up to the event - ‘How Citizens Bank digitally transformed credit card fraud and claims processes’ - which will be held on 7 July at 3pm BST. Register here.

Having provided an overview of the webinar and the themes to be discussed, we’d now like to properly introduce the speakers: Tom Dixon, Senior VP at Citizens Bank; Marlando Rhule, Professional Services Director at Bizagi; and Darshan Jain, Senior Director at Blue Prism.

Now in his tenth year at Citizens Bank, Dixon heads up the company’s Consumer Banks Intelligent Automation initiatives. Prior to joining, he held previous roles in finance as a COO and a consultant. Dixon also held the rank of Sergeant in the US Army.

 

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Rhule has had a diverse career that include roles at Nike, FedEx, the US HSS, and more, however a common thread has been his skilled application of technology. 

Holding Masters degrees in both IT Systems Management and Project Management (both from Keller Graduate School of Management), Rhule joined Bizagi in 2019. As such, he seems to be a natural asset for the company’s mission of creating synergy between businesses and IT.  

 

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Finally, Jain joined Blue Prism in 2020. He held a variety of executive positions throughout a long and impressive career. In addition to working at Blue Prism, Jain is also an incumbent Instructor in Intelligent Automation at the University of Toronto. 

Jain’s value to Blue Prism is obvious: the company is positioning itself as a leader in intelligent automation, unlocking opportunities for operational efficiency for over 1,800 businesses across 150 countries. 

 

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Don’t miss your chance to gain industry-leading insights. Register for the webinar now.

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