ATB Financial

mCloud Amends Existing Credit Facility with Addition of C$5 Million Accordion

Friday, November 26, 2021 - 12:04am

The ATB credit facility is a C$5,000,000 margined, demand operating loan facility.

Key Points: 
  • The ATB credit facility is a C$5,000,000 margined, demand operating loan facility.
  • This facility is available to pay out in full all indebtedness and liability owing to another financial institution, and thereafter, for the general corporate purposes of the Company.
  • As part of the amendment, ATB is providing an additional C$5,000,000 via an accordion, subject to lender consent.
  • Through mCloud's AI-powered AssetCare platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.

Moving forward: ATB Financial's forecast for Alberta's economy in 2022

Thursday, November 25, 2021 - 2:30pm

Alberta's real GDP is expected to rebound by 6.3% in 2021 followed by growth of 4.0% in 2022 and 2.5% in 2023.

Key Points: 
  • Alberta's real GDP is expected to rebound by 6.3% in 2021 followed by growth of 4.0% in 2022 and 2.5% in 2023.
  • "Alberta lost the most economic ground of any province in 2020,'' said Todd Hirsch, vice president and chief economist at ATB Financial.
  • With the current high oil and natural gas prices, historically a boom in the economy would be expected.
  • As a result, we are anticipating only a modest rise in oil and gas capital expenditures in 2022 and 2023.

New report: Indigenous contributions to Alberta's economy significant but plenty of room for growth

Tuesday, November 23, 2021 - 3:00pm

Clayton Norris, MNP's Vice President of Indigenous Services, says the report demonstrates the significant economic contribution of Indigenous Peoples in Alberta and aims to quantify those contributions and understand the potential for growth in the pursuit of parity.

Key Points: 
  • Clayton Norris, MNP's Vice President of Indigenous Services, says the report demonstrates the significant economic contribution of Indigenous Peoples in Alberta and aims to quantify those contributions and understand the potential for growth in the pursuit of parity.
  • "The economy will really take off when employment and income levels of Indigenous Peoples are at the same levels as other Albertans, which could be achieved by continued investments in education, health, infrastructure and business partnerships," said Norris.
  • "This report seeks to bring the facts to the discussion about the current contribution of the Indigenous economy, " said Jon Horsman, ATB Financial's Senior Executive Vice President, Business.
  • It requires us all to be mindful and purposeful in advancing reconciliation and Indigenous inclusion in business and the economy."

Everyday People Financial Inc. Increases Operating Loan Facility to $10M

Monday, November 22, 2021 - 12:55pm

Edmonton, Alberta--(Newsfile Corp. - November 22, 2021) - Everyday People Financial Inc. ("EP" or the "Company") is pleased to announce today that it has executed an increase in the operating revolving loan facility secured by ATB Financial ("ATB Financial") from $4 million to $10 million.

Key Points: 
  • Edmonton, Alberta--(Newsfile Corp. - November 22, 2021) - Everyday People Financial Inc. ("EP" or the "Company") is pleased to announce today that it has executed an increase in the operating revolving loan facility secured by ATB Financial ("ATB Financial") from $4 million to $10 million.
  • The additional capital provides the Company with flexibility to further execute on one of the Company's main pillars, the EP Homes Program.
  • EP Homes is a division of EP and offers a unique Bridge to Own home purchasing program.
  • For more information on Everyday People Financial Inc., visit www.epfinancial.com and www.ephomes.ca .

ATBIM recognized at the 2021 Lipper Awards for excellence in investment fund management

Wednesday, November 17, 2021 - 7:11pm

About ATB Investment Management Inc.

Key Points: 
  • About ATB Investment Management Inc.
    ATB Investment Management Inc. manages the Compass Portfolios and ATBIS Pools, and is the asset management division for ATB Financial.
  • The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
  • The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award.
  • The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award.

White Paper: Gen Z And Millennial Perspectives On Emerging Trends In Banking And Finance

Wednesday, October 13, 2021 - 3:00pm

Generational Differences in Banking Habits:Only 47% of Gen Z respondents claimed to have an account with a traditional bank, credit union, neobank or technology company.

Key Points: 
  • Generational Differences in Banking Habits:Only 47% of Gen Z respondents claimed to have an account with a traditional bank, credit union, neobank or technology company.
  • Attitudes Toward Financial Apps: More than 80% of Gen Z and millenials are using a money transfer app.
  • Among Gen Z and millenials, "rates, products, services and special offers" was the second-most-important category.
  • Approximately 40% of the responses come from the Gen Z segment, 40% from the millennial segment, and 20% from the baby boomer segment.

Mark Ripplinger Elected to Fintainium's Board of Directors

Tuesday, October 12, 2021 - 2:25pm

JACKSONVILLE, Fla. and TORONTO, Oct. 12, 2021 /PRNewswire/ -- Fintainium today announced that Mark Ripplinger, President & CEO of Everlink Payment Services for the past 14 years, has been elected to Fintainium's board of directors.

Key Points: 
  • JACKSONVILLE, Fla. and TORONTO, Oct. 12, 2021 /PRNewswire/ -- Fintainium today announced that Mark Ripplinger, President & CEO of Everlink Payment Services for the past 14 years, has been elected to Fintainium's board of directors.
  • Mark Ripplinger, seasoned fintech executive, joins the board of Fintainium--a fast-growing fintech.
  • In addition to his role on the Board of Directors at Fintainium, Mark will continue to serve as a board member of two other organizations: PayTechs of Canada and Cooperative Development Foundation of Canada.
  • "After a thorough and fruitful search, I couldn't be more confident in the positive impact Mark will have on our board and Fintainium as a whole."

Innovate Edmonton Funds, Launches and Lands Accelerators, Benefiting Edmonton Tech Companies  

Thursday, September 23, 2021 - 5:58pm

Quotes “Innovation is a team game and accelerators bring people together to create global opportunities, open international sales channels, boost significant investment and position Edmonton’s entrepreneurs on the world stage. Together we are ensuring that our high-potential companies have the end-to-end supports that they need for growth -- from concept to commercialization and from pitching to closing -- as they prepare to collaborate and compete in today’s impact economy.”  

Key Points: 
  • They will also contribute to Edmontonsdowntown vibrancy,with workspaces andcollaborationhubsdrawinginnovators and businesses back to the downtown core.Acceleratorswill augment existing business training delivered by Startup Edmonton and Scaleup Edmonton, program divisions of Innovate Edmonton.
  • The quality andcalibreof the companies being developed will attract companies from around the world who recognize the excellent opportunities that are emerging in Alberta.
  • Headquartered in Alberta's capital city, Innovate Edmonton leverages,unitesand promotes home-grown innovation as a gateway to solving the worlds most pressing problems.
  • We harness the power of the public and private sectors, ground-breaking academicresearchand purpose-driven investment to build a shared prosperity and open international markets.From sustainable climate solutionsto public health and digital education, Edmonton is a leading globalcentrefor inspiration, ingenuity and inclusion.Learn moreabout Innovate Edmonton and Startup Edmonton , a division of Innovate Edmonton.

Unique business accelerator to grow tech-based ventures that improve community safety and wellness

Thursday, September 23, 2021 - 4:55pm

This accelerator will leverage technology, data, artificial intelligence/machine learning to devise and deploy workable community safety and wellness solutions.

Key Points: 
  • This accelerator will leverage technology, data, artificial intelligence/machine learning to devise and deploy workable community safety and wellness solutions.
  • A group of Alberta investors will form a fund to invest in ventures coming through the accelerator.
  • Participating companies will be selected accordingly to the criteria set by the Community Safety and Wellness Accelerator with their service delivery partner, Alchemist Accelerator.
  • Also, ventures from around the world can come here to help further their business through an accelerator offering a unique opportunity in the social space.

 Neo Financial announces $64 million Series B raise to accelerate growth

Wednesday, September 15, 2021 - 11:00am

Neo Financial (Neo), a financial technology company created by two of the co-founders of SkipTheDishes, today announced their $64 million Series B fundraising round.

Key Points: 
  • Neo Financial (Neo), a financial technology company created by two of the co-founders of SkipTheDishes, today announced their $64 million Series B fundraising round.
  • This brings Neos total funding to $114 million CAD, with Valar Ventures leading both Series A and B rounds.
  • This raise is validation of not only the problem Neo is tackling, but our team's ability to solve it, says Neo co-founder and CEO, Andrew Chau.
  • For more information on Neo, visit NeoFinancial.com
    Neo Financial (Neo) is a technology company working hard to build a better financial experience for all Canadians.