Israeli Solutions for Canadian Banking



By: ORIT ALON  
Published: November 19th 2010
in Economics » Local

Participants at Banking on Israeli IT Conference
Participants at Banking on Israeli IT Conference
Jonathan Levy

From the company’s experience, there is a tendency among high tech companies to group the Canadian market with the U.S. market, particularly among Israeli companies. But reality, according to Harif, is more complex. “In Canada the market is smaller and the competition in the financial sector, as well as in other sectors, takes on another characteristic. The activity rate in Canada is slower and even culturally, the mannerisms that accompany the business dialogue are different. Canadian companies in general tend to wait and follow the U.S. market in regards to the implementation of advanced technologies.”

 

In regards to the conference, Harif said that the initiative allows Israeli companies like WorkLight to strengthen ties with senior officials in Canada’s leading financial organizations. “We truly believe that the exposure to advanced Israeli technology by leading companies in Canada not only strengthens business ties but also positively influences the relationship between the two countries. The meetings we conducted at the conference may lead to business opportunities which are valuable for the company’s continued growth.

 

Among the speakers in the conference were the Honourable Glen Murray, Minister of Research & Innovation, Dr. Ann Cavoukian, Information & Privacy Commissioner of Ontario, John Fursey, Leader for Financial Services Sector of Global Business Services of IBM Canada and Charles Sirois, Founding Partner of Tandem Expansion Fund.

Related articles: (IT, banks, Israel, Canada)




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