Fintech PR
New free digital banking service puts dollars back in the pockets of Canadian shoppers
Just in time for the holiday season, Price Drop is rolling out across the country for new and existing motusbank and Meridian Members. Price Drop promises to put real dollars back in the pockets of Canadian shoppers by automating the traditionally time-consuming process of price matching for retail purchases. The free digital banking service is the first of its kind offered by a financial institution.
“We’re excited by how easy and convenient it is to use Price Drop, not to mention the savings it offers, especially at a time of year when shoppers are looking for the best deals,” says David Baldarelli, COO of motusbank and SVP of Digital Banking & Analytics at Meridian. “We’re especially delighted that we can now extend this free value-add feature to more Canadians to offer a solution that eliminates stress and hassle in their every-day lives.”
While 150 of the top retail chains in Canada offer price matching, research shows that only five to eight per cent of shoppers take advantage of these price-matching guarantees. Many shoppers don’t know they exist while others are put off by the legwork involved in price-matching manually, on their own.
HOW PRICE DROP WORKS
The Price Drop feature is available – with no obligation or cost – to new and existing motusbank and Meridian Members by simply downloading the mobile banking app they use and opting in for the service. Price Drop automates the process in three easy steps:
- After making a purchase, users simply snap a photo of the receipt of the item (if bought in-store) or obtain the digital receipt (if bought on-line) and send to Price Drop via email;
- Price Drop then searches for better prices on electronics, furniture, toys, apparel, and other eligible items from price-matching retailers;
- Price Drop will send an email or in-app notification if it finds a better price. It will also provide proof required to claim the difference in cost from the retailer.
There is no limit to the number of receipts that can be submitted or refunds received.
PROVEN PRICE DROP SAVINGS
We worked with Winnipeg-based fintech company PriceRazzi in helping to develop and test the digital service. More than 2000 Price Drop users participated in the successful pilot phase, revealing that:
- 52% of people who submitted eligible receipts saved money through Price Drop
- 23% of users who saved money by using Price Drop saved 30% or more on their purchase
- Savings ranged from $2 – $500 for purchases for small household products to big screen TVs
- The average saving per purchase through Price Drop was $25
“Consumers never have to waste another second searching for lower prices again,” says Baldarelli. “We invite all Canadians to have a chance to save money and experience the fresh approach to banking we make available to Members. We see the introduction of this service as yet another example of how we constantly focus on helping Canadians live simpler, easier lives.”
To learn more about this value-add feature and find out how to save dollars, visit motusbank or Meridian.
SOURCE Meridian Credit Union
DUBLIN, March 26, 2025 /PRNewswire/ — Today, Canada Life Reinsurance announced the upcoming retirement of Gabriel Kelly, a cornerstone of the company’s success for over three decades. After 33 remarkable years, Gabriel leaves a legacy of resilience, leadership, and growth.
Mr. Kelly has served as the CEO of LLCBC in Barbados for the past 19 years, and before that was a senior officer in the company’s Dublin office. His determination and vision were instrumental in guiding the P&C business through difficult times in the early 2000s, contributing to the company’s robust catastrophe retro business and growing structured P&C portfolio. Known for his experience, candour, and humour, he will be deeply missed by colleagues and clients alike.
“We are immensely grateful for Gabriel’s unwavering commitment, dedication, and loyalty,” said Jeff Poulin, CEO of Canada Life Reinsurance. “His leadership has been a driving force behind our success, and we look forward to celebrating his extraordinary career as he approaches retirement.”
“It is an honour to have worked with Gabriel over the past 25 years. I could not be more excited about the prospects for the P&C business and team he has built,” said Derek Popkes, Global COO Reinsurance at Canada Life Reinsurance.
Succeeding Mr. Kelly as leader of the Global P&C Business Unit will be Eamon Loughnane. Mr. Loughnane brings a proven track record of excellence, having transformed the company’s Life reinsurance business in Europe. Known for his ability to deliver results, Mr. Loughnane has built a strong framework for developing, assessing, and executing new and innovative structures, positioning him as the ideal successor to Mr. Kelly.
“I couldn’t be more pleased to have Eamon take on this new role,” said Poulin. “I have every confidence he will continue to build on our success and capitalize on the opportunities we have before us.”
Mr. Kelly will continue to oversee the P&C business until March 30, 2025, and spend the following three months supporting a seamless transition.
About Canada Life Reinsurance
Canada Life Reinsurance offers a range of innovative risk and capital management solutions covering mortality, longevity, health and lapse risks for insurers, reinsurers and pension funds across the U.S., Europe, Middle East and Asia. Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc. To learn more, visit canadalifere.com.
About Great-West Lifeco Inc.
Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. We operate in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. Together we provide wealth, retirement, workplace benefits and insurance and risk solutions to our over 40 million customer relationships. As of December 31, 2024, Great-West Lifeco’s assets under administration exceeded $3.2 trillion. Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies. To learn more, visit greatwestlifeco.com.
For more information, please contact: Jeff Poulin, CEO, Canada Life Reinsurance, jeff.poulin@canadalifere.com
View original content:https://www.prnewswire.co.uk/news-releases/canada-life-reinsurance-announces-new-leader-of-global-pc-business-unit-302412160.html
Fintech PR
GEP PLACED IN THE LEADERS QUADRANT IN GARTNER® 2025 MAGIC QUADRANT™ FOR SOURCE-TO-PAY SUITES
- Gartner recognizes GEP as a Leader based on its ‘Completeness of Vision’ and ‘Ability to Execute’
CLARK, N.J., March 26, 2025 /PRNewswire/ — GEP®, a leading provider of AI-powered procurement and supply chain software for Fortune 500 and Global 2000 enterprises worldwide, today announced that Gartner has positioned GEP SOFTWARE as a Leader in the 2025 Magic Quadrant for Source-to-Pay (S2P) Suites. This evaluation was based on specific criteria analyzing the company’s overall “Completeness of Vision” and “Ability to Execute.” Click HERE to download your complimentary copy of 2025 Gartner Magic Quadrant for S2P Suites and learn more about why GEP is named a Leader.
“We believe, Gartner recognizing us as a Leader in this year’s Magic Quadrant underscores the transformative impact of our AI solutions in simplifying our customers’ procurement and supply chain operations, since transactions are increasingly executed by non-procurement users,” said Santosh Nair, GEP’s chief product officer. “With GEP Quantum™ we are pushing the boundaries of AI-driven automation and intelligence, empowering enterprises to drive efficiency, resilience, and strategic value at scale.”
GEP SOFTWARE encompasses GEP SMART™, named the world’s best procurement software for the second year in a row, GEP NEXXE™, the next-generation cloud-native supply chain unified platform, and GEP GREEN™ to measure and advance sustainability. GEP SOFTWARE is powered by GEP QUANTUM™, the industry’s leading AI-first, low-code platform.
A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries, and Niche Players. The research enables businesses to align market analysis with their unique business and technology needs.
About GEP SOFTWARE™
GEP SOFTWARE provides AI-powered digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable. With beautifully rendered interfaces and flexible workflows, GEP provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity. GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology. GEP’s software integrates quickly and easily with third-party and legacy systems, such as SAP, Oracle and all other major ERP and F&A software. And with superb support and service, GEP is an industry leader in customer satisfaction and loyalty. GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Forrester, IDC, Procurement Leaders and Spend Matters. GEP SOFTWARE is part of Clark, NJ-based GEP — the world’s leading provider of AI-powered procurement and supply chain software, strategy and managed services. To learn more, visit www.gepsoftware.com.
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Gartner disclaimer
Gartner Magic Quadrant for Source-to-Pay Suites, 24 March 2025
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. |
Media Contact
Derek Creevey
Director, Public Relations
GEP
Phone: +1 732-382-6565
Email: derek.creevey@gep.com
Photo – https://mma.prnewswire.com/media/2649693/GEP.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/gep-placed-in-the-leaders-quadrant-in-gartner-2025-magic-quadrant-for-source-to-pay-suites-302410965.html
“Riding the Regulatory Wave” Offers Strategic Insights and Practical Tools to Help Compliance Teams Navigate Evolving Global Mandates
ROCKVILLE, Md., March 26, 2025 /PRNewswire/ — StarCompliance (“Star”), a global leader in employee compliance technology, has released an updated edition of its flagship guide, Riding the Regulatory Wave: A Guide to Navigating the Currents of Employee Compliance. This updated resource underscores Star’s ongoing commitment to supporting the global compliance community with forward-looking insights and helping organizations build resilient, tech-driven compliance programs.
Managing the unrelenting pace and increasing complexity of regulations is the top concern among compliance professionals – but many compliance teams are stretched thin and struggle to keep up. According to a recent Compliance Week and Resolver survey, nearly a third of respondents (32%) said managing regulatory change effectively was their biggest challenge.
As enterprise firms expand globally and enforcement intensifies, understanding regulatory mandates and how they evolve in every region of the world is essential to staying compliant. However, according to the 2024 Thomson Reuters report, while 77% of compliance leaders expect the regulatory burden to grow, only 34% feel well-prepared to manage the changes.
“The shifting regulatory landscape demands smarter tools, deeper insights, and ongoing education,” said Jennifer Sun, CEO at StarCompliance. “Employee compliance teams need more than awareness—they need a plan. This updated guide is both a roadmap and a toolkit to help firms stay ahead of global regulatory demands with confidence.”
The guide explores five pivotal areas:
- Diverging global crypto regulations
- Heightened enforcement of insider and shadow trading
- Expansion of individual accountability regimes
- Emerging risks tied to remote and hybrid work models
- The growing need for technology-driven compliance solutions
Star remains deeply committed to listening to the needs of the global regulatory compliance community—developing best-in-class solutions that help firms adhere to regulatory obligations, uphold industry protocols, avoid costly fines, and protect brand reputation. By combining continuous feedback from clients, regulators, and industry leaders with world-class product innovation, Star delivers technology that empowers compliance teams to act with confidence in an increasingly high-stakes environment. This free resource is available for download at [LINK].
Visit www.starcompliance.com to discover the comprehensive security and unparalleled assurance you need to build a culture of compliance today.
Media Contact
Greg.tarmin@starcompliance.com
+1 917-868-7791
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View original content:https://www.prnewswire.co.uk/news-releases/starcompliance-supports-compliance-teams-amid-rising-regulatory-demands-302411282.html
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