Organization: TD Bank

Mike Pedersen

The board of directors of the Business Development Bank of Canada (BDC) has a new chair, financial industry executive Mike Pedersen. Pedersen will succeed former chair Samuel Duboc and will hold a term of four years starting March 5, 2018. Robert Pitfield, a member of the board since May 2014, will be the interim chair…

TD acquires Toronto AI firm

TD Bank has acquired Layer 6 Inc, a Toronto-based artificial intelligence firm, for an undisclosed amount. The bank said its latest investment is part of a transformation strategy to deliver personalized customer experience. Layer 6 offers an AI platform to financial institutions and e-commerce for prediction and personalization. Layer 6 is co-founded by co-CEOs Tomi Poutanen…