Contribution: Industrial Research Assistance Program – Contributions to Firms
Fintech Innovation Labs Inc.
$71,000.00
Self-Serve Mortgage Renewal Solution
FY 2024-25 · 2024-11-01
Summary
Thirdstream's self-serve mortgage renewal solution aims to transform the Canadian banking sector by automating the mortgage renewal process. This innovative solution integrates advanced technology, ensuring seamless system compatibility, regulatory compliance, and user convenience. With a massive surge in mortgage renewals expected in 2025-2026, the project will streamline workflows, reduce operational costs, and enhance the customer experience for financial institutions, positioning the product as a critical tool for managing increased renewal volumes efficiently.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Lethbridge|Lethbridge, Alberta, Canada
Recipient Type
For-profit organization
Business Number
826845901
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2025-07-31
Agreement Number
1024443
Agreement Start Date
2024-11-01
Agreement Title
Self-Serve Mortgage Renewal Solution
Agreement Title (French)
Solution de renouvellement d’hypothèque en libre-service
Agreement Type
Contribution
Agreement Value
$71,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
Thirdstream's self-serve mortgage renewal solution aims to transform the Canadian banking sector by automating the mortgage renewal process. This innovative solution integrates advanced technology, ensuring seamless system compatibility, regulatory compliance, and user convenience. With a massive surge in mortgage renewals expected in 2025-2026, the project will streamline workflows, reduce operational costs, and enhance the customer experience for financial institutions, positioning the product as a critical tool for managing increased renewal volumes efficiently.
Description (French)
La solution de renouvellement d’hypothèque en libre-service de Thirdstream vise à transformer le secteur bancaire canadien en automatisant le processus de renouvellement d’hypothèque. Cette solution innovante intègre une technologie de pointe, garantissant une compatibilité transparente des systèmes, la conformité aux réglementations et la commodité pour l’utilisateur. Avec une augmentation massive des renouvellements de prêts hypothécaires prévue pour 2025-2026, le projet rationalisera les flux de travail, réduira les coûts opérationnels et améliorera l’expérience client pour les institutions financières, positionnant le produit comme un outil essentiel pour gérer efficacement l’augmentation des volumes de renouvellements.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Lethbridge
Federal Riding (French)
Lethbridge
Federal Riding Number
48026
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
826845901
Recipient City
Lethbridge|Lethbridge
Recipient Country
CA
Recipient Legal Name
Fintech Innovation Labs Inc.
Recipient Postal Code
T1J 2J4
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2024-2025-Q3-1024443
