25+ Years of Trust

Supporting Digital Transformation within Canadian Industries

Symcor helps Canada’s largest organizations succeed in an evolving digital world by enabling secure data exchanges that support their digital transformations.

Strong Canadian Roots

Symcor began as a joint venture between three of Canada’s largest financial institutions – the Toronto Dominion Bank, Royal Bank of Canada and Bank of Montreal. From the early days of processing cheques and printing financial documents, Symcor has evolved into a market-leading organization with unique expertise in digital-first solutions.

A Unique Combination of Security and Agility

Bank-strong security with the agility of a fintech – Symcor offers the best of both worlds to drive digital transformations. With established expertise in enabling secure data exchanges, Symcor aligns industry participants to address common needs while achieving economies of scale.

Symcor’s Story of Change

Symcor’s evolution over 25+ years is a journey of continuous improvement and moving in step with accelerated change. With a focus on its North Star, ‘Connecting for Common Good’, Symcor is purposeful in leveraging its core competencies to create better outcomes for clients, partners, employees and communities. As industry needs continue to rapidly change and evolve, Symcor’s foundation of trust and security remains pivotal in shaping a stronger future for Canadian businesses.

1995 – 1999: Symcor’s Origins

Born as a bold idea that stemmed from the need to accelerate change, Symcor establishes its vital role in the Canadian market as a business solutions provider.

1995 – Toronto Dominion Bank, Royal Bank of Canada and Bank of Montreal discuss efficiencies and Symcor is born.
1996 – Launch of COR.PAY, industry leading cheque and payment processing solutions for financial institutions and utilities.
1997 – Launch of Symcor’s logo, and identity. The three swoops, symbolic of the three founding banks. The colour, an amalgamation of the founder banks’ brand colours.
1998 – Grows locations nation-wide to Vancouver, Calgary, Winnipeg, Montreal, Toronto and Halifax.

2000 – 2009: Cementing Market Leadership

Symcor solidifies its position as a provider of industry-wide solutions with an expanded geographical presence in Canada to support client needs.

2000 – Acquires Optus Corporation, later called Customer Communications, and now COR.CCX.
2001 – Introduces a renewed corporate identity and logo. The arrows symbolize the input and output transactions, with the gold and teal colours representing independent capabilities.
2003 – Expands with more processing locations across Ontario.
2008 – Chameli Naraine joins Symcor as President & CEO.

2010 - 2017: Supporting Industry-Wide Change

Symcor’s proven ability in aligning industry participants to address common needs is successfully leveraged for important digital transformation milestones in Canada.

2012 – Plays a leading role in guiding and managing industry-wide transition to cheque image processing.
2016 – Announces signature cause, Possibilities, with a mission to end the cycle of poverty through the education of marginalized youth.

2018 – Present: Accelerating Digital Transformation

A trusted partner to Canada’s largest institutions, Symcor evolves its services to provide digital-first solutions that address industry-wide challenges.

2018 – Develops and launches a fraud detection service, COR.IQ that generates fraud alerts for member institutions using networked intelligence.
2019 – Launches its new and refreshed brand identity, logo, and website. To showcase its strengths and capabilities in the market, Symcor runs its first-ever marketing campaign.
2020 – Maintains service-level excellence during COVID-19 and partners with the Government of Canada to power the CEWS and CERB programs with a fraud-fighting consortium rooted in security.
2021 – Celebrates 25 years of Trust with our vision centered on Connecting for Common Good.
2022 – Launches Instant Verify, a real-time approach to address fraud.
2022 – Launches COR.CONNECT, your key to unlocking the world of Open Banking.
2024 - Holger Kormann, current President & CEO, joins Symcor to bolster our growth trajectory by enabling secure data exchanges in support of our clients’ digital transformation.

Industry Recognitions and Awards

For over 25+ years, Symcor has been led by its North Star, Connecting for Common Good, to guide clients and communities towards better outcomes and a stronger future for Canada. We are proud to be recognized for our market leadership in sustainability, gender diversity, employment equity, and business excellence.

2011-2023: Canada's Greenest Employers by Canada's Top 100 Employers.

2023: Gold winner in the Media Strategy category of the 47th Annual B2 Awards, by The Association of National Advertisers.

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2021: Women in Payments' Social Impact Awards: Chameli Naraine, former President and CEO

2020: Company of the Year by Women in Communications and Technology

2016: Excellence in Diversity & Inclusion by the Canadian HR Awards

2016: Sector Distinction Employment Equity Award by the Government of Canada

2014: Canada’s Most Powerful Women by WXN Top 100: Symcor’s President & CEO, Chameli Naraine

2013: Executive of the Year: Chameli Naraine, Symcor’s President & CEO, by Ascend Canada