Symcor’s Story of Change

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.

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.

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.

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.