CIBC has been awarded the inaugural Financial Institution Innovator of the Year award at the Digital Finance Institute’s Canadian FinTech Awards.

The bank was recognized by the Vancouver-based think tank for innovations such as its one-click lending and its testing of blockchain transactions in collaboration with National Australia Bank.

"It is imperative that we capitalize on the mounting opportunities that rise from the collaboration between fintechs and financial institutions," says Christine Duhaime, Founder & Executive Director, Digital Finance Institute. "We are pleased to recognize CIBC for collaborating with the fintech sector in an impactful way, to help drive innovation forward in Canada."

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: