CIBC Launches Live Lounge at MaRS Discovery District, Toronto

Last week CIBC launched an incredible new space in Toronto – The CIBC Live Lounge. Located inside the beautiful MaRS Discovery District, the Lounge is a space for MaRS tenants and startups to use for creative brainstorming sessions, meetings, events and more. The days of coffee shop meetings are in the past, as more and more companies look for inspiring work environments and event venues.

The Lounge is the perfect fit for the MaRS ecosystem, which in case you’re unfamiliar, is one of Toronto’s most innovative building concepts and communities. They bring together entrepreneurs, researchers, social scientists, and business experts under one roof, making it a truly unique environment for businesses to cohabitate, test their concepts, and feed collaboration and
creative energy.

The CIBC Live Lounge is a great addition to the building concept and also an extension of CIBC’s Live Labs, which is the bank’s digital innovation hub that launched last year at MaRS. The new dedicated space gives CIBC the opportunity to continue developing the next wave of banking while also continuing to collaborate with top tech brands.

To celebrate the launch of the CIBC Live Lounge and the one-year anniversary of CIBC Live Labs, they hosted an interactive digital showcase to show off some of their most exciting new developments, partnerships, and collaborations to really solidify and strengthen the brand and build the bank of the future.

National Australia Bank and Visa were also on hand to launch Travel Tools – a new in-app feature that was co-developed to help clients calculate the optimal currency to use when making purchases abroad, by offering live foreign currency exchange rates at their fingertips. If you travel as much as we do, you know there’s peace at mind knowing the actual amount that ends up on your bill.

The most interesting parts of the showcase were of course the CIBC Live Labs-developed new Facebook FX Bot designed to make global money transfers easier, speedier, and more social, as well as the Digital Discovery area where they demoed an exciting prototype designed in-house to make reporting a lost or stolen credit card a total breeze (instead of a nightmare).

Anyone out there who’s ever lost their wallet can agree, it’s such a head ache tolose your credit card. The Manage My Card experience will not only help you track your last transactions and call vendors, so you can hopefully track down your card. Or, if you need to freeze your account, request a replacement card (and track the shipment status), and activate your new card, you can do that on the go all within a few taps.

What’s more, you can also update any preauthorized payments you had set up with the old card, so you don’t have to worry about signing into all your accounts to change the card manually. The Manage My Card experience is set to launch in the next eight months, so, if you’re a CIBC customer, stay tuned for that!

Check out our photos from the launch event below.

This post was produced in partnership with CIBC, however the opinions express are our own.