|

Canada’s centennial in 1967 marked the beginning of a new era for Canadian banking. Computerization began to change how banks served their clients, allowing for faster and more efficient service. That year, the Yonge and Bloor branch in Toronto was the first Canadian bank branch to use a computer to update customer bankbooks rather than have a teller do it manually. The introduction of inter-branch banking enabled customers to bank at any computerized branch.

In 1983, CIBC was the first Canadian Bank to adapt the personal computer for use by tellers. The first phase of COINS (Commerce On-line Information Network System) was introduced in 1983.

|
Copyright® 2009 Canadian Imperial Bank of Commerce. All rights reserved.








