KANETIX Partnered with Ryerson University

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Ryerson University students complete real world project for Canada’s largest online financial services marketplace

We’re constantly exploring new ways to challenge the status quo when it comes to the online experience for financial services in Canada.

A group of fourth-year university students from Ryerson University is completing a project for KANETIX, Canada’s largest online insurance and financial services comparison website.

Committed to driving innovation in online financial services, KANETIX approached the Digital Media Zone at Ryerson University (DMZ) to explore a partnership that would allow the company to tap into some of the cutting-edge work taking place inside the DMZ.

“We’re constantly exploring new ways to challenge the status quo when it comes to the online experience for financial services in Canada,” said Andrew Lo, CIO, KANETIX. “Ryerson has a great reputation and we saw the opportunity for a partnership as mutually beneficial.”

The perfect fit was found with the Innovation for Hire industry project program - managed inside the DMZ by Ryerson Futures Inc. (RFI) - which connects small, cross-disciplinary teams of Ryerson students together to work on real projects for real clients with defined goals and deadlines. RFI is a for-profit entity wholly owned by Ryerson University.

Based on KANETIX’s needs, a diverse team of Ryerson students from the entrepreneurship and computer science programs were brought together for the project.

Over two semesters, the students’ work culminates in a final presentation to key executives at KANETIX. While the nature of the exact work carried out by the student’s remains confidential, by all accounts the presentations have been successful and well received.

The project gave a number of fourth-year Ryerson students the opportunity to work with one of Canada’s most forward-thinking web companies. As well, students gained valuable experience by dealing with a real client through regular meetings, and by achieving goals and hitting deadlines.

KANETIX has already been leveraging some of the insights which have come out of the project.

For more info about RFI, or how to get involved in the Innovation for Hire industry project program, visit http://www.ryersonfutures.ca.

About The Digital Media Zone

The Digital Media Zone at Ryerson University (DMZ) is one of Canada’s largest incubators and multi-disciplinary co-working spaces for young entrepreneurs. Set atop Yonge-Dundas Square, and infused with the energy and resources of downtown Toronto, this hub of digital media innovation, collaboration and commercialization is home to both startups and industry solution-providers. The DMZ leads the way in experiential learning and business success by creating a unique ecosystem of education and entrepreneurship. Emerging leaders fast-track their product launches and grow their companies in this supportive community by connecting with mentors, customers and each other. Since opening in April 2010, the DMZ has stimulated Canada’s digital economy by incubating and accelerating 84 startups and launching 134 projects. For more information about the Digital Media Zone, visit http://www.ryerson.ca/dmz.

About Ryerson University

Ryerson University is Canada’s leader in innovative, career-oriented education and a university clearly on the move. With a mission to serve societal need, and a long-standing commitment to engaging its community, Ryerson offers more than 100 undergraduate and graduate programs. Distinctly urban, culturally diverse and inclusive, the university is home to more than 38,900 students, including 2,300 master’s and PhD students, nearly 2,700 faculty and staff, and more than 140,000 alumni worldwide. Research at Ryerson is on a trajectory of success and growth; externally funded research has doubled in the past four years. The G. Raymond Chang School of Continuing Education is Canada’s leading provider of university-based adult education. For more information, visit http://www.ryerson.ca.

About KANETIX®

Launched in October 1999, KANETIX was Canada’s first online insurance marketplace and today provides over a million quotes per year to consumers looking for insurance, as well as comparisons for mortgage rates and credit cards.

The KANETIX comparison service is a one-stop shopping environment for consumers. Each day, thousands visit the KANETIX website at http://www.KANETIX.ca to comparison shop their various financial needs. Shoppers choose what they want to compare, obtain a quotation and complete an online application or, with the help of KANETIX connect with the provider to purchase or apply for the product over the phone.

Through its Software as a Service team, KANETIX is also the leading provider of online insurance quotation technology, developing online quotation systems, mobile solutions, actuarial tools and websites for many of Canada’s largest insurance brands.

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Cathy-Anne O'Brien
BlueSky Communications
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Tara Bolger
BlueSky Communications
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