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  • Dream Payments Launches Real-Time Payouts | Atom Bank Goes AI-First

Dream Payments Launches Real-Time Payouts | Atom Bank Goes AI-First

Canada’s DreamPay now offers real-time Interac e-Transfers. Atom bank embraces AI for smarter lending. Here’s what’s new in fintech.

May 07, 2025

🚀 Instant Payouts Are Here: DreamPay Adds Interac e-Transfer

Toronto’s Dream Payments is redefining real-time payments in Canada. The fintech company has officially launched Interac e-Transfer payouts on its embedded payments platform, DreamPay, unlocking instant money movement for banks, insurers, SaaS platforms, and enterprise clients.

What’s the big deal? With this new feature, organizations can now send payments directly to individuals or businesses using just an email address or mobile number—no need for collecting sensitive banking data. This dramatically improves both speed and security.

“With Interac e-Transfer, we have unlocked and democratised access to real-time money movement in Canada,” said Dream Payments in a release. “Whether through our modern Payout API or no-code DreamPay Payout Portal, businesses can now embed instant payouts with no disruption and no delays.”

That means better experiences for everyone—from insurance claimants waiting on reimbursement to suppliers eager to get paid.

DreamPay’s integration capabilities are another key win. The platform supports EFTs, virtual cards, cheques, and now Interac e-Transfer—all while seamlessly integrating with existing treasury, ERP, and claims systems. No infrastructure overhaul needed.

💬 Industry Endorsement from Interac

Glenn Wolff, Group Head and Chief Client Officer at Interac Corp., weighed in on the launch:

“Interac e-Transfer is deeply embedded in the way Canadians move money. Dream’s platform is helping more organisations meet customer expectations by embedding Interac directly into their digital journeys.”

This rollout couldn’t come at a better time. Dream Payments will showcase the new feature at the upcoming 2025 Payments Canada Summit, where they’ll engage in executive briefings and stage appearances with key players in the financial services industry.

🧠 AI + Lending: Atom Bank Taps Provenir for Smarter Risk Decisions

Over in the UK, Atom bank—the country’s first mobile-only bank—is taking its risk decisioning to the next level by partnering with New Jersey-based fintech Provenir.

Founded in 2016, Atom bank offers app-based mortgages, savings products, and secured business lending for SMEs. As the bank continues to grow, it’s turning to Provenir’s AI Decisioning Platform to optimize how it handles credit risk, fraud detection, and identity verification.

🔍 Why This Matters

By implementing a centralized AI platform, Atom aims to:

  • Eliminate the complexity of juggling multiple risk engines

  • Streamline credit decisioning across its mortgage and savings products

  • Boost agility while ensuring top-tier customer experience

“Our platform will help Atom bank achieve its business objectives and customer experience aspirations,” said Mark Collingwood, Provenir’s VP of Sales for Europe. “We’re proud to support their goal of being ‘the most customer-centric bank on the planet.’”

And Atom’s ambitions are clear. Chris Storey, the bank’s Chief Commercial Officer, emphasized:

“We deliver simple, well-designed mortgages and savings products that prioritize ease, speed, and value. As we scale, Provenir’s AI will reduce operational complexity while keeping customer experience at the core.”

🧩 Platform Power

Provenir’s platform consolidates three critical components into one system:

  • Decisioning: Making accurate real-time decisions

  • Data Access: Simplifying integration across multiple data sources

  • Decision Intelligence: Using AI to continuously improve outcomes

This shift marks a broader fintech trend—using AI not just for cost-cutting, but to proactively elevate the customer journey. As regulations, risks, and expectations evolve, solutions like Provenir’s are helping financial institutions stay ahead.

📊 Key Takeaways:

  • Dream Payments brings real-time payouts to Canadian enterprises with Interac e-Transfer integration—making payment experiences faster and safer.

  • Atom bank adopts Provenir’s AI platform to streamline risk management and enhance customer-centric operations across its lending and savings products.

  • Both stories highlight the accelerating pace of fintech innovation—whether it’s in payments or decisioning, the future is faster, smarter, and more secure.

Want more insights like these? Stay tuned for the next edition of Fintech Forward.