The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gregory William MacDonald - LodeRock Research Inc. - Analyst
: How are you, David?
Question: Gregory William MacDonald - LodeRock Research Inc. - Analyst
: And the temperature is probably a little warmer there. I wanted to ask one on DRT. You talked about -- so revenue growth, 36% year-over-year.
You talked about some sustainability of that. And "heightened threat alert" makes us all kind of come back to this as an important topic and realize
that this is possibly a scenario where demand is outpacing ability to provide service for cybersecurity companies.
Can you just talk a little bit -- just give us a little bit of an update on DRT -- on sensing demand must be great, but this is a human resources business
at the end of the day. Give us just an update on how things are going with respect to growth with respect to ability to staff, things like that.
Question: Gregory William MacDonald - LodeRock Research Inc. - Analyst
: Okay. And sense of growth profile on the top line, is this still primarily a Canadian business, i.e., Canadian Corporation serving Canadian government
agency serving -- or have you made success moving into the U.S. market yet?
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MARCH 02, 2022 / 2:00PM, VBNK.TO - Q1 2022 VersaBank Earnings Call
Question: Gregory William MacDonald - LodeRock Research Inc. - Analyst
: Okay. And then just a quick question on the Instant Mortgage product. You've expressed some opportunity for attractive growth there in the past.
And it's nice to see that from an administrative perspective, that product is ready to roll?
Any sense of -- from what your loan origination partners are talking about any sense of change in optimism for growth there, is it an avenue that
you think you're more optimistic about now? Just it's a new product, right so any updates there would be helpful for us?
Question: Gregory William MacDonald - LodeRock Research Inc. - Analyst
: Also a highly unusual increase in immigration, which works in its favor?
Question: Gregory William MacDonald - LodeRock Research Inc. - Analyst
: Great. I'm curious to see how that product rolls out. It's imaginative and I think it's very interesting. David. I appreciate the answers to the question.
I'll pass it on.
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