Financial Services in Canada: Fintech vs. The Bank

Ernst & Young is out with a new report about Canadian consumer banking highlights. I really think the Canadian financial services landscape is at a very interesting point. On one hand, the big banks are making record profits. ┬áBut on the other…

Financial technology (fintech) companies are nipping at their heels like never before. I don’t think financial services in Canada have been this ripe for disruption in a long time. One of the key drivers, as shown below, is that Canadians are (finally) getting more comfortable with digital banking and online financial services. Can the banks adapt?

Curious to learn more? Check out the executive summary. Or take a look at the infographic below…

2016-canadian-consumer-banking-survey-infographic