For years, the story of banking innovation in Canada has been told as a two-player contest. On one side sit the Big Five banks, with their scale, branch networks and deep balance sheets. On the other are digital challengers, promising faster, simpler and cheaper ways to move and manage money. [Read more…] about Beem’s Brian Harris on Why Credit Unions Must Build for the Members They Need Next
Interviews
Why Haventree Bank Chose to Build Its Own Digital Bank
In July, Haventree Bank, a Schedule 1 bank with decades of experience in alternative lending, launched its digital bank. It’s the first time the bank went directly to consumers, allowing them to access growth accounts and a GIC. [Read more…] about Why Haventree Bank Chose to Build Its Own Digital Bank
Wealthsimple’s Paul Teshima Wants Canadians to See What Banking Really Costs
Canadians rarely receive a single receipt showing what it costs them to bank. Wealthsimple’s latest advertising campaign is attempting to provide one. [Read more…] about Wealthsimple’s Paul Teshima Wants Canadians to See What Banking Really Costs
Symcor’s Holger Kormann on Fighting Industrialized Fraud
Fraud was once constrained by the time and effort required to steal an identity, forge documents, and target individual institutions. Artificial intelligence and automation have dismantled many of those barriers. [Read more…] about Symcor’s Holger Kormann on Fighting Industrialized Fraud
Behind the Rails: Peoples Group’s Rohitash Hurla on Canada’s Next Wave of Fintech Innovation
Canada’s fintech sector is often defined by the brands consumers see, but much of the infrastructure powering those experiences operates behind the scenes. [Read more…] about Behind the Rails: Peoples Group’s Rohitash Hurla on Canada’s Next Wave of Fintech Innovation
KOHO’s Faye Lucas on Why Canadians Are Turning to Pay Later to Put Groceries on the Table
Canadians are changing both how they shop for groceries and how they pay for them as food costs continue to put pressure on household budgets. [Read more…] about KOHO’s Faye Lucas on Why Canadians Are Turning to Pay Later to Put Groceries on the Table
Fern Glowinsky on Haventree Bank’s Move Into Direct-to-Consumer Digital Banking
For decades, Haventree Bank has built its business by looking beyond the standard borrower profile. [Read more…] about Fern Glowinsky on Haventree Bank’s Move Into Direct-to-Consumer Digital Banking
How Focal AI Is Giving Canadian Financial Advisors Their Time Back
Financial advisors are often described as relationship managers, planners, coaches, and trusted guides. But in practice, much of their workweek is consumed by the administrative layer that surrounds those relationships: meeting notes, CRM updates, follow-up emails, compliance documentation, planning inputs, and paperwork. [Read more…] about How Focal AI Is Giving Canadian Financial Advisors Their Time Back
Moomoo Canada’s Michael Arbus on the Rise of the Sophisticated Retail Investor
More than a year after entering the Canadian market, moomoo Canada is betting that the country’s retail investors are more sophisticated than many financial platforms have assumed. [Read more…] about Moomoo Canada’s Michael Arbus on the Rise of the Sophisticated Retail Investor
TD’s Rizwan Khalfan on Building a Banking App That Does More Than Bank
For years, mobile banking apps have been judged by how efficiently they let customers complete everyday tasks: check a balance, move money, pay a bill, or review a transaction. [Read more…] about TD’s Rizwan Khalfan on Building a Banking App That Does More Than Bank