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3 ways to avoid paying bank fees + MORE Jun 15th
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Whenever banks raise fees—and really, how of.... More »
The best GIC rates in Canada for 2026 + MORE Jan 30th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Wealthsimple Crypto Review: Cryptocurrency Investing Made Easy Apr 23rd
In July 2020, Wealthsimple unveiled the upcoming Wealthsimple Crypto, and with that, Canada’s leading Robo-advisor officially entered the cryptocurrency trading game. In this full review, I’ll cover everything you need to know, and hopefully answer any questions you have.
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The best high-interest savings accounts in Canada for 2023 Oct 20th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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Breaking down bank fees Jul 15th
The COVID-19 pandemic has hit a lot of Canadians hard—emotionally, physically and financially. So it isn’t surprising that many are calling out banks that raised their fees to consumers at a time when so many people are struggling. Given the number of banks that have also reported record profits.... More »
Big Banks Respond to Fintech Threat with Lower Bank Fees, Better Offerings
– ratesupermarket.ca
Disruptive technology is everywhere these days. From Uber, which has turned the taxi industry on its head, to Car2Go subbing for vehicle ownership and Airbnb replacing the average hotel room, these disruptive innovations are giving traditional businesses a run for their money. Now there’s fintech – short for financial technology – and it’s a threat that could put an end to this country’s big banks’ record profits.
What is Disruptive Technology?
It’s a buzzword we hear often but what does it really mean? In short, disruptive technology is any innovation or startup that displaces a current market and deeply changes the economic landscape. It’s a threat to established players such as the big banks. Not only can startups take away a large corporation’s market share, they can put them out of business for failing to respond.
With fintech companies turning their attention to the banking industry, the big banks aren’t giving up their market share without a battle. There’s a huge chasm between banking customers several decades ago and those customers today, who now demand digital tools to access and manage their money…
Bank results show economy better than thought: Mayers
– thestar.com
The banks are a good barometer of our economic health. They’re reporting strong profits even as bad energy loans rise.Big Banks Respond to Fintech Threat with Lower Bank Fees, Better Offerings
– ratesupermarket.ca
Disruptive technology is everywhere these days. From Uber, which has turned the taxi industry on its head, to Car2Go subbing for vehicle ownership and Airbnb replacing the average hotel room, these disruptive innovations are giving traditional businesses a run for their money. Now there’s fintech – short for financial technology – and it’s a threat that could put an end to this country’s big banks’ record profits.
What is Disruptive Technology?
It’s a buzzword we hear often but what does it really mean? In short, disruptive technology is any innovation or startup that displaces a current market and deeply changes the economic landscape. It’s a threat to established players such as the big banks. Not only can startups take away a large corporation’s market share, they can put them out of business for failing to respond.
With fintech companies turning their attention to the banking industry, the big banks aren’t giving up their market share without a battle. There’s a huge chasm between banking customers several decades ago and those customers today, who now demand digital tools to access and manage their money…
