Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The best credit cards in Canada for 2024 + MORE Apr 3rd
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The best credit cards in Canada for 2024
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Motive Financial Review – Canada’s Best High Interest Savings Account? Jul 18th
Motive Financial is the online banking arm of Canadian Western Bank, which is a Schedule I bank. As with other online only banks, such as Tangerine or EQ, Motive has become popular with Canadians who appreciate the low fees an higher interest that they are able to offer. But how does Motive measure .... More »
Making sense of the markets this week: May 29 May 28th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Banking on boring profits
Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
Canadians slightly less confident in finances heading into 2016: CIBC poll + MORE Jan 4th
A majority of Canadians remain confident about their finances heading into 2016, but the percentage holding a positive view is down from a year ago, according to a new poll from one of the country's big banks..... More »
Why Goldman investors shouldn’t count on a return to the good old days + MORE Feb 8th
The U.S. President may take aim at Dodd-Frank, but it’s by no means clear that banks will benefit as much as some think
.... More »
How Canada’s Big Five Banks Are Investing in FinTech
– ratesupermarket.ca
Technology has a way of permanently disrupting and changing the way other industries operate. For example, Uber has transformed the transportation sector. Airbnb has left a mark on the travel and accommodation industries.
These companies were able to massively shift consumer behavior and preferences in a short amount of time. They did so because they’ve been able to operate nimbly, use technological innovation, and target Millennials – the fastest growing customer base.
Now, the tech sector has its sights firmly focused on the financial industry; in the next 10 years, banking as we know it is set to change forever. Already there are companies launching innovative new solutions that threaten to take significant market share away from traditional banks and financial institutions.
One example of these innovations is Apple Pay, a service which allows you to make payments using your Apple devices. Of all the tech players in the financial sector, Apple Pay is probably the one that has caused the most fear in financial circles because of the company’s reach…
BlackRock to buy Bank of America’s $87-billion money-market fund business
– theglobeandmail.com
The transaction comes as big banks have faced pressure to simplify their businesses since the global financial crisis
How Canada’s Big Five Banks Are Investing in FinTech
– ratesupermarket.ca
Technology has a way of permanently disrupting and changing the way other industries operate. For example, Uber has transformed the transportation sector. Airbnb has left a mark on the travel and accommodation industries.
These companies were able to massively shift consumer behavior and preferences in a short amount of time. They did so because they’ve been able to operate nimbly, use technological innovation, and target Millennials – the fastest growing customer base.
Now, the tech sector has its sights firmly focused on the financial industry; in the next 10 years, banking as we know it is set to change forever. Already there are companies launching innovative new solutions that threaten to take significant market share away from traditional banks and financial institutions.
One example of these innovations is Apple Pay, a service which allows you to make payments using your Apple devices. Of all the tech players in the financial sector, Apple Pay is probably the one that has caused the most fear in financial circles because of the company’s reach…
