Millennials expectations are reshaping the financial services landscape in Canada. While banks are adapting slowly, fintech startups are expanding at a rapide pace.
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
The Millennials and the Canadian fintech opportunity
1. The Millennials and the Canadian fintech
opportunity
Julien Brault, CEO / @julienbrault / julien@hardbacon.ca / hardbacon.ca
2. From January 2017 onwards, a wave of
Canadians investors will transfer their money to
self-service investment providers thanks to a
new regulation called CRM2
3. Many Canadians are going to leave their advisors…
Meanwhile, young Canadians won’t even look for one.
4. Only 17% of millennials need
to meet a live person to be
comfortable with financial
advices
Millenials check
their phone 45 times
a day
73% of Millenials
would rather go to
the dentist than talk
to their bank
17% 73% 45%
5. Millennials don’t want (or can’t) buy houses
Since 2008, CHMC maximum mortgage amortization period went from 40 years to 25
9. Canadian discounts brokers
are ripe for disruptions
Interactive Brokers, Virtual
Brokers, Questrade launched APIs
US-based Robinhood, which offer
0$ commission trading in US and
Australia, is a threat to Canadian
status quo
12. Canadians banks are betting on startups
● CIBC launched CIBC Live Lab, which is located in Mars Discovery District in Toronto
● CIBC have a partnership with Thinking Capital
● Scotiabank invested in Kabbage
● National Bank invested in Lending Club
● BMO created a fintech program with the Digital Media Zone in Toronto
13. Playing catch-up
● Canadian fintech raised more than $1 billion in funding since 2010
● In 2015 alone, US fintech raised 9,9 billions (US$7.3 G)
● In 2015, UK fintech raised 894 millions ( £524 M)