Canada is at a critical juncture

Banking, online shopping and social media are the future, but how many of the companies dominating these fields are Canadian? Source: Financial Post In the midst of any crisis, one of the most important lessons I’ve learned is that one always has a choice — you can either move forward in a new direction or…

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The Bank of Amazon could attract over 70 million US customers within five years

 Bain & Co, estimate that Amazon is in the early stages of developing a banking service that would reduce transactional friction for their purchasing customers. The chequing account-style product means Amazon will forge a financial relationship with over 70 million customers over the next five years. Source: Finextra Bain and Co, estimates that a banking service…

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Banks prepare for radical transformation of the regulatory landscape

The future of banking might move towards third-party technologies that would leverage a bank’s large client base, capital position, trust and brand name. This may be the basis for developing new third-party business models or allowing for clients to easily conduct business with one another. Source: The Banker Regulatory pressure Regulatory pressures following the global financial…

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