Fintechs, neobanks and the banking system

The bank that we know is changing in nature. The reason is well known: it is the systematic digitization of all banking services. In total, Canadian banks have invested $ 84.5 billion over the past ten years in new technologies. But the revolution is so important that the banks are incapable of making it on their own. This is why the neobanks appeared shortly before 2000 and then from 2010, the fintechs – short for financial technologies. To know more, listen to Jean-Guy Rens’ column dated February 10 on Radio VM.