Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. The harder stance is the result of FCAC’s recent review of the domestic retail sales practices of Canada’s six largest banks. “FCAC found that...
August 13, 2018
Oh, Canada? A good market to be in for FIs seeking to create digital only banks, if you get the rates right, the timing right and do the fine tuning on the fly. EQ Bank’s CDO, Dan Dickinson tells Karen Webster that low operating costs mean high rates for savings, with clarity as a competitive advantage. But before coming to market via bits and bytes, he cautioned, banks have some big (even existential) questions to ponder.
March 21, 2018
Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. The harder stance is the result of FCAC’s recent review of the domestic retail sales practices of Canada’s six largest banks. “FCAC found that [the] retail banking culture encourages employees to sell products and […]
