PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Why Canadian Fintech Startups Can’t Live Without Incumbent Financial Institutions

By Joseph Walent
April 21, 2016
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Why Do Only 1 in 4 Small Businesses Have an eCommerce Platform? - PaymentsJournal

807551

Views around how businesses can work most effectively have increasingly incorporated the idea of more collaboration among market participants, as well as given rise to quasi-Teutonic word creation of “coopetition” to describe the situational engagement of firms. Beginning from this premise, the author outlines how symbiosis has been an effective strategy for fintech firms growing the Canadian Financial Institution flowerbed.

As Canada sees an upsurge in fintech companies, the financial institutions that are the most nimble and innovative will be the ones to help fintech companies bring their solutions to market. Fintech companies’ solid technology expertise paired with an established financial institution’s deep payments expertise will continue to satiate Canadians with the alternative financial solutions they so desire.

Mercator Advisory Group largely concurs with the conclusions put forth, and recognizes the application of similar strategies have proven effective between “Old Guard” FIs and the up-and-comers in other developed and developing national economies. Consumers will increasingly turn to their trusted financial institutions to evaluate and approve viable payment and personal financial management innovations as they come to market. The main pitfall exists for those firms on either side of the divide that do not recognize that they are operating in a wider ecosystem.

Overview by Joseph Walent, Senior Analyst, Emerging Technologies at Mercator Advisory Group

Read the full story here

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    AI Is Turning Accounts Receivable Into a Strategic Powerhouse

    July 15, 2025
    Embedded Finance

    Embedded Finance: Bringing Payments Under a Single Umbrella

    July 14, 2025
    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025
    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result