Millennials expectations are reshaping the financial services landscape in Canada. While banks are adapting slowly, fintech startups are expanding at a rapide pace.

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

7. Robo-advisors startups are multiplying in Canada

8. Canadian brokerages are waking up

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

10. Stock market simulators as a way to disrupt the canadian
brokerage market

11. Online banks are finally catching up in Canada

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)

14. Thank you!
Julien Brault, CEO / @julienbrault / julien@hardbacon.ca / hardbacon.ca