the millennials and the canadian fintech opportunity

The Millennials and the Canadian fintech

opportunity

Julien Brault, CEO / @julienbrault / julien@hardbacon.ca / hardbacon.ca

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

Many Canadians are going to leave their advisors…

Meanwhile, young Canadians won’t even look for one.

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%

Millennials don’t want (or can’t) buy houses

Since 2008, CHMC maximum mortgage amortization period went from 40 years to 25

Robo-advisors startups are multiplying in Canada

Canadian brokerages are waking up

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

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

Online banks are finally catching up in Canada

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

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)

Thank you!

Julien Brault, CEO / @julienbrault / julien@hardbacon.ca / hardbacon.ca