1y ago

Wealthsimple is starting to look like Canada’s next big bank

www.theglobeandmail.com Wealthsimple is starting to look like Canada’s next big bank

CEO Michael Katchen has been instrumental in creating Canada’s most visible upstart competitor to banks and the rest of the financial services establishment

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Canadian banks definitely could use the competition. But I wish we nurtured markets with many smaller competitors in this country instead of big oligopolies.
- There are quite a few competitors in retail banking, like EQ Bank, Alterna Bank, motus, ....
  But none of them have achieved a critical size IMO, especially when compared to WS.

6 comments