• Victor Villas
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    1 year ago

    But they’re rocking, though. I can easily see them taking the place of one of the big ones in 5 years.

    • Affaires de PiassesOPM
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      1 year ago

      Nah, people are so used to traditional banks that they won’t move. You can often see people, even young people, saying that they are afraid of using Tangerine or Simplii because they don’t know them and don’t trust them. WS is a pure player that has no relationship to brick and mortars banks, so it’ll be even harder for them IMO.

      • Victor Villas
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        1 year ago

        People said the same in Brazil when Nubank appeared, but it’s now the second biggest bank in Brazil 🤷 the playbook is pretty similar for all of these fintechs, I can’t see why Canada would not follow the same path

        • chockblock@lemmy.world
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          1 year ago

          Another example is the cash app in the states. Lots of young people treating that like their bank account.