Fintechs Canada’s “Choose More” campaign tackles urgent financial challenges, advocating for improved services in the Canadian financial industry.
Fintechs Canada launched the “Choose More” campaign in response to the urgent financial difficulties that Canadians are facing. This project aims to raise awareness about how the nation’s financial industry can better serve businesses and customers.
Fintechs Canada was founded in May 2019 as a non-profit member association to act as the collective voice of Canadian fintechs. The initiative aims to address a number of important issues:
- High banking fees: A lot of Canadians pay outrageous fees for their banking services, which frequently outweigh the interest they receive on savings accounts.
- Business losses as a result of fees: Every year, different fees cause $3–6.5 billion in losses for Canadian firms.
- Dreams of becoming homeowners postponed: A noteworthy 63% of Canadians have been forced to give up on their aspirations to become homeowners.
Ones who know best what their financial needs are
The goal of the Choose More campaign is to provide Canadians the ability to speak up in the country and push for reforms in the federal government. Moreover the government can increase the amount of money that Canadians receive in their pockets by keeping its promises about open banking and payments modernization.
The banking industry is one of the many sectors in which Canadians are truly feeling the squeeze. According to Alex Vronces, executive director of Fintechs Canada, “Canadians are still waiting for their government to do the same, while our global counterparts are making their financial sectors work harder for their customers.”
“We think that Canadians are the ones who know best what their financial needs are, so this campaign makes reforms that give Canadians more choice more widely known.”
The Choose More campaign’s debut demonstrates Fintechs Canada’s steadfast dedication to advancing change in the financial industry.
Finally a campaign website debunks myths, provides information about the current financial system, and gives Canadians a forum to voice their support for the reforms that are urgently needed.
