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The Digital Banking Underdog: Toronto Emerges as Global FinTech Leader

The goal of any innovative technology is to make our lives easier. But, truly disruptive technology evolves to meet the growing demand of users, becoming routine in our everyday lives. Financial technology is a prime example of such progression. It’s estimated that in 2017 alone, nearly $60 billion worth of payments will be made on mobile platforms. Comparing these figures to just two years ago, only $8.71 billion worth of transactions were made digitally in 2015. Despite this immense growth, there is still progress left to be made within the financial services industry.

In line with other frontrunners in the industry, such as London, Silicon Valley and New York City, Toronto,

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