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Recent Canadian news releases issued by EY:

January 2016

  • A heads-up for banks: Canada’s FinTech adoption rates could triple in a year
    Toronto, 28 January 2016
    According to EY’s FinTech Adoption Index, Canada has had surprisingly low adoption rates for FinTech offerings—financial services products developed by non-bank, non-insurance, online companies. But while consumers here may be behind, the finding is a timely message for Canadian banks, as adoption could triple within the next 12 months.
  • More than one-third of organizations say they couldn’t detect a cyber-attack
    Toronto, 25 January 2016
    Cyber security is a growing threat for Canadian businesses – yet according to EY’s Global Information Security Survey, more than one-third (36%) of organizations still don’t believe they can detect sophisticated cyber-attacks. That number is lower than last year (56%), but still a concern as the level of sophistication in attacks continues to increase. Because of this, Canadian organizations in both public and private sectors are collaborating to respond to this threat more effectively and in a timely fashion.