Financial Services

We can help you stay focused on the future of financial services - one that is stronger, fairer and more sustainable.

Now more than ever, financial services will need to harness the power of technology to transform and grow, while meeting future customer expectations and regulatory changes.

Our strength lies in the proven power of our people and technology, and the possibilities that arise when they converge to reframe the future. Our deep sector knowledge combined with a holistic point of view delivers true value from strategy through to implementation. Whether your business challenge is simple or complex, small or large, we can be trusted to deliver solutions that work - today and tomorrow.

We are helping clients build stronger and more sustainable financial services. It’s how we play part in building a better working world.



In a disrupted economy, financial services organizations should reconsider their strategy to unleash their potential and create long-term value.

Federal Budget 2025


Reframe your future: Transformation in Financial Services

Transforming SMEs: the age of data optimization

Canadian SMEs are ready to share data, and financial institutions must leverage this to offer better, personalized services.

Canadians are 3x more likely to share data with their financial service providers today than 2020, finds EY survey

The 2023 EY Open Banking Study conducted in collaboration with Symcor, reveals that Canadians are now three times more willing to share data with financial service providers that they have an existing relationship with — compared to 2020 – and this willingness grows as age increases.



    Sustainability in financial services

     

    A sustainable world needs sustainable finance. We are helping to build a better financial services industry – one that is stronger, fairer and more sustainable by helping organizations to create value, accelerate the transition, and make a measurable difference.

    line of tree saplings sprouting in soil


    Sustainability in financial services

    Discover how we are building a better financial services industry – one that is stronger, fairer and more sustainable.

    EY Nexus for Financial Services

    EY Nexus accelerates innovation, unlocks value in ecosystems and powers frictionless customer experiences.


    Our latest thinking

    Canada’s commercial P&C insurers are poised to shape the future

    Canada's commercial P&C insurers must embrace innovation and partnerships to navigate emerging risks and drive sustainable growth in a complex landscape.

    The future of treasury services and the opportunity for banks

    Learn more about the latest Voice of the Treasurer research and the opportunities for banks.

    Three open banking takeaways for Canadian financial services providers

    Unlock insights on how security and trust drive Canadian consumers' choices in open banking and reshape financial service experiences.

    Human-centred transformation in insurance

    Discover how human-centred digital transformation in insurance enhances customer loyalty, drives growth, and fosters trust in a competitive landscape.

    Using gen AI to redefine the commercial banking front office

    Canada's commercial banking landscape is evolving: embrace gen AI to enhance client relationships and drive modernization.

    Insurance in transition: embracing innovation and change

    Discover how Canadian insurers can navigate challenges and seize growth opportunities through innovation and technology in a volatile landscape.

    The growing relevance of performance attribution

    Explore how performance attribution is transforming into a strategic tool for CIOs to enhance portfolio resilience and optimize returns.

    OSFI issues SCSE for consultation

    Explore how AI and GenAI are game changers in the fight against scams.

    Boosting Productivity in Canadian Banks: A Focus on SMEs

    Boost productivity in Canadian banks by optimizing SME services with cost and revenue levers, AI, and enhanced customer journeys for sustainable growth.

    The Great Convergence – A financial crime AML and fraud perspective

    As the Canadian banking ecosystem faces a transformative period known as the Great Convergence, we delve into the opportunities and risks it presents for financial institutions. Understand how compliance programs must adapt and innovate with the shifting landscape to counteract new financial crime risks. Read more.

    The Great Convergence - what financial institutions can do to get ahead

    Read how FIs can gain momentum ahead of the great convergence by re-thinking their business model.

    Portable digital identity

    The adoption of digital identity could present a drastic change in the way customers interact with online services and give banks and financial institutions (FIs) the opportunity to be a driving force for this change.

    The Great Convergence: the impact of data portability

    FIs prepared with the right business model and foundational services now are well positioned to stay ahead of their competition in the portable data landscape.

    The Great Convergence: emergence of digital currencies

    Central banks see valuable use cases for the introduction of a central bank digital currency (CBDC). But CBDCs will disrupt some of the fundamental roles banks play.

    The Great Convergence - Finding value with Real-Time Rails

    The Canadian banking ecosystem is going through a revolution, with multiple forces driving monumental changes. The Real-Time Rail (RTR) is one of the services that will drive these changes

      Webcasts

      Unleashing the power of gen AI – a new era for financial services

      Watch the 60-minute on demand replay for an engaging discussion on how generative AI is reshaping the foundation of the modern financial enterprise.

      Making waves with EY – the PayTechs edition

      Discover the 7 transformative themes in PayTech, reshaping the payments landscape. A must-listen for industry insights.

      47m

        Reports

        Canadians are 3x more likely to share data with their financial service providers today than 2020, finds EY survey

        The 2023 EY Open Banking Study conducted in collaboration with Symcor, reveals that Canadians are now three times more willing to share data with financial service providers that they have an existing relationship with — compared to 2020 – and this willingness grows as age increases.


          Ecosystems in Financial Services

          Explore how harnessing the power of digital ecosystems can make finance effortless and create value for all stakeholders.

          The team



          Explore Financial Services in our regions

                 



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