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.

Featured Thinking

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Reframe your future: Transformation in Financial 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.

Dina Elshurafa

    How EY can help

    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.

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    Our latest thinking

    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.

    EY Canada

    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.

    Abhishek Sinha + 1

    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.

    Abhishek Sinha

    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.

    Abhishek Sinha

    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

    Abhishek Sinha + 1

      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.

        Dina Elshurafa

          The team

          Glenn Parkinson

          Banking and Capital Markets leader, EY Canada
          Opportunity seeker. Transformative thinker. Financial services focused.
          Toronto, CAN

          David Hurd

          EY Canada National Wealth Management Leader
          Passionate about wealth and asset management, FinTech and Canada’s contribution to the industry. Proud father and husband. Avid skier and golfer.
          Toronto, CAN

          Ecosystems in Financial Services

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

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          Explore Financial Services in our regions

                 

          Americas
          APAC
          EMEIA
          Contact us
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          EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.