2021-10-24 16:30
Fintechs looking to break into credit card market dominated by big banks
If you haven't shopped for a credit card in a while, you may see some unfamiliar names in the offerings.Companies like Brim Financial, Float Inc., Caary Capital Ltd., Jeeves Inc., and Neo Financial are part of a growing crop of tech-enabled lenders that are looking to snag a share of the lucrative credit card market from the big banks.'We've never had more choices,' said Mikael Castaldo, general manager of everyday banking at Ratehub.ca.On the personal credit card side, companies like Brim and Neo are trying to lure customers with promises of more seamless, app-based digital experience, as well as creative rewards programs that partner with specific brands and perks like no foreign transaction fees.

https://www.theglobeandmail.com/business/article-fintechs-looking-to-break-into-credit-card-market-dominated-by-big/

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