Originally known for its lighting products, and later for
its foray into financial services, GE is in the middle of a long refocusing effort.
As part of the drug store chain's
foray into financial services, Shoppers said it plans to roll out more than 300 new RBC ATMs in Shoppers Drug Mart / Pharmaprix locations.
Sources added that the AV birla group has also filed an application for a banking license and if the banking permit is given to the Indian conglomerate then it could be difficult for the group to
foray into another financial services venture.
Not exact matches
Like other tech companies such as Amazon.com (AMZN), rumored to be considering a
foray into checking accounts, Chime sees an opportunity in
financial services amid a shifting customer base and widespread dissatisfaction with big bank
services.
As such, their
foray into traditional «banking»
services could signal the natural evolution of integrated
financial services that might encroach on more than just the online investing space here in Canada.
While other large Canadian banks have hinted they're considering a
foray into online investment advice, BMO is the first of the big five banks to launch such a
service, despite electing to build the product in - house rather than partnering with a
financial technology firm as some of the other banks are expected to do.