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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, January 15, 2015 | 14 B Competition in the banking world is good for consumers Canadian banks made a pro t of $33 billion last year and, to state the obvious, we are a very small country. Global banking pro ts are gigantic. These tech-savvy giants will offer competition for banking services, such as paying for purchases and transferring funds. Apple revolutionized the way music is distributed. Net ix gave consumers a better way of watching television and movies than traditional cable companies. The chief executive of cer of J. P . Morgan Chase, which is America's largest bank, said large tech rms, "All want to eat our lunch." Consumers want banking to be secure, simple and cheap. All of that has to be delivered to an increasingly mobile population. The challenge for the banks is to offer that experience. Many will argue that it will be easier for high-tech rms to learn about banking than for the banks to learn and adopt current technology to improve the banking services. With pro t in the billions on the line, you can anticipate traditional banks will invest signi cant dollars to meet the challenge of new competition and the changing needs of a mobile, tech-savvy consumer. anks make billions of dollars in profits. Some of the most successful and powerful high-tech companies, such as Google and Apple, want a piece of that action. The competition to be your banker of choice is about to heat up and that will be bene cial for us all. The only way a consumer will change their purchasing habits is if they get something better. So, by all means bring on the competition. The high-tech sector's motivation to invade the banking business is money. Dollars & Sense Guest Contributor Peter Watson Late last year, Royal Bank teamed up with MasterCard to develop a wrist band that identi es the person by their cardiac see Technology on p.15 ElEgant ElEgant inspiring inspiring bEautiful bEautiful you, you, at Zuri at Zuri fasHions. fasHions. WE CARRY A LARGE SELECTION OF VITAMINS, SUPPLEMENTS & HERBS 511 Maple Grove Drive, Unit #11 Oakville ( South of the QEW, East of Trafalgar ) THE 103 Reynolds stReet · Oakville, Ontario L6J 3K4 Corner of Lakeshore Rd E & Reynolds | t. 905.849.1316 INTR UCING INTRODUCIN LEAF TEA in 80 varieties in varie varie ieties ti ties FINEST LOOSE www.zurifashions.ca · e-store: www.shopify.ca Follow us @Zurifashions · like our Facebook Page Green tea, rooibos, , oolong oolong, white tea, herb and fruit, black tea, matcha, herbal and wellness tea. Gerry Weber, Simon Chang, Barbara Lebek, Spanner, Foxcroft, Linea Domani, Fred Sabatier, Mes Soeurs Et Moi, Eva Tralala, Samoon, Luna Luz, 2 Beading Hearts FREE Nutrition Consult with a purchase of $50 or more. Call 289 837-3591 www.walkersvitamins.com A fusion of JApAnese & Chinese Cuisine in the heArt of oAkville! Certified Auto Glass Technicians with 22 years of experience All windshield,door & back glass in stock We pay up to 100% of insurance Deductible · We deal directly with your Insurance Company · Life time Warranty against leaks · Stone chip repairs · Free Mobile Service · Free Pickup & Drop OFF d rs n this a Mentio dshield wipe in w e dels e o r F m t d and ge s to most make an Applie something neW coming soon to august 8 Dine in for All You cAn eAt 281 Speers Road Oakville ON lunCh or Dinner www.August8.cA 905.339.0339 1.855.339.0339 7 DAYs A week 4 Locations to serve you better! oAkville 280 north service road W. @ Dorval 905-338-6228 BurlinGton 834 Brant Street www.speersautoglass.ca n El iza be ye th cr W of ay tR d Ke rr St ee Qu Sp ee r sR rv al Dr oa d Do . We Do tAkeout! hAMilton 1 Wilson Street stoneY Creek 835 Paramount Drive 10% off Dinner only. Cash only & with this ad. W