The Globe and Mail reports in its Tuesday edition that more than 40 per cent of businesses are likely to ditch their main financial institution, says a recent survey by Modus Research. The Globe's David Berman writes that the survey found that 59 per cent of respondents said they were likely to continue using their main financial institution for their banking needs, leaving 41 per cent who were prepared to bolt. Modus boss Charlie Graves says: "This is pretty shocking data. When you have people who aren't in the 'very likely to continue' box, they're recognized as at-risk clients. They could flip out of the bank at any time." The survey comes at a time when traditional banks are dealing with competitive pressures from new financial technology, or fintech, firms that are striving to undercut incumbent players with simple on-line services and transparent fees. Some institutions scored better than others in the survey, though Modus did not release corporate names. Credit unions enjoyed the best results, with 22 per cent of their customers likely to leave. Among the biggest banks the results ranged from a high of 48 per cent who are at risk of leaving to a low of 31 per cent.