The Financial Post reports in its Friday edition that the head of RBC does not expect the lender's dominance to be tested by fintechs looking to scale up their presence in the banking sector using artificial intelligence. The Post's Naimul Karim quotes RBC chief executive officer Dave Mckay saying the bank has enormous scale to create and quickly deploy technologies in its business model. "Is there anything inherent in a patent or a capability that we can't do? The answer is absolutely not," he said on a call with analysts on Thursday. "There's nothing we see out there that we can't do just as quickly." Canada's financial sector is heavily dominated by the Big Six banks, and Ottawa is looking to boost competition by introducing a series of measures -- from cutting fees to simplifying the process of switching chequing accounts -- to encourage smaller players, such as fintechs, to grow. Canadians don't tend to switch banks, but recent surveys say that trend may be changing, giving fintechs, credit unions and smaller banks a rare opportunity in a sector that has been dominated by the Big Six for decades. An Environics survey found account switching the highest it has been in the 20 years the study has been running.