MONTREAL, Oct. 29, 2019 /CNW Telbec/ - National Bank
is launching the Innovation Competition, a large-scale challenge
that will bring together Canadian fintech startups, students and
other teams of individuals from across Canada. Participants will develop new
solutions to help individuals save more efficiently and manage
their money. The Bank is committed to fostering innovation in the
wealth management industry, supporting young entrepreneurs and
making a difference in financial habits across the country.
The competition, created in partnership with Flinks and OSMO,
will take place over a 6-month period. Finalists will get the
opportunity to pitch their business and technology solutions to a
panel of National Bank executives, venture capitalists and tech
leaders. Teams have a chance to win a $100,000 cash prize*. Applications will be
accepted until December 20, 2019, and
the Grand Finale will take place on April
30, 2020.
Quote
"National Bank has been working closely with top fintechs for
many years now. They play a key role in enhancing the quality of
our service offer and in promoting entrepreneurship and technology
in society at large. I'd like to invite startups, students,
innovators, and teams of individuals to take up this innovation
challenge with us," said Louis
Vachon, President and Chief Executive Officer of National
Bank.
For more information, visit nbc.ca/innovation-competition
* Prize awarded: $50,000 when the winning team is announced and
another $50,000 in 3 to 6 months,
provided the team submits a business plan to the organizer's
satisfaction and demonstrates sufficient progress toward developing
the product in question.
About National Bank of Canada
With $276 billion in assets as at July 31, 2019, National Bank of
Canada, together with its
subsidiaries, forms one of Canada's leading integrated financial groups.
It has more than 25,000 employees in knowledge-intensive positions
and has been recognized numerous times as a top employer and for
its commitment to diversity. Its securities are listed on the
Toronto Stock Exchange (TSX: NA). Follow the Bank's activities
at nbc.ca or via social media such as
Facebook, LinkedIn and
Twitter.
About Flinks
Flinks is a leading data
company that empowers businesses to provide better financial
services to consumers. Flinks helps banks and fintechs connect
users with services they'll love, enrich their financial data and
utilize it. Founded in 2016, out of Montreal, Canada, Flinks is trusted by
hundreds of world-class companies, helping them improve their
digital experiences, build better products and optimize their
processes, paving the way for the future of finance. For more
information, visit flinks.io.
About OSMO
As a non-profit organization,
OSMO's mission is to provide a platform for ecosystem development
of local startups and to ensure that Montreal is in the top 20 of the global
startup ecosystem. Thanks to Notman House, its flagship project,
OSMO offers a vibrant and accessible environment for all, promotes
collaboration, knowledge transfer and sharing of know-how between
the various actors of the entrepreneurial community. OSMO also took
part in the inception of organizations such as Innocité, the
Montreal Startups Ecosystem Report, Montreal Startup Awards and AI
For Good Summer Lab. For more information, visit
www.osmomtl.org.
SOURCE National Bank of Canada