The team will receive a $100,000 cash prize*
MONTREAL, May 1, 2020 /CNW Telbec/ - National Bank is proud
to announce that the team Aquantix from Montreal has won the final round of the
Innovation Competition. Participants in this challenge were invited
to develop new fintech solutions to help individuals improve how
they save and manage their money. The finalists presented their
solutions to a jury at the Grand Finale, held yesterday evening in
virtual format.
Aquantix AI is a portfolio management platform that offers
real-time environmental, social and governance (ESG) risk
monitoring and analytics for global assets and investments. In
this way, Aquantix helps users make informed investment and asset
allocation decisions that reduce total exposure to these risks.
Quote
"I'd like to congratulate all the teams that
took on the challenge of proposing innovative wealth management
solutions. Your inventiveness and ability to identify clients'
needs are driving organizations to reimagine themselves and the
future of the industry. We're pleased to be able to continue to
support Aquantix in developing its idea, while promoting
entrepreneurship. This is all the more important in this difficult
time for businesses," said Martin
Gagnon, Co-President and Co-Chief Executive Officer of
National Bank Financial and Executive Vice-President, Wealth
Management at National Bank.
National Bank launched the Innovation Competition last fall in
partnership with Flinks, the OSMO Foundation and Fintech Cadence.
The goal of the Innovation Competition is to disrupt the wealth
management industry, support young entrepreneurs and change
Canadians' financial habits.
Link
- National Bank launches the Innovation Competition
* Subject to compliance with the rules for participating in
the Innovation Competition. Prize: $50,000 when the winning team is announced and
another $50,000 in 3 to 6 months,
once the additional conditions are met.
About National Bank of Canada
With $289 billion in
assets as at January 31, 2020,
National Bank of Canada, together
with its subsidiaries, forms one of Canada's leading integrated financial groups.
It has more than 26,000 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.
SOURCE National Bank of Canada