PRESS RELEASES
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.
* 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 close to 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.com .
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.
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