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.
"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.
* 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 .