For the second year in a row, RBC was recognized as the Financial Institution of the Year at the Annual Fintech & AI Awards, hosted by the Digital Finance Institute. The awards show, was held at the Carlu's glittering ballroom in downtown Toronto, with hundreds of guests from startups, banks, investment firms, and others from the Canadian tech ecosystem.
The Canadian Fintech & AI Awards celebrate Canadian innovation by recognizing outstanding companies in the regulatory tech, blockchain, AI, and fintech spaces, as well as choosing an Accelerator and Financial Institution of the Year. Canada is at the forefront of financial technology, and the quality of companies nominated for each award was a clear illustration of the creativity and innovation of Canadian entrepreneurs.
Other nominees in the category of Financial Institution of the Year included BMO, Canadian Tire Financial Services, CIBC, Scotiabank, Servus, VersaBank, Steinbach Credit Union, and Vancity.
I had the honor of accepting the award on behalf of RBC and it is humbling to be recognized by our peers & the industry for driving innovation & technology in our core products and services as well as our continued commitment & passion in supporting the Canadian fintech and entrepreneurial ecosystem. At RBC, we're focused on delivering next-generation technology capabilities including data analytics & AI, blockchain, cybersecurity, voice, identity, location intelligence and payments. We are extremely passionate & as committed as ever to playing a big role in the amazing Canadian ecosystem.
I could not be prouder of the the entire Team, coast to coast here in Canada & around the world including the US, UK, Luxembourg, Singapore, Malaysia, Australia, China, Hong Kong and The Caribbean.
#OneRBC #RBCproud #OneTeamOneDream
In Demark, the tech ecosystem is thriving. It was named the ‘most digital country’ in Europe according to the 2017 Digital Economy and Society Index. And Forbes expects that this year, Demark will be breaking records when it comes to venture capital raised. While Apple has recently scooped up two Danish startups.
For Canada’s part, the Denmark tech ecosystem is so promising that last year the government of Ontario and the Nordic country penned a Memorandum of Understanding (MoU) that aims to accelerate the collaboration between the Danish and Canadian fintech ecosystems. The MoU focuses on three main emerging technologies – blockchain, artificial intelligence (AI) and cybersecurity.
Leading the charge in this pursuit is Copenhagen FinTech, which is the first and largest Nordic fintech working space and incubator. The over 200 startups who work with the incubator receive access to the extensive Copenhagen FinTech network, which stretches from across Norway, Sweden and Finland to other global hubs in Silicon Valley, the United Kingdom, and Singapore. The lab also offers mentorship to member companies and three-month incubation programs for ambitious entrepreneurs to develop their ideas into viable fintech companies. The Nordic region’s tech ecosystem is internationally renowned in emerging technologies like AI, blockchain and cybersecurity – technologies that RBC believes will fundamentally impact the future of banking.
At RBC, we’re committed to investing in and collaborating with the fintech community. That’s why we’ve signed on as Copenhagen FinTech’s first North American Global Partner sponsor.
With the ambition of building new relationships between Demark’s startups and key players in Ontario’s fintech community, we’re one of the first Canadian companies to help usher in a new era of collaboration between these two ecosystems.
Since partnering, we’ve seen how vibrant the Nordic region’s fintech community is. We’re excited to continue to learn from the best and brightest minds in the world with the aim of continuing to grow and support Canada’s innovation ecosystem.
Although Crowdfunding volumes in Canada grew 48% from 2013 to 2015 and reached $133m in 2015, it's growing much slower than leading international comparators such as the U.S. and U.K. where online alternative financing volumes are reported at USD 36bn and GBP 3.2bn, respectively. Having said that, the Canadian Market was predicted to reach $190m last year, confirming it to be a genuine source of seed and growth capital for companies seeking funding.
After an amazingly successful VanFunding 2016 in BC late last year, the 3rd annual Canadian Crowdfinance Summit (#CCS2017) is upon us already.
Held at MaRS in downtown Toronto, it is Canada's largest national conference providing the most comprehensive thought leadership, education, networks, funding and investment opportunities to 500+ participants in Canada’s rapidly growing internet finance and fintech crowdfunding industry.
I'm excited to be speaking about the Canadian FinTech ecosystem alongside 75+ experts including Eva Wong of Borrowell, Janet Bannister of Real Ventures and Sue Britton of FinTech Growth Syndicate.
Events like these don't just magically arrange themselves, so a big thanks to the NCFA for once again supporting and educating the wider ecosystem.