Québec’s metropolis joins forces with TechnoMontréal and positions itself to become a financial technology development centre
Montréal, May 22, 2014 – The second edition of the Montréal FinTech Forum, whose theme is Digital Innovation: An Extraordinary Lever for Finance, will take place on October 15, 2014 at the Palais des congrès de Montréal. Under the honorary chairmanship of Louis Vachon, President and Chief Executive Officer of the National Bank of Canada, the FinTech Forum features 23 speakers and panelists, networking activities and three contests—each with a $10,000 prize for university students and entrepreneurs who develop IT solutions for finance. The event’s topics are the evolution of mobile payments, venture capital and the FinTech sector, the impact of social media on financial services, continuous delivery of technology solutions, and Big Data and financial services. The following are just a few of the speakers who will be attending the Montréal FinTech Forum:
- Denis Coderre, Mayor of Montréal
- Monique Leroux, President and Chief Executive Officer, Desjardins Group
- Antonio Massanell Lavilla, General Manager, CaixaBank (named the world’s most innovative bank in 2011 and 2013 by the Bank Administration Institute)
- Frank R. Martire, Chairman and CEO, FIS (ranked first in the FinTech 100, an American Banker, Bank Technology News and IDS Financial Insights collaboration)
- Kirstine Stewart, Managing Director and Head of Canada, Twitter
According to Eric Lemieux, Chief Executive Officer of Finance Montréal and International Financial Centre Montréal, “Financial services depend on two things: talent and technology. In 2013, at the first FinTech Forum, Léo Apotheker, former CEO of SAP and Hewlett-Packard, outlined six essential factors to turn a city into a global technological hub:
- An activity that serves as a catalyst
- A highly qualified employment pool and world-class universities
- A culture of start-ups and collaborative networks
- Venture capital
- Stable legal and tax systems
- Business acumen
Realizing that Montréal had significant strengths with respect to the last five criteria, Finance Montréal decided to act and make the FinTech Forum the catalyst leading to the development of these two industries in Québec’s metropolis” concluded Mr. Lemieux.
Pierre Matuszewski, Chief Executive Officer, Societe Generale (Canada) and President of the FinTech Forum Organizing Committee, added: “For the first time in history, technology is causing disruptive changes in financial institutions’ business models. This exuberance is fascinating but comes with significant challenges. In fact, advances such as digital currencies, crowdfunding, mobile payments and the continuous delivery of financial services are bringing up new issues for consumers and investors. The financial services industry must adapt— in terms of security, client experience, regulation —to remain competitive. And technology is an inevitable part of all this. The purpose of the FinTech Forum is to help local companies seize international opportunities. The three contests are a good way to support college students and early-stage entrepreneurs. Furthermore, this year’s internationally renowned speakers will help put Montréal and its leading-edge industry on the world radar. We intend to provide participants with an experience that fosters innovation and advancement.”
Lidia Divry, Executive Director of TechnoMontréal, the information and communications technologies (ICT) cluster of the Greater Montréal region, stated, “We are thrilled to be working with Finance Montréal, which supports a promising sector in Montréal’s ICT industry. Greater Montréal’s strategic advantages, such as its successful innovation ecosystem and its competitive, high-bandwidth digital infrastructure network, are sure to make it a world-class financial and technological centre.”
For its 2014 edition, the FinTech Forum is teaming up with Innovation for Financial Services, which is holding its annual conference on October 16 and 17, also at the Palais des Congrès de Montréal. The two organizations will collaborate by having speakers take part in both events. Innovation for Financial Services aims to build connections between financial services professionals and academics, enabling the latter to present their work and encouraging discussion on the latest developments in innovation in financial services.
The FinTech Forum Organizing Committee is made up of representatives from several organizations, including Societe Generale (Canada), TechnoMontréal, CGI, The Montreal Exchange, Desjardins Group, the Computer Research Institute of Montreal, Boston Consulting Group, Inovestor and Finance Montréal. Go to the Montréal FinTech Forum site to see the entire schedule and register for the event.
About Finance Montréal
Finance Montréal, Québec’s financial cluster, was created in 2010 by players in the financial services industry at the invitation of the Québec Government. Finance Montréal’s mission is to enhance Montréal’s reputation as a strong, innovative and world-class financial hub. The organization helps strengthen Québec’s financial sector by generating growth and supporting high value-added financial activities strategic to its development. Finance Montréal brings together 23 Governor Members, 13 Associate Members and close to 100 volunteer professionals. It fosters cooperation among a vast range of financial sector companies to watch over the industry’s common interests while raising awareness of the financial specializations found in Montréal. To learn more about Finance Montréal, visit www.finance-montreal.com.
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