Two major Fintech announcements from Montréal!

published on February 6, 2020
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Part of Montréal’s continued success in world finance comes down to the city’s dedication to the latest advancements in finance and technology – a true centre in Fintech. And this year, Montréal has two major Fintech-related announcements to share with the world – the new AMF-Finance Montréal Research Chair and the Montréal FinTech Station incubator!

A new chair of knowledge and research

With four major universities in the city, Montréal is a leading city of knowledge with more than 31,000 students enrolled in finance, IT and banking-related programs and 10,000 graduates in the field. And providing these students, researchers and developers with a leading edge in Fintech education, the ESG UQAM (the École des sciences de la gestion of Université du Québec à Montréal) has announced the AMF-Finance Montréal Research Chair in collaboration with the AMF (the Autorité des marches financiers) and Finance Montréal. Led by ESG UQAM Professor Richard Guay, the AMF-Finance Montréal Research Chair will allocate funds and support to universities across Québec working in FinTech developments and research.

A new hub of FinTech innovation

Housed in architect I. M. Pei’s iconic Place Ville Marie, the Montréal FinTech Station offers 25,000 square feet of office and meeting space for FinTech-related startups to flourish and interact under the same roof. More than just an incubator of new Fintech companies, the FinTech Station’s activities will create new investment opportunities, enhance the Fintech ecosystem’s economic spin-offs and accelerate the digital transformation of major financial institutions, activities sure to set the tower – and world – abuzz.

Advantage MTL

Montréal is home to over 3,000 financial organizations, employing over 100,000 skilled workers (25,000 of whom are financial specialists), and a true financial capital on the world stage. And last year’s Global Financial Centers Index (GFCI) ranks the city ahead of other major players like Geneva, Washington DC, Taipei and Seoul. And Montréal’s world-leading role as a tech innovation hub puts the city at the forefront of global Fintech developments and research.

The city’s ranked as the world’s largest ecosystem for cryptocurrency and blockchain startups, and home to trendsetters like Lightspeed, Mobeewave and Blockstream. Montréal is also home to SCALE AI, the only Canadian AI supercluster, as well as the Montréal Exchange (MX), Canada’s oldest stock exchange. And given Montréal’s forward financial thinking, the city is the perfect host for the 8th Canada FinTech Forum in September 2020, which will welcome over 3,000 delegates and more than 120 speakers to the Palais des congrès de Montréal.

Read this next: A world of choice awaits at Time Out Market Montréal

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