Finance Montréal Collaborates with IBM

Finance Montréal Collaborates with IBM

Finance Montréal announced a new partnership with IBM which will help FinTech start-ups in Montreal accelerate their growth and connect with like-minded enterprises. Through the partnership, qualifying FinTechs will have access to IBM technology, as well as its leading experts, data and resources designed to help guide and jumpstart entry into the marketplace.

Finance Montréal was created in 2010 to develop and promote Québec's financial services industry. The organization works to enhance Montreal's reputation as a world-class financial hub and fosters cooperation with local businesses to attract talent and investment from around the world.

The partnership between IBM and Finance Montréal includes up to $10,000 USD each month, up to a maximum of $120,000, in IBM public cloud credits for eligible start-ups in their first year of business. FinTechs will be able to access IBM public cloud to leverage higher value services and software, including Watson, IBM Blockchain, IBM Analytics and IBM Security.

The partnership also includes access to online tutorial trainings, lunch and learns from local AI experts, and innovation sessions twice a year about emerging technologies and the evolution of AI. Through the Montréal FinTech Station, FinTechs in residency will also access IBM Garage and Design Thinking methodology sessions, enabling them to deliver customer-focused solutions at an accelerated go-to-market pace.

"At the Montréal FinTech Station, we strive to provide our start-ups with services that go beyond simply renting a workspace," said Matthieu Cardinal, Vice-President FinTech Development and Corporate Affairs. "Thanks to our partnership with IBM, we can now give those start-ups access to a full suite of cutting-edge technology that will increase their capacity to bring quality solutions to market."

"Whether you're looking to disrupt an industry or create meaningful solutions that change people's lives, more and more of our clients are leveraging IBM public cloud solutions and capabilities to drive innovation," said Denis Desbiens, President, IBM Quebec. "We look forward to growing this ecosystem with Finance Montréal and FinTechs around the world as they scale their solutions on an open and secure platform that will change the way we work."

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