The oldest money in Montreal is looking at becoming the next big thing in the finance sector. The Canadian establishments have started to invest in financial technology startup business. It is now seen that the Hydro Quebec has chosen Holt Fintech Accelerator to be part of their family business.
They are looking to attract more than 400 applications from startups all over the globe and fight for the top 10 spots at Holt Fintech Accelerator. The winners of this contest will be getting a golden opportunity to rub shoulders with the best AI scientists and also gain access to the international bankers’ network.
Holt Dunn, the great grandson of Sir Herbert Holt, said that their family is known for being a world class leader in financial business. They are looking to see if the scions can recreate the magic that their ancestors did. Fintech is all set to explode and there will be adoption of the digital payments. Also, new AI based strategies and computer based investing is sure to detect bank frauds and other things.
All the leading banks are spending millions of dollars to convert themselves into tech companies. Canadians have yet not shifted to Fintech. They are tuned to the top five banks as they do not have a wide choice like the Americans.