MONTREAL, May 15, 2017 /CNW Telbec/ - National Bank and the Institute for Data Valorization (IVADO) are proud to formalize a partnership to support the development of Montreal's data science ecosystem. Through this agreement, the Bank and the Institute will promote innovation in the financial services industry, increase networking between universities and the private sector in the field of artificial intelligence, and encourage philanthropic data analysis initiatives.
National Bank is a founding member of the organization and the only representative from the banking industry. Founded in Montreal in 2015, IVADO aims to bring together industry professionals and academic researchers to develop cutting-edge expertise in data science.
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"Artificial intelligence is the backbone of the Fourth Industrial Revolution and National Bank is proud to be associated with the IVADO ecosystem and its team of researchers. Developments in technology are bringing about major change in the banking industry and many other sectors as well. In light of this, we believe that supporting environments that foster innovation is strategically important and our partnership with IVADO will contribute to this goal. This is a promising collaboration with spinoffs that will benefit many facets of our society," stated Christian Faubert, Vice-President – Information Technology, Data and Content Integration Services at National Bank.
"With National Bank signing on as a founding member, the IVADO will receive significant support in terms of research and the transfer of technology in the field of finance. We're extremely pleased with this new collaboration which will no doubt give rise to several innovative development projects," stated Valérie Bécaert, Director of Partnerships and Knowledge Mobilization at IVADO.
About National Bank of Canada
With $234 billion in assets as at January 31, 2017, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 21,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
About IVADO
Founded by the Université de Montréal, HEC Montréal and Polytechnique Montréal, the IVADO aims to bring together industry professionals and academic researchers to develop cutting-edge expertise in data science, operational research and artificial intelligence. In essence, the IVADO creates opportunities for knowledge exchange and collaborations between the specialists, partners, researchers, and students in its network.
The objective of the IVADO is to be the link between academic expertise and the business needs of organizations, from multinational corporations to start-ups. With over 900 affiliated scientists (researchers, post-docs, PhD candidates, and research associates), the IVADO is an advanced multidisciplinary centre for knowledge in sectors including statistics, business intelligence, deep learning, applied mathematics, data mining, and cybersecurity.
SOURCE National Bank of Canada
National Bank: Catherine Deshaies, Advisor - Public Affairs, 514-412-1320, [email protected]; IVADO: Sandra Estrela, Coordinator, Member Services, 438-824-7244, [email protected]
Founded in 1859, National Bank of Canada offers financial services to individuals, businesses, institutional clients and governments across Canada. We are one of Canada’s six systemically important banks and among the most profitable banks on a global basis by return on...
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