National Bank of Canada Report July 2024 | Page 10

NATIONAL BANK OF CANADA
NAventures is fundamentally an internal initiative , meticulously crafted to support and advance the bank ’ s innovation and strategic goals . Its primary mission revolves around fostering internal growth and enhancing the bank ’ s core operations . “ By focusing on improving IT capabilities , acquiring new clients , and enriching the employee environment , NAventures aims to integrate innovative solutions directly into the bank ’ s framework ,” says Philippe . This approach ensures that the initiatives undertaken are closely aligned with the bank ’ s longterm strategic objectives , creating value for both the institution and its customers .
“ Essentially , NAventures is about internal enhancement and strategic alignment , aiming for a sustainable , long-term impact on the bank ’ s overall performance and competitiveness ,” he adds . What excites him most about this role , however , is contributing to the startup ecosystem in Canada . “ Although it may sound a bit cheesy , our ecosystem isn ’ t as mature as those in the US , UK or Singapore . Being part of its development is incredibly exciting for me . If you look at today ’ s stock exchanges , the largest companies by market capitalisation are tech companies . A country that doesn ’ t produce tech companies risks falling behind in economic value .”
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