NATIONAL BANK OF CANADA
“Corporate venture funds are always going to be smaller , so you need to nurture the ecosystem ”
PHILIPPE DAOUST VICE PRESIDENT & MANAGING DIRECTOR , NATIONAL BANK OF CANADA
For example , NAventures is collaborating with FinTech partners to put out new offerings . One such collaboration could be with Nova Credit , which would allow NBC to better determine the creditworthiness of new arrivals and offer better credit options right from the onset . Another focus area is leveraging AI to improve operations within National Bank .
NAventures ’ collaboration extends to healthcare as well . For instance , telemedicine is implemented through the investment in Dialogue to improve the employee environment by offering healthcare services .
Through this extensive partner ecosystem , NBC integrates external innovations and strategic insights , driving long-term growth and maintaining its competitive position in the financial industry . nbc . ca 17