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.
Highlights
- The partnership will be based on data-driven innovation.
- The agreement will give the IVADO's researchers access to the
Bank's business environment to supply information for their
research work and drive innovation in financial services with
applications that meet industry needs.
- National Bank will be collaborating with various IVADO partners
including HEC Montréal's Tech3Lab, the most important user
experience (UX) lab in North
America.
- Targeted initiatives, especially internships for students in
the field of artificial intelligence, will help support networking
between universities and organizations.
- Together with IVADO, National Bank will encourage the sharing
of best practices in data management, analysis, and governance with
not-for-profit organizations.
- The IVADO is a Campus Montréal project—a joint initiative
between HEC Montréal, Polytechnique Montréal, and the Université de
Montréal—to which National Bank made a historic $10 million donation in 2013.
Quotes
"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