In December 2017, the Government of Ontario and Copenhagen FinTech signed a memorandum of understanding (MoU) to create a partnership between the Danish and Ontario FinTech ecosystems. The MoU focuses on three main emerging technologies – blockchain, artificial intelligence (AI) and cybersecurity.
RBC has since signed on as Copenhagen FinTech’s first North American Global Partner Sponsor.
“The Nordic region’s tech ecosystem is internationally renowned in emerging technologies like AI, blockchain, and cybersecurity – technologies that RBC believes will fundamentally impact the future of banking,” said Alexander Peh, the vice-president of innovation at RBC. “We’re excited to support Copenhagen FinTech, the largest FinTech accelerator in the Nordic region, and be one of the first Canadian companies to help usher in a new era of collaboration between these two ecosystems.”
As part of the partnership, RBC has supported Copenhagen FinTech in delivering thought-leadership initiatives, including an event in October for AI leaders in Toronto.
“Canada and Toronto are a global powerhouse for artificial intelligence. During our visits we have been truly impressed with the talent, research and the hundreds of AI and machine-learning ventures ranging from health and clean tech to financial tech,” said Thomas Krogh Jensen, the chief executive officer of Copenhagen FinTech. “We see that Toronto’s tech industry is booming right now and we think that we can both learn a lot, but also provide an attractive market opportunity to the companies thinking about scaling their services to the Nordic region and rest of Europe.”