UKDigitalFinance19

Desjardins launches $45 mln fintech fund, invests in X-Telia

Desjardins announced a new fintech investment pool to support businesses that use innovative operational, technological or economic models to address existing or emerging issues. The strategic investment pool was developed exclusively for Desjardins Group to fund initiatives that stand to benefit its members and clients. The investment pool will be managed by Desjardins Capital, the private investment arm of Desjardins Group.

Through these investments, Desjardins aims to:

Significantly improve the member/client experience by accelerating its digital transformation
Identify opportunities for investing in technology and new business models to help the organization simplify processes, boost productivity, sustain its growth and continue to offer distinctive products and services
Ensure access to the best financial technologies in the world

“Digital transformation is fundamentally changing the relationship between consumers and businesses in many industries, including the financial services sector. With this investment pool, Desjardins will be able to broaden its role as a socioeconomic leader by connecting members, communities and businesses, while engaging with these stakeholders on digital platforms,” said Guy Cormier, President and CEO of Desjardins Group.

 

Re-disseminated by The Asian Banker

Diary of Activities
Digital Finance Leadership Programme 2019
29 July - 02 August 2019 | United Kingdom