RBC eyes Silicon Valley talent at fintech hub: Reuters
Royal Bank of Canada wants to team up with Silicon Valley's brightest talent to position itself at the forefront of new financial technologies, Vice President of Innovation Gabriel Woo said in an interview with Reuters. The bank, Canada's biggest lender, has launched an "innovation lab" in Silicon Valley, where it will identify and work with local "fintech" startups, Woo said. Fintech ventures, usually startups, develop technology ranging from loan, insurance and payment services to cloud data storage on smartphones. According to KPMG, global investment in fintech companies totaled US$19.1 billion last year.
9 June 2016•2 mins read
