RBC and Rogers Cybersecure Catalyst unveil a new program to enhance cybersecurity and fintech innovation
Rogers Cybersecure Catalyst at Toronto Metropolitan University, in collaboration with RBC, has announced the launch of the RBC FinSec Incubator.
This promising new initiative aims to assist emerging fintech and cybersecurity startups in addressing the intricate demands of the financial sector.
The program is designed to help early-stage companies enhance their product security and resilience, achieving a fit between their products and the market needs.
The RBC FinSec Incubator will provide startups with the opportunity to display their technologies to industry experts and potential investors, build connections within the finance sector, and grasp industry procurement requirements, all while benefiting from RBC’s substantial support.
“We are excited to launch the RBC FinSec Incubator, which is a major advancement in our commitment to innovation in the cybersecurity and fintech sectors,” stated Angelo Casanas, director of Innovation at Rogers Cybersecure Catalyst.
“This program is uniquely designed to assist startups in refining their technologies and gaining vital insights into the financial industry’s complex ecosystem.”
Adam Evans, senior vice president and CISO at RBC, also emphasized the strategic alignment of the program with their goals. “The RBC FinSec Incubator is perfectly aligned with our mission to foster innovation and security within the broader financial services sector,” he said.
“By collaborating with these startups, we are working to enhance the security and resilience of financial services for Canadians."
The program is available to early-stage startups that meet several criteria:
- Possess a compelling fintech product that requires enhanced cyber and risk practices to meet the high security standards of the financial services ecosystem; or a tech-enabled product that addresses a significant cybersecurity challenge within the financial services industry.
- Have a Minimum Viable Product (MVP) that is either currently undergoing or about to start market validation/commercialization processes.
- Operate or plan to establish operations in Canada.
- Have been established within the last five years.
