National Bank and Nest Wealth expand partnership
National Bank and Nest Wealth, a fintech, announced July 7 that they are expanding their partnership.
Through its corporate venture capital arm NAventures, National Bank will make an additional strategic minority investment in Nest Wealth. The Bank previously invested in Nest Wealth in 2017. The two companies will also extend the scope of their commercial agreement.
National Bank says the expanded commercial agreement will enable it to accelerate the development of some of its digital initiatives.
"National Bank is pleased to be enhancing its partnership with Nest Wealth with an additional minority investment and the expansion of the commercial agreement. We've been successfully collaborating with this talented team for many years now. This has allowed us to give Bank clients more online investment services. Our goal is to offer easy, fast and convenient solutions while promoting the value of financial advisory relationships. This is even more important in the current context," said Lucie Blanchet, Executive Vice-President – Personal Banking and Client Experience at National Bank.