Greater Montréal’s fintech industry adds 50 new jobs
Montréal, November 30, 2016 – Adaptive Financial Consulting, a British fintech company, announced the opening of a North American research and development centre in Greater Montréal as part of its global expansion strategy. The new subsidiary, Technologies Adaptive Inc., plans to create 50 jobs over the next three years.
“Investing in Greater Montréal was the obvious choice for Adaptive Financial Consulting, as we are pursuing an ambitious expansion strategy to break into the North American market,” said
Marc-Antoine Latour, Director, Technologies Adaptive. “Greater Montréal has everything we need: competitive operating costs, highly skilled workers, and organizations such as Montréal International and Investissement Québec that can provide strategic support. What’s more, as I am from the area, we are very familiar with the Montréal market.”
Technologies Adaptive specializes in e-commerce fintech and provides financial sector companies with bespoke software solutions.
“After attracting video games and special effects companies, Québec is now a prime destination for fintech companies, and that’s not at all surprising. Such innovative companies are looking for top graduates, complementary businesses and an investment-friendly tax environment—and that’s precisely what we can offer them. Adaptive’s investment project will generate considerable spin-offs for the industry and will create high-quality jobs in the city,” said Pierre Gabriel Côté, President and CEO of Investissement Québec.
“The arrival of a top global player such as Technologies Adaptive cements Greater Montréal’s position as an attractive business destination and highlights the soundness of the region’s financial sector, which employs close to 100,000 workers across 3,000 businesses,” added Hubert Bolduc, President and CEO of Montréal International. “The region is becoming increasingly known for its technological development and fintech movement, which help companies rethink business models, access more markets and innovate by developing new products.”
Created in 2012, Adaptive Financial Consulting is a British company founded by four experienced and respected IT and finance professionals. The group employs over 80 staff across offices in London, Barcelona and Montréal. Adaptive is a leading Reactive Systems technology consultancy, whose unique skills and experience deliver superlative results.
About Montréal International
Established in 1996, Montréal International is a non-profit organization funded by the private sector, the governments of Canada and Québec, the Communauté métropolitaine de Montréal and the City of Montréal. Its mission is to attract foreign investment, international organizations and skilled talent to Greater Montréal.
About Investissement Québec
Investissement Québec’s mission is to foster investment in Québec in order to support economic growth and job creation in all of the province’s regions. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees, and equity investments, to support them at all stages of their development. It also administers tax measures and works to attract foreign investment.
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