Sun Life building and Place Ville Marie, downtown Monteral

Finance Montreal has launched  the Montreal FinTech Station with financial support from the Quebec government, the organization announced on Monday.

The new station’s mission will be to support the development of new businesses in the financial technology sector as well as help major financial institutions with their digital transformation.

The new venture will be headed by Matthieu Cardinal, vice president, fintech development and corporate affairs, whose leadership contributed to the Canada FinTech Forum’s significant growth since its first edition in 2013.

“We hope to make the Montreal FinTech Station a state-of-the-art space that is dialed in to the global trends revolutionizing financial services. At the Station, financial sector players of all sizes will solve real business problems. Together, we will help create the financial solutions of tomorrow, to the benefit of companies and citizens,” said Matthieu Cardinal, in a statement.

“The Montreal FinTech Station will be Finance Montreal’s flagship project for years to come. It is the achievement of the team’s dedication, as well as the invaluable support of the Government of Quebec, which believed in our vision and to which we owe a debt of gratitude. This project will make it possible to develop Quebec’s fintech community and help bolster Montreal’s position as an innovative financial hub,” added Louis Lévesque, chief executive officer of Finance Montreal.

The new station will open in downtown Montreal in the fall of 2019.