Holt Fintech Accelerator is bringing 13 startup teams to participate in a 12-week program in Montreal, the program announced Monday.
Founded earlier this year and named after Sir Herbert Holt, the pioneer developer of Hydro-Quebec, the Montreal-based accelerator program gives participants access to “hands-on help through committed financial institutions, venture capital firms, partners, training sessions, world-class mentors, immersion in the fintech environment, financial investments and more,” Holt says in a news release.
Among the 13 finalists, “there is a rich diversity of selected fintechs, in which cross pollination of ideas and networks, will certainly contribute to creating a better society,” Jan Christopher Arp, managing partner, says in a statement.
A few of the services aim to improve advisors’ practices and relationships with clients. These include: Commercial Passport, a Toronto-based startup that uses blockchain to automate aspects of know-your-client and client on-boarding; KapitalWise, a New York-based fintech that uses artificial intelligence to design tools that improve financial literacy (including financial wellness scoring and cash flow forecasting) and improve relationships between clients and advisors; and Vancouver-based Owl.co, a company that offers compliant virtual agents that allow highly regulated institutions (like banks and insurers) to offer personalized services without compromising security.