Innovating for well over a century
Fast Company|September 2020
Innovating for well over a century
CANADA’S BIGGEST BANK TAKES A NEW PATH BEYOND BANKING

With more than 150 years in business, Royal Bank of Canada understands what it takes to stay relevant and successful. The ability to pivot is a key ingredient—and is why the bank launched RBC Ventures, to focus on products and services that go beyond banking.

RBC Ventures is led by Mike Dobbins, RBC’s chief strategy and corporate development officer, who founded it with a small group of innovators from within and outside the bank. RBC Ventures serves as an internal incubator for the parent bank—Canada’s largest based on market capitalization—working to nurture and support viable ideas from ideation to concept to reality. The goal: to build defensibly different products that improve lives, and, hopefully, draw new customers to RBC.

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September 2020