Croesus announces the official launch of Croesus Lab

17 May Croesus announces the official launch of Croesus Lab

Montréal, Québec, May 17, 2018 – Croesus today introduces Croesus Lab, an initiative that encourages technological innovation within the company.

This initiative is in line with Croesus’ desire to push the boundaries of its current solutions and to constantly add new service offerings. The Lab will allow teams to explore cutting-edge technologies and to better understand how the company can overcome new challenges by integrating new technologies such as artificial intelligence, blockchain and augmented reality.

Croesus Lab differs from other industry labs in that it is established within existing teams. The model, inspired by Google Research, has been adapted to Croesus’ reality as a SME. The advantages of this approach enable the company to reduce time to market while avoiding knowledge transfer and maximizing the number of projects undertaken.

The very foundations of the Lab are based on collaborative partnerships. Projects have already begun in tandem with two Canadian universities and the CRIM. In the long term, Croesus’ goal is to establish relationships with other industry players such as client research centers. The company also aims to support and guide clients such as TD, CIBC, National Bank Financial, IAVM and Desjardins, through the industry’s technological evolution by leveraging the Croesus Lab.

“The Croesus Lab is an important step in the company’s evolution. This is an opportunity to enhance our internal capabilities with access to state-of-the-art resources and specialized knowledge. It is also a way to give back to the Fintech community thanks to the expertise of our dedicated employees” stated Croesus President, Mr. Sylvain Simpson.

About Croesus
Since 1987, Croesus has been providing sophisticated wealth management solutions to financial institutions throughout North America. Currently, 14,000 investment professionals use Croesus solutions to manage over $1 trillion in client assets. With its 180 dedicated employees, Croesus has built a reputation on the ability to efficiently transform data into information, develop portfolio management solutions to drive efficiency and deliver business intelligence for fact-based decision-making. Croesus works with its clients as partners, and the company’s goal is to ensure their long-term success. To add value, Croesus actively listens, learns and engages with them to develop technology solutions that are innovative, flexible and secure. Over the years, the company has built a culture based on core values related to work/life balance, personal development and giving back to the community. Croesus is a “PME en lumière 2016” winner and is recognized as one of the “Gold Standard winners of the Best Managed Companies”, “Remarkable Employer—Ethnocultural Diversity”, “Canada’s Top Small & Medium Employers”, and one of the “top 300 most important companies in Quebec”. Croesus’s offices are located in Montreal, Toronto and San Diego.