Tech giant IBM joins fintech hub at MaRS to focus on cognitive technologies

TORONTO - IBM will be joining the fintech hub at Toronto's MaRS discovery district, becoming the first technology tenant in a space currently occupied by financial services companies. The technology giant will move into the hub in the coming weeks, joining the likes of CIBC, Manulife and payment processor Moneris. Adam Nanjee, who heads up the fintech cluster at MaRS, says the so-called C Suite is meant to act as a bridge between larger corporations and tech-savvy startups. For companies, the fintech hub provides opportunities to partner with startups working on cutting-edge, potentially disruptive technologies. These partnerships have the potential to lead to investments and acquisition offers -- a huge benefit for the startups.