chapter spotlight: PRMIA Edmonton
Edmonton is the capital of the Canadian province of Alberta. Located on traditional territories of several First Nations along the North Saskatchewan River, Edmonton’s economic development was driven for a long time by trade and transportation. In the early twentieth century, Edmonton became a transportation hub known as the “Gateway to the North” thanks to construction of railways, oil and gas pipelines, and an airport. While Edmonton is still a major centre for the oil, gas, and petrochemical industries, its economy has diversified in many sectors, such as agriculture, education, financial services, health sciences, manufacturing, and technology. Edmonton is home to several banks, credit unions, and financial institutions, notably: •
ATB Financial is a financial institution that is owned by the Government of Alberta and serves over 240 communities across Alberta.
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Canadian Western Bank is an exchange traded and federally regulated bank providing specialty business banking services and personal banking options.
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Servus Credit Union is Alberta’s largest credit union and a member-based and provincially regulated financial institution.
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Alberta Investment Management Corporation (AIMCo) is an institutional investor that manages assets of provincial public retirement programs, endowments, and government funds.
In recent years, Edmonton saw an emergence of technological companies, including companies in the financial technology (fintech) sector, such as:
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AlphaLayer provides investment management solutions based on machine learning.
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Trust Science offers automatic loan underwriting using a data-driven approach.
Intelligent Risk - February 2022
