GROWTH THROUGH PARTNERSHIP
Robert Paterson
GROWTH THROUGH PARTNERSHIP
As the bank grows to compete with the Big Five , Paterson is keenly aware that Alterna can ’ t do everything by itself . Now , the bank is renowned for its collaboration with startups as well as larger software giants . “ We ’ ve built a tremendous reputation in the industry with fintechs , both domestically and globally ,” he comments . “ They see that we are advocates for them . We ’ re not like the larger institutions that say : ‘ If you deal with us , you can only deal with us exclusively in the Canadian marketplace .’
“ We realize it has to be a win-win and we don ’ t overcomplicate agreements . This allows us to get to market quickly on things that are going to create less friction in the banking experience . That has become a core strength . For our staff , it ’ s fantastic to have the experience of working with other agile , innovative companies ,” Paterson adds , noting that the company is approached proactively by fintechs on a regular basis .
A key partner for Alterna has been Backbase , one of the premier UX interfaces for mobile and web , with
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Robert Paterson
EXECUTIVE PROFILE
Rob is President and Chief Executive Officer of Alterna Savings and Credit Union and Alterna Bank , positions he has held since April 2013 . Prior to joining Alterna , Rob worked in financial services for over 25 years and has held executive positions within such companies as CIBC , JP Morgan CHASE , Aon Corp , and McKinsey & Company . He sits on the Board of Directors of the Co-Operators , Central 1 , Alterna Bank and Enactus . Furthermore , Rob advises many Fintech start-ups across Canada .
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