Tagged: scotiabank

Finastra’s Core Solution to Help Belize Bank Achieve Business Expansion Goals

Finastra recently announced that The Belize Bank Limited, one of the largest banks in Belize, providing retail, corporate and commercial banking services, “successfully migrated the business of Scotiabank (Belize) Limited onto the Fusion Essence core banking platform following an acquisition facilitated by its parent company,… Read More

Scotiabank Introduces Scotia TranXact, a Digital Payments Platform for Business Banking Clients

Scotiabank recently announced the launch of Scotia TranXactTM – a digital payments platform that “provides business banking clients with on-demand access to Scotiabank’s payments and cash management Application Programming Interfaces (APIs).” With Scotia TranXact business banking clients now “have access to real-time payments, request-to-pay and… Read More

Canadian Banks Team Up with CanDeal to Provide Comprehensive KYC Solution

CanDeal Group, an operator of Canadian market and infrastructure services, has teamed up with five of Canada’s biggest local banks “to deliver a comprehensive, centralized Know Your Client (KYC) solution to the Capital Markets Industry.” The collaboration mutualizes many of the costs and efforts of… Read More

Scotiabank Taps Google Cloud to Increase Banking Personalization

Scotiabank and Google Cloud today announced a strategic partnership to accelerate the bank’s global data and analytics strategy. As a Scotiabank trusted cloud partner for data and analytics, Google Cloud will help create a more personal and predictive banking experience for Scotiabank customers in the… Read More

BNPL: Canada’s Scotiabank Now Converting Credit Card Repayments to Buy Now Pay Later Options

Canada-based Scotiabank (TSE: BNS) is reportedly converting credit card repayments into Buy Now, Pay Later or BNPL options, by offering customers the ability to pay off their debt in 3, 6, or 12-month fixed-installment payments. Currently available for purchases over $100 in-store or online, clients… Read More

Scotiabank Unveils AI-Driven Technology to Improve the Customer Experience

  Canadian banking group Scotiabank announced earlier this week the launch ofC.MEE, which is described as a new technology that uses big data and artificial intelligence (AI) to enable even better customer experiences (CX) with the bank’s platform.  According to Scotiabank, C.MEE uses the banking… Read More

Machine Learning Tools and Algorithms are Now being Used by Canada based Scotiabank to Help Clients Impacted by COVID-19

Canadian banking group Scotiabank has noted that its strategic investments in machine learning (ML) technologies are beginning to pay off during the Coronavirus crisis, allowing it to effectively serve clients as they try to cope with these uncertain and challenging times. Analysts at the bank’s… Read More

Scotiabank Now Offering Real-Time Payments For All Business Banking Customers By Using Flexible Routing Options

  Canadian banking group Scotiabank announced on Wednesday it is offering real-time payments for all business banking customers using flexible routing options like an account number or email address, using Interac e-Transfer for Business. According to Scotiabank, transactions are processed in real-time, with confirmation of… Read More

Canadian Wealthtech PureFacts Scores CAD $20 Million from Scotiabank & Round 13 Capital

PureFacts Financial Solutions, a global WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, recently announced it secured CAD$20 million in financing from Scotiabank and Round 13 Capital. Founded in 2010, PureFacts uses its data aggregation capabilities to provide market-leading fee management and business… Read More

Scotiabank Unveils Global AI Platform

Scotiabank announced earlier this week the launch of its new artificial intellignce (AI) platform. According to the Canadian banking group, the platform provides customers with intelligent and personalized financial advice. It also enables the bank to provide what it believes to be fast, relevant advice… Read More

New York and Toronto Stock Exchange listed Scotiabank Introduces “Bank Your Way” Solution for Seniors to Learn Digital Banking Basics

Scotiabank (TSX: BNS), the third-largest bank in Canada, which has been exploring ways to upgrade its systems to make them quantum-resistant, has launched a new information portal for seniors, known as “Bank Your Way,” which will serve as a tool to help clients navigate all… Read More

Quantum Computing: Canada’s Third-Largest Bank, Scotiabank, Is Exploring Ways to Upgrade Systems to Make them Quantum-Resistant

The field of quantum computing, which breaks away from the traditional binary computing model, has made considerable advancements in the past 20 years. The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, has been exploring different… Read More

Scotiabank Introduces New Program for Senior Employees to Understand Ethical Principles for Using Artificial Intelligence

The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, is introducing a new program that will give the institution’s senior workers an opportunity to understand the ethical principles and guidelines involved in using artificial intelligence (AI)-based… Read More

Scotiabank Announces Bancassurance Strategic Alliance With Insurance Unit BNP Paribas Cardif in Pacific Alliance Countries

Scotiabank announced on Thursday it has formed a partnership with BNP Paribas Cardif, the insurance unit of BNP Paribas, as part of its efforts to bring more customer-centric solutions to its customers in the Pacific Alliance Countries. According to Scotiabank, the partnership involves the development… Read More

Scotiabank Launches New Digital Mortgage Experience “Scotiabank eHOME”

Scotiabank announced last week the launch of its new digital mortgage experience, Scotiabank eHOME. Scotiabank reported with Scotiabank eHOME, Canadians may apply for a mortgage completely online, track the application status through real-time updates, and complete the closing with a lawyer without requiring an in-person… Read More

Scotiabank Teams Up With Tecnológico de Monterrey For New Fintech Accelerator Factory A in Mexico City

Scotiabank and The Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), commonly referred to as Tec de Monterrey, announced last week they have teamed up to launch Factory A in Mexico City, which is the bank’s first fintech accelerator program. According to the duo, 10 fintechs will be selected… Read More

Israeli Investment Firm Viola Secures $100 Million for Bank-Backed Fintech Fund

Israel-based Viola Investment Group announced on Wednesday it secured $100 million toward a target of $120-$150 million, for a new global FinTech fund. According to the company, this new fund is backed by selected leading global banks, insurance companies and asset managers, including Scotiabank, The Travelers Companies,… Read More

Scotiabank Teams Up With NXT Labs to Gain Access to Promising Latin American Fintech Startups

Scotiabank announced on Friday it has formed a partnership with Latin America’s startup accelerator, NXTP Labs. According to the Canadian bank, the strategic collaboration will allow it to gain access to the most promising Fintechs in Mexico, Colombia, Chile, and Peru, and also leverage these… Read More

Kabbage Co-Founder & Head Fintecher Kathryn Petralia: Power Lending, Predictions & Progress

  “Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”… Read More

Scotiabank Launches Digital Factory in Toronto Following QED Investors Latin American Fintech Partnership Announcement

Canadian multinational bank Scotiabank announced on Friday it is launching what it calls a “Digital Factory” as a way to help accelerate the fintech industry while also helping to improve its customers’ experience in mobile and digital banking transactions, account opening, loan adjudication, and mortgage… Read More

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