Embracing Fintech
Fintech Strategy
•
•
Embracing Fintech
Scotiabank has embraced fintech and technology start-
ups, acting as an advisor, partner, investor and
customer
The key objectives of Scotiabank's fintech strategy are:
o Identify innovative companies, trends and
business models early
o Test, learn and implement fintech innovations
o Drive an innovation culture at the Bank
•
Partnership Approach
Scotiabank partners with VCs to amplify our relevance and
reach in the global ecosystem, enabling earlier and faster
access to innovative companies
Canada
High-growth
enterprise software
firms in analytics,
machine learning and
enterprise software
Israel
High growth tech
companies in
fintech and
cybersecurity
Latam
Early-stage
start-ups in
digital banking
and fintech
Sample Focus Areas
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Credit adjudication
•
•
Accessibility
Natural language
processing
Personal financial
Machine-learning
modelling
IT Modernization
•
management
Customer experience
and self-service
Sample Partnerships
M
•
Fraud
Anti-Money Laundering
A platform that
provides insights
and actionable
money
management
A platform that
enables data
scientists to
develop and test
models faster -
Auto machine
learning
A platform that
specializes in
behavioural
biometrics for
AML & Fraud
purposes
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