Scotiabank ESG and Financial Performance Update
•
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
m
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
•
Channel Engagement
•
Advanced Robotic Process
Automation
•
Accessibility
•
•
Natural language processing
Machine-learning modelling
•
IT Modernization
•
Personal financial
management
•
Fraud
•
Customer experience and self- • Anti-Money Laundering
service
SAMPLE PARTNERSHIPS
A platform
utilized to
accelerate
identification,
classification
and
management of
data on our
systems
gog
A digital
engagement
platform to
interact
remotely with
clients through
multi-
functionality
A platform that
enables complex
automation,
allowing for
digitization and
categorization of
data elements
requiring
judgements
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