Scotiabank Risk Overview
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
•
Channel Engagement
Advanced Robotic
Process Automation
•
Accessibility
Natural language
A platform
utilized to
processing
Personal financial
management
Customer experience
and self-service
•
.
Machine-learning
modelling
IT Modernization
Fraud
Anti-Money Laundering
Sample Partnerships
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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