August 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in August.
Scotiabank
FinTech Futures: Top five news stories of the week – 16 August 2024
Our pick of the top fintech news stories this week includes Scotiabank, Tally, Experian and more.
Scotiabank buys 14.9% stake in KeyCorp for $2.8bn
The Canadian bank’s CEO says the deal “creates future optionality for Scotiabank in the North American corridor”.
Google Cloud to develop quantitative research and genAI capabilities for three new industry takers
The deals were revealed during the Google Cloud Next event in Las Vegas this week.
Canadian Tire reacquires Scotiabank’s 20% stake in its financial services arm in $650m deal
Scotiabank first bought its 20% stake in May 2014 for around $460 million.
Sibos 2023: Canada’s Scotiabank taps CGI to advance payments solutions
CGI says its All Payments solution is “a tech stack based on the ISO 20022 standard” used by financial services firms globally.
Scotiabank shakes up senior leadership team with new appointments
Aris Bogdaneris joins from ING to oversee Scotiabank’s digital banking business Tangerine.
The What the FinTech? podcast | Season three’s jailed buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
What the FinTech? | S.3 Episode 19 | Canada’s evolving banking landscape
In this episode, we’re joined by Amreen Sodhi, head of digital product, payments and loyalty at Scotiabank.
Video: Scotiabank at FinovateFall 2022 – The real-world use cases for crypto in banking
We chat with Amreen Sodhi of Scotiabank about the future of cryptocurrency in banking and payments.
Scotiabank pays over $127m for commodities price manipulation
It also faced charges of compliance and supervision failures.
Scotiabank commits to helping Canada’s emerging AI start-ups
The bank will give start-ups and tech entrepreneurs access to funding and expansion opportunities.
Report on cloud transformation in banking: The 2020 state of play
Investigating how a new year and a new decade have impacted the drive towards a cloud-based future for banking.
Scotiabank donates CAD 750k to University of Ottawa AI research
Canadian bank launches research fund to develop AI and ML.
Canada’s major banks impersonated in two-year phishing campaign
The impersonators harvested customers’ online banking logins.
Blockchain-based ID verification system goes live in Canada
SecureKey’s Verified.Me is backed by several major financial institutions.
CanDeal and six Canadian banks create market data hub
BMO, CIBC, National Bank, RBC, Scotiabank and TD are involved.
Scotiabank taps Mexican talent for fintech accelerator
Canadian bank teams with Monterrey university for Mexico City action.
IMS 2018 Lisbon: bank digitisation and reading the client
How do retail banks stay relevant to their customers’ changing demands and priorities?
Payments round-up: 9 November 2017
We got a trilogy folks. Following the payments round-ups on 8 November and 7 November, here’s more paytech action. Features PayPal, NCR, Samsung, Scotiabank, Mastercard and Eftpos. It’s been offering cross-border payments in India for a decade, but PayPal has now launched domestic operations in the country as it looks to take on Paytm and […]
Big banks back Canada’s $150m digital ID system
Canada’s big banks have joined the charge for a CA$185 million ($150 million) digital identity supercluster bid that plans to solve the identification challenges of the digital economy. According to IT World Canada, Royal Bank of Canada (RBC), Bank of Montreal, Scotiabank, CIBC, TD Bank and National Bank of Canada – are on board, along […]
Fintech funding round-up: 14 March 2017
Life needs less noise. So here words are destroyed. A round-up of key events in fintech funding. Featuring Autobooks, University of British Columbia, Scotiabank and more. Michigan-based start-up Autobooks has raised $5.5 million in funding. This follows an earlier $2 million seed funding round. Draper Triangle Ventures led the latest round and was joined by […]
Scotiabank completes blockchain trial with Alphapoint
Alphapoint, a San Francisco-based financial services infrastructure firm, has completed a blockchain proof-of-technology trial for Scotiabank, leveraging its Alphapoint Distributed Ledger Platform.
Scotiabank to become “digital leader” in five markets
Scotiabank has updated the market on how it has adopted the digital technology so far and how it plans to become a “digital leader” in its five key markets.
Scotiabank opens new fintech-focused development centre
Canada’s Scotiabank has opened its new 70,000 square-feet “digital factory” in Toronto for fintech innovation. It is designed to be an innovation hub and incubator for the 23 million Scotiabank customers across the world, and is one among five centres in a network of such fintech-focused innovation centres. Mexico, Peru, Chile and Colombia will be […]
Scotiabank invests millions of dollars in digitalisation; simplifies operating models
Canada’s Scotiabank named key components of its technology and operations strategy at the recent annual meeting of shareholders. These (unsurprisingly) focus on digital transformation, technology investment and the simplification of its organisational and operating models, as the nature of work and roles change. Brian Porter, president and CEO of Scotiabank, said that “a comprehensive change […]
