Scotiabank has launched a unified enterprise approach designed to equip the bank’s employees with data and artificial intelligence (AI) capabilities. The new Scotia Intelligence brings together the capabilities, platforms and governance needed to deliver AI securely and at scale, Scotiabank said on a Monday (April...
Canadian bank Scotiabank plans to acquire a 14.9% stake in Cleveland-based KeyCorp, which operates about 1,000 KeyBank branches in 15 U.S. states and provides corporate and investment banking products. Pending regulatory approval, Scotiabank expects to close the initial investment of 4.9% in the fourth quarter...
Canada’s Scotiabank has a new CEO for its global banking and markets (GBM) business. Travis Machen, who joins the bank from Morgan Stanley, is set to take on his new position on May 6, Scotiabank announced in a Monday (April 29) news release. “In this role, Mr. Machen will...
Canada’s Scotiabank has debuted a new digital payments platform for business banking clients, which it has titled Scotia TranXactTM, a press release said. This will give the business banking clients real-time payments, request-to-pay and account information services through APIs. Scotia TranXactTM will reportedly integrate directly...
June 25, 2021
“Consumers want flexibility in terms of how they want to pay,” Visa Canada Vice President and Head of Product and Digital Brian Weiner told Karen Webster. “They don’t want to take on more debt, and they want to have flexibility in how they manage their cash flow.” The conversation followed the news this week that […]
August 25, 2026
Canadian banks are not being harmed by the effects of new U.S. tariffs that impact some of their customers, and the banks may even find new opportunities, Reuters reported Tuesday (Aug. 25). Bank of Montreal (BMO) and Bank of Nova Scotia (Scotiabank) reported earnings Tuesday that beat quarterly profit estimates, according to the report. The […]
April 13, 2026
Scotiabank has launched a unified enterprise approach designed to equip the bank’s employees with data and artificial intelligence (AI) capabilities. The new Scotia Intelligence brings together the capabilities, platforms and...
August 12, 2024
Canadian bank Scotiabank plans to acquire a 14.9% stake in Cleveland-based KeyCorp, which operates about 1,000 KeyBank branches in 15 U.S. states and provides corporate and investment banking products. Pending...
April 30, 2024
Canada’s Scotiabank has a new CEO for its global banking and markets (GBM) business. Travis Machen, who joins the bank from Morgan Stanley, is set to take on his new position on May...