SCOTIABANK COMES OUT ON TOP IN THIRD
INNOVATION AWARD THIS YEAR
TORONTO, June 29, 2020 /CNW/ - Scotiabank has won
another award in 2020 for its innovation — the Retail Banking
Security Innovation of the Year Award from Retail Banker
International (RBI). This prestigious award recognizes the Bank's
focus and investment in its Financial Crimes Risk Management
program, building market-leading capabilities, while gaining
efficiency and efficacy through the use of technology.
"We are delighted to be recognized for providing top Security
Innovation, especially during this pandemic when secure banking is
top of mind for our clients," said Stuart
Davis, Global Head, Financial Crimes Risk Management,
Scotiabank. "Scotiabank's innovative approach to financial crimes
risk management is reflected in this achievement, and we're so
pleased to be ranked #1 for our innovation in keeping our customers
safe."
"To be recognized as RBI's Security Innovation of the Year, is a
testament to the strides we have made in leveraging technology and
data & analytics to support the build of a market leading
financial crimes risk management program. Our focus on the
future allows us to propel innovation, safeguard communities and
adapt to the ever-evolving digital banking world to enhance
customer trust," said Demetria
Ruggiero-Barbera, Senior Vice President, AML, KYC &
Onboarding Technology.
Over the last four years, Scotiabank has dramatically
transformed its financial crime risk management capabilities. The
transformation included adapting to the new digital banking world,
while leveraging sophisticated data science techniques to broaden
the depth and breadth of the analysis of financial crime risks.
Today, the program showcases market leading advanced capabilities
with dramatically improved efficiency.
Now in its 35th year, the Retail Banker International
Awards recognizes and celebrates outstanding organizations within
retail banking, who have delivered excellence throughout the year.
The awards are highly regarded within the industry as a mark of
high performance, and represent an exceptional level of
achievement. Scotiabank received the award at a virtual awards
ceremony on June 24th
2020.
About Scotiabank
Scotiabank is a leading bank in
the Americas. Guided by our purpose: "for every future," we help
our customers, their families and their communities achieve success
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of approximately 97,000 employees and assets
of over $1.2 trillion (as
at April 30, 2020), Scotiabank trades on the Toronto
Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE:
BNS). For more information, please visit our website and
follow us on Twitter @ScotiabankViews.
SOURCE Scotiabank