TORONTO, March 7,
2024 /CNW/ - TD Bank Group (TD) today announced that
it has entered into an agreement with SideDrawer to create a new
integrated file and data sharing experience to support TD
customers.
"A key focus for the Bank is to create intuitive digital
experiences for customers that help make their online financial
activities simpler," said Franklin
Garrigues, Vice President, External Ecosystems at TD. "Our
agreement with SideDrawer is a great example of how we are working
with fintechs within our innovation ecosystem to help enhance our
customer experience."
"It is a pleasure to work alongside a forward-focused bank like
TD, that provides best-in-class solutions for its customers," said
J. Gaston Siri, CEO & Co-Founder
at SideDrawer. "With this agreement, we look forward to supporting
the Bank with our architecture to help enable new workflows that
improve productivity for TD and its customers."
Through TD Invent, the Bank's enterprise approach to innovation,
TD has built a robust innovation ecosystem that includes ideation,
incubation, acceleration, a leading patent portfolio, fintech,
start up and big tech working relationships, investments in
fintech, and a strong presence in the academic arena. The Bank's
agreement with SideDrawer is the latest in a series of
collaborations to support delivering best-in-class experiences that
work towards meeting and exceeding customers' evolving
expectations. Some other examples include:
- Announcing a North American data-access agreement with Plaid in
2023 to enable TD customers to more securely connect to and share
financial data with Plaid's data network of over 8,000 + apps and
services.
- Launching multiple immersive experiences in 2023, including a
virtual reality co-op and intern pilot program with Capco and
Mesmerise as well as a gamified virtual reality financial literacy
program with Flybits.
- Joining Plug and Play, a global technology accelerator, in 2022
as the first Canadian Bank to collaborate in its fintech
program.
- Working with DailyPay to enable US-based TD employees with
real-time access to earned pay prior to a scheduled payday
- Announcing a collaboration with FISPAN in 2022 to enable
embedded banking services for US-based commercial banking
customers.
About TD Invent
TD Invent drives innovation at the Bank. Through our three areas
of focus— Colleague Ideation, Human-Centered Design and Innovation
Acceleration —we work across our innovation ecosystem to help meet
the evolving needs of our customers, colleagues and communities,
accelerating future growth opportunities. To learn more about how
we're helping to shape the future of banking at TD, visit
tdinvent.td.com.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by assets and serves
over 27.5 million customers in four key businesses operating in a
number of locations in financial centres around the globe: Canadian
Personal and Commercial Banking, including TD Canada Trust and
TD Auto Finance Canada; U.S. Retail, including TD Bank, America's
Most Convenient Bank®, TD Auto Finance U.S., TD
Wealth (U.S.), and an investment in The Charles Schwab Corporation;
Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD
Insurance; and Wholesale Banking, including TD Securities and TD
Cowen. TD also ranks among the world's leading online financial
services firms, with more than 17 million active online and mobile
customers. TD had $1.91 trillion in
assets on January 31, 2024. The
Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock
Exchanges.
About SideDrawer
SideDrawer Inc. ("SideDrawer") is a leading API-based
digital vault platform, providing
businesses, their customers and collaborators
a more efficient and secure means to exchange sensitive,
private and confidential information. Customers leverage the
SideDrawer intuitive interfaces or create their own experiences
from SideDrawer's comprehensive APIs. SideDrawer is led by a
team of financial services, technology and security
veterans with experience across a variety of industries where
confidentiality, privacy, and compliance are an increasing
regulatory requirement. For more information, please visit
https://sidedrawer.com.
SOURCE TD Bank Group