{"id":522076,"date":"2021-08-03T08:04:52","date_gmt":"2021-08-03T12:04:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scotiabank-named-most-innovative-in-data-by-the-banker-magazine\/"},"modified":"2021-08-03T08:04:52","modified_gmt":"2021-08-03T12:04:52","slug":"scotiabank-named-most-innovative-in-data-by-the-banker-magazine","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scotiabank-named-most-innovative-in-data-by-the-banker-magazine\/","title":{"rendered":"Scotiabank Named Most Innovative in Data by The Banker Magazine"},"content":{"rendered":"
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Canada NewsWire<\/p>\n<\/p><\/div>\n

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Scotiabank Wins Global Digital Banking Award Highlighting its Innovation in Data, Analytics and AI<\/i><\/p>\n

\n TORONTO<\/span>, Aug. 3, 2021<\/span> \/CNW\/ – Scotiabank has been recognized as the Most Innovative in Data <\/b>by The Banker<\/i>‘s Global Innovation in Digital Banking Awards 2021<\/b>. The Banker\u00a0magazine<\/a><\/i>, a Financial Times publication, recognizes global excellence in financial technology\u00a0and celebrates innovation in finance at the annual awards. <\/p>\n

“Throughout the past year, the insight we’ve gained through data and analytics has allowed us to identify thousands of our most vulnerable customers, and provide them with tailored support and advice to help them navigate through this challenging time,” said Brian Porter<\/span>, President and Chief Executive Officer of Scotiabank. “We’re pleased that for the second year in a row<\/a>, The Banker<\/i> has recognized Scotiabank for our innovation in financial services. Sincere thanks to our winning team of employees who have made these achievements possible, and congratulations on earning this global recognition.”<\/p>\n

“One of Scotiabank’s top priorities is delivering a great customer experience. The Bank focuses on our customers’ needs by leveraging\u00a0machine learning models, ethical data, and advanced analytics to help them manage their financial lives,” said Phil Thomas<\/span>, EVP, Customer Insight Data and Analytics at Scotiabank.\u00a0“A sincere thank you to The Banker<\/i>\u00a0for this esteemed data innovation award.”\u00a0<\/p>\n

“Congratulations to Scotiabank for winning the hotly contested data category in\u00a0The Banker<\/i>‘s Innovation in Digital Banking Awards 2021,” says Joy Macknight<\/span>, editor of\u00a0The Banker<\/i>. “Scotiabank’s rapid response during the COVID-19 pandemic to protect its most vulnerable customers resonated with the judges. Not only did the bank’s data and analytics teams develop a vulnerability model to identify customers at risk financially, but they worked with the digital and business teams to build a specific proactive outreach programme. This is innovation at its best, delivering much needed support during difficult times.”<\/p>\n

Notable highlights of the Bank’s data and analytics efforts include: <\/p>\n