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Toronto, ON, Canada, Nov, 2021 -- Scotiabank has been recognized for the Best AI Initiative and Best Digital Bank – Mexico by The Digital Banker's Global Retail Banking Innovation Awards 2021. The global awards recognize the world's leading consumer banks that are pioneering innovation, transforming customer experience and reshaping digital financial services.

"Scotiabank's approach to data, analytics and AI is intended to protect and deliver the best experience for our customers," said Grace Lee, Senior Vice President, Chief Data & Analytics Officer at Scotiabank. "This technology is transforming the business of banking. It's allowing us to achieve scale without compromising the value of personalized and meaningful interactions with all – not some – of our customers. We are proud that the Bank's efforts to drive forward our data, analytics, and AI capabilities have been recognized by The Digital Banker."

"Our decision to pursue a single digital strategy across our Americas footprint proved foundational to quickly delivering digital solutions to help customers during the pandemic, especially those across Latin America," said Shawn Rose, Chief Digital Officer at Scotiabank. "It's times like these that set Scotiabank apart in its efforts to provide customers with world-class barrier-free banking."

"Scotiabank's AI models are testament to the efficacy with which banks navigate customer needs and manage customer engagement. By choosing the relevant technology, the Bank deployed its vulnerability model, to bridge the gap and reach its vulnerable customers. The Bank's ability to scale is evident as the Global AI Platform has been expanded to operationalize, manage and deepen a plethora of customer models and relationships," says Nirav Patel, Managing Director & Editor of The Digital Banker.

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Posted by Veronica Silva Cusi, news correspondent
Source: https://www.newswire.ca

Date Posted: Monday, November 29, 2021