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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  The Bank of Nova Scotia    BNS   CA0641491075

THE BANK OF NOVA SCOTIA

(BNS)
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Bank of Nova Scotia : Scotiabank Wins Aite Group's 2019 Cash Management and Payments Innovation Award for Operational Efficiency

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11/07/2019 | 05:00pm EST

TORONTO, Nov. 7, 2019 /CNW/ - The Aite Group has recognized Scotiabank with the 2019 Impact Innovation Award in the Operational Efficiency category for improvements delivered to its Small Business and Commercial customers.

Scotiabank received this award for demonstrating innovation through technology to achieve operational efficiencies for the Bank and its customers, and improving the end-to-end experience.

"This award is a testament to the work being done at Scotiabank to improve the customer onboarding experience," said Rania Llewellyn, Executive Vice President, Global Business Payments, Scotiabank. "Our focus on technology-driven innovation will continue to further improve the customer experience for our Business Banking customers." 

Key contributors to the award include:

  • Streamlined Onboarding: Customer onboarding has been reduced from six weeks down to one week for cash management products.
  • Immediate Access to Products: On-demand customer onboarding empowers customers by granting them immediate access to the products and services they need to run their businesses.
  • Digital Signature: Digital signature capability (e-Consent) has resulted in a 90% reduction in customer signatures and eliminates the need for customers to visit a branch.

Scotiabank will accept the award on December 12, 2019 at Aite's second annual Innovation in Cash Management & Payments Forum in New York City.

About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off 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 more than 100,000 employees and assets of over $1 trillion (as at July 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank

© Canada Newswire, source Canada Newswire English

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Financials (CAD)
Sales 2020 32 470 M
EBIT 2020 15 709 M
Net income 2020 8 786 M
Debt 2020 -
Yield 2020 4,93%
P/E ratio 2020 10,1x
P/E ratio 2021 9,73x
Capi. / Sales2020 2,81x
Capi. / Sales2021 2,68x
Capitalization 91 089 M
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Number of Analysts 15
Average target price 77,93  CAD
Last Close Price 74,90  CAD
Spread / Highest target 9,48%
Spread / Average Target 4,05%
Spread / Lowest Target -7,88%
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NameTitle
Brian Johnston Porter President, CEO & Non-Independent Director
Aaron William Regent Chairman
Loretta Marcoccia Chief Operating Officer, EVP-Global Banking
Rajagopal Viswanathan Chief Financial Officer & Executive Vice President
Michael Zerbs Chief Technology Officer & Group Head
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