Scotiabank announced Oct. 13 a new partnership with Latin American start-up accelerator, NXTP Labs, at the Fintech Conference 2017 in Bogotá, Colombia.
Scotiabank says this strategic partnership will allow it “to access the most promising Fintechs in Mexico, Colombia, Chile, and Peru, and leverage these countries' innovative start-up ecosystems to help drive its global digital banking transformation.”
Global digital banking strategy
"We are thrilled to partner with Latin America's premier start-ups accelerator to further advance our global digital banking strategy", said Nacho Deschamps, Group Head, International Banking and Digital Transformation. "This partnership will allow us to gain competitive advantage, accelerate innovation, and form Fintech partnerships to offer innovative solutions to our 24 million customers."
Scotiabank says the partnership is part of a broad digital transformation strategy that it is undertaking, which spans over multiple geographies and multiple strategic alliances with leading Fintechs and venture capital firms.