Bank of Nova Scotia is raising its expectations for Tangerine, floating the possibility it will launch a robo-advisory service and could expand the wholly-owned digital bank internationally.
“When you talk about low-cost, passive, robo-like solutions to engage Canadians, we are thinking of Tangerine as a platform from which we will do that,” James O’Sullivan, Scotiabank’s group head of Canadian banking, said at CIBC’s Annual Eastern Institutional Investor Conference in Montreal on Wednesday.Report Typo/Error
- Canadian Imperial Bank of Commerce$117.96+1.91(+1.65%)
- Bank of Nova Scotia$77.43+0.53(+0.69%)
- ING Groep NV$14.98+0.09(+0.60%)
- Bank of Montreal$99.23+0.75(+0.76%)
- Toronto-Dominion Bank$65.39+0.67(+1.04%)
- Royal Bank of Canada$96.64+1.43(+1.50%)
- National Bank of Canada$55.66+0.28(+0.51%)
- Updated March 23 4:00 PM EDT. Delayed by at least 15 minutes.