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$111.83+0.50(+0.45%)
- Bank of Nova Scotia$77.39+0.65(+0.85%)
- ING Groep NV$14.30+0.11(+0.78%)
- Bank of Montreal$98.60+0.55(+0.56%)
- Toronto-Dominion Bank$67.45+0.84(+1.26%)
- Royal Bank of Canada$94.17+0.89(+0.95%)
- National Bank of Canada$55.38-0.17(-0.31%)
- Updated January 20 4:00 PM EST. Delayed by at least 15 minutes.