SCOTIABANK
Matthew ’ s work to drive transaction banking innovation at Scotiabank has been propelled by the organisation ’ s unique position – it is present in over 25 markets .
“ Scotiabank is a multinational bank with headquarters in Canada ,” notes Matthew .
This global presence allows Scotiabank to offer a comprehensive suite of transaction banking services to businesses of all sizes across diverse markets . From small coffee shops managing their daily cash flow to multinational corporations orchestrating complex supply chain financing , Scotiabank has a solution for each client segment .
Scotiabank has reinforced its position as a leader in GTB innovation through a few key areas : geographic expansion , client channels , talent acquisition and building trust .
By continuing to scale in these areas , Scotiabank is strategically strengthening the foundations in the GTB space .
Geographic expansion : Strengthening global presence With its global presence across key markets , Scotiabank plans to further invest in its capabilities across its footprint .
“ We are doubling down on our capabilities in places like the United States , a key market in our strategy centred around creating connectivity across North America ,” Matthew states .
“ New APIs and innovations like embedded finance are exciting , and we aim to bring these capabilities to our clients so that they can enter the US market and have the capabilities they need from a global bank .”
The bank ’ s payments expansion is not just limited to the US . It is also exploring
GLOBAL TRANSACTION BANKING
What exactly is Global Transaction Banking ? Matthew Parker-Jones has the explanation :
“ At its core , it ’ s the simple set of products that allow businesses of all sizes to accept , manage and send money . While it may sound simple , you can imagine that with all of the countries that Scotia operates in – each with companies of all different sizes and shapes – we need to offer a robust set of capabilities .
“ We need to be able to serve the small business , like a local coffee shop with their ability to accept money at the till and manage payroll for their employees , all the way up to the large multinational client who handles supply chains , operates factories around the world and requires letters of credit and so forth .”
“ Your success in transaction banking is only as good as the set of products and capabilities you have – and to be good , you need a comprehensive set .”
6 scotiabank . com