Bloomberg: RBC, Scotiabank Receive Highest Rankings on Canada FinTech Efforts

RBC and Scotiabank are the most focused on embracing financial technology among Canada’s largest lenders, according to a report from IDC.

The two banks scored the highest overall ranking — four checkmarks out of five — with top ratings in areas such as willingness to tackle fintech issues and establishing digital development hubs, according to the report by research firm International Data Corp. Toronto-based Royal Bank also received the highest ratings for acquiring expertise, funding external fintech research, establishing a research organization and focusing on artificial intelligence and big data.

To view the full article written by Doug Alexander of Bloomberg, please visit here.

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