Bank of Nova Scotia T.BNS

Alternate Symbol(s): BNS

Financial Services Banks - Global

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

TSX:BNS - Post by User

Bank of Nova Scotia

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Post by jutah70on Jan 08, 2016 11:07am

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Post# 24440128

technolgy

Just wanted to get some opinions regarding the following. For disclosure I am a shareholder of BNS and it is part of my long term strategy. However, I saw an article on 60 Minutes regarding disruptive technologies to the banking sector. In particular they profile the mpesa system used in Kenya (I believe that is the country where it is being used successfully). Essentially bank branches become obsolete. They went on to say that the banking lobby is working hard to suppress this from reaching Europe and Nth. Am. Not sure if it is something that the banks will just buy and utilize, or if it can wind up challenging them.

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