08:49:28 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,209,451,582
Close 2017-02-06 C$ 78.23
Market Cap C$ 94,615,397,260
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Van Sun says Scotiabank lures tech talent to Toronto

2017-02-06 07:10 ET - In the News

The Vancouver Sun reports in its Monday edition that Nish Samantray graduated from the University of Toronto with a degree in mechanical engineering, is a self-taught coder and he was recently hired by Bank of Nova Scotia. Postmedia's Armina Ligaya writes that he was picked up after a chance meeting with a Scotiabank executive who pitched him on the pinstriped institution's digital transformation; his interest was piqued. Now he is one of more than 200 employees who have already set up shop at the bank's new 70,000-square-foot "digital factory" in Toronto. With a bright, open-concept workspace, a fitness studio, even a bowling alley, the hub is aiming to emulate the perks that Silicon Valley companies offer to lure people like Mr. Samantray. The goal is to provide a dedicated campus where the bank's data scientists, artificial intelligence researchers and other all-round boffins can work to develop the technological keys to the bank's future prosperity. It is one of the boldest signs yet of the deepening relationship between finance and technology in this country. It is also an acknowledgment that the battle to recruit talent could decide who ultimately stays ahead in the technology game.

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