Scotiabank launches modern U.S. Cash Management platform, strengthening North American corridor capabilities

Rhea-AI Summary

Scotiabank (NYSE:BNS) launched a modernized U.S. Cash Management program on Oct 31, 2025, powered by its cloud treasury platform ScotiaConnect®. The rollout targets the North American corridor—a US$1.4 trillion annual cross-border trade market—and delivers U.S. deposit products (savings, operating, term), ACH, wire and account transfer capabilities.

The platform provides real-time account visibility, personalized self-serve features, and direct Host-to-Host connectivity for treasury integration. ScotiaConnect is already live in Mexico with a phased rollout planned across Scotiabank's footprint.

NEW YORK and TORONTO, Oct. 31, 2025 /PRNewswire/ - Scotiabank today announced the official launch of its modernized U.S. Cash Management program, supported by the advanced cloud-based treasury platform, ScotiaConnect®. This marks a major step in the Bank's strategy to unify and modernize cash management capabilities across the North American corridor, a US$ 1.4 trillion (C$1.9 trillion) annual cross-border trade market.

Scotiabank's upgraded Cash Management offering is designed to help businesses manage and move money in the U.S., enabling a connected experience that supports cross-border treasury and liquidity needs. The launch includes a full suite of U.S. Deposit solutions, with various options of Savings, Operating and Term Deposit products and new account features. It also offers ACH, wire transfer and account transfer capabilities to support companies' payment and receivables needs.

The new ScotiaConnect® platform offers a personalized, frictionless and secure experience through an online portal with real-time visibility into account balances, and empowers businesses to control and optimize their payments. With a modern look and feel and intuitive navigation, it provides self-serve capabilities for corporate and commercial clients. This is complemented by the platform's direct-to-client Host-to-Host connectivity which allows companies to integrate seamlessly with Scotiabank's Cash Management services across its footprint, simplifying treasury operations. The platform is also live in Mexico, with a phased rollout planned across Scotiabank's footprint.

"We developed this platform in collaboration with our clients, incorporating their direct feedback to address real pain points and deliver a differentiated user experience," said Chad Wallace, Executive Vice President, Global Transaction Banking, Scotiabank.

"ScotiaConnect® and our integrated cash management solutions strengthen our position for growth in key markets across North America, driven by ongoing innovation and improved day-to-day service. This reinforces our role as a trusted advisor and connector for multinational clients in the region," said Francisco Aristeguieta, Group Head, International & Global Transaction Banking, Scotiabank.

This milestone reflects Scotiabank's commitment to delivering innovative, client-driven solutions that support the evolving needs of businesses across North America.

To learn more about Scotiabank's treasury and cash management capabilities, visit https://gtb.scotiabank.com/en/global-transaction-banking.html

About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as of July 31, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on X @Scotiabank.

View original content to download multimedia:https://www.prnewswire.com/news-releases/scotiabank-launches-modern-us-cash-management-platform-strengthening-north-american-corridor-capabilities-302601062.html

SOURCE Scotiabank

FAQ

What did Scotiabank (BNS) announce on Oct 31, 2025 about U.S. cash management?

Scotiabank announced the launch of a modernized U.S. Cash Management program powered by the cloud treasury platform ScotiaConnect®.

Which payment and deposit features does Scotiabank's ScotiaConnect U.S. offering include?

The offering includes U.S. savings, operating and term deposits plus ACH, wire and account transfer capabilities.

How does ScotiaConnect help corporate treasury operations for BNS clients?

It provides real-time account visibility, personalized self-serve tools and Host-to-Host connectivity to integrate treasury systems.

Is Scotiabank's ScotiaConnect live outside the U.S. and what is the rollout plan?

Yes; the platform is already live in Mexico with a phased rollout planned across Scotiabank's footprint.

What market size did Scotiabank cite for the North American cross-border corridor?

Scotiabank referenced a US$1.4 trillion annual cross-border trade market for the North American corridor.

Where can investors learn more about Scotiabank's treasury and cash management services (BNS)?

Investors can visit Scotiabank's Global Transaction Banking site at https://gtb.scotiabank.com/en/global-transaction-banking.html.