Toronto Domin Stock Price, News & Analysis

On Dec. 1, 2021, TD Bank announced a multi-year partnership with BrandSource to offer a private-label credit card program. This initiative targets BrandSource's network of over 4,500 independent stores across the U.S., which includes various retail sectors such as appliances and electronics. The collaboration will utilize TD's TD Complete platform for streamlined applications and sales processing, enhancing reporting and analytics capabilities for member stores. Both TD Bank and BrandSource aim to deliver easier financing options to their customers and add value to their independent dealers.

TD Bank has announced the integration of Aira technology across its 1,100+ stores, aiding blind and low-vision customers. This service offers free access to visual interpreters who assist users with their banking needs through a mobile app. With this initiative, TD Bank aims to enhance accessibility and independence, showcasing its commitment to inclusion and diversity. Aira's technology connects users to trained agents who provide visual information via live-stream video, enhancing the customer experience.

TD Bank has introduced its first robo-advisor, TD Automated Investing, along with a hybrid advisor, TD Automated Investing Plus, to cater to increasing demand for personalized financial advice. Both services offer access to TD Strategic Portfolios, which are diversified ETF and mutual fund investments tailored to clients' risk profiles. TD Automated Investing requires a $5,000 minimum with a 0.30% advisory fee, while TD Automated Investing Plus starts at $25,000 with a 0.60% fee. The bank also plans to expand its financial advisor team by 350 in the coming years.

TD Bank Group and Envestnet | Yodlee announced a significant data access agreement on Sept. 21, 2021, aimed at enhancing customer experience in the digital banking space. This agreement allows TD customers to securely access and share their financial data with over 1,400 third-party applications through API technology. TD is now the 13th bank in North America to partner with Envestnet | Yodlee, underscoring its commitment to customer digital channels. With CDN$1.7 trillion in assets, TD continues to prioritize secure digital services for its 26 million customers.

On Sept. 13, 2021, TD Bank announced its participation in the Akoya Data Access Network, enhancing fintech collaboration by enabling API-based access to customer data. This initiative aims to improve data privacy and security, eliminating the need for customers to share login credentials with third parties. The integration is set to begin in October 2021, building on TD’s prior investment in Akoya from February 2020. This move supports the bank's commitment to digital innovation and aligns with the goal of facilitating secure, data-driven financial services.