Ivey Publishing
A Pathway for Scotiabank's Innovation: Leveraging FinTech Partnerships (Simplified Chinese Version)
Product Number:
9B17MC109
Publication Date:
04/23/2019
Revised Date:
04/23/2019
Length:
12 pages (7 pages of text)
Product Type:
Case (Field)
Source:
Ivey
In February 2017, Scotiabank’s vice-president of digital enablement was sitting in his office at Scotiabank’s Digital Factory in downtown Toronto. He was reflecting on his recent introduction to the financial technology (fintech) company Kabbage, and on how successfully the partnership was progressing. Scotiabank’s vice-president was considering what opportunities the bank should pursue next, specifically in the area of blockchain. The Scotiabank–Kabbage partnership provided a valuable guideline for future partnerships. At the partnership’s launch, the group head of Canadian banking at Scotiabank said that the partnership with Kabbage set “an example of how banks and fintechs are working together to provide customers with a better banking experience.” However, all partnerships did not work in the same way. How could Scotiabank devise an effective partnership strategy, considering the unique contexts in different sectors and geographic markets?
Learning Objective:
This case can be used in a class in strategy or innovation management at the undergraduate, MBA, MSc, or EMBA level. After completing this case, students will be able to do the following:
  • Determine when a company may need to form a fintech partnership.
  • Discuss what can be learned from a previous successful fintech partnership.
  • Consider other emerging areas, such as blockchain, and how to devise a viable partnership strategy accordingly.
    Issues:
    Disciplines:
    General Management/Strategy,  International
    Industries:
    Finance and Insurance
    Setting:
    Canada; Mexico; United States, Large, 2017
    Intended Audience:
    Undergraduate/MBA
    Price:
    $4.25 CAD / $4.25 USD Printed Copy
    $3.75 CAD / $3.75 USD Permissions
    $3.75 CAD / $3.75 USD Digital Download
    Associated Materials
    Use With: 9B17M109 (13 pages)
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