Check the Time, Know Your Balance: Scotiabank Launches First Wearable Banking Technology

TORONTO, ON --(Marketwired - December 01, 2014) - What does the future of banking look like for Canadians? Fast, innovative, secure, and as easy as checking the time. With the launch of the Quick Balance app on the Samsung Gear 2 and Samsung Gear S, Scotiabank is proud to be the first financial institution to bring mobile banking to the wrists of Canadians. The app allows you to check your balance from your preferred Scotiabank account with the simple swipe of the screen on your wrist.

"We are excited to share the launch of the Quick Balance app on the Samsung Gear 2 and Samsung Gear S with Canadians," said Jeff Marshall, Vice President, Self-Service Customer Experience. "We have seen a definite shift in the way consumers are interacting with our products and services, and it is our goal to stay ahead of the curve by developing self-service banking solutions for Canadians before they know they need them -- and ultimately a richer banking experience for our customers. This app is the industry's first foray into wearable banking technology in Canada and is representative of our commitment to making day-to-day banking easier through innovations in mobile banking."

Scotiabank was also the first financial institution to provide the following mobile banking solutions to its customers:

--  Mobile Paperless Statements: View PDF copies of monthly account
    statements, launched: December 9, 2013
--  Mobile Mortgage Pre-payments: Make pre-payments on your mortgage with
    the touch of a button, launched: December 9, 2013
--  Mobile Quick Balance: Access your account balance without logging in,
    launched: August 28, 2013

"There is a definite synergy between the tech and banking industries right now and looking ahead to 2015, I'm excited to see what will come next." said Amber Mac, Canadian Tech Expert. "This past year we've witnessed a mobile banking revolution with features including remote cheque deposit and mobile payments, and now, Canada's first mobile banking app for wearables -- the Scotiabank Quick Balance app. As banks continue to push the boundaries in an effort to arrive at innovative solutions for self-service banking, the wearable trend is definitely leading the way."

To see the full range of Scotiabank's mobile banking solutions and how they can be used to improve Canadians' day-to-day banking visit www.scotiabank.com and view the Scotiabank surprise and delight -- Smartphone Surprise video at www.scotiabank.com/waystobank.

About Scotiabank

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $792 billion (as at July 31, 2014), Scotiabank trades on the Toronto BNS and New York BNS Exchanges. Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit scotiabank.com.

©Samsung Electronics Canada Inc. All rights reserved. Samsung, Samsung Gear S and Samsung Gear 2 are registered trademarks or trademarks of Samsung Electronics Co., Ltd. Used with permission.


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FOR FURTHER INFORMATION PLEASE CONTACT:

For more information, or to arrange an interview with Amber Mac or Jeff Marshall, Vice President, Self Service Customer Experience, Scotiabank, please contact:

Joanna Hatt
Narrative PR
Joanna.hatt@narrative.ca
416.557.5333