Receives recognition in two categories for TD
Global Transfer, UGO
TORONTO, Feb. 11, 2022 /CNW/ - TD Bank Group (TD) has been
recognized by the Business Intelligence Group (BIG) through the
2022 BIG Innovation Awards for innovative digital solutions and for
unique internal innovation capabilities. The annual awards program
recognizes organizations, products, and people who bring new ideas
to life in innovative ways.
TD was recognized in both the Product and Organization
categories at this year's BIG Innovation Awards. TD Global
TransferTM, an innovative digital marketplace, was
recognized in the Product category and UGO, an innovation
accelerator within TD, won in the Organization category.
- TD Global Transfer: Enables customers via an innovative
marketplace to securely send international money transfers to
over 200 countries directly from their TD account through the TD
mobile app or online banking. Customers can send money using one of
three routes that's easiest for the sender and the recipient;
directly to the recipient's bank account, via Visa Direct to the
recipient's Visa* card or for cash pick-up at a Western
Union location. TD Global Transfer has experienced significant
customer traction with more than 200,000 TD customers sending over
1.8 million transfers to-date.
- UGO: Accelerates new business models for TD and new
digital development across its business lines in North America. UGO focuses on building a
repeatable internal innovation capability at start-up speed,
allowing the Bank to address rapidly changing consumer preferences.
UGO uses its top talent and experience to bring new ways of working
and thinking to the Bank and has consistently delivered innovative
solutions for its customers. As proof of this, UGO has more than 1
million customer relationships with a significant portion of them
derived from non-TD banking relationships.
"We are honoured that TD Global Transfer and UGO have been
recognized by the Business Intelligence Group," said Rizwan Khalfan, Chief Digital and Payments
Officer, TD Bank Group. "TD prides itself on providing customers
with advanced digital capabilities and innovative solutions for
their everyday financial needs. This recognition is a testament to
our ongoing efforts to create exceptional digital experiences for
our customers."
TD has a robust and well-established innovation ecosystem, which
includes ideation, incubation, acceleration, fintech, start up and
big tech relationships, investments in fintech and venture capital,
and a presence in the academic arena.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the fifth
largest bank in North America by assets and serves more
than 26 million customers in three key businesses operating in a
number of locations in financial centres around the globe: Canadian
Retail, including TD Canada Trust, TD Auto Finance Canada, TD
Wealth (Canada), TD Direct
Investing, and TD Insurance; U.S. Retail, including TD Bank,
America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth
(U.S.), and an investment in The Charles Schwab Corporation; and
Wholesale Banking, including TD Securities. TD also ranks among the
world's leading online financial services firms, with more than 15
million active online and mobile customers. TD had CDN$1.7
trillion in assets on October 31, 2021. The
Toronto-Dominion Bank trades under the symbol "TD" on
the Toronto and New York Stock Exchanges.
About Business Intelligence Group
The Business Intelligence Group was founded with the
mission of recognizing true talent and superior performance in the
business world. Unlike other industry award programs, BIG's
awards are judged by business executives having experience and
knowledge. The organization's proprietary and unique scoring system
selectively measures performance across multiple business domains
and then rewards those companies whose achievements stand above
those of their peers.
*Registered trademark of Visa International Service Association;
Used under license.
®The TD logo and other trademarks are the property of The
Toronto-Dominion Bank or its subsidiaries.
SOURCE TD Bank Group