Canadian direct bank Tangerine Bank, a subsidiary of Scotiabank, has partnered with Meniga for digital banking solutions.
Under the partnership, Tangerine will deploy Meniga’s digital banking solutions to all its customers.
The implementation will provide the customers customised banking services with a more precise view of their finances.
The customers can view all the transactions carried out through their accounts in specific categories helping them to understand their saving and spending behaviours.
Tangerine vice-president of client experience Mark Nicholson said: “Meniga shares our vision for the future of digital banking, and the partnership between us is a natural fit.
“The innovations we’re working on together will help us to radically transform our Clients’ banking experiences and alter the nature of how consumers engage with their money.”
Tangerine initiated their digitalisation project in 2016 in a bid to enable its clients make smart financial decisions.
The implementation of Meniga’s digital banking solutions is a part of the first phase of the digitalisation project.
Meniga CEO and co-founder Georg Ludviksson said: “We’re proud to partner with Tangerine Bank, one of the most innovative and customer-centric banks in the world, with a strong emphasis on digital excellence.
“The partnership with Tangerine represents a key milestone for our global expansion ambition, as Meniga gains a strategic foothold in North America.”
The company will also deliver data-driven personalised insights and reports to its Canadian clients, under the first phase.
Tangerine has around two million clients and nearly C$38bn in total assets.