TD wins 2022 BIG Innovation Awards for new digital capabilities and customer innovations

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Receives recognition in two categories for TD Global Transfer, UGO

TORONTO, February 11, 2022 /CNW/ — TD Bank Group (TD) has been recognized by the Business Intelligence Group (BIG) as part of the 2022 BIG Innovation Awards for its innovative digital solutions and unique internal innovation capabilities. The annual awards program rewards organizations, products and people who bring new ideas to life in innovative ways.

TD was recognized in the Product and Organization categories at this year‘s BIG Innovation Awards. TD Global TransferMTan innovative digital marketplace, was recognized in the Product category and UGO, an innovation accelerator within TD, was recognized in the Organization category.

  • TD Global Transfer: Enables customers through an innovative marketplace to securely send international money transfers to over 200 countries directly from their TD account via the TD mobile app or online banking. Customers can send money using one of the three easiest sender and receiver routes; directly to the recipient’s bank account, via Visa Direct at Visa* card or to withdraw cash from a Western Union point of sale. TD Global Transfer has seen significant customer traction with over 200,000 TD customers sending over 1.8 million transfers to date.

  • UGO: Accelerates new business models for TD and new digital development in its lines of business by North America. UGO is focused on building an internal innovation capability replicable at start-up speed, enabling the Bank to respond to rapidly changing consumer preferences. UGO uses its best talents and experience to bring new ways of working and thinking to the Bank and has always provided innovative solutions to its clients. As proof, UGO has over a million customer relationships, a significant portion of which come from non-TD banking relationships.

“We are honored that TD Global Transfer and UGO have been recognized by the Business Intelligence Group,” said Rizwan Khalfan, Head of Digital and Payments, TD Bank Group. “TD is proud to offer its customers advanced digital capabilities and innovative solutions for their everyday financial needs. This recognition is testament to our continued efforts to create exceptional digital experiences for our customers.

TD has a strong and well-established innovation ecosystem, which includes ideation, incubation, acceleration, fintech, big tech start-up relationships, fintech investments and venture capital , and a presence in academia.

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 centers around the world: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing and TD Insurance; US Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance US, TD Wealth (US) 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 companies, with more than 15 million active online and mobile customers. TD held C$1.7 trillion in assets as of October 31, 2021. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

About the 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 awards are judged by business executives with experience and knowledge. The organization’s proprietary and unique rating system selectively measures performance across multiple business areas and then rewards companies whose achievements exceed 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

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