Technology & Innovation

A year of innovation: Evolving, adapting and delivering digital solutions for clients

March 22, 2021 - 2 minutes
Two colleagues comparing different data graphs
Earlier this year, the Bank's annual Patent Inventor Celebration recognized the technology-driven ideas from across the enterprise over the last year. During a period when many of us had to quickly pivot to different platforms and processes as a result of the pandemic, we are proud to share our own Joseph Scarfutti, Associate Vice President of Technology Solutions, was named TD 2020 Inventor of the Year.

"Both our business and our technology organization have been tremendously supportive of our work," Scarfutti says. "The runway they've given us has been, without a doubt, the single greatest facilitator of our ability to provide value to our clients and really differentiate ourselves from competitors."

Scarfutti and his team are responsible for several highly innovative projects related to real-time streaming of data to improve our securities and operations platforms. He is also named on 11 patent applications that were deployed across our businesses in 2020. Eight of those applications significantly increases the speed of our trading platforms.

Innovation across the enterprise

The celebration awarded individuals from across the broader TD businesses on new products and ideas that provided value for our clients and customers, as well as advancing our priorities and provide a competitive edge within the banking industry.

On the Personal Banking side, a team within Enterprise Payments was recognized for developing an intelligent automation engine that would seamlessly action Requests for Payment for both businesses and individuals. Another team was honoured for developing Cortex, an artificial intelligence explainability tool. This invention would improve AI governance and risk management, as well as help codify our learnings on how to build and manage AI models.

Technology commitment

These accomplishments exemplify the leading work that our colleagues are doing in the technology space. As we move towards an increasingly digital world, our technology groups focus on re-imagining the banking experience for our clients and customers. We are proud that the efforts of our colleagues in this endeavour have been recognized, and we will continue to evolve, adapt and deliver the technology and services that our clients rely on and for the future.
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