Bank of Nova Scotia has launched “digital factories” in five countries in a bid to attract top tech talent and speed up the development of online and mobile banking solutions.

The flagship factory in downtown Toronto, which executives opened up to media on Thursday, is being joined by four smaller versions in South America and Mexico, where Scotia has traditional banking operations.

The plan is for the factories to collaborate with each other, as well as with upstart financial technology companies that are influencing the way people choose to do their banking.

Read the full article via Financial Post.com