CWBFG Annual Report 2021

Digital transformation

By combining a transformative digital client experience with modern technology infrastructure, we are providing enhanced value and advice to our clients in a scalable manner. We fuse human-centred design principles with our modern core systems and Application Programming Interface (API) architecture, a powerful combination of CWB’s traditional and emerging strengths. The result is clients who are delighted by their experience, from onboarding to using our new digital banking services, which also enables seamless use of their third-party data platforms. A ground-breaking example is our partnership with Temenos on our Virtual COO.

PROVIDE UNRIVALED CLIENT EXPERIENCES AND OPTIMIZE OUR BUSINESS WITH DIGITAL

Integrated and personalized client experiences

Grow and retain lower cost deposits

Expand reach & new client acquisition

Support portfolio diversification with a small business lending solution

Improve team productivity by reducing manual effort

CWB’S VIRTUAL COO IS AN INNOVATIVE TOOL FOR SMALL BUSINESS OWNERS

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analytics and machine intelligence, this first-in- Canada tool provides small business owners access to vital information to strengthen and grow their business. CWB’s VCOO provides clients with: • Real-time access to cash flow information and their Business Health Score; • Better cash flow analytics with simulations; and, • Customizable and actionable, data-driven insights. In the future, we’ll continue to realize our advantage through targeted innovations based on our clients’ needs and our

strategic priorities and long-term objectives.

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