We are excited to announce a new Hydrogen platform client — TD Bank Group!
They are one of the largest banks in North America and the largest in Canada, with $1.3 Trillion CDN in assets as of July 31, 2018, serving more than 25 Million customers. They have a long-term license to the entire Hydrogen Platform — Atom, Hydro, Ion — and all future rollouts that our awesome team cooks up in the Hydrogen Chemistry Lab. Below are excerpts from today’s press release!
TD / Hydrogen Announcement
TD Bank Group today announced a commercial licensing agreement with The Hydrogen Technology Corporation (Hydrogen), a recognized leader in the design of financial technology platforms. Under the terms of the agreement, TD will use Hydrogen’s technology to offer clients who invest with TD a complete, end-to-end digital investing experience.
“This is the first of several significant building blocks that will deliver a fully integrated, digital investing experience for TD clients.”
Tony Ierullo, VP, Wealth Digital Innovation, TD Bank Group
Also planned for subsequent phases is the creation of a direct access digital advisor and several new capabilities for TD retail banking customers. This will eventually culminate in a fully integrated, digital investing solution for TD clients, whether they prefer to invest using a self-serve approach, or an advice-led one.
As adoption of the platform increases among TD clients, artificial intelligence features — including parts of Hydrogen’s Web 3.0 offering — are planned for integration into both existing and future applications.
We look forward to working with TD and their amazing clients in the years to come! TD adds to Hydrogen’s footprint in Canada. Along with CI Investments, and hopefully many more to come, the TD relationship means Hydrogen can transform the way Canadians plan, save, invest, bank, get insured, and live their lives.
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 sixth largest bank in North America by branches and serves more than 25 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world’s leading online financial services firms, with approximately 12 million active online and mobile customers. TD had CDN$1.3 trillion in assets on July 31, 2018. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.