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Have Ideas on Helping Canadians Manage Debt? Calling All Innovators to Scotiabank's First Hackathon

Scotiabank Hack IT Takes Place February 5-7, Offering $25,000 in Prizes and Invitations to Interview for Positions at the Scotiabank Digital Factory

TORONTO, ON--(Marketwired - January 28, 2016) - The Scotiabank Digital Factory is proud to present the Bank's first hackathon, when over 100 top tech minds will come together to find creative solutions to help Canadians manage debt.

As part of the Bank's commitment to recruiting talented innovators, Scotiabank Hack IT will take place February 5-7 in Toronto at Scotiabank Centre, located in Scotia Plaza.

Scotiabank is reaching out to developers, designers and entrepreneurs to come out for this 48-hour event, where teams will create a digital experience that helps people better manage debt.

"We are looking forward to meeting and working with the best and the brightest in these fields at Scotiabank Hack IT. We see this as a great recruitment opportunity for the Bank," said Jeff Marshall, Head, Scotiabank Digital Factory. "We are excited to be engaging with bright, talented innovators and can't wait to see what their creativity brings to life over the weekend on the important topic of debt management."

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There will be $25,000 in prizes for the top three teams, who will be selected by guest judges, including Amber Mac, Ron Tite, Mike Bowler, Jeff Goldenberg and Adam Nanjee.

Teams will present their solutions on Sunday from 3:00 p.m.- 5:00 p.m. in a science fair style, with the winners' announcement taking place at 5:45 p.m.

The winning teams and other selected participants will be invited to interview for open positions at the Scotiabank Digital Factory.

Scotiabank Hack IT is part of the Bank's commitment to investing in technology in order to better anticipate and exceed customers' expectations.

Learn more about the event at www.scotiabankhackit.com, by following us on Twitter at @ScotiaHackIT and by using the hashtags #ScotiabankHackIT and #debtchallenge.

There will be opportunities for media to do interviews prior to and during the weekend with Scotiabank representatives and participants. Please contact Scotiabank Corporate Communications for further information.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 90,000 employees and assets of $856 billion (as at October 31, 2015), Scotiabank trades on the Toronto (BNS.TO) and New York Exchanges (BNS.TO). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankNews.