Royal Bank of Canada has acquired Toronto fintech Pinch Financial to expand digital mortgage services. Pinch developed an online qualification platform that verifies borrower data electronically, reducing paperwork and accelerating lender connections.
Senior vice-president Janet Boyle said the purchase advances RBC’s digital roadmap and homeownership support. Chief executive Andrew Wells said the deal scales Pinch’s streamlined, transparent approach nationwide. The acquisition strengthens RBC’s strategy to deliver personalized, efficient financial services as digital lending competition intensifies.
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