Royal Bank of Canada acquired Toronto-based Pinch Financial, a fintech that provides online borrower verification and mortgage qualification technology. The acquisition should strengthen RBC's digital mortgage onboarding and underwriting efficiency, potentially improving customer conversion and time-to-close in the Canadian mortgage market. No purchase price or financial terms were disclosed.
Royal Bank of Canada acquired Toronto-based Pinch Financial, a fintech that provides online borrower verification and mortgage qualification technology. The acquisition should strengthen RBC's digital mortgage onboarding and underwriting efficiency, potentially improving customer conversion and time-to-close in the Canadian mortgage market. No purchase price or financial terms were disclosed.
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