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RBC launches Global Credit Connect with Nova Credit to help create a smoother financial start for newcomers to Canada
RBC launches Global Credit Connect with Nova Credit to help create a smoother financial start for...
About this update from Royal Bank Of Canada
[{"type":"text","content":"\n \n \n \n RBC launches Global Credit Connect with Nova Credit to help create a smoother financial start for newcomers to Canada\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 18, 2024\n \n \n /CNW/ - As Canada continues to welcome significant numbers of immigrants this year, Royal Bank of\n \n Canada\n \n (RBC) is committed to being their bank of choice by creating tools and resources designed to improve newcomer arrival experiences. Today, RBC is announcing the launch of\n \n Global Credit Connect\n \n with Nova Credit, a cross-border credit bureau, to help eligible RBC newcomer clients leverage their international credit history in\n \n Canada\n \n .\n \n \n \n \n \n \n \n \n \n Financial products can help give some newcomers more financial breathing room while they find and furnish a place to live, secure work opportunities, and adapt to life in a new country. However, newcomers to\n \n Canada\n \n are currently treated as \"new to credit,\" meaning they cannot use their home country credit history to access appropriate credit products and solutions for their unique situations.\n \n \n \n Global Credit Connect\n \n is a new RBC capability that helps solve this problem by giving eligible clients the ability to translate their home country credit score and history into a Canadian equivalent, which can then be used in applications for RBC credit products and solutions.\n \n \n \"Every newcomer has a unique journey arriving in\n \n Canada\n \n , but many face similar roadblocks trying to access the right financial tools for their situation,\" said\n \n Janet Boyle\n \n , senior vice president, Home Equity Financing & Newcomer Strategy at RBC. \"We're excited to work with Nova Credit to launch\n \n Global Credit Connect\n \n and create a simpler way for eligible newcomers to make a successful financial transition in\n \n Canada\n \n .\"\n \n \n RBC is collaborating with Nova Credit to use their Credit Passport® product to deliver a real-time standardized credit history translation fo...