RBC Partners with Nova Credit to Offer Global Credit Connect for Newcomers to Canada

With immigration levels in Canada on the rise, the Royal Bank of Canada (RBCPF) is taking significant steps to position itself as the preferred banking institution for newcomers. In a recent initiative, RBC has teamed up with Nova Credit to unveil the Global Credit Connect service. This proprietary program is aimed at streaming the financial transition for immigrants by leveraging their credit history from their home countries to obtain credit in Canada.

Introducing Global Credit Connect

The collaboration between RBC and Nova Credit marks a milestone in financial services, representing RBC's dedication to serve Canada's growing immigrant population. Global Credit Connect is designed to facilitate a more efficient financial foundation for newcomers, enabling them to access credit products such as credit cards, loans, and mortgages without the historical barrier of Canadian credit history.

Supporting Newcomers' Financial Journey

RBC's initiative recognizes the challenges faced by newcomers in establishing creditworthiness in a new country. With Global Credit Connect, RBC leverager's Nova Credit's international credit data network, translating credit data from several countries into a standardized format that Canadian credit institutions can use. This service aims to alleviate the financial obstacles immigrants face, creating a smoother transition into the Canadian economy and society.

RBC, NovaCredit, Immigration