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Royal Bank of Canada has acquired financial-technology firm Pinch Financial.

Royal Bank of Canada has acquired Toronto-based financial-technology firm Pinch Financial.

KEY POINTS
By Robb M. Stewart Royal Bank of Canada has acquired financial-technology firm Pinch Financial in an effort to bolster its digital mortgage qualification capabilities. The bank, Canada's biggest by market value and one of the largest in North America by assets, said the purchase of the Toronto-based company will position it to deliver a faster, simpler mortgage experience for customers. Pinch, which was founded roughly a decade ago, operates a platform that verifies borrower information online to help qualify Canadians for a mortgage and submit applications. The purchase price wasn't disclosed by Royal Bank. Write to Robb M. Stewart at [email protected] (END) Dow Jones Newswires 03-11-26 0739ET
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