Scotiabank and Nova Credit Partnership Eases Credit Access for New Immigrants in Canada
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has expanded its partnership with Nova Credit to help new immigrants in Canada access higher credit limits by using their home country credit history. This initiative addresses the challenge of credit invisibility faced by newcomers.
September 26, 2024 | 11:08 am
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Scotiabank's partnership with Nova Credit aims to ease credit access for new immigrants in Canada by allowing them to use their home country credit history. This could enhance Scotiabank's customer base and improve its market position.
The partnership with Nova Credit allows Scotiabank to tap into a new customer segment by easing credit access for immigrants. This could lead to an increase in customer acquisition and retention, positively impacting Scotiabank's market position and potentially its stock price.
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