Nova Credit Expands into Canada, Partnering with Scotiabank as First Canada-Based Bank to Serve Newcomers with Global Credit Underwriting
Today Nova Credit, the world’s leading consumer-permissioned credit bureau, and Scotiabank have partnered to serve Canadian newcomers as Nova Credit becomes the first, and only, cross-border credit bureau to operate in Canada. With this news, Scotiabank will be the first Canadian-based bank to offer prospective customers the ability to share their foreign credit reports when applying for Scotiabank products, powered by Nova Credit’s Credit Passport® which unlocks cross-border credit bureau data to help businesses underwrite new-to-country newcomer populations.
3 Canadian Banks That Just Increased Their DividendsThree of the largest Canadian banks, the Royal Bank of Canada, the Bank of Montreal, and the Bank of Novia Scotia all raised their dividends recently.
Scotiabank and BNP Paribas launch structured products on MSCI Food Revolution and Ageing Society Indexes
Scotiabank announced the launch of Quanto MXN-denominated structured notes linked to MSCI Food Revolution and Ageing Society Indexes. The offerings mark the first-ever launch in Latin America of structured products linked to custom MSCI indexes, bringing innovation and diversification into the Mexican market. The structured solution commercialized by BNP Paribas, the EU’s leading bank, provides an investment approach that seeks to identify long term, structural trends that could drive stock performance in a rapidly changing world.
