Royal Bank of Canada (RY.TO,RY) has acquired Toronto-based Pinch Financial, a fintech company offering mortgage qualification technology. Pinch Financial operates a platform that verifies borrower information online to help qualify Canadians for a mortgage and submit applications to lenders.
Janet Boyle, Senior Vice President, Home Equity Financing, RBC, said: "Pinch's technology will help us accelerate our digital roadmap to deliver a quicker, more streamlined mortgage experience for Canadians."
At last close on NYSE, Royal Bank of Canada shares were trading at $165.41, up 1.21%.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.