Scotiabank and Nova Credit Partnership Eases Credit Access for New Immigrants in Canada
Scotiabank and Nova Credit Partnership Eases Credit Access for New Immigrants in Canada
Scotiabank is helping recent immigrants to Canada settle into their new lives faster with the expansion of its partnership with Nova Credit1, the leading cross-border credit bureau operating in Canada. Through this partnership, Scotiabank is helping newcomers from select countries2 with the opportunity to access higher credit limits, by allowing them to use their credit history from their original home country when applying online for increased credit limits.
豐業銀行通過擴大與在加拿大運營的領先跨境信貸機構Nova Credit1的合作伙伴關係，正在幫助新移民更快地融入新生活。通過這種合作伙伴關係，豐業銀行允許來自特定國家2的新移民在網上申請增加的信用額度時使用其原始祖國的信用記錄，從而有機會獲得更高的信用額度。
Credit invisibility, or lack of a credit record, can be a huge barrier to credit for those entering Canada, as access to the formal credit system traditionally requires existing local credit history. According to a Statistics Canada report3 that examined data from 2015-2019, approximately 26% of credit-invisible economic families in Canada were immigrants and those who had been in Canada for less than two years were almost twice as likely to be credit-invisible than those born in Canada.
信貸隱身性或缺乏信用記錄可能是進入加拿大的人獲得信貸的巨大障礙，因爲傳統上，進入正規信貸體系需要現有的當地信用記錄。根據加拿大統計局研究2015-2019年數據的一份報告3，加拿大約有26％的信貸隱形經濟家庭是移民，在加拿大居住不到兩年的家庭被信貸隱身的可能性幾乎是出生在加拿大的家庭的兩倍。