Atlantic Fintech sees continued growth in Atlantic Canada
We are delighted by the announcement from Royal Bank of Canada to expand its presence in Nova Scotia. The Province of Nova Scotia noted this could see up to 1,000 new jobs added over six years.
Through this expansion, RBC, the largest bank by assets under management in Canada, demonstrates their recognition of the region’s talent in financial technology. This investment will continue to develop new talent and strengthen the region’s growing fintech sector.
This continues to demonstrate the opportunity and growth in the region: TD Bank expanded its presence in New Brunswick in 2017, and Newfoundland and Labrador’s Verafin exited to Nasdaq for a value of US$2.75 billion in 2020. With over 140 companies in the fintech sector in Atlantic Canada, Atlantic Fintech is excited about the compounding efforts and investments that are being made by Canadian and foreign firms alike, as the sector continues to grow.
You can read more about Atlantic Fintech here.