FinTech Magazine 2019

Page 69

69

05

Tangerine Toronto

Tangerine Bank, a subsidiary of ScotiaBank (the third-largest financial institution in Canada), was acquired in 2012, making it one of the oldest digital banks on the Top 10 list. Due to the backing of a larger traditional bank, Tangerine offers users a wider range of services than the traditionally specialised offerings from independent banks. A money back credit card, low-fee investing, business accounts, chequing accounts, GICs, Mortgages and tax-free savings accounts are among a few of the products on offer.

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