What you need to know about Canada’s largest bank and how it’s expanding

Vancouver, British Columbia – Fintech pioneer Fintec is expanding its banking presence in Canada and the U.S. with the addition of its largest Canadian unit.

Fintec says it will now serve as the lead U.K.-based partner for two new banks in Toronto and Boston.

FinteCorp will now be the lead partner for the UBC-affiliated Toronto-based Bank of Toronto, which will offer its own banking platform, the firm says.

Bank of Montreal is partnering with Finteca to offer its digital lending platform, while Toronto-headquartered Finteco will be the UBS-affiliated UBC partner to offer a cross-border payment solution.

Founded in 2014, Fintegre is Canada’s first fintech bank.

It is backed by the private equity giant Fidelity Investments, and the bank says it expects to expand its banking services to 50 million customers in Canada by the end of 2021.

Fiat finance company BMO Private Bank, a subsidiary of UBS Group AG, also is expanding into the U, U. S. and Canada.

Fidelity will be launching a digital platform in 2017 that will offer digital payment solutions, as well as access to financial and asset management services, Fiducia says.