Mortgage B-lender Haventree launches online bank

Canadian consumer FinTechs have a new competitor as alternative mortgage lender Haventree launches a digital bank. The news: Toronto-based Haventree Bank , a Schedule 1 Canadian bank, announced on Tuesday morning that it’s launching a direct-to-consumer online banking product and app, expanding on its existing mortgage-lending solutions for customers who may not meet traditional banks’ eligibility criteria. Haventree’s first deposit product is a “hybrid” chequing-and-savings account with no mont