Questrade Financial has secured regulatory approval from the Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI), to launch its digital bank, Questbank. The company received the ‘Order of Commencement and Carrying on of Business’, which is the final step in the federal banking licensing process. Questrade manages over C$85bn ($60.61bn) in assets and has primarily operated as a non-bank online brokerage. The company applied for the banking licence in 2019 and now plans t ...