ApplyBoard offers ‘proof of financial support’ edge to Canadian study permit seekers

Global education technology platform ApplyBoard has collaborated with the Royal Bank of Canada (RBC) to come up with a joint proof of financial support solution, which will make the process of applying for a study permit in Canada more efficient for learners from India.

To obtain a Canadian study permit, one of the key requirements learners must meet is proof of financial support. This demonstrates that the learners can financially support themselves during their academic stay abroad.

Learners can use ApplyBoard’s document verification platform ApplyProof to submit their applications to the Government of Canada’s Student Direct Stream (SDS) programme. Applying through the platform offers trust and security of a digitally verifiable Guaranteed Investment Certificate (GIC) from the RBC.

“Together with RBC, we are building trust in students’ Proof of Financial Support and helping to strengthen their study permit applications,” said Iman Hassani, Head of ApplyProof.

“Leveraging RBC’s strength in the Canadian financial sector and ApplyProof’s secure and efficient verification capability, we’re making education in Canada more accessible to Indian students.”, he added.

The standalone platform developed by ApplyBoard has taken a step to transform the way official student documents are accessed, verified and shared with stakeholders in the study permit process like immigration officials and admissions officers. Through the ApplyProof platform, Canadian immigration officials can process applications within seconds with RBC GIC from Indian learners.

“This joint Proof of Financial Support solution is one of the many steps we are taking toward our mission to make education accessible globally,” said Meti Basiri, chief marketing officer (CMO) and co-founder of ApplyBoard.

Canada is among the top international study destinations for Indian students due to the inclusive immigration policies, strong multicultural ecosystems and successful work-permit programmes. Between January and November 2021, around 130,000 Indian nationals were granted study permits in Canada, according to data collected by the Immigration, Refugees and Citizenship Canada.

RBC has been offering international students a wide range of services across over 1,100 branches in Canada.

“RBC has a longstanding history of and commitment to supporting newcomers, including international students, who bring innovative ideas and fresh perspectives to campus communities across Canada,” said Amit Brahme, senior director, Newcomer and Cultural Client Segment, RBC.