CIBC Partners with Borrowell for ‘One-Click’ Loans

Canadian Imperial Bank of Commerce (CIBC) will use Borrowell’s technology to offer loans to their existing clients with one click of a button; the loans can be up to $35,000, involve a streamlined online application and will be funded within 24 hours; they will only be offered to a select group of CIBC clients to start; David Williamson, Group Head of Retail and Business Banking, CIBC, says, “Our partnership with Borrowell is based on our shared view that the process for borrowing money for personal banking clients could be improved in the digital age, while retaining all of the prudent risk management criteria you would expect from a major bank.”  Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]