TD Bank announced in March that they will be partnering with Avant’s technology platform called Amount to power their new personal loan product called TD Fit Loan; Amount also powers the personal loan programs of HSBC, Regions Bank and Banco Popular and will be expanding their offerings beyond personal loans; TD Bank chose Avant primarily because of their tech capabilities; Mark Victoria, the head of unsecured lending at TD Bank said, “Avant has gained a lot of experience in not only just credit underwriting, but also in preventing fraud losses. In addition, they’ve invested a lot time and effort in investigating the latest and greatest when it comes to cutting-edge technology.” Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.