5 Hot Bank Technologies From FinovateFall 2012
This Canadian company boldly staked its claim as a "credit card killer" during its Finovate presentation. The company says it offers a new model where consumer loans are originated and serviced on behalf of institutional lenders. CommunityLend allows business to offer instant, POS financing to their customers from any device, with an approval process that takes less than 10 seconds. CEO Michael Garrity said CommunityLend is already online in Canada, and is targeting a mid-2013 launch in the U.S. and is actively seeking financial institution partners.