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.
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio