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.
