TD Bank partners Amount for digital lending

TD Bank partners Amount for digital lending

TD Bank in the US has enlisted tech provider Amount to power a new digital and mobile personal lending platform.

The Amount platform is being used for TD Fit Loan, which launched last year and helps consumers consolidate higher-interest debt.

Some TD Bank customers can apply for unsecured instalment loans up to $35,000 online or through their mobile device. Approved customers can receive funds as soon as the next day.

The customised platform provides end-to-end lending products as well as individual tools such as fraud prevention and account verification.

Mark Victoria, head, personal lending, TD Bank, says: "Our initial rollout of TD Fit marked the first in a series of collaborative initiatives with Amount that will provide a great experience for our customers, while bringing TD to the forefront of digital lending."

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