The initiative is launching with loan offers to select CIBC clients.  The technology allows clients to apply for a loan of up to $35K using a simplified application process, with the ability to securely upload documents online for verification. Future plans to extend the borrowing platform to a wider client base will be based on client experience feedback and input from this first phase. "Canadians expect technology to make experiences faster and more customer-friendly, from booking travel to online shopping," says Andrew Graham, CEO of Borrowell. "In the past few years, we've seen Canadians embrace our fast, fair and friendly approach to personal loans. We're excited to be partnering with CIBC to bring this experience to more Canadians."

http://www.newswire.ca/news-releases/cibc-partners-with-fintech-innovator-borrowell-to-deliver-one-click-online-loans-598834811.html