Zūm Joins CLA as an Approved Vendor to Offer Lenders Best in Class Payment Technology

February 16, 2021 (Toronto) — The Canadian Lenders Association (CLA) is pleased to welcome Zūm, a leader in fast and intelligent payment operations, into its membership as an approved vendor based on their ability to optimize borrower satisfaction and revenues through next generation payment solutions. 

Zūm empowers lenders to offer efficient and cost-effective real-time funding options while reducing NSFs and returns through data driven payment withdrawals. Zūm’s payment services can be used out of the box with no development or can be fully integrated into existing LMS workflows using the Zūm API.

Zūm Co-founder Miles Schwartz, explained that, “We look forward to continuing to push forward the innovation happening in the lending space by streamlining the entire financial interaction between lenders and its end users from onboarding, to the movement of funds, to operations, to reconciliation, while being the only payment gateway to offer an array of an instant payment options.”

“We are excited to welcome Zūm as an affiliate member and approved vendor,” said Gary Schwartz, President of the CLA. “Zūm has a strong track record of providing innovative payment solutions to Canadian lenders. We look forward to working with them and the rest of our membership to influence policy in a way that promotes transparency and fosters responsible and ethical lending practices nation-wide.”

About Canadian Lenders Association

The Canadian Lenders Association supports the growth of companies that are in the business of lending, or providing other means of credit, to small businesses and individuals by non-conventional or innovative means to exchange ideas and explore ways of improving the sector; encourage principled and professional practices by Innovative Lenders; educate the public at large about Innovative Lending; encourage individual potential borrowers to be informed about the appropriateness of Innovative Lending to the borrowers’ circumstance; and to advocate on behalf of, and represent the interests of Innovative Lenders 

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