PayNet, Inc., a premier provider of risk management tools and market insight to the commercial finance market, has appointed Anthony Zambon as Director, Canadian Market.

To fill in thin credit information on private companies, Mr. Zambon will help Canadian lenders adopt PayNet’s Credit History Reports (CHR) into their current credit granting process.  These reports are now available through PayNet’s On-Line system to provide Canadian commercial finance lenders with exclusive credit profiles on hundreds of thousands of privately-held businesses.
 
Mr. Zambon will liaison with the largest commercial finance companies in Canada to provide “real-time” access to PayNet’s richest and largest collection of small business loans and leases encompassing more than $18 billion in assets. Within seconds, analysts from anywhere in Canada can obtain credit data through a secure link right from their desktop. This access reduces information collection from hours or days to virtually minutes.

“Credit risk and operating costs are major business issues for Canadian lenders.  Anthony’s efforts as Director will help lower credit risk and reduce operating costs for PayNet members.  Ready access to information has shown to reduce risk for lenders and assist the flow of much needed capital to a variety of Canadian private businesses,” states William Phelan, president, PayNet, Inc.

A veteran of the financial services industry, Anthony was Chief Sales Officer and Vice President of Operations at CIT Vendor Finance Canada with responsibility for sales growth and profitability for the Office and Technology Finance
business unit.  Prior positions included senior roles at GE Capital Vendor Finance Canada as Industry Manager and National Sales Manager.

Anthony is a graduate of Concordia University and has more than 20 years in the industry, including being a member of the Canadian Finance and Leasing Association (CFLA).

PayNet, Inc. Canada is the premier provider of risk management tools and market insight to the commercial credit industry, collecting real-time loan information from leading Canadian lenders and turning it into actionable intelligence. The company's proprietary database -- updated weekly -- is a growing collection of commercial loans and leases, worth over $18 billion. Using state-of-the-art analytics, PayNet converts raw data into real-time market intelligence and predictive information that subscribing lenders use to manage risk, lower operating costs, originate more loans and improve their business strategy. For more information, visit paynetonline.ca.