Virgin Bank of Canada?

When it rains it pours. First IOU Central opens up as the first social lending platform in Canada, and now Richard Branson has announced, somewhat coyly, that he will be moving his Virgin Money brand into Canada.

All the problems and frustrations that people find in the mobile-phone industry they also find in the banking industry here. The banking industry is ripe for a strong competitor here.

All of this, and CommunityLend is still moving forward to their early 2008 launch. Makes me think that Canada will have a very different financial landscape before 2008 is up. Quite a game changer…