GreenSky Shrugs off Loss of Bank Partner

GreenSky is a point of sale lender which partners with merchants in a variety of verticals; they also work with investors and banks that invest in the loans; last week GreenSky shared that Regions Financial wouldn’t be renewing their relationship at the end of the year; the stock took a hit on the news, but GreenSky shrugged off concerns citing that they currently have $4.5 billion in other commitments which will get them through 2020; they currently do not see other evidence of lessening demand from banks, instead they find that banks are looking to partner more with fintech companies. Source

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