Scott Sanborn took over as chief executive officer at Lending Club, facing the challenge of rebuilding confidence in an innovative business model that helped to introduce the concept of P2P lending to the US in 2006; bringing unique experiences from a career that began in advertising, Sanborn has been with Lending Club since 2010, beginning in a role as chief marketing officer for the firm; in the Q&A he provides details about the firm's strategy for evolving through challenging times and what the firm is doing to meet new goals for the future. Source
The fallout from the departure of former Lending Club CEO Renaud Laplanche is still on the minds of many. Although this...
Scott Sanborn discussed the current market environment for online lending in his speech at LendIt USA comparing the industry to the growth of online retail and using Amazon as an example for how businesses can dramatically change and adapt to provide the best services for market needs; online lenders will have to be strategic in identifying market opportunities, building on their proprietary systems and partnering with other companies; Ash Gupta from American Express also noted at the conference the challenges and opportunities presented to online lending through the use of big data; the growing amount of data sourced by the industry has the potential to improve credit models and fraud prevention while also providing broader capabilities through machine learning technology. Source
Back in October last year LendingClub executives ran an exercise where they had to game plan how the company would...
Scott first looks back at 2016, how Lending Club was able to overcome adversity and highlights some of the leading lenders in the space like SoFi and OnDeck; he makes the comparison that online lending is a lot like online retail and there are many lessons to be learned; just like customers in retail the customers in banking do not want to go to the local branch to get a loan, they want to have a seamless digital experience like they already have with the likes of Amazon; Scott offers three ideas to define the next decade for a stronger industry, evolve the customer experience, unleash the platform's potential and amplify the core innovations that serve customers; he finishes up with a few questions from audience members. Source
LendIt Fintech held the 5th annual industry awards to celebrate the top fintech influencers and innovators.
LendingClub recently announced that they would be acquiring Radius Bank; the news was a groundbreaking moment for fintech as LendingClub...
Lending Club will hold its annual shareholder meeting on June 6, 2017; three board directors are up for approval including CEO Scott Sanborn; stockholders owning shares as of April 10 can participate in the virtual event; the shareholder meeting will take place one month after the firm announces its first quarter earnings results on May 4. Source
LendingClub announced Q2 2022 results Wednesday, sending the stock price up after showing resistance in the face of turbulent markets.
It rocked the fintech world. When LendingClub announced they would be acquiring Radius Bank (pending regulatory approval of course) it...