FinTech Magazine - October 2022 | Page 47

Our customer is highly banked . In fact , they ’ re 100 % banked . They ’ re just not well-served . It ’ s working out better for the banks than it is for them
LENDINGCLUB

Our customer is highly banked . In fact , they ’ re 100 % banked . They ’ re just not well-served . It ’ s working out better for the banks than it is for them

SCOTT SANBORN CEO , LENDINGCLUB
LendingClub has been partnered with TransUnion – acting as LendingClub ’ s primary credit bureau – since it was founded . Recently , they also added Experian to the space where they are embarking on the next growth horizon focused on providing transparency , confidence and relevancy to the consumer .
Other partners include Narmi , a provider of digital banking technology , and Quad , which provides a postal marketing service that is , Sanborn says , remarkably effective . “ Some analogue marketing is still very important . People are often surprised by that , but it ' s a great consumer experience .”
A banking outlook for the future As the fintech and all-digital banking continues to expand globally , there are no shortages of opportunity for companies offering disruptive services . LendingClub , since its acquisition of Radius Bank in
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