Ken Rees could be the creator and CEO of on line fintech loan provider Elevate. The business acts credit-challenged borrowers at rates far less than alleged payday loan providers. His company additionally aims to assist clients boost their credit scoring and finally increasingly gain access to reduced rates of interest. In this meeting, he covers just how technology is recasting their state associated with the marketplace for individuals with damaged — or no — credit. He participated on a panel of fintech CEOs at a current conference – “Fintech and also the brand brand New Financial Landscape” – at the Federal Reserve Bank of Philadelphia.
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Ken Rees: Elevate credit had been started become mostly of the fintech companies focused exclusively in the requirements of truly non-prime consumers — individuals with either no credit history at all or a credit rating between 580 and 640.Continue reading