LendKey Appoints Head Of Credit Risk & Analytics, Establishes New Team To Expand Offering To Lenders

Mar 08, 2016, 07:01 ET from LendKey

NEW YORK, March 8, 2016 /PRNewswire/ -- LendKey, the Lending-as-a-Service platform that connects borrowers with credit unions and banks, today announced the appointment of Salil Mehta as Senior Vice President of Credit Risk & Analytics. Mr. Mehta, an internationally recognized academic and highly accomplished statistician, will oversee LendKey's data and analytics growth—providing strategic insight on credit risk and loan performance for clients and partners.

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"We're extremely excited to welcome Salil to the executive team," said Vince Passione, Founder and Chief Executive Officer of LendKey. "His capital markets experience and knowledge of credit as a debt instrument will be incredibly valuable to our lenders, as they strive to create and grow relationships with history's largest debt-burdened generation."

After the financial crisis of 2007/2008, Mr. Mehta was Head of Analytics for the financial stability office of the Department of the Treasury, where he was responsible for econometric, reporting, and regulatory advice for the Secretary at annual meetings of the International Monetary Fund, and the G-20 and the G-8 summits.

In addition to his public sector tenure, he brings over a dozen years of trading and risk management experience—holding critical institutional positions, including Vice President of Global Investment Strategy at HSBC and Vice President of Global Bank and Equity Research at Citigroup.

On joining LendKey, Mr. Mehta noted, "We are in an age where banks and credit unions are searching for new capabilities to connect with their customers—providing our lenders with augmented services and knowledge, through a proprietary analytics framework at LendKey—is a unique opportunity across the lending landscape, and I'm inspired and excited to be spearheading that endeavor."

Mr. Mehta has a Master's degree in Statistics from Harvard University, as well as a Master's degree in Science and Engineering from Washington University in St. Louis, where he also earned his Bachelor of Science degree. He completed his post-graduate work at Columbia University.

About LendKey 

LendKey pioneered Lending as a Service (LaaS) to credit unions and banks in 2009, and is currently the leading LaaS provider in the U.S., with over 300 financial institution clients. Located in New York and Ohio, LendKey's mission is to transform a $3.2 trillion consumer lending market by connecting thousands of banks and credit unions with millions of borrowers online. Consumers can go to www.lendkey.com to search for, compare and complete student, auto and home improvement loans online from trusted financial institutions. Financial institutions work with LendKey to stay competitive with the online lending ecosystem, to better reach customers and to avoid the cumbersome process of launching an in-house online lending platform. For more information on LendKey, visit www.lendkey.com.

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