Beam Selected by LendingClub
We announced today that we have partnered with LendingClub, America’s largest credit online marketplace connecting borrowers and investors, to provide them with their new anti-money laundering compliance platform. You can read the press release here.
LendingClub provides a platform where borrowers can specify the type of loan they are seeking. Investors can then browse through the loan listings and decide which ones to invest in. LendingClub was founded in 2006 and was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. It is now the largest peer-to-peer lending platform in the world.
Fintechs such as LendingClub must protect their customers from bad actors and comply with anti-money laundering regulations. Beam provides the ideal solution for fintechs who want a highly secure, cloud-based solution that can be deployed quickly at a much lower cost than other offerings.
We are excited to be working with LendingClub as their compliance partner. Request a demo today to learn how Beam can transform compliance in your organization, too.