YouSaid · the spoken record

Renaud Laplanche

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51

first

2016-03-28

most recent

2016-03-28

sittings or episodes

1

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podcast

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1. “So the idea of marketplace lending or peer-to-peer lending, which is a company, an industry we pioneered really when we launched the company in 2007, is a way to deliver credit and fund credit at a lower cost and delivering a better experience than the traditional banking system. And so most of the loans we make on our website are personal loans, they're provided to people to pay off an existing credit card balance. And so we help them refinance at a lower rate than they would get from the bank. And essentially by operating at a lower cost with no branch network, by using technology to automate tasks and simplify processes with lower cost and we pass on the cost savings to consumers who get loans at a lower interest rate than they would have.”

   2016-03-28 · Decoder with Nilay Patel · Recode Decode: Renaud Laplanche, CEO, Lending Club · IDENTIFIED FROM THE TRANSCRIPT