Investment and personal loan platform Lending Club announces the adoption of Oracle ERP cloud services

Oracle Global Congress, October 2, 2012--the leading investment and personal lending platform Lending Club announces the adoption of Oracle ERP cloud services (Oracle ERP Cloud service) to improve decision making and workflow, and to achieve stable and reliable reporting capabilities, While leveraging the inherent scalability and cost advantages of cloud computing.

The Lending Club has more than 76,000 borrowers and 90,000 investors. The platform uses technology and innovation to reduce the cost of traditional banks ' business and provide borrowers with more favorable interest rates and higher returns for investors.

Through extensive research and evaluation, the Lending Club has decided to adopt Oracle ERP cloud services, not only because Oracle ERP cloud services provide extensive and in-depth functionality and ongoing innovation, but also because Oracle offers an open architecture, industry-leading position, And the partners have a solemn commitment.

The core goal of the Lending Club is to create a more efficient mode of work. Furthermore, the automation, communication, and collaboration capabilities of Oracle ERP cloud services will help achieve better workflow, improve productivity, and have greater control over financial data.

Because the Lending Club online lending platform is internally developed, the Lending Club has chosen Oracle ERP cloud services to facilitate integration with current systems, while ensuring that it resources are focused on the company's own platform and benefiting from the scalability of the cloud to achieve lower operational costs , higher data security, and disaster recovery capabilities.

Based on the rapidly growing data-intensive business, the Lending Club also deploys reliable data analysis and reporting capabilities to improve the decision-making process through business intelligence in Oracle ERP cloud services.

Oracle and Customer Executive quotes

"We are an innovative, data-intensive, high-growth company and we need matching solutions and partners," said Carrie Dolan, chief financial officer at Lending Club. We have studied all the options, and Oracle ERP cloud services are clearly the winners for functionality, business value, and commitment to customers. ”

"Oracle ERP Cloud services really set a new standard for the financial industry," said Terrance Wampler, vice president of Oracle's financial products strategy. We look forward to working with the Lending club because they can transform reporting, decision making, and efficiency into business value through Oracle ERP cloud services. ”

About Lending Club

Lending Club uses technology and innovation to reduce the cost of traditional banking, offer more favorable interest rates to borrowers, and provide higher returns for investors. Founded in 2007, Lending Club was recognized by Harvard Business Review and Dow Jones for its fruitful business results and innovations, and was named "the Most Promising company in America" by Forbes in 2011, and was awarded the "20129374.html" > World Economic Forum Technology pioneer Title。