GreenSky Launches Data Science Division to Strengthen its Consumer Protections and Hires New Chief Technology Officer
Summary
ATLANTA--(BUSINESS WIRE)--GreenSky, Inc. (“GreenSky” or the “Company”) (NASDAQ: GSKY), a leading financial technology company Powering Commerce at the Point of Sale®, today announced the launch of a newly established Data Science division to boost the Company’s consumer protection program. As part of GreenSky’s ongoing commitment to advance the state of point of sale consumer protection and enhance the borrower experience, the Company has evolved a combination of traditional and digital policies, procedures, and controls. As part of this process, GreenSky regularly places outbound customer satisfaction calls and emails to sample populations of borrowers to evaluate merchant performance and compliance. Our highly scalable, proprietary technology platform enables nearly 16,000 merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission and include, but are not limited to, risks related to our ability to retain existing, and attract new, merchants and Bank Partners; our future financial performance, including trends in revenue, cost of revenue, gross profit or gross margin, operating expenses, and free cash flow; changes in market interest rates; increases in loan delinquencies; our ability to operate successfully in a highly regulated industry; the effect of management changes; cyberattacks and security vulnerabilities in our products and services; and our ability to compete successfully in highly competitive markets.