LendKey founder and CEO Vince Passione talks to Tearsheet about the evolution of the lending-as-a-service model, as well as the current macro lending landscape. Ten years ago, everyone wanted to build a direct lender, but LendKey took a different approach by going B2B. They wanted to work with lenders like regional banks and credit unions to help them power their own lending business.

LendKey is now a well networked lending platform designed to deliver capital and liquidity management to banks, credit unions and fintechs.

The Financial Technology Report is pleased to announce The Top 25 Financial Technology CTOs of 2022. The areas of expertise of this year’s awardees run the gamut from B2B payments to currency exchange, data security, and financial infrastructure, among many others. Michael “Hawk” Hawkins is the Chief Technology Officer of LendKey Technologies, Inc. LendKey, via the market’s most advanced lending platform and network, is changing the way financial institutions do business.

LendKey, a leader in managing digital lending networks for credit unions and banks, today announced a partnership with Unqork, the leading no-code enterprise application platform. The new partnership positions LendKey to accelerate its direct and indirect lending solutions and provide its 335 lending partners with stronger tools for balance sheet optimization, liquidity management, and more streamlined reporting.

Similarly, programs like the lending-as-a-service platform LendKey work to connect users with low-cost repayment options from community banks and credit unions, allowing them to compare rates online and find loans with repayment options that suit their needs.

In some cases, partnering with a fintech requires members to switch from one website to another to conduct business, but the emergence of application program interfaces (APIs) is changing the structure of fintech-credit union relationships, said Vince Passione, CEO and founder of LendKey.

As LendKey celebrates $500 million in funded loans, there are plenty of other reasons to celebrate too, co-founder and CEO Vince Passione said.