Innovative Lending Platform Association Taps Fintech Innovator Scott Stewart as New CEO (Oct. 16, 2017)

Summary

Press release of Oct. 16, 2017 in which the Innovative Lending Platform Association (ILPA), a Washington, D.C. trade organization of online small business lending platforms, announced Scott G. Stewart as its Chief Executive Officer. Stewart came from the Financial Services Roundtable, where he was Senior Director of FinTech Initiatives and developed collaborative programs between technology companies and financial institutions. The release says he would focus on growing ILPA membership and wider adoption of The SMART Box™, the model small business pricing disclosure the ILPA launched with the Association for Enterprise Opportunity. It quotes Stewart and Cory Kampfer, President and Director of the ILPA, and names Jim Larkin as the contact for the ILPA.

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Innovative Lending Platform Association Taps Fintech Innovator Scott Stewart as New CEO

WASHINGTON, D.C., Oct.16, 2017 — The Innovative Lending Platform Association (ILPA), consisting of the nation’s leading online small business lending platforms, today announced the appointment of Scott G. Stewart as the Chief Executive Officer of the organization. Mr. Stewart joins the ILPA from the Financial Services Roundtable, where he was Senior Director of FinTech Initiatives.

Mr. Stewart will be focused on growing the ILPA’s membership and spurring further adoption by lending organizations of The SMART Box™, the ILPA’s small business model pricing disclosure.

Based in Washington, D.C., the ILPA is the leading U.S. trade organization representing a diverse group of online lending and service companies serving small businesses. United by a shared commitment to the health and success of small businesses, the ILPA and its members are dedicated to advancing best practices and standards that support responsible innovation and access to capital for America’s small businesses.

In his prior role at the Financial Services Roundtable, Mr. Stewart developed and implemented collaborative programs between technology companies and financial institutions, personally recruiting major technology partners to participate. The programs were designed to help financial institutions and technology companies find common ground for partnership on technical issues and public policy. Mr. Stewart will be based at the ILPA’s offices in Washington, D.C. Click here for a photo of Scott Stewart.

“I look forward to joining a strong team committed to furthering The American Dream for small businesses across our great country,” said Scott Stewart. “The ILPA is the voice for responsible innovation and access to capital for small business owners, and I’m delighted to be part of that vital mission moving forward.”

“On behalf of the ILPA, we are very happy to welcome Scott to the team. Scott has gained incredible experience over his career, and we are confident that he will help lead our organization to become an even greater advocate for this country’s small business owners,” said Cory Kampfer, President and Director, Innovative Lending Platform Association. “We all look forward to working closely with Scott on behalf of American entrepreneurs.”

About the ILPA

The Innovative Lending Platform Association (ILPA) is the leading trade organization representing a diverse group of online lending and service companies serving small businesses. United by a shared commitment to the health and success of small businesses in America, the ILPA is dedicated to advancing best practices and standards that support responsible innovation and access to capital for small businesses. The ILPA, in partnership with the Association for Enterprise Opportunity, launched a model small business pricing disclosure called the SMART (Straightforward Metrics around Rate and Total cost) Box. The SMART Box™ is a first-of-its-kind model pricing disclosure and comparison tool focused on empowering small businesses to better assess and compare finance options. The SMART Box is available for broader adoption by lending platforms. Additional information about the ILPA and the SMART Box initiative is available at: www.innovativelending.org

Contact:

Jim Larkin for the ILPA

jlarkin@ondeck.com

203-526-7457

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