eOriginal Works to Standardize the Marketplace Lending Industry

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Joining the California FinTech Network, eOriginal unites with industry lending and origination leaders to create due diligence standards for the alternative financing sector.

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As part of its membership with CFN, eOriginal’s director of FinTech Strategies has been selected to serve the network’s FinTech Standards Board for Online Lending.

eOriginal, Inc., the experts in digital transactions, announced today that it has become a member of the California FinTech Network (CFN), an emerging trade organization collaborating on the rise and impact of financial technology, commonly known as FinTech.

To build upon its expertise in digital financial asset management, eOriginal has strengthened its focus to helping partners and clients maximize their lending processes in an environment where FinTech is no longer a luxury, but a necessity to compete and survive. CFN is comprised of many leaders in the marketplace space including Funding Circle, Prosper, Social Finance, LendingHome, and others.

“No future exists in banking and financial lending if you are not able to adopt and monetize technology,” said Stephen Bisbee, CEO and President of eOriginal. “We are proud to be an innovator and advisor to businesses navigating digitization and we believe that our involvement with CFN will drive the adoption of best-of-breed technology requirements to keep marketplace lenders ahead of impeding legal regulation.”

As part of its membership with CFN, eOriginal’s director of FinTech Strategies has been selected to serve the network’s FinTech Standards Board for Online Lending. The working group focuses on the due diligence standards for marketplace lending, with the goal to produce guidelines for investor access to marketplace assets.

The standards board is currently comprised of a small group of lenders, investors and service providers from organizations such as Funding Circle, Prosper, Wells Fargo, TransUnion, DocuSign and Ldger.

“We are pleased to partner with eOriginal, the standard for digital transaction management across the Fintech sector,” said James Alexander, chairman of California Fintech Network. “CFN is excited to work on initiatives between service providers like eOriginal and marketplace lenders which continue to disrupt traditional financial services with online, easy-to-use platforms that connect borrowers to investors.”

About eOriginal, Inc.

Founded in 1996, eOriginal is the trusted expert in digital transaction management solutions, specializing in the post-execution management of financial asset documentation. eOriginal SmartSign® and eAsset® Management Services enable an end-to-end solution for fully electronic transactions that must be managed with the highest levels of security and compliance throughout their lifecycle. By treating every transaction as having assets that must be verifiably secure, legally compliant and enforceable, eOriginal provides its customers and partners with eCertainty®. For more information, please visit http://www.eoriginal.com. eOriginal®, eAsset®, eOriginal SmartSign® and eCertainty® are trademarks of eOriginal, Inc. and are registered in the United States or in other jurisdictions.

About California Fintech Network

California Fintech Network is a non-profit trade organization for professionals, founders, executives, and investors that work in financial technology. Their members include the sectors of banking, investments, taxes, credit, lending, real estate, insurance, payments, and alternatives. They converse, collaborate, and meet at events to move their companies and industry forward.

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Scott T. Shepherd
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