Technology has been greatly embraced in the finance sector due to the manner in which it has been transforming the operations of the involved organizations. Through technological advancements, a lot of activities in the finance industry have been made easier to handle and also minimizing the chances of loss-making by the forms. However, this advancement in the technology has taken years to reach the lending and credit sector. Many lenders and creditors have been engaging their customers in a prolonged process of filling in forms with volumes of details so that they can access credit from their facilities. These tedious processes have been brought to an end by GreenSky Credit with their recent innovation of an online platform that will enable Creditors to assess and evaluate their customers more conveniently before they access their credit facilities.
After the formation of GreenSky Credit in 2006, the main focus of the company is to ensure convenience and efficiency in the manner in which credit customers are served. It has been very normal for the financial institutions to subject their borrowers to tedious processes of the loan application which sometimes have resulted in frustrations to the borrowers. GreenSky Credit, led by its Principal, David Zalik, realized this market gap and decided to fill it. Instead of providing funds directly to the borrowers, the organization acts as a lender to these creditors. Then it’s the obligation of the financial institutions to vet their customers and ascertain that their creditworthiness is unquestionable and approve them for the access of the funds. Then the obligation of GreenSky Credit follows to disburse the approved funds into the accounts of the borrowers.
The benefit of this platform to the clients is the ease at which they can access credit funds, without filling the tedious forms that they used to fill in the past. Also, the unnecessary scrutiny to which the customers were subjected has also been eradicated. No need to disclose minor details about their families and background to access the funds. To the lenders, GreenSky Credit acts as their surety for the availability of funds whenever the customers borrow.
Sahm Adrangi is the chief investment officer at Kerrisdale Capital Management. He lives in New York City, and is aged 33 years. Sahm has a degree from Yale University in Bachelor of Arts in Economics. Before he founded this excellent company, Kerrisdale Capital Management, Sahm Adrangi was an investment analyst in Longacre Fund Management for some time. During that time, he would conduct investment research and analysis for equity fund and credit fund. Earlier on, Sahm Adrangi also worked with Chanin Capital Partners in the bankruptcy-restructuring group. Here, Chanin Capital Partners, Sahm Adrangi helped in advising the creditors, represented bank debts holders, equity committees, and bondholder committees. Where he currently works, Kerrisdale Capital Management, they are committed to the long-term value of investments and focus on the special situations. The company leads in emerging investment approaches to broaden the investments communities.
In recent news, there has been a striking report made by Sahm on the issues regarding Eastman Kodak Company. The published report explains the short rise in stock by 187 percent of the Eastman Kodak Company, commercial imaging, and printing company. This rise has rendered the shares to rise, which may not benefit the shareholders. Sahm Adrangi in the report believes that the named company, Eastman Kodak Company, does not have a sustainable capital structure and poor fundamentals. Kerrisdale Capital management has a position in the Eastman Kodak Company and anticipates a benefit if only the shares fall. Sahm says in the report that the strategic advisor and the lead developer of the Eastman Kodak Company are companies that cannot be trusted because of their dubious methods of operation. Kerrisdale is convinced that the result of that announcement was to attempt to eliminate some shareholders. The announcement revealed partnership in launching a block chain and a photo-centric cryptocurrency. Sahm Adrangi insists that the sire of the shares rose on means that were not agreeable or justifiable and this affects the benefits of the Eastman Kodak Company shareholders. The report points out that the members of the board of directors of the Kodak Company had laid strict measures before the announcement was made public.