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-0.000814995925020502 -0.000814995925020502 0 0 -0.00570497147514265 0.00244498777506107 0.00244498777506107 0.00244498777506107
Stock impact report

PGY vs. LC: Better to Choose Profitable Digital Bank or Fintech Play? [Yahoo! Finance]

Pagaya Technologies Ltd. - Class A Ordinary Shares (PGY) 
Company Research Source: Yahoo! Finance
LendingClub Corporation LC and Pagaya Technologies Ltd. PGY operate in the same consumer credit ecosystem but with different business models. Both use advanced data analytics and technology to broaden credit access and enhance underwriting, often serving borrowers outside traditional prime categories. They also depend on capital markets and institutional funding to drive loan growth, making them sensitive to similar macro factors, such as credit demand, funding conditions and investor appetite for consumer loan assets. However, while LendingClub operates as a regulated digital marketplace bank, originating personal loans and retaining some on its balance sheet through LendingClub Bank, PGY does not lend directly. Instead, it uses an artificial intelligence (AI)-powered network to partner with banks and fintech firms to underwrite and purchase loans that might otherwise be declined. Thus, LendingClub's earnings profile is more tied to credit performance, deposit costs and balance Show less Read more
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