Ranqx, the SMB digital lending platform, appoints ex-JPMorgan Chase CIO and Treasurer, John Horner, as Chairman.
The appointment of New York-based retired banker John Horner as Director and Board Chair of Ranqx, is a major coup for the specialist fintech firm who provide banks, credit unions and lenders with real-time data, straight-through credit underwriting, and the intelligence and speed needed to transform the world of small to medium-sized business (SMB) lending.
The news is the latest in a series of recent company announcements, including its Visa partnership and North American market launch, further strengthening and elevating Ranqx within the SMB lending enablement market for banks and credit unions.
Former Treasurer and Chief Investment Officer of JPMorgan Chase, John Horner, held a succession of senior leadership roles from 2002, with significant responsibilities, including managing the $3 trillion balance sheet, before retiring in 2019.
He takes up the reins from Ranqx’ founding chairman Sir Ralph Norris, ex-CEO Commonwealth Bank of Australia, Air New Zealand, ASB Bank, assuming the chairman’s role on 1st September 2022. Sir Ralph’s stewardship saw the launch of the Ranqx insights platform in 2015 and the 2019 strategic pivot into solving the friction within SMB lending for banks.
Founder and CEO of Ranqx, Dave Lewis, thanks Sir Ralph for his experience, integrity and credibility in the formative years of the Ranqx journey and welcomes the appointment of John Horner, who will be instrumental in helping to scale the Ranqx business in the North America banking and lending market.
Dave says: “We are delighted John will be joining as chairman of Ranqx. He brings a wealth of experience, passion and connections into the North American banking and financial sector.
“Unlocking the digital transformation of SMB lending in North American financial institutions is crucial and John will help in building our US presence and growth.
“It’s hard to believe there’s still not one traditional US bank with the online capabilities to provide a straight-through small business loan application, for both unsecured or secured loans, with an instant decision or offer to the customer.
“Ranqx is here to help banks and credit unions address the friction and inefficiencies of SMB lending and we have no doubt John will help us in achieving our goal over the next few years”.
John Horner is currently Managing Partner at MoVi Partners, a network dedicated to learning and innovation that advises, incubates, and invests in early stage companies.
John says of his appointment: “I’m really excited to guide the North American market entry and growth of Ranqx as I believe that banks and SMB lenders have a huge opportunity to evolve and accelerate the flow of capital to SMBs at a time when post-pandemic economic recovery is vital.
“This is at a time where efficient scaling of loan book growth in a labour constrained market means banks and credit unions must adapt and innovate to digital fintech partnerships at pace.”