Founded in 2006, GreenSky Credit is an Atlanta-based Financial Technology firm that provides credit programs as well as technology to banks and merchants that provides loans to their consumers. Bloomberg reports that services include: same day funding for submitted invoices, account management, collections management, invoice verification, credit services, and online transaction management.
Forbes met with GreenSky’s CEO, David Zalik, to learn first-hand of Zalik’s background and path to success. Forbes reports that GreenSky is ranked third in value as a fintech company, with the CEO landing at billionaire status. Zalik shares the success behind his unique business model in which home remodel contractors are the consumers reached through the company’s sales team pitching their user-friendly mobile device apps. Zalik found an opportunity in this market where GreenSky provides easily accessible and quickly-delivered loans for average scoring FICO consumers.
Between the banks and contractor deals, GreenSky Credit’s model allows the company to profit on both sides of the deal. GreenSky Credit serves as a modern-day middleman and is not constrained by defaults.
Forbes continues to share the story of the businessman who built the company. Zalik’s family moved from Israel to Alabama when he was just 4 years old. He scored exceptionally high on the SATs and enrolled in college classes at age 16. During his college education, Zalik established his first company called Microtech, where he had dropped out of college to focus on his company before selling the 20-person company for a few million dollars at age 22.
After being involved in starting two other companies that ultimately failed, Zalik continued on the challenging path to success even after establishing GreenSky Credit. He was determined through his efforts of begging contractors to a $200 Million deal falling apart, but success was found after many would have given up. With Nigel Morris’ partnership and investment in the company, GreenSky surged to unicorn status.
From an informational technology (IT) perspective, things have changed dramatically over the last decade, 5 years and even 1 year when it comes to security options available to protect a corporate network. Companies have deployed the most fierce firewalls, email monitoring and SPAM deflection systems that some of the corporate networks seem more secure than fort knox. But there is always a weakness in a network. What most companies don’t realize, is how obvious that weakness often is.
Imagine an organization terminating someone for poor performance. Or perhaps they were terminated for inappropriate behavior at the workplace. Whatever the scenario, it is fair assumption that a terminated employee may not have the best taste in their mouth after being escorted out of the building they may have poured years of work into. While most of these employees will move onto to their next careers without looking back, there may be a handful that are out for revenge. Would you believe that after an employee leaves an organization, they still have access to the corporate network close to 60% of the time? An ex-employee could login and access any of the information they had visibility to while they were an active employee. They could download and steal an organization’s precious data while breezing past the firewalls and security administrators. Sounds too easy right? Well, it happens more often than companies would like to admit. It’s not just the small companies that are vulnerable or unprepared for such events. Companies like Marriot Hotels and OFCOM have been the targets of disgruntled ex-employees.
It is time companies took a preventative approach to protecting their networks and invaluable data from an ex-employee with motive to do harm. One industry leading organization to help companies protect themselves from unauthorized access to a corporate network is Onelogin. Onelogin offers a myriad of solutions to protect your organization’s network and has the experience and expertise to deliver the results you seek. Waiting until it is too late is a far more expensive proposition that partnering with a solutions provider like Onelogin to maintain the integrity of your IT infrastructure.