Vancouver, B.C. – SNAP Financial Group, Inc. announces a new addition to the executive leadership team – Richard Yang, Chief Risk Officer

SNAP Financial Group continues to round out its executive leadership team with Richard Y. Yang joining as the Chief Risk Officer, responsible for Credit, Collections, Compliance, Fraud and Enterprise Risk. Richard joins SNAP from a startup in the alternative lending market in the US. He has also held executive roles at Barclays as Chief Risk Officer of Europe, Standard Chartered Bank as the Head of Consumer Lending, and other senior roles at FICO, Fifth Third Bank, Experian, Sears and Macy’s.

“The importance of a sophisticated risk and compliance function in an organization such as SNAP cannot be overemphasized. Richard fills a key spot on our leadership team bringing extensive experience as both a senior executive and proven risk expert. As we continue our controlled and aggressive growth strategy in both Canada and the US, his expertise brings great value to the organization on both sides of the border.” said David Nickel, Chief Executive Officer at SNAP Financial Group.

“I am extremely proud to have joined SNAP Financial. SNAP embodies the opportunity to transform the lending environment in every aspect – making payments fast, fair and friendly. Unlike other organizations who artificially state the use of non-traditional data sources to make credit decisions, SNAP is poised to actually deliver the ability to optimize complex lending decisions while making the entire payment experience easier for both our channel partners and the borrower.”

About SNAP Financial Group

Established in 2006, SNAP Financial Group provides turnkey and custom payment solutions designed to help companies across Canada and the United States attract and retain more customers. The company¹s mission is to make it easier for people and companies to pay for their goods and services, specifically with home improvement service providers and insurance brokers.

SNAP helps businesses grow by offering a range of financing products that can easily integrate into a business’ sales and marketing efforts by providing them with seamless loan origination systems, a simple user-friendly, application process, responsive reviews and approvals (typically under a minute), and industry-leading training and support.

Positioned as the fast, fair and friendly payment solutions company, SNAP has facilitated over 200,000 loans and $1 billion in financial transactions.