The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, has announced today that Martha O’Malley, Assistant General Counsel at Prosper Marketplace, has been elected to serve as Chair of the Board of Directors.
Prosper is a founding member of AFC and O’Malley has served as a board member since inception, including most recently as Chair of the Board Budget Committee.
“As a founding board member, Marty helped build AFC from the ground up and is responsible for making us the fastest growing and most successful advocacy organization representing responsible fintech companies and innovative banks,” said Phil Goldfeder, CEO of the American Fintech Council. “Marty has become one of my closest friends and trusted advisors and I’m thankful for her steadfast dedication to AFC and our mission.”
An accomplished attorney with broad experience working in fast-paced and highly regulated environments, O’Malley serves as an Assistant General Counsel and senior advisor on legal issues relating to fintech consumer financial services. In addition to legal work at Prosper, she also supports governmental relations efforts, including state and federal public policy issues, and represents the company with state and federal regulators.
“I am excited to be at the forefront of innovation in providing consumers with responsible and transparent solutions to their financial needs,” said Martha O’Malley, Chairwoman at AFC and Assistant General Counsel at Prosper Marketplace. AFC, together with its member companies, is proud to lead the way in helping consumers throughout the country and across the credit spectrum find new, useful, and accessible products to meet their needs and continue their journey to financial health and wellbeing.”
Prosper, a responsible and innovative fintech company, was founded in 2005 as the first peer-to-peer lending marketplace in the United States. Since then, Prosper has provided critical access to safe, reliable, and transparent credit by facilitating more than $26 billion in loans to more than 1,700,000 people.
AFC and its members deliver for customers by leading and advocating for the next generation of companies at the intersection of technology and financial services. It fosters innovative, transparent, and responsible products that promote competition, consumer protection, financial health, inclusion, and equity. AFC is committed to robust industry standards, with a focus on consumer protection and regulatory compliance, in addition to advocating for and embracing appropriate government regulation.