BMG Money Announces Expanded Leadership Bench, Tightened Controls & Institutional Capital-Markets Program to Support Next Phase of Scalable Growth

New operating cadence, risk governance, legal/compliance rigor, and investor-grade reporting position BMG Money for programmatic forward-flows, expanded warehouse capacity, and future ABS issuance

MIAMI, Fla.--(BUSINESS WIRE)--BMG Money today announced a series of leadership appointments and operating upgrades that strengthen control, resiliency, and scale across its consumer-lending platform while formalizing an institutional capital-markets program. The enhancements include a hardened change-control framework, expanded model and data governance, and codified investor reporting that align with lender, trustee, rating, and insurance-account standards.

“BMG’s next chapter is about disciplined scale,” said Kieran Noonan, President & CEO of BMG Money. “We’ve elevated our operating system—people, process, and controls—so we can serve more customers with speed and consistency while meeting the bar set by institutional investors and counterparties.”

Since its founding, BMG Money has demonstrated sustained growth in serving public and private sector employees who have been overlooked by traditional financial institutions. The company's platform combines transparent lending products with financial education resources, providing customers with comprehensive tools for building financial resilience. This approach has demonstrated strong performance metrics and has resulted in over $5 billion in loans issued by lender WebBank, since inception.

Leadership and Governance Enhancements

The company has appointed executives across critical functions, each bringing deep industry experience that demonstrates BMG Money's commitment to operational excellence and disciplined risk management:

• Chief Operating Officer, Jeff Killian — Leads enterprise operations, service delivery, and AI-enabled productivity programs with focus on defect reduction, SLA accountability, and customer experience optimization.
• Chief Credit Risk Officer, Jamie Kirkpatrick — Oversees credit strategy, model governance, portfolio surveillance, fraud prevention, risk analytics, and change-management controls to ensure responsible lending practices.
• Chief Legal Officer, Robert Mahnke — Directs legal, compliance, and regulatory posture while standardizing disclosures, contractual frameworks, and third-party oversight to maintain the highest standards of consumer protection.
• Controller, Alia Zeitoun — Leads corporate accounting, monthly close procedures, lender/investor reporting, and audit readiness for fast-scaling consumer lending operations.
• Director, Servicing Operations, Brittany Gingrich — Scales servicing playbooks, quality assurance monitoring, and customer experience protocols across contact center and collections operations.
• Director of Capital Markets, Noah Martin — Institutionalizes capital formation across forward flows, warehouse facilities, and asset-backed securities with investor-grade data rooms, covenant monitoring, and transparent surveillance reporting.

“Investors expect repeatability—clear eligibility grids, CE/OC ladders, defined triggers, and transparent monthly reporting,” said Dan Seguine, CFO. “We’ve built the IR and surveillance muscle that turns one-time checks into programmatic capacity.”

Institutional Capital Markets Program

BMG’s capital-markets function now operates on a program basis, including:

• Forward-flow & whole-loan sales: standardized MLPA packages, weekly settlement, and dispute/repurchase SLAs.
• Warehouses/unitranche: borrowing-base models with dynamic advance-rate ladders, trigger-driven cash-trap mechanics, and third-party custodial control.
• ABS readiness: shelf and rating-style collateral stratification, trustee onboarding, and investor stratification package.
• Reporting & governance: monthly investor letters, static-pool and delinquency/charge-off dashboards, and board-level risk reviews.

Commitment to Financial Wellness and Responsible Growth

The upgraded control environment reduces variability, accelerates underwriting and funding timelines, and improves borrower experience while maintaining prudent risk standards. The operational enhancements directly support BMG Money's mission to expand financial inclusion while maintaining prudent risk standards. Unlike conventional lenders that rely primarily on FICO scores, employment-based underwriting recognizes that consumers represent more than a single credit metric, providing access to emergency funding for individuals who may not qualify through traditional channels.

"Consumer debt levels continue to strain household budgets, with 60% of Americans living paycheck to paycheck and 42% lacking any emergency fund,” said Noonan. “Despite 45% of consumers applying for financial products in the past year, nearly half face rejection from traditional lenders, according to Bankrate. This creates an urgent need for fair and responsible access to credit. Our enhanced operational framework allows us to scale our impact while ensuring every borrower interaction prioritizes long-term financial wellness over short-term revenue opportunities."

About BMG Money

Headquartered in Miami, FL, BMG Money has offered employment-based lending solutions since 2011 to help public and private sector employees that have been overlooked by traditional financial institutions and are struggling to overcome archaic methods of determining credit worthiness. Currently operating in 39 states plus the District of Columbia, BMG Money's mission is to enhance the financial wellness of its customers through a combination of financial education, credit monitoring solutions, and emergency loans, providing the tools necessary for a secure financial future. For more information, please visit www.bmgmoney.com.