Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Home Technology Lokyata Announces Systems Integration with Infinity Software, Bringing Enhanced Loan Decisioning Capabilities to Lending Institutions
Technology

Lokyata Announces Systems Integration with Infinity Software, Bringing Enhanced Loan Decisioning Capabilities to Lending Institutions

by Uma

 

 Washington, DC – June 23, 2022 – Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, announced that its real-time, automated credit decisioning tool, BankAnalyze, is now integrated with Infinity Software’s loan management software platform.

 Infinity Software has been providing software solutions to direct-to-consumer lenders for 20 years and has enabled over 700 businesses to centralize their lending operations through a single platform. Infinity offers website design, optimized loan agreements, automated underwriting waterfalls, precise localization, and a variety of consumer loan products. Its configurable loan product engine further helps customers maximize revenues through advanced accounting and reporting, a built-in collections suite and theft-deterring access controls.

 Through the application programming interface API-enabled integration with Lokyata, Infinity Software customers will gain access to additional, valuable loan decisioning data and information, including customer-permissioned bank statement analysis such as Average Monthly Net Income; Minimum Balance; Average Monthly Loan Payments; and Insufficient Funds (NSF) notifications. Additionally, lenders will be able to easily configure auto-fund and auto-deny rules, further streamlining the loan decisioning process.

 “Infinity has worked with hundreds of vendors to meet the needs of lenders in our space,” said Shannon Lee, Director of Products at Infinity. “Lokyata has proven to have a unique product that helps lenders better meet the needs of underserved borrowers and grow their business in a responsible and innovative way.”

 “At Lokyata, we are always looking to work with innovators in the market and Infinity Software is demonstrating the value of scalable, modern technology in an evolving lending ecosystem,” said Steve Bireley, CTO at Lokyata. “Increasingly, lenders are looking for ways to responsibly help more consumers gain access to credit, and through tools like BankAnalyze and Infinity Software’s platform, more lenders are successfully meeting that goal.”

 

Recent Post