Platform Announcement
Aug 24, 2024
It’s been almost six months since we launched and we are humbled daily. Let’s face it, software engineering is hard. Fintech software engineering is harder and making it all a configurable SaaS tool where banks can design and deploy financial products in a few minutes is something none of us thought we would take on and succeed.
But here we are. We appreciate all of our clients and partners. We are just getting started and we have exciting news to share with you.
We have launched our embedded financing platform. From javascripts where you can launch a check out experience right from your website to plug-ins for e-commerce platforms such as WooCommerce, BigCommerce and even Marketo are all on the docket to be launched. We will share those milestones with you shortly.
We are hiring, we need good front end developers and QA engineers. If you got what it takes, send us your resume at info@lendapi.com
Here’s what’s happening in LendAPI Platform v2.4.1
Overall Platform Updates
No changes
Product Studio
We launched our first embedded finance offering. You can access a few lines of java script and provide a link right on your checkout page to provide a checkout process for your clients. If you are no longer happy with BNPL players and want to launch your own offering, please take a look at LendAPI’s new Embedded Financing product. This is now in beta in v2.4.1
We are already going way beyond Risk Based Pricing. You can assign underwriting and pricing at each branch or subtenant level. Now you can assign them down to the specific product type (DDA, Loan, Credit Card) per retail location can have their underwriting. This is only available at LendAPI. No one on the market has this capability. This is now available in v2.4.1
We fixed an input field focus issue. When you toggle between each field, it’s less jumpy. This is now fixed in v2.4.1
We further enhanced mobile view when you launch your product using our Product Studio builder. This is enhanced in v2.4.1
We fixed a small bug where if Doc Upload Template names are too long, it was causing an error. We resolved this in v2.4.1
Rules Studio
You can now assign a different underwriting tree and pricing algorithm per product type. For example, if you have three products in your account, DDA, Credit Card and Loans, each product can have their own underwriting path. This is an industry first feature. No competitors have this functionality. This is now available in v2.4.1
We made it easy for you to retrieve the API Payload Code from each of the decision trees built from our Rules Studio. This button and information is now available in v2.4.1
Pricing Engine
No changes
Reports Studio
No changes
Sub-Tenant Admin Features
No changes
Integration Partners
We’ve officially launched MaserCard’s Ekata Identity Verification Tool. This is now available in v2.4.1
We’ve officially launched AtData, an email fraud detection tool. This is now live in v2.4.1
We’ve officially launched MaxMind, an IP fraud detection tool. This is now live in v2.4.1
About LendAPI
LendAPI is the only digital onboarding platform for banks with a suite of Product Studio, Pricing Engine and Rules Studio working in concert all in one platform. Follow us on Blog, Linkedin, X, YouTube and always email us at info@lendapi.com.