We are gearing up for one of the most demanded functionalities, “back testing”. Back testing is the ability to run a new algorithm you’ve developed and run previous applications to see if the new algorithms would have made a significant difference in terms of approval and decline rates.

This feature will let you launch your new strategies with a peace of mind and calibrate your new rules further and re-run backtesting as many times as you please until you get to the right approval rates.

We also have plans to release our new A/B testing routines as well where you can conduct A/B testing algorithms as well as customer applications as well. Stay tuned for our exciting next releases.

We are continuing to hire senior full stack developers to join our team. If you are the one or knows anyone with React and Python/Django skillsets, please email us at info@lendapi.com 

Here’s what’s really happening in v2.5.5 and v2.5.6

Overall Platform Updates

• We added the Application Number to the email if the applicant were to send an email within the applicant’s dashboard to the administrator’s dashboard. This is released in v2.5.5

• Fields in the Applicant’s portal/dashboard can were truncated, and now it’s fixed. This is released in v2.5.5

• Reset password flow is now using the new UI. This is released in v2.5.6

• We resized some of the search boxes all over the platform. This is released in v2.5.6

• In the Document Library, the timestamp of when the document was modified or added is now displayed the user’s local time. This is released in v2.5.6

• We now have a setting where our client can pick whether they want to have multiple applications under the same email address. This setting is launched in v2.5.6

• We enhanced a few elements in the Tenant management section of the dashboard. This is released in v2.5.6

• Sub-tenant feature is now added to brand new signups to LendAPI. It used to be hidden and only enabled by LendAPI staff members. This is now released in v2.5.6

Product Studio 

• Customer application now displays the uploaded logo from the private labeled client. This is released in v2.5.5

• We fixed an issue for a particular scenario where the amortization variables aren’t displayed. This is fixed in v2.5.5

• We added a few templates for embedded financing customers. This is released in v2.5.6

• We made an enhancement to the height sensitive to fit the user’s screen for applications launched by our Product Studio. This is released in v2.5.6

• We fixed a minor issue with drop downs impacted by our new UI design. This is fixed in v2.5.6

• We fixed an issue where the Tenant Onboarding flow designed by our Product Studio stops at a certain step. This is resolved in v2.5.6

Rules Studio

• We enhanced the API display to display the full Curl command to make it easier for engineers to interact with newly constructed decision trees. This is released in v2.5.6

• We optimized code for database queries and potentially increased response time by a noticeable factor. This is released in v2.5.6

• We have released internal testing harnesses to automatically test various APIs at LendAPI. This is for internal use only. This is released in v2.5.6

Pricing Engine

• No changes

Reports Studio

• No changes

Sub-Tenant Admin Features

• We resolved an issue in the Tenant detail page drop down menu. This is resolved in v2.5.6

Integration Partners

• Additional fields added to our API calls for Secure Card launch to PSCU. This is released in v2.5.5

• We added hundreds of attributes from CRS Experian integration. This is released in v2.5.6

• We integrated with a new customer’s CRM system to retrieve PIIs as part of the check out process. This is released for the benefit of embedded financing work flow. This is released in v2.5.6

• We released a new API for one of our credit card clients where they can onboard clients with API calls in addition to form fill. This is to support marketing affiliates to send in applications. This is released in v2.5.6

About LendAPI

LendAPI is the only digital onboarding platform for banks with a suite of Product Studio, Rules Studio, Pricing Engine, Integration Marketplace and Variable Library all working in concert on one platform. Follow us on Linkedin, X, YouTube and our “LendAPI Platform Demo Video!”