Platform Announcement

LendAPI Platform Update v2.5.8

LendAPI Platform Update v2.5.8

Nov 3, 2024

Another week flew by just like that but we have a ton of updates in this release. We focused the majority of our efforts this week to harden our client’s end customers' experiences. Whether they are point of sale financing, or embedded check out or credit card onboarding, we continue to refine their onboarding process.

LendAPI Platform Update - v2.5.8
LendAPI Platform Update - v2.5.8

We also spend a lot of time making all aspects of our platform to be more mobile friendly, inside and out. From the applicant’s experience to the admin dashboard, we made everything look as good as possible on a mobile device.

Lastly, we introduced a brand new history tab where all of the actions that took place in the applicant process are recorded and memorialized in a chronological format. Each step, each consent that the applicants made are all properly recorded.

Here are some major milestones we are working on. A/B Testing, Showdown Scoring, MortgagePOS APIs. Our goal is to finish all of these major milestones before November ends and start working on our A.I. initiatives especially in the areas of OCR (Optical Character Recognition) in conjunction with our MortgagePOS milestone. Stay tuned. 

Here are all the details in v2.5.8

Overall Platform Updates

  • The side navigation bar of the admin dashboard is collapsed by default now on mobile view. This is released in v2.5.8

  • The admin dashboard’s application detail view’s history tab contains everything that happens to the application in a historical sequential view. The history tab also contains when applicants consented to all the consents for compliance requirements. This is released in v2.5.8

  • We updated pricing once again and our onboarding flow now matches the new pricing released this past week. This is released in v2.5.8

  • Some of the QA environment generated emails no longer sent to certain administrative staff (Internal Use). This is released in v2.5.8

  • We fixed a minor bug that caused Applicant login sessions to crash when they try to log into their dashboard. This is fixed in v2.5.8

  • We fixed an issue where clients need to update their payment method. This is updated in v2.5.8

Product Studio 

  • We continue to make the LendAPI Secure Card product flow smoother. This is released in v2.5.8

  • We made some enhancements to the LendAPI Secure Card mobile UI. This is released in v2.5.8

  • We further enhanced our Embedded Finance flow smoother for a retailer client. This is released in v2.5.8

  • We made a few changes to the LendAPI Point of Sale financing flow. This is released in v2.5.8

  • We made some adjustments to where we can take initial payments for Point of Sale financing and Embedded Financing flow. This is released in v2.5.8

  • We enhanced our iframe experience for LendAPI Embedded Checkout to digest data from the client’s native eCommerce systems. This will pre-fill customer data before the LendAPI Checkout Experience is initiated. This is released in v2.5.8

  • We made improvements to the LendAPI Mobile Checkout experience. This is released in v2.5.8

  • We improved the look and feel of LendAPI Product Studio in mobile view. This is released in v2.5.8

Rules Studio

  • We created a few variables such as Rent Payment and Application Creation Date. These are system variables everyone can use. This is released in v2.5.8

  • We fixed an issue where an empty decision tree can cause crashes. This is released in v2.5.8

Pricing Engine

  • No changes

Reports Studio

  • No changes

Tenant Admin Features

  • No changes

Tools

  • No changes

Integration Partners

  • We integrated a few more endpoints with our favorite integration partners Pave to get payroll frequency and next pay date from their cash flow analysis APIs. This is released in v2.5.8

  • We released a few more TransUnion variables to indicate credit reports that are suppressed, disputed, hit-no-hit indicators. This is released in v2.5.8

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!