Platform Announcement

Platform Announcement

LendAPI Product Update v1.7.1 - Integration Partners and Private Products

LendAPI Product Update v1.7.1 - Integration Partners and Private Products

Feb 19, 2024

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This week we bring you another update to our platform. In this update, we enhanced our Product Builder, we introduced a concept called Private Product, we integrated a few Third Party Providers and we cleaned up a few small bugs to make the Decision Tree Builder friendlier.

As some of you guys have noticed, we are adding a slew of sections on our website. We are building our Marketplace, Documentation. We will feature some of these sections in our up and coming write ups. If you want us to concentrate on certain section of the website, please contact us or write to us at info@lendapi.com

LendAPI Product Update v1.7.1 - Integration Partners and Private Products
LendAPI Product Update v1.7.1 - Integration Partners and Private Products

LendAPI Product Builder Update:

  • We updated the Field controls to make it easier for an applicant to fill out their application built by the Product Builder. In other words, we made the fields on these pages a little tighter and neater.

LendAPI Admin Portal and Workflow Orchestration Update:

  • We further consolidated Global Settings and some other global settings into one page to make the Settings section cleaner and easy to understand. We will continue to clean things up as we move along. If you have any suggestions, please let us know.

  • On the Workflow Orchestration front, you can simulate and send emails with the programmed in attachment requests. This will be helpful to rest your email templates.

LendAPI Decision Tree Builder Update:

  • We further improved the interpretation of OFAC (Office of Foreign Assets Control) responses from our Integration Partners to make decisioning process better

  • We also introduced a few warning messages when editing rule in the Decision Tree Builder to make the rules engineers' life a little easier.

Integration Partners Update:

  • We welcomed a dozen or so Integration Partners to our Marketplace. We are excited to work with all of them to make these options available to our clients. To explore our partners page, please visit Marketplace.

  • We added a Payment Provider 

  • We added a Bank Transaction Data Provider.

  • We also add a Category column in the Integration Partner’s page. This will make it easier for us to sort the types of integration partners on our platform. Similar to our Marketplace categories.

LendAPI Private Product (Private Integration Partners):

  • We are introducing a new concept called Private Product. From time to time we have clients that have their own decision engine services. You can think of them (from our standpoint of view) as Private Integration Partners. In essence, we will build out API calls to our client’s blackbox and it is never made available to the general public on our platform. In other words, the only client that will use these APIs are that particular client.

  • Our Page Builder is also updated to build applications with respect to Private Integration Partners. In other words, you can use our Product Builder and send info to your own Decision Engine, if you so choose.

  • We’ve finished this concept and have a client utilizing this now. 

In other news:

  • We are proud to announce that we are part of PortX.io’s Connect Marketplace! https://portx.io/connect-marketplace/lend-api/. This is important to us because PortX is an important Digital Banking experience partner that connects to all major Bank Cores. You can head on over to our Marketplace page for more information about PortX.

About LendAPI:

LendAPI is a no-code, DIY (Do it yourself) digital originations platform with a fully customizable product designer with the ability to manage applications fields, upload documents and customize consents. LendAPI also has application workflow management, visual decision engine, third party integrations as well as various customer communication methods such as SMS and email all in one super affordable investment. A complete multi-tenant, point-of-sale capable,  white-labeled solution that can help you launch your finance products quickly.

To sign up, please visit app.lendapi.com/signup. We have a 30 day free trial with no obligation.