New Milestone

We’ve continuously optimized our codebase to enhance performance, reducing our processing response times to between 100-500ms. This achievement wouldn’t have been possible without consistent feedback from our clients and sponsors. We also want to take this opportunity to thank our engineering team and senior staff for their vigilance with each release, improving the platform’s performance at every step.

Here are three reasons why banks choose LendAPI to accelerate their growth:

1. Rules Studio: LendAPI offers a graphical user interface for anyone to author credit risk underwriting rules and pricing algorithms, all through a do-it-yourself process. There’s no need to involve engineering to create rules or pull variables from third-party data integrations. Our Rules Studio tracks versions of every rule created, and we’ll soon be offering back-testing functionality, allowing you to test your newly constructed rules with previous applications to observe approval and decline rates.

2. Pricing Engine: LendAPI also provides a fully integrated pricing engine where lenders and banks can configure loan pricing or credit card limits using DIY tools that require no engineering involvement. The end nodes of the decision trees are linked directly to our pricing engine, with both decisions automatically retrieved to populate products built in our Product Studio or through API calls.

3. Integrated Partners: We have over 40 integrated partners ready to go, whether for KYC/KYB products, bank transaction services, or core banking integrations. Clients only need to enter their credentials, and the integration is instantly connected.

These are just a few of the capabilities LendAPI offers to enable fast integration and a one-click-to-launch strategy.

We’re looking forward to crossing the 10 million transaction mark before the end of 2024.

Thank you!

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 “Two Minute Demo Video!”