Nov 3, 2023
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LendAPI has been on fire this week with its second release, showing no signs of slowing down. In this latest release, labeled version 1.4.1, the team at LendAPI has fine-tuned the Billings section and addressed several UX issues related to the upgrade path. And here's the good news: the free mode is here to stay! But that's just the tip of the iceberg. Let's dive into some of the exciting highlights from LendAPI v1.4.1
Machine Learning Integration
LendAPI has introduced a groundbreaking feature – their Machine Learning python code stack. This stack empowers the platform to run machine learning models alongside the traditional rules-based underwriting approach. What's even better is that they'll be publishing a set of new APIs related to this next week. So, if you've got your own ML model and you want to integrate it, all you need to do is provide LendAPI with your python code or your model in any language of your choice. This opens up a world of possibilities for businesses looking to harness the power of machine learning in their lending processes.
Session Timeouts Bug Fix
Have you ever faced strange behaviors with session timeouts? If so, fear not, as LendAPI has identified and squashed a tiny bug related to session timeouts. You won't have to deal with this annoyance anymore. If you do encounter any odd behavior, the team at LendAPI is eager to hear from you. Simply reach out to them at info@lendapi.com.
Enhanced Billing Process
LendAPI has revamped its billing invoices and the upgrade process. Now, it's smoother and more intuitive. When you make a purchase, you'll receive your invoice instantly. The team at LendAPI is genuinely appreciative of your support – after all, those purchases help them pay for their winter jackets! So, rest assured, you'll have a seamless experience when managing your billing and upgrades.
Inner Thoughts and Future Plans:
In their release notes, LendAPI also shared some of their inner thoughts. The team has been actively engaging with integration partners and is excited about the prospect of core banking integrations. Moreover, they are looking to expand into the international market with a potential partner, making waves globally.
One fascinating development is LendAPI's contemplation of licensing their platform to banks. This means banks can become Banking as a Service (BaaS) players without any upfront cost. If you happen to know any banks interested in utilizing their platform to collaborate with fintech partners, LendAPI welcomes your suggestions. It's a step towards fostering innovation and collaboration within the financial industry.
And there's more! LendAPI has launched its very own YouTube channel, where they aim to create a plethora of informative videos. These videos will help users explore and understand the full range of functionalities available within their tool. You can check it out at [LendAPI's YouTube channel](https://www.youtube.com/@LendAPI).
In conclusion, LendAPI is not just releasing updates; they're shaping the future of lending technology. With an exciting mix of new features, bug fixes, and ambitious plans, they are a force to be reckoned with in the industry. To learn more and explore their platform, visit their website at [www.lendapi.com](www.lendapi.com). Plus, they've got a free-to-use account waiting for you, so you can experience the innovation for yourself. Build custom variables, make informed decisions, and join Team Lend-A-🥧 in revolutionizing the lending landscape!
About LendAPI
LendAPI is a DIY digital onboarding platform with a fully customizable product builder and an integrated graphical Decision Engine. LendAPI’s application workflow, sub-tenant management, third party integrations plus customer portal and communication methods is a complete end to end solution. It’s free to sign up at app.lendapi.com/signup.