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NewProduct

Help SMB lenders build and

scale with on-demand platform

ers' CRM systems into Decisioneer, further stream-
lining and accelerating loan origination.
• Adaptive integration: Connecting Decisioneer and
lenders' loan management systems (LMSs), ensures
loan product changes are seamlessly synced within
Decisioneer.
apid Finance and its automated Lending-as- • Advanced analytics: Enhancement of financial anal-
a-Service (LaaS) division, Rapid Enterprise, ysis capabilities, including ratios calculated from
enhanced the company's digital loan origination SMB financial data, provide lenders with a more ro-
R software, Decisioneer. Designed to automate bust view of financial profile and repayment ability
small business lending, the end-to-end digital lending plat- while enabling them to monitor risk in real-time.
form can help banks, credit unions and fintech companies
improve efficiencies, stated Will Tumulty, CEO of Rapid Proven, experienced partner
Finance.
Noting that Rapid Finance has supported small and mid-
"Our aim has always been to empower lenders by making size businesses since its inception in 2005, Tumulty credit-
the business loan origination and underwriting process ed the company's growth to its dedicated financial analysts,
technologists and sales executives who work hand in hand
easier and more accessible," he said. "With these latest en-
hancements to Decisioneer, lenders gain meaningful opera- with enterprise clients. The company's expanding suite
of modular, flexible and scalable financial solutions is de-
tional efficiencies by automating crucial, time-consuming
tasks, providing employees and customers with a modern, signed to help clients increase underwriting efficiencies by
leveraging real-time bank, accounting, tax and KYC data.
elegant user experience."
Tumulty further noted that Decisioneer provides real-time "Our financial and technology solutions are designed to
data to improve the user experience. Lenders, he stated, can transform your lending program and create tailored experi-
ences for your SMB customers," Tumulty said. "With Rapid
selectively use the technology suite to customize any aspect
of lending, from loan origination to servicing and recovery. Enterprise, we provide financial and technology solutions
to launch or scale your SMB lending program."
Composable architecture
Reflecting on the company's 18-year tenure as a small busi-
Decisioneer's Lending-as-a-Service options and compos- ness lender, Tumulty said Rapid Finance has funded over
able architecture are designed to be flexible and scalable, $3.5 billion to more than 50,000 businesses and powered
Rapid Enterprise representatives stated, describing the so- the SBA COVID-19 EIDL program, funding $400 billion to
lution as "mission control" for small business lending. Its small and midsize businesses affected by the pandemic. To-
array of modular components are easy to tailor and inte- day, Rapid Enterprise helps partners launch and scale their
grate, they added, to enhance coverage, flexibility and in- own SMB lending programs through its suite of value-add-
teroperability. As an end-to-end digital lending platform, ed services and technologies, he added.
Decisioneer helps banks, credit unions and fintechs auto-
mate small business loan underwriting and origination, the The company's API-driven technologies easily integrate
company noted, with access to a range of real-time data, with other platforms, providing lenders with an end-to-end
such as banking, accounting, tax, know your customer lending stack at a substantial savings, compared to build-
(KYC) and know your business (KYB), to improve accuracy ing their own platforms, Tumulty noted. The data-intensive
and mitigate risk. tool is continuously enhanced and updated to provide a se-
cure, modern, end-to-end lending, as well as an excellent
In addition to automations, customer onboarding, under- customer experience for partners, lenders and clients, he
writer dashboards, lead generation and lead closing, the added.
company cited the following newly enhanced capabilities:
• Translation tools: Multilingual architecture helps Company: Rapid Finance
SMB lenders serve non-English speaking loan appli-
cants. Product: Decisioneer
• Enhanced reporting: API-enabled "Prospect" and Website: https://enterprise.rapidfinance.com
"Notes" functionality allows lenders to seamlessly Contact: sales@rapidfinance.com
move prospective borrower information from lend-
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