Product: Decisioneer
Company: Rapid Finance
Rapid Finance and its automated Lending-as-a-Service (LaaS) division, Rapid Enterprise, enhanced the company's digital loan origination software, Decisioneer. Designed to automate small business lending, the end-to-end digital lending platform can help banks, credit unions and fintech companies improve efficiencies, stated Will Tumulty, CEO of Rapid Finance.
"Our aim has always been to empower lenders by making the business loan origination and underwriting process easier and more accessible," he said. "With these latest enhancements to Decisioneer, lenders gain meaningful operational efficiencies by automating crucial, time-consuming tasks, providing employees and customers with a modern, elegant user experience."
Tumulty further noted that Decisioneer provides real-time data to improve the user experience. Lenders, he stated, can selectively use the technology suite to customize any aspect of lending, from loan origination to servicing and recovery.
Decisioneer's Lending-as-a-Service options and composable architecture are designed to be flexible and scalable, Rapid Enterprise representatives stated, describing the solution as "mission control" for small business lending. Its array of modular components are easy to tailor and integrate, they added, to enhance coverage, flexibility and interoperability. As an end-to-end digital lending platform, Decisioneer helps banks, credit unions and fintechs automate small business loan underwriting and origination, the company noted, with access to a range of real-time data, such as banking, accounting, tax, know your customer (KYC) and know your business (KYB), to improve accuracy and mitigate risk.
In addition to automations, customer onboarding, underwriter dashboards, lead generation and lead closing, the company cited the following newly enhanced capabilities:
Noting that Rapid Finance has supported small and midsize businesses since its inception in 2005, Tumulty credited the company's growth to its dedicated financial analysts, technologists and sales executives who work hand in hand with enterprise clients. The company's expanding suite of modular, flexible and scalable financial solutions is designed to help clients increase underwriting efficiencies by leveraging real-time bank, accounting, tax and KYC data.
"Our financial and technology solutions are designed to transform your lending program and create tailored experiences for your SMB customers," Tumulty said. "With Rapid Enterprise, we provide financial and technology solutions to launch or scale your SMB lending program."
Reflecting on the company's 18-year tenure as a small business lender, Tumulty said Rapid Finance has funded over $3.5 billion to more than 50,000 businesses and powered the SBA COVID-19 EIDL program, funding $400 billion to small and midsize businesses affected by the pandemic. Today, Rapid Enterprise helps partners launch and scale their own SMB lending programs through its suite of value-added services and technologies, he added.
The company's API-driven technologies easily integrate with other platforms, providing lenders with an end-to-end lending stack at a substantial savings, compared to building their own platforms, Tumulty noted. The data-intensive tool is continuously enhanced and updated to provide a secure, modern, end-to-end lending, as well as an excellent customer experience for partners, lenders and clients, he added. 
Website: https://enterprise.rapidfinance.com Contact: sales@rapidfinance.com
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.
Prev Next
