WASHINGTON, June 23, 2022–(COMMERCIAL WIRE)–Lokiataa company focused on offering products that digitize, automate and scale lenders’ credit decisions, announced that its real-time automated credit decision tool, BankAnalyzeis now integrated with infinity softwareThe loan management software platform of.

Infinity Software has provided software solutions to direct-to-consumer lenders for 20 years, enabling more than 700 businesses to centralize their lending operations through a single platform. Infinity offers website design, streamlined loan agreements, automated underwriting waterfalls, precise localization, and a variety of consumer lending products. Its configurable loan product engine further helps clients maximize revenue through advanced accounting and reporting, an integrated collections suite, and anti-theft access controls.

Through API-enabled integration of the application programming interface with Lokyata, Infinity Software customers will gain access to additional valuable data and information for lending decision-making, including government-authorized bank statement analysis. customer, such as the average monthly net income; minimum balance; Average monthly loan payments; and notifications of insufficient funds (NSF). In addition, lenders will be able to easily configure auto-financing and auto-denial rules, further streamlining the loan decision-making process.

“Infinity has worked with hundreds of providers to meet the needs of lenders in our space,” said Shannon Lee, chief product officer for Infinity. “Lokyata has proven to have a unique product that helps lenders better meet the needs of underserved borrowers and grow their business in a responsible and innovative way.”

“At Lokyata, we are always looking to work with innovators in the market and Infinity Software is demonstrating the value of modern, scalable technology in an evolving credit ecosystem,” said Steve Bireley, CTO of Lokyata. “Increasingly, lenders are looking for ways to responsibly help more consumers gain access to credit, and through tools like BankAnalyze and the Infinity Software platform, more lenders are successfully achieving that goal.”

about infinity

Infinity is the leading LMS in the alternative credit lending space and has been serving the industry for 20 years. Lenders on the Infinity platform have the ability to automate everyday tasks like loan underwriting, payment processing, and debt collection. Infinity offers a variety of credit products, including installment loans, lines of credit, and short-term consumer loans. Licensed to work with both state-registered and tribal lenders, Infinity does business in the US and Canada. Infinity is constantly innovating and improving to enhance its mission of “Giving Lenders the Freedom to Grow.” For more information visit www.infinitysoftware.es or email [email protected]

About Lokyata

Lokyata’s global headquarters are located in Washington DC, with offices in Europe, India and Latin America to serve its global customer base of banks, non-bank finance companies, credit bureaus and fintech lenders. Lokyata’s deep lending and credit risk expertise, combined with a strong data science practice, a pragmatic approach to data strategy, and a scalable AI-powered platform, deliver measurable results in higher loan approval rates, lower default rates and better financial margins. For more information visit www.lokyata.ai or send an email to [email protected]

View the source version on businesswire.com: https://www.businesswire.com/news/home/20220623005675/en/


heather mc daniel
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