DecisionHawk seeks to provide a service for advising and educating small businesses on market financing options; the firm is led by entrepreneurs experienced in business owner consulting; they have released DecisionHawk, a software solution offering problem solving, education and collaboration; driven by big data analytics DecisionHawk can be used for a range of business decisions including: debt capital financing, equity capital financing, business insurance and business referrals. Source
Lending data solutions provider Envestnet|Yodlee has released Risk Insight Suite; Risk Insight Suite builds on the firm's data aggregation and analytics capabilities, providing lenders with a broader solution for obtaining data and evaluating a more comprehensive set of consumer and business data for loan underwriting; the Risk Insight Suite can potentially provide broader access to credit by including expanded profile information from sources such as a borrower's financial institution with data on assets, income and expenses. Source
Gregory Keough has been instrumental in providing an industry solution for emergency financing relief through his platform Finova Financial; the firm was founded to provide a consumer friendly emergency consumer loan product with the goal of being a gamechanger for the high risk payday lending industry; in addition to the recognition of the firm's CEO, Finova has also recently received several other industry accolades including: the US Firm of the Year award for Lending Innovation by the 2017 Fintech Awards, nomination to the Fintech 100 list of the world's leading financial technology innovators and the Consumer Affairs partner accreditation. Source
Vetary.com provides an online healthcare marketplace and financing service for pet care; the platform is managed by FinRise and the business has announced a partnership with FinWise Bank that will help expand and enhance the service offerings on Vetary.com; through the partnership pet owners can apply for financing from their mobile devices and veterinarians can offer financing solutions at the point of sale; the platform also says its loan applications can be processed in minutes with funds available for use immediately. Source
Income& has developed a new real estate investment product, the Prime-Rated Individual Mortgage-Backed Obligation (PRIMO) and is one of LendIt's finalists for the 2017 Emerging Real Estate Platform award; the product allows investors to invest in secured mortgage loans and targets yields of 6% or more; it is open for investment to accredited investors and investment advisers and the firm also has plans to offer the product to all investors. Source
Infinity Eclipse provides a new loan management solution for lenders; it features a user friendly interface for both lenders and customer service representatives; it streamlines data for performance reporting, customer service and accounting; the platform is highly secure and customizable; it's also built for a range of technical integrations and includes digital technology for documentation. Source
LendFoundry has enhanced its lending operating system (LOS); the LOS can now support loan processing and management for point of sale, auto loans, working capital loans and unsecured consumer loans; it also offers one of the industry's best suite of APIs for connecting with industry fintech companies including Clarity Services, Whitepages Pro, FEDChex, Yodlee, Towerdata, Twilio, Plaid, LOB and more; the platform has significantly expanded its API offerings to allow for increased integration across the industry; Brent Fausett, senior vice president and chief commercial officer at LendFoundry says: "Our product development team has built 50+ pre-configured APIs. We will continue on our vision and keep adding new APIs as we believe that a pre-integrated platform places lenders miles ahead of the competition." Source
LendGenius is launching a new product to offer loan options for small businesses and to help increase education and awareness of small business credit availability; the company plans to launch its service in April 2017; the service will feature a dashboard of available loan offerings for companies based on their application profile; LendGenius has also worked extensively on building out the lender integration with the system which provides a range of API integrations and a comprehensive dashboard for reviewing borrowers; in the past four months the company reports over 30,000 requests for capital totaling over $8 million. Source
CloudMyBiz has announced a one platform solution for alternative lending which includes services for origination, underwriting, servicing and client relationship management; the platform is built on Salesforce.com; CloudMyBiz is active in providing cloud solutions for alternative lending; it specializes in Salesforce implementation, migration, integration, development, third party applications and custom app development, helping clients to streamline processes for increased business efficiency. Source
Alternative credit data company VerumView has developed a product primarily focused on capturing data surrounding an end-user's email; it's built on an API-based know your customer service (KYC) and helps to provide credit decisions on thin file borrowers; the system can service the following: identity verification, fraud detection, KYC, anti-money laundering, TF prevention, loan and insurance underwriting, credit and affordability scoring, competitive analysis and targeted marketing. Source