Rapid Enterprise Announces New SMB Lending Capabilities and System Enhancements for Digital LOS, Decisioneer, at FinovateFall 2023
BETHESDA, Md.–(BUSINESS WIRE)–Rapid Enterprise, a division of Rapid Finance and an industry leader in delivering automated and scalable Lending-as-a-Service (LaaS) solutions to support the growth and success of small businesses, announced today from FinovateFall 2023 a host of new enhancements to its modern, digital loan origination software, Decisioneer.
Key enhancements included within this latest update to Decisioneer:
- Architecture to support multilingual capabilities within the platform, positioning SMB lenders to better serve non-English speaking loan applicants.
- API-enabled “Prospect” and “Notes” functionality that allows lenders to seamlessly move prospective borrower information from the lender’s CRM system into Decisioneer, further streamlining and accelerating loan origination.
- Adaptive integration between Decisioneer and a lender’s existing loan management system (LMS), ensuring that any loan product changes made within the LMS are seamlessly synched within Decisioneer as well.
- Enhancement of financial analysis capabilities (including ratios calculated from the SMB’s financial data) that enable lenders to gain a more robust view of a small business’ financial profile and repayment ability.
Decisioneer is an end-to-end digital lending platform that helps banks, credit unions and fintech companies automate small business loan underwriting and origination. Acting as the “mission control” for small business lending, Decisioneer offers a scalable, modular platform connecting lenders with real-time bank, accounting, tax, Know Your Customer (KYC) and Know Your Business (KYB) data to both increase underwriting efficiency and reduce credit losses by spotting risk sooner.
“With Decisioneer, our aim has always been to empower lenders by making the business loan origination and underwriting process easier and more accessible,” said Will Tumulty, CEO of Rapid Finance. “With these latest enhancements to Decisioneer, lenders gain meaningful operational efficiencies by automating crucial, time-consuming tasks while providing their employees and customers with a modern, elegant user experience.”
About Rapid Finance/Rapid Enterprise
Since 2005, Rapid Finance has been supporting the growth and success of small businesses across the U.S. Powered by a thoughtful combination of technology, speed and deep industry expertise, the Rapid Enterprise business line provides Lending-as-a-Service solutions to enterprise clients. With modular, flexible and scalable financial solutions, Rapid Enterprise solutions are customized to our enterprise partners’ needs. Learn more at https://enterprise.rapidfinance.com/.
Contacts
Augusta Bauknight
For Rapid Finance
678-781-7214
[email protected]
Alex Arango
For Rapid Finance
912-429-9942
[email protected]
