Category: Rapid Enterprise

With more states continuing to pass their own small business financing statutes, keeping up with the compliance requirements across many different states is presenting a challenge for fintechs and other commercial and SMB lenders.

The integration with LoanPro’s API-first platform creates a seamless transition from loan origination to management and servicing to cultivate deeper borrower relationships.

“In this competitive market, it will be important for credit unions to leverage automation and rules-driven origination to provide quality decisions and drive member delight” -Preethi Janardhanan

With more states passing similar regulations for SMB financing, Rapid Finance’s API and user interface equips lenders with a way to remain compliant with states’ specific regulatory requirements.

“In today’s small business lending landscape, lenders must find a way to meet compliance requirements and ensure they are taking the necessary steps to mitigate the impact of fraud” – Will Tumulty

It’s in the best interests of bankers to be proactive about reaching out to their business customers before and after natural disasters occur to let them know about the resources that are available to them.

Rapid Enterprise announces from Money20/20 USA that its award-winning, AI-ready fraud detection platform, Lynx will be sold and marketed through Microsoft Azure Marketplace.

How CDFIs can drive SMB lending in their communities, state-level SMB disclosure requirements and how to prepare, and what small business owners look for when selecting a lender.

Rapid Enterprise announces from FinovateFall 2023 a host of new enhancements to its modern, digital loan origination software, Decisioneer.

With an LaaS strategy in place, community financial institutions are now able to optimize their lending process to make it transparent, modern and faster for their customers.

Rapid Enterprise announces the availability of its SMB Disclosure Service to support business lenders and financing companies in complying with New York’s new commercial transaction disclosure requirements.

There is an increasing trend of financial institutions leveraging innovative fintechs to provide modern Lending-as-a-Service (LaaS) capabilities to streamline the provision of capital to SMBs within their communities.

Lending-as-a-Service (LaaS) is fast evolving as a quicker, more cost-effective way for banks to go to market with new loan products and services without requiring additional staff or infrastructure.

Lynx is available alongside Rapid Enterprise’s true, end-to-end digital loan origination system (LOS), Decisioneer, as components of Rapid Enterprise’s proven LaaS solution set that supports lending operations across acquisition, origination and servicing.

Decisioneer’s borrower portal and portfolio management module for loan officers and underwriters complements Mambu’s loan management system (LMS) to support ongoing customer relationship initiatives.

In recorginition of May as Small Business Month, Finopotamus spoke with Will Tumulty, CEO of Rapid Finance, about the recent offering of the company’s in-house-developed systems and processes to community financial institutions under a model the company calls Lending as a Service (LaaS).

“We are seeing the influence of IoT across industries.” -Preethi Janardhanan