Lokyata, a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, announced that its real-time, automated credit decisioning tool, BankAnalyze, is now integrated with Infinity Software’s loan management software platform.
“At Lokyata, we are always looking to work with innovators in the market and Infinity Software is demonstrating the value of scalable, modern technology in an evolving lending ecosystem”
Infinity Software has been providing software solutions to direct-to-consumer lenders for 20 years and has enabled over 700 businesses to centralize their lending operations through a single platform. Infinity offers website design, optimized loan agreements, automated underwriting waterfalls, precise localization, and a variety of consumer loan products. Its configurable loan product engine further helps customers maximize revenues through advanced accounting and reporting, a built-in collections suite and theft-deterring access controls.
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Through the application programming interface API-enabled integration with Lokyata, Infinity Software customers will gain access to additional, valuable loan decisioning data and information, including customer-permissioned bank statement analysis such as Average Monthly Net Income; Minimum Balance; Average Monthly Loan Payments; and Insufficient Funds (NSF) notifications. Additionally, lenders will be able to easily configure auto-fund and auto-deny rules, further streamlining the loan decisioning process.
“Infinity has worked with hundreds of vendors to meet the needs of lenders in our space,” said Shannon Lee, Director of Products at 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 scalable, modern technology in an evolving lending ecosystem,” said Steve Bireley, CTO at Lokyata. “Increasingly, lenders are looking for ways to responsibly help more consumers gain access to credit, and through tools like BankAnalyze and Infinity Software’s platform, more lenders are successfully meeting that goal.”