Lending solution Kennek will debut a new \”plug and play\” credit infrastructure on cloud banking platform Mambu to assist alternative lenders and credit investors with credit sourcing, Mambu said inside a press release.
Building on Mambu's composable cloud platform, the company will offer you a \”highly flexible\” solution for dealing with loans.
The platform will work with businesses to assist launch and run things, and will let customers streamline all their middle-office and back-office functions, and will give structure and use of risk management tools.
Kennek has seen the interest in Software-as-a-Service (SaaS) platforms, lenders and credit investors, and will be expanding into continental Europe, a lucrative market with more value all the time, the release says.
The company also sees opportunities in North and South America with more interest there, too.
\”The financial market offers plenty of niche tech and knowledge solutions for financial institutions and lenders,\” said Thibault Lancksweert, founder and co-CEO at Kennek. \”But selecting and integrating them requires both a holistic vision and a strong engineering team – which is costly and time intensive.\”
Co-founder and Co-CEO Xavier De Pauq said this can provide a good means to fix get \”any lender or credit investor, regardless of their size, use of a professional, reliable and scalable system at an affordable price.\”
\”By democratising access to a cutting-edge bank-grade system, our partnership with Mambu has created a game-changing solution for that modern lending industry,\” he explained, per the discharge.
Lending has witnessed newer and more effective activity as of late, having a team-up between San Francisco FinTech Nova Credit and identity decisioning platform Alloy helping lenders become more inclusive for that credit spectrum while also not increasing fraud risks.
Read also: Nova Credit Teams with Alloy on Inclusive Business Lending
Nova Credit helps credit-excluded customers access credit and provides financial institutions a method to bolster their numbers of prospective customers.
\”Our mission at Alloy would be to create a future where financial services are available for those, including use of credit to millions of people that do not fit traditional profiles for creditworthiness,\” said Laura Spiekerman, co-founder and CRO of Alloy, inside a May 24 press release.
She added the partnership with Nova allows banking institutions get data to supply credit for those who didn't have the opportunity to type in before.