Fintech Consumer & Business Lending
From credit analysis to loan processing to payment gateways, advanced fintech solutions can make your company more efficient and more profitable.
Loan origination and processing
Corporate, small business, and government lending typically demand inordinate time spent reviewing financial documents and regulatory requirements. The right fintech solution, however, can automate and dramatically accelerate the process so you make faster and better decisions — both of which are core to increased profitability.
For example, you can automate aspects of reporting so that you increase your margins, or you can integrate it with your CRM to reach more potential clients. With powerful lending software, you can also bring in data from third parties such as the Small Business Administration or Bloomberg Data to feed internal evaluations and monitor exposure.
On the applicant side, digital consumer lending and consumer lending software aggregators make it possible to submit a single application to multiple lenders, improving the user’s loan application experience. A well-designed fintech consumer lending solution can also help give consumers the sense that they are receiving personalized loans.
From a regulatory perspective, data from government agencies such as the SEC’s EDGAR filings can also be incorporated into your lending platform to fend off risk.
BNPL and microlending
Buy Now Pay Later (BNPL) solutions are fast becoming standard in ecommerce and consumer lending because they can lower overhead and increase conversions. Our fintech veterans will help you explore an array of BNPL lending platforms and solutions so you can evaluate the risks and rewards of each one.
Once we’ve identified the right tools for your business, Vention’s specialists can develop it and integrate it with other software you already have in place such as Stripe and PayPal.
Microlending, one of the newest trends in finance, fills the needs of smaller firms, startups, and underserved groups who can’t get loans from banks and major lenders; powerful fintech software makes tapping this market efficient and profitable.
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Sophisticated lending software can tackle and simplify just about every step in the loan application process, no matter what its size. From onboarding to account management to analysis, digital banking can create a thread of efficiencies by extracting data and delivering it securely to decision-makers within minutes rather than weeks or months.
With digital consumer lending and mortgage lending, both you and your customers save time; customers are also relieved of much of the stress of dealing with bureaucratic minutiae and therefore have a better brand experience.
Counterparty credit and risk analysis
Anyone in financial services knows that credit assessment doesn’t stop once a loan is approved; rather, lenders continually evaluate changes to clients’ assets and incomes and keep a trained eye on an array of risks and exposures before they become problems.
The right fintech lending platform helps large commercial banks, credit unions, and nonbank lenders monitor and evaluate their portfolios on an ongoing basis and mitigate risks effectively.
What differentiates Vention’s approach to lending and finance?
Vention has been in the fintech game since before “fintech” was even a term, and we’ve collaborated with leaders in the lending and finance industry including DealCloud, Sungage Financial, and Hydrogen. We know the ins and outs of the sector intimately.
From your first meeting with us, you’ll see that everyone on your Vention team is fluent in the language of lending and finance. We know what KPIs are critical to successful business outcomes and how to design and build software that, from the get-go, delivers data and efficiencies that result in robust metrics and KPIs.
How do you ensure regulatory compliance in your custom lending and finance software?
While regulatory and compliance requirements change often in lending and finance, our constant work within the sector ensures we stay up to speed. You’ll find that at the preliminary stages of our engagement, compliance needs are woven into our discussions, roadmaps, and prototypes.
For large banks, this means having a keen awareness of CCAR, stress tests, portfolio exposure, and other vulnerabilities such as VaR, market and operation risks, and credit exposures. Within the world of crypto, lending software that captures money transfer and state banking licenses is critical. Finally, global regulations such as AML, KYC, OFAC, and sanctions lists are always top-of-mind from your first meeting with Vention fintech experts.
What kind of lending expertise do your fintech specialists have?
Our fintech strategic advisors and developers have worked at the ground level in the financial sector for years, developing groundbreaking products that are distinguished by innovation and efficiency. You’ll find that no matter if you’re in commercial or consumer lending, these industry veterans speak your language and bring rigor and business savvy to the advisory, design, build, and implementation processes.