FinTech: Rapid Finance Ties With Mambu To Offer Lending-as-a-Service (LaaS) To Lenders Across The United States
The integrated Mambu product offers lenders a seamless transition from loan origination to servicing.
Rapid Finance and Mambu have partnered to offer a comprehensive Lending-as-a-Service (LaaS) solution for lenders. The integration of Mambu’s loan management system (LMS) with Rapid Finance’s Decisioneer loan origination system (LOS) provides a streamlined, digital experience for end-to-end lending, from loan origination to servicing.
The Decisioneer LOS has a fast and simple application process for borrowers, and real-time insights for lenders to make the loan decisioning and underwriting process more efficient. These insights include detailed financial profiles, debt-to-income ratio, and cash flow analysis, made possible by direct API-driven connectivity to multiple data sources. This enables lenders to streamline their origination process and automate workflows. (PYMNTS)
Mambu is a cloud-based SaaS banking platform and its LMS supports lenders’ ongoing customer relationship initiatives.
The new integrated LaaS offering will be facilitated and managed entirely through Decisioneer.
Mambu was valued at 4.9 billion euros in December 2021, and the company plans to use the new capital to speed up its expansion plans.
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