Business Fintech News

Kasasa Partners with NXTsoft’s OmniConnect Marketplace to Deliver Seamless Loan Experience to Community Financial Institutions

Kasasa “Report Card” Provides Actionable Insights to Financial Institution Clients

Partnership provides real-time consumer access to Kasasa Loan status

Kasasa®, an award-winning financial technology and marketing provider, has partnered with NXTsoft, the market leader in API connectivity, to enhance the lending process for community banks and credit unions and their borrowers.

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Together, NXTsoft and Kasasa will provide a level of ease and flexibility to the lending processes that borrowers have never seen before. The capabilities and functionality of online loan interactions become a non-issue because of the end-to-end connection of data that this partnership provides. Consumers can expect consistency and real-time data whether they’re logging into a mobile banking platform or interacting with a bank or credit union in person.

“Our partnership with Kasasa enables us to provide their clients with quick, seamless and intuitive access to the information borrowers need most regarding their loan status and balances,” said Rich Longo, Chief Strategy Officer and Omni Division President at NXTsoft. “NXTsoft’s OmniConnect has provided connectivity to banks and credit unions for more than 25 years, and we look forward to working with Kasasa to further streamline the lending process for communities across the nation.”

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NXTsoft is a secure data solutions software platform that develops products and services to help businesses secure, connect and optimize their data to maximize revenue opportunities, enhance profitability and mitigate cybersecurity risk.

“Our goal is to make life easier for our clients and the people they serve,” said Chris Cohen, EVP, Product Management at Kasasa. “Community financial institutions offer more favorable interest rates and benefits than megabanks, making them one of the best sources for consumer-friendly lending products. By partnering with NXTsoft, Kasasa expands and smoothes the lending process to make it even more intuitive, thus further enabling community financial institutions to compete with larger banks.”

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