Zventus, a global business services provider, today announces the launch of FinTech-in-a-Box, a unique consumer lending solution that helps legacy lenders compete with newer and more nimble FinTech companies
Zventus, a global business services provider, announces the launch of FinTech-in-a-Box, a unique consumer lending solution that helps legacy lenders compete with newer and more nimble FinTech companies.
Designed and operated by consumer lending experts for lenders of all types, Zventus’ new full-service FinTech-in-a-Box solution allows lenders to tap into all the capabilities necessary for a FinTech transformation. As a result, companies can simplify lending processes, improve the borrower experience, and take advantage of new cost efficiencies and technologies.
“With so many challenges in today’s market, lender transformation is essential,” said Angel Alban, President at Zventus. “Our Fintech-in-a-Box solution makes that transformation much more manageable, providing access to specialized skills that will drive innovation and growth in the mortgage and lending sectors.”
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FinTech-in-a-Box is the first end-to-end lending solution that spans every aspect of the lending spectrum, from origination to servicing. As a result, businesses can select the capabilities they need to right-size into new markets, expand their products and services, find the best talent, invest in the right technology, or conduct mergers and acquisitions.
“If lenders want to offer new channels and services in different states, we can help them process, underwrite, and sell loans in new locations to test the market,” said Marvin Bantugan, Chief Technology Officer at Zventus. “FinTech-in-a-Box supports lenders interested in entering new markets by eliminating the costs of infrastructure, technology, people, and processes, providing all the capabilities they need in these areas wrapped up in a box.”
Through strategic partnerships, this unique and innovative Fintech-in-a-Box solution is licensed by the Nationwide Multistate Licensing System (NMLS) in all 50 U.S. states. This national solution provides increased efficiencies and enhanced consumer protection to the industry.
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“We designed FinTech-in-a-Box to tackle rising interest rates, low production volumes, declining loan profitability, increased digital lending competition, high costs to originate, and demand for customer-facing digital services,” said James Hendrick, Managing Director at Zventus. “Our 50-state solution solidifies our commitment to solving modern challenges for our partners.”
For the first time in the financial services industry, lenders can leverage the full capabilities of a bank and a FinTech company through one partner. Coupled with an executive team with over 90 years of consumer finance experience, FinTech-in-a-Box represents a timely opportunity for legacy lenders to stack up against new FinTech players in a challenging market.
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