NXTsoft , the market leader in secure, comprehensive and complete solutioning API connectivity and Lokyota , a company focused on delivering AI-powered digital credit solutions that scale, today announced a partnership for API connectivity.
Lokyata helps digital lenders grow and empowers traditional lenders to become digital lenders by using a repeatable approach to building a data strategy and executing it on a managed services AI-driven lending platform. They develop and deploy lending decision models, monitor them in real-time, then update them to ensure continued progress toward business goals, empowering lenders with state-of-the art, predictive analytics, customer engagement and customer financial profiles to provision fully automated loan underwriting in an easy to acquire, cost-effective solution.
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To make the digital lending process seamless for both the financial institution and its customers, Lokyata must connect its powerful solution to a financial institution’s loan origination and management systems. That is where NXTsoft enters the picture. With over 25 years connecting Fintech companies and financial institutions, NXTsoft’s OmniConnect (nxtsoft.com/marketplace) is the leading API connectivity solution completely focused on all aspects of connectivity between financial institutions and Fintech companies. OmniConnect offers the fastest and most cost-effective solution to enable Lokyata to connect its digital credit solution to any financial institution.
“The NXTsoft OmniConnect team is excited to work with Lokyata and remove the friction related to real time connectivity to all systems within a financial institution. Our clients will benefit immensely by having Lokyata’s AI-driven digital credit solution available in the NXTsoft API Marketplace,” said Rich Longo, president of NXTsoft’s data and connectivity division and chief strategy officer.
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