Uncategorized

Canopy Servicing Announces Partnership With Lendflow to Power Best-In-Class Lending Infrastructure and Embedded Credit Solutions

Canopy Servicing, the most configurable platform for loan management and servicing, announced a partnership with Lendflow, the most powerful embedded credit platform and credit decisioning engine, to empower enterprise Fintechs, banks, credit unions, and non-traditional lenders to offer next-generation credit and lending products with best-in-class speed to market and execution.

“Our partnership with Canopy empowers lenders and fintechs to own and manage the full cycle of a loan – from application, to underwriting, and approval – all the way through account setup, loan disbursement, collections and reporting”

Embedded credit products are expected to surge to more than $7 trillion in total value by 2026, according to Bain & Company. To quote Bain: “Platforms are partnering across the new value chain to deliver these benefits to customers and differentiate their core services. In turn, this increases their ability to spur sales in their core business. For example, embedding payments into the native invoicing workflow improves accounting or business management software for the merchant, significantly reducing time spent reconciling payments and invoices. Embedding financial services helps platforms drive superior economics, increasing customer lifetime value. With minimal incremental customer acquisition costs, platforms can raise average revenues per user, while keeping customers longer.”1

Read: Business Adoption of Emerging Electronic Payment Tools Is On Rise

“With the rapid rise of embedded credit offerings and new and innovative loan products, companies need a technology stack that enables them to build and scale their lending operations. This partnership with Canopy and Lendflow helps lenders launch and manage these products to provide holistic and seamless experiences to businesses and borrowers during the loan lifecycle.” said Canopy Head of Product Anurag Angara. “As partners, Canopy and Lendflow are changing the way Lenders and enterprise Fintechs think about lending technology infrastructure.”

Read: Research Reveals ‘Payment Processing As A Business’ Opportunity For Banks

“Our partnership with Canopy empowers lenders and fintechs to own and manage the full cycle of a loan – from application, to underwriting, and approval – all the way through account setup, loan disbursement, collections and reporting”, says Gordon Bowman, Head of Partnerships. “With the power of Lendflow and Canopy, lenders can offer targeted and personalized loans with built-in automations and a full suite of data and analytics APIs, making smarter decisions faster, minimizing risk, and increasing operational efficiencies.”

Browse The Complete News About Fintech : Counterpart Launches AI-Powered Crime Coverage For Small Businesses Backed by Aspen Insurance

[To share your insights with us, please write to sghosh@martechseries.com

Related posts

StandPoint Finance is Negotiating the Opening of Its Own Bitcoin Mining Farm

Fintech News Desk

Revature and Salesforce Expand Partnership to Build a Talent Pipeline Trained and Certified in Salesforce B2B Commerce Cloud

Fintech News Desk

Genesis Custody Approved By UK FCA As Registered Cryptoasset Business

Fintech News Desk
1