Pleasant Grove, UT (June 8th, 2019) – For Immediate Release – Alchemy Technology, Inc., industry-leading lending as a service organization today announce the full integration with Solutions by Text, a leading consumer SMS provider that focuses on consumer finance space. Founded in 2004 and headquartered in Dallas, Texas, Solutions by Text has been helping businesses to understand and leverage the power of text messaging to increase sales and customer retention.
Alchemy and Solutions by Text completed its integration within a few days due to the simplicity of Solutions by Text’s API. The product and project managers were exceptional and helped Alchemy and Alchemy’s clients to integrate their solutions point at various stages of the customer application.
Solutions by Text’s API Calls
Solutions by Text offers several compliance-driven and consent-based API calls to end-customer mobile phones.
The first set of those APIs* is a call to verify that the customer provided phone number is truly a mobile phone number. It is important that Alchemy’s clients have full verification that their end customers are using a mobile phone number to be completely compliant in terms of various regulatory requirements such as TCPA, Telephone Consumer Protection Act.
The next set of the API call is to send a short text message to the end consumers that ask for consent to communicate with them for either or both account management related text messages and marketing messages. The consumer doesn’t necessarily have to consent to marketing related messages and Solutions by Text’s API makes it easy for integrators and platforms such as Alchemy to clearly state the end-customer’s true intent.
The customer simply replies “YES” on their mobile phone and the customer consent is then captured and registered by both Alchemy on behalf of its client and also at Solutions by Text.
An Important Partnership
Getting consumer consent to communicate via SMS in the finanical industry is the most utmost regulated activity in today’s privacy concious environment. The ability to bridge lending technology from Alchemy and SMS technology from Solutions by Text is the right paternship to enable Alchemy’s clients to properly leverage SMS, Short Message Service to communicate and retain their customers.
We encourage our clients and potential FinTech startups to look into Solutions by Text. They are more than just an SMS solutions provider, the API and workflow they’ve built starts with compliance and consent in mind.
*API stands for Application Programming Interface. API allows the application to communicate with each other cross-platform.
A History of Innovation
We are constantly evaluating the best set of tools to integrate with Alchemy Lending Operating System. Whether it is third party databases or other algorithmic based companies, we constantly looking in ways to help our clients to solve the most difficult issues at hand.
If you are interested in building new and innovative solutions with us, please send me an email or email firstname.lastname@example.org. We would love to speak with you.
Our singular vision is to enable the next generation of FinTech evolution with domain knowledge, technology, artificial neural network algorithm, and compliance-driven serving call center to deliver the best product experience for our clients, their partners and ultimately consumers.
About Alchemy Technology, Inc.
Alchemy Technology Inc. is an industry first lending as a service company offering our of the box technology, algorithms and servicing to launch FinTech products for FinTech startups, specialty financing companies and Banks alike. Our vertical workflow specializes in Student Lending, and Home Improvement spaces. Our technology offering includes website / mobile app, loan origination system, decision engine, loan management system, payment gateways, and secondary market access.
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