Alchemy Launches World’s First Hybrid Branch and Mobile Lending Operating System
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Alchemy Technologies, (“Alchemy”) a Fintech Infrastructure Company announces today the launch of their next generation of lending operating system that combines brick and mortar operation and online lending experience under one seamless solution.
Incubated in the past six months with two major player national brick and mortar financing companies, Alchemy and its clients finally unveiled this much anticipated solution into production. We also successfully migrated all of the existing customers and loans into the new lending system.
“Working day and night with some of the most forward thinking brick and mortar operators has been an eye opening experience. Not only did we bring their operations to the 21st century, our technology also allows them to acquire customers from new channels. Their customers can transact at home and complete a finance transaction from end to end, they can also visit branches and complete the transactions there as well,” said Timothy Li, CEO of Alchemy.
The Alchemy’s new online and brick and mortar hybrid solution is built for today’s environment as well. With COVID19 spreading around the world. Our digital, touch-less solution provides a great way of servicing those health conscious consumers in a completely different way.
While preserving the charms of brick and mortar locations, customers now have a choice of either visiting a branches or to continue their experiences on their mobile phone. This solution enables our brick and mortar clients to continue their operations even during a shut down scenario due to COVID19.
Some of our most exciting features are:
- Seamless handling and completing applications whether the application started online or in store.
- Buying leads from online lead generators and direct interested customers into an online or a branch experience
- Integration with touch screen for signing promissory notes in branch.
- Mobile friendly experience that allows customers to apply, upload document and sign their application.
- Integrated and load physical pre-paid debit card at the branch.
- Seamless refinancing functionalities
- Branch open and closing as well as cash drawer functionalities.
- Full integration with online lead generators
- Direct Mail functionalities
- Call center technology integration
- Distinct Branch and Online Underwriting Strategies
- Full integration with Debit Card and ACH payment gateways.
- Integrated Collections module
- General Ledger integration
- Rule of 78 for state licensed lenders and effectively update ever changing state by state rules and regulations.
- Check printing technology that allows branches to create checks for customers and paying expenses.
We are pleased and excited to bring this new technology to market and provide a whole new experience for brick and mortar operators as well as their clients.
Alchemy Technologies is a world first fintech infrastructure company offering out-of-the-box technology, algorithms, and servicing to launch financial products for Banks, Specialty Financing Companies, Point of Sale Financing, and FinTech startups alike. Our leasing solution reduces the barrier to entry and brings tremendous value both in our software and industry know-how. Our end-to-end infrastructure offering includes end user experience, merchant experience, loan origination system, decision engine, loan management system, payment gateways, and secondary market access. Follow us on LinkedIn and Twitter.