Alchemy Integrates with Citadel to Advance Employment and Income Verification for Lending and Financing Industry
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Alchemy Technologies (“Alchemy”), an award winning embedded financing software company, is excited to announce our full integration with Citadel, the industry leading Employment and Income verification SaaS platform.
This partnership enables Alchemy clients to efficiently verify their customer’s income and employment with an easy and intuitive work flow.
There are only a few handful solutions for banks, financial services companies to automatically verify income. Some of the legacy solutions are costly, difficult to integrate, and lacks coverage. Most importantly, legacy solutions are not real time so lenders don’t have an accurate picture of their client’s current employment and income status.
“It was a pleasure to work with integration engineers at Citadel, their API documents are well defined and it was a breeze to complete the integration. their staff was supporting us in real time through our common Slack communication channel. It was a great experience.” – Timothy Li, CEO of Alchemy
This combined solution provides instant output of consumer’s employment information, income details as well as banking details which all could be used to speed up the credit application process, and reduce the number of headcount needed for full verification. This integration partnership will speed up Alchemy client’s customer onboarding process, improve accuracy of verification data, reduce losses and increase compliance related issues.
“Having Citadel integrated with Alchemy expands our reach to the larger lending space. We are pleased to start this relationship with an exciting common client that will launch in the coming month. We look forward to having our solution utilized on Alchemy’s platform soon.” – Kirill Klokov, CEO of Citadel
Citadel is the leading platform for verification of income and employment that covers over 100m working Americans on payroll software. Citadel provides an easy way for people to share payroll data with lenders to verify income and employment at a fraction of a cost of alternative solutions. www.CitadelID.com
Alchemy is an embedded financing software company that powers FinTech and Banks with an end-to-end cloud based SaaS solution. Their award-winning lending software provides a full package of powerful loan modules, including for customer application, loan origination, underwriting, loan management, payments, communications, secondary market, collections and modules allowing merchants and partners to invest. www.TrustAlchemy.com