Alchemy’s Lending Platform is purpose-built to specifically address the needs of today’s consumers as well as enabling automation and real-time underwriting for Banks, Speciality Financing firms and FinTech startups.
Our goal is to become the operating system to launch any financial products for banks and FinTech alike. Our lending vertical solutions are especially powerful with unique workflows that cater to student lending and construction loans. Deep lending domain knowledge with lending and analytics know how is what our clients love the most about us.
Alchemy’s lending platform has two major benefits. Our lending operating system has users in unsecured installment loans, point-of-sale installs such as mechanic shop financing and construction loans:
- A true end-to-end lending experience – We have developed a true end-to-end lending experience for our clients. From the website or mobile app all the way to loan management and payment processing. The entire platform is designed and built from the ground up. Our code base is developed with the latest program language and we have integrations with a variety of credit bureaus as well as with banks.
- A true white labelled experience – Alchemy’s vision is to power banks and financial institutions and help them quickly launch credit products. We always white label our solution behind our clients in a discrete way. There is now “powered by” or fine print, our client operates their businesses with their brand. Alchemy lending platform becomes the work horse behind the scenes.
Whether you are taking applications on a computer, mobile phone or an iPad, we got you covered. Our solution includes iOS or Mobile App as well as mobile-friendly websites for your customers and your network of partners to easily take an application with full underwriting automation. Our Loan Originations System is modular, flexible and easily customizable for your product design.
Whether you want to use business rules, regression model, machine learning or artificial neural network underwriting models, we can help you to build and implement. There are so much credit, identity and banking transaction information, the need of having an underwriter touch every application has become less and less important. Our Alchemy A.I. decision engine and make real-time decisions processing thousands of variables to make the best decision for our clients.
If your lending solution includes a network of partners such as physicians, installers or universities, you are more than likely need a point of sale system where your partners can instantly prescreen their clients in their offices or in the field. Alchemy’s system allows partners to control their own application flow while maintaining underwriting at a central location. The partner portal can view and process their own applications and the admin portal can underwrite, approve and fund the loans.