Rapid Finance Partners With Mambu To Provide Lending-as-a-Service To Lenders Nationwide
Bethesda, Md. – May 10, 2023 – Rapid Enterprise, a division of Rapid Finance, a market leader in helping small businesses find sustainable and customized financing solutions through a fast and simple application process, announced today from Fintech Nexus USA that its cloud-native digital end-to-end loan origination system (LOS), Decisioneer, is now integrated with Mambu’s cloud-based lending platform.
Decisioneer provides borrowers and lenders alike with a seamless, customized user experience that significantly accelerates the loan decisioning and underwriting process. The platform helps borrowers gain access to needed capital through their lending partners quickly and efficiently.
For small business, commercial and consumer lending, Decisioneer provides lenders with real-time insights, including detailed financial profiles, debt-to-income ratio and cash flow analysis through direct, API-driven connectivity to multiple data sources, allowing lenders to automate workflows and streamline their origination process.
Facilitated and managed completely through Decisioneer, integrating with Mambu provides a seamless transition from loan origination to servicing. Decisioneer’s borrower portal and portfolio management module for loan officers and underwriters complements Mambu’s loan management system (LMS) to support ongoing customer relationship initiatives.
Rapid Enterprise is focused on providing integrated Lending-as-a-Service (LaaS) solutions to its enterprise clients. With this partnership, enterprise customers can leverage the Decisioneer LOS and Mambu LMS as a single, seamless cloud-native platform for their lending operations, powering customer intake, origination and servicing in a unified lending lifecycle platform.
“We're thrilled to partner with Rapid Finance, which has a strong track record of helping small businesses find sustainable and customized financing solutions,” said Andy Gregory, Mambu Head of Partnerships, North America. “Mambu's integration with the Decisioneer next-generation LOS platform enables a streamlined, digital experience for end-to-end lending to better meet the needs of our customers in the SMB market.”
“Through its proven, cloud-based platform, Mambu has established itself as a leader in driving technology innovation and bringing a more modern approach to financial systems,” said Will Tumulty, CEO, Rapid Finance. “That makes Mambu the perfect LMS integration partner for the Decisioneer LOS, which was built from the ground-up to provide lenders and their business banking customers with access to a scalable and flexible cloud-based platform and data to support smarter, faster lending.”
Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 900 employees that support 230 customers in over 65 countries - including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank. www.mambu.com.
About Rapid Finance/Rapid Enterprise
Since 2005, Rapid Finance has been supporting the growth and success of small businesses across the U.S. Powered by a thoughtful combination of technology, speed and deep industry expertise, the Rapid Enterprise business line provides Lending as a Service solutions to enterprise clients. With modular, flexible and scalable financial solutions, Rapid Enterprise solutions are customized to our enterprise partners’ needs. Learn more at www.rapidfinance.com.