Overview
What is KleverLend?
KleverLend is a Decision Management SaaS Platform designed to streamline loan processing for lending institutions of various sizes. According to the vendor, this solution caters to the needs of financial institutions, banks, credit unions, online lenders, and peer-to-peer lending platforms. By automating...
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- Tech Details
What is KleverLend?
KleverLend is a Decision Management SaaS Platform designed to streamline loan processing for lending institutions of various sizes. According to the vendor, this solution caters to the needs of financial institutions, banks, credit unions, online lenders, and peer-to-peer lending platforms. By automating decision-making processes and providing configurable workflows, KleverLend aims to enhance speed to market, ensure compliance, and enable data-driven decisions.
Key Features
Speed to Market: According to the vendor, KleverLend reduces loan processing costs by implementing a rules-based automated decisioning workflow, enabling lenders to route applications efficiently. The platform integrates with third-party data sources, reporting services, bureaus, and servicing providers, aiming to streamline the process within days.
Fully Configurable: KleverLend offers lenders an intelligent visual workflow and configurable credit policies, as claimed by the vendor. The platform provides unlimited champion/challenger capabilities, allowing lenders to test current decision strategies against new ones. Additionally, KleverLend includes pre-built integrations with fraud and alternative credit data providers.
Compliance & Analytics: The vendor states that KleverLend ensures compliance by preserving all input and output data of a credit application process. The platform offers an extensive set of meta data attributes for in-depth analysis. Lenders can also benefit from configurable reporting and data analysis across their portfolio.
Automate Decisioning: Powered by an advanced configuration and workflow engine, KleverLend allows lenders to adjust business rules easily and with minimal disruption, according to the vendor. Changes can be published anytime, from anywhere, aiming to provide a seamless decisioning process.
Secure & Compliant: KleverLend is managed in a secure and regulatory compliant manner, according to the vendor. The platform is built with security in mind, incorporating highly secure decision-flows and robust data handling protocols.
