The student lending technology provider Fynanz has rebranded to LendKey, a cloud-basedlending platform that enables credit unions to provide auto loansand green construction loans in addition to student loans, thecompany announced.
|LendKey said the new platform allows lenders to safely andquickly access lending markets for multiple asset classes, set up afull-scale, compliant lending operation within weeks and gainaccess to a community of like-minded lenders. The products builtinto the platform provide lenders with the tools needed to completecredit decisioning, loan origination, loan participation, loanservicing and demand generation activities, LendKey said.
|“A cloud-based lending platform like LendKey can enable lendersto reduce their capital and operational expenditures as theycontinue to lend and expand into other lending products,” saidVince Passione, CEO/founder for LendKey and formerCEO for Fynanz.
|Founded three years ago, Fynanz offered customized student lending programsas well as the cuStudentLoans.org marketplace and had 230 creditunion clients.
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