WASHINGTON--(BUSINESS WIRE)--Lokyata,a company focused on delivering products that digitize, automate, and scale lenders’ credit decisions, announced that it is one of the hand selected demo companies at CUNA Operations & Member Experience Council Security Summit 2022. The demo is scheduled for the afternoon session on September 22, 2022.
The Lokyata team will be demonstrating the latest platform enhancements that help credit unions (CUs) automate the loan decisioning process. The platform helps minimize manual work, is highly customizable, easy to implement, and enables credit unions to reduce costs and improve underwriting performance. The embedded fintech solution enables CUs to configure their loan origination systems (LOS) with customer-permissioned bank statement analysis data to further support credit decisioning.
Additionally, Lokyata’s workflow supports CUs’ financial inclusion and wellness initiatives on behalf of their members by helping borrowers responsibly gain access to credit -- enabling credit unions to decrease risk while growing their loan portfolios.
“As credit unions look to expand access to credit for their memberships, Lokyata is well positioned to help them do so in a cost-effective, responsible way,” said Steve Bireley, CTO of Lokyata. “CUNA OME is a great forum for highlighting the latest tools and resources that credit unions need to operate successfully and we are excited to participate in this year’s event.”
Lokyata’s global headquarters is in Washington DC with offices in Europe, India, and Latin America to serve its world-wide customer base of banks, non-banking finance companies, credit bureaus, and fintech lenders. Lokyata’s deep lending and credit risk experience, combined with a robust data science practice, pragmatic approach to data strategy, and scalable AI-driven platform deliver measurable results in increased loan approval rates, lower default rates, and improved financial margins. For more information visit www.lokyata.ai or email firstname.lastname@example.org.
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