Digital lending solution provider Akouba has been endorsed by the American Bankers Association (ABA) subsidiary Corporation for American Banking.
Akouba is a cloud-based, white-labeled technology enabling a bank to offer access to a variety of funding options in the hope of finding the best match for each borrower. They integrate the bank’s own credit policies into a comprehensive online process with the bank employing its own credit policies, originating its own loans and owning the entire brand and customer relationship.
ABA members will receive preferred pricing.
“The small business loan application process is very time-sensitive and costly for banks, and there is a need to simplify and accelerate the process,” Bryan Luke, chairman of ABA’s Endorsed Solutions Banker Advisory Council, said. “Akouba was chosen because they have established an effective and reliable platform for banks to execute the business lending process quickly, efficiently and profitably while also delivering a great customer and banker experience.”
The ABA endorsement is a big step, Akouba CEO Chris Rentner said.
“In a rapidly changing lending environment, and with marketplace lenders disrupting the business lending space, our platform will help banks bring their customers the technology they have been lacking. The ABA’s endorsement will give lending institutions the assurance that Akouba’s solutions meet the highest standards.”
The ABA is offering a free webinar on Wed., Mar. 8 at 2:00 pm EST.