Digital Lending Software Platform Announced Major Software Overhaul
The digital lending POS LendTech, formerly known as Zikher, announced the deployment of its first major software update, in addition to a company rebrand. The LendTech 2.0 product update features core user interface and backend enhancements to the fintech SaaS company’s industry leading software. The LendTech version 2.0 release, along with the rebrand, speaks to the company’s core mission to make advanced digital lending technology accessible and easy to use for banks, credit unions, and private lending institutions of all sizes.
“We have reached a pivotal moment in the fintech industry. With LendTech 2.0, we are excited to fundamentally enhance our suite of services for banks, credit unions, and private lenders that are ready to take their loan application process fully digital.” Says Amir Khan, CEO of LendTech.
Headquartered in San Francisco with offices in Austin, Texas, LendTech hopes to continue shepherding the digital revolution of commercial lending with LendTech 2.0. As more financial institutions join the digital banking movement, trends across the industry show technology’s demonstrable impact on overhead costs, loan origination volume, biometric security and more.
LendTech customer Taryn Henricks, President of Private Lending at Worcester Financial, echoes this sentiment, stating, “LendTech has been instrumental in helping us generate more loans from the retail side of our lending business. Since adopting LendTech, we have seen a significant influx of loan leads inbound on our site. Our borrowers love the ease of use and personalized service that LendTech helps us provide.”
In addition to reaching an entirely new generation of borrowers, LendTech has the power to help smaller financial institutions scale the lending side of their business. Lending technology can help companies to increase loan portfolios without hiring additional staff members, as well as turn rich borrower data into actionable business insights.
“Companies like LendTech are operating on the frontier of fintech’s climactic third act. The products and services they will bring to market will catapult the banking industry into the future with enhanced client services, streamlined, scalable operations suites and digital models that will improve efficiency and reduce cost. Banks also recognize that courting the millennial customer requires a fully mobile banking experience and are adopting technologies like LendTech as a requirement for success in the future,” said Edward Schultz, LendTech Advisor.
In the months ahead, LendTech will be focusing on enhancing their product offering even further, as well as expanding their offices in the west and the south, expanding their team with talented fintech vets who share their passion for the digital evolution of commercial lending.
ABOUT LENDTECH
LendTech is a highly intuitive digital lending platform helping banks, credit unions, and private lenders connect to borrowers with unprecedented ease. LendTech’s integrated communication channels expedite full loan application processing with signatures, documents and real-time messaging. The LendTech platform is compatible with both automated and manual loan origination systems, supporting every conceivable type of loan your customers may pursue, including credit cards, HELOC, commercial real estate, SBA, bridge, auto, mortgage, equipment and beyond.
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