Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, has partnered with DocuSign, the leader in Intelligent Agreement Management, to transform digital loan origination. This collaboration empowers financial institutions—including credit unions, auto lenders, and community lenders—with AI-driven e-signature automation and compliance-focused document management. By integrating DocuSign’s secure e-signature technology into Algebrik AI’s cloud-native Loan Origination System (LOS), lenders can eliminate manual document handling, streamline workflows, and accelerate loan approvals. Key Benefits of the Algebrik AI & Docusign Integration ✅ Seamless E-Signature Workflows Loan officers and borrowers can now digitally sign loan agreements within Algebrik AI’s platform, eliminating friction…
Author: Editorial Team
Coast Capital, Canada’s largest federally regulated credit union, has officially launched its cutting-edge digital commercial banking platform in partnership with ebankIT, a leading global provider of digital banking solutions. This launch marks a significant step in Coast Capital’s mission to enhance financial services for its 600,000 members across 45 branches, managing nearly $27 billion in assets. Additionally, the credit union has renewed its long-term strategic partnership with ebankIT, reinforcing its commitment to innovation and excellence in digital banking. Advancing Business Banking With a Seamless Digital Experience For the past five years, Coast Capital has consistently ranked among Canada’s top credit…
Metro Bank has announced a strategic partnership with Covecta, an AI-powered financial services platform, to enhance efficiency across its corporate and commercial credit operations. By integrating Covecta’s Agentic AI, Metro Bank aims to streamline the entire loan lifecycle, from lead acquisition to servicing, reducing manual effort and improving decision-making. Boosting Efficiency with AI Covecta’s AI-driven automation significantly accelerates traditionally time-consuming processes. According to Metro Bank and Covecta’s analysis, tasks that once required hours of manual work are now completed in minutes, delivering an impressive 60-80% reduction in processing time. This results in enhanced team productivity, improved risk assessment, and faster…
AKUVO, a leading provider of collections and credit risk management technology, has announced that Prosperity Bank, a financial institution with $40 billion in assets, has selected its innovative platform to optimize collections processes. Driving Efficiency in Loan Collections With 285 branches across Texas and Oklahoma, Prosperity Bank is known for its community-focused banking approach. By implementing AKUVO’s platform, the bank aims to enhance efficiency, protect assets, and streamline collection workflows. “As the financial sector faces rising delinquencies, it’s crucial to have a scalable, data-driven approach to collections,” said Steve Castagna, Chief Revenue Officer at AKUVO. “We are excited to partner…
Liberis, a global leader in embedded finance, has partnered with Teya, a merchant-focused financial services provider, to expand their fast and flexible SME funding solutions to the Czech Republic and Slovakia. This follows their successful UK launch, offering seamless financial support to over 23,000 merchants across the region. Through this partnership, businesses can access pre-approved, revenue-based financing via a fully automated process. Funds are available in as little as five minutes, helping SMEs invest in growth without the delays of traditional banking. Empowering SMEs with Fast, Hassle-Free Funding With a growing demand for alternative financing solutions across Europe, this expansion…
NatWest Group has announced a groundbreaking collaboration with OpenAI, making it the first UK-based bank to partner with the AI leader. This partnership supports NatWest’s strategic focus on simplifying banking operations, enhancing customer experiences, and boosting efficiency through cutting-edge artificial intelligence. By integrating OpenAI’s latest generative AI (GenAI) technology, NatWest aims to accelerate innovation across its digital banking services while maintaining industry-leading data privacy and security standards. Expanding AI Capabilities for Smarter Banking NatWest has already seen success with AI-powered virtual assistants like Cora+ and AskArchie+, which improve customer support and automate key banking functions. Now, this collaboration with OpenAI…
PensionBee, a leading online retirement provider, has expanded its U.S. services by adding Roth and Traditional IRA contribution capabilities to its mobile app. This new feature empowers users to make tax-advantaged contributions seamlessly, offering greater control over their retirement savings. Launched in December 2024, PensionBee’s U.S. platform simplifies the process of consolidating old 401(k)s and IRAs into a modern, easy-to-manage retirement account. With this latest update, users can now make pre-tax and post-tax contributions in just a few taps, ensuring a streamlined and hassle-free saving experience. “We entered the U.S. market to give consumers more control over their retirement,” said…
A recent study by global analytics software leader FICO highlights a major shift in the banking habits of UK consumers. While the closure of physical bank branches continues to spark controversy, 75% of respondents now consider their banking app the most or second most important feature of their primary bank account. In contrast, only 33% believe having a local branch is a top priority. Despite this digital shift, traditional banks still dominate the UK market, serving 81.5% of consumers compared to just 12% using digital-only banks. Understanding this evolving preference for digital convenience and human interaction is crucial for banks…
As the shared mobility industry expands, efficient and secure customer onboarding is critical. Rising identity fraud—projected to cause over $50 billion in annual losses by 2025—threatens platforms like Evemo, which offers modular solutions for managing car, bike, and scooter sharing via a unified app. To address these challenges, Evemo has partnered with iDenfy, a GDPR-compliant RegTech firm, to integrate automated identity verification and strengthen KYC (Know Your Customer) processes. Why Automated KYC Matters for Shared Mobility Evemo’s platform serves diverse mobility operators, from urban car-sharing networks to rural e-bike programs. However, manual identity checks previously slowed scalability and increased fraud…
Equifax UK has unveiled its cloud-native Business Intelligence Suite™, a groundbreaking toolkit designed to transform commercial lending strategies. Built on the UK’s first fully cloud-native commercial data platform, the suite equips banks and lenders with advanced analytics to tackle credit risk, fraud detection, and debt recovery challenges. Key Features of the Business Intelligence Suite: Leveraging Equifax’s secure cloud infrastructure, the platform accelerates decision-making while ensuring GDPR-compliant data handling. Partner institutions gain access to shared insights through a reciprocity model, while non-participating lenders can opt for tailored packages. Why It Matters: As the first UK credit agency to adopt a fully…
