Plumery, a digital banking experience platform for customer-centric banking, today announced it has launched Digital Lending, a fully end-to-end digital loan origination journey that allows bank customers to go from application to disbursement in 180 seconds.

Plumery Digital Lending offers market-leading speed with banks, digital lenders and other financial institutions who are able to launch their new lending products in as little as 18 weeks, allowing firms to triple their loan portfolio and capacity while maintaining the same staffing levels.

Many financial institutions are still unable to offer a fully digital loan origination process to customers, forcing them to partially complete a process online before finalising with human intervention. Yet, firms need to move quickly to stay competitive in today’s fast-paced world and benefit from the highest interest rates in a decade. 

Ben Goldin, Founder and CEO of Plumery, said: “By transforming the loan origination process into a fully digital experience, banks and other financial institutions can meet the demand for seamless and efficient customer journeys. Firms can configure every aspect of the process, safe in the knowledge they are on top of bank-grade security and infrastructure.”

Digital Lending includes:

• Digital application through web and mobile interfaces
• Secure capture and storage of customer information
• Streamlined, compliant onboarding experience
• Automated application processing and data collection
• Integration with external data sources for accurate scoring and vindication
• AI/machine learning driven credit decisioning with customisable rules
• Digital document generation and e-signatures
• Loan disbursement and integration with core banking or loan management systems

With customer journeys built on the Plumery platform, firms can align with their unique workflows or adapt to changing regulatory requirements – and continue making rapid improvements from there. Plumery offers tools which both developers and business users can employ to make final adjustments, ensuring fast and affordable automation.