Neobanks
Launch innovative lending and credit products to increase revenue
Challenges for neobanks today
Retail banking focused
A focus on spending and savings accounts leaves revenue on the table on the lending side
Ever-changing regulations
Staying compliant is never simple in an uncertain regulatory environment
Significant competition
The neobank market is fiercely competitive with everyone seeking unique differentiation
Negative consequences of challenges
Decreased revenue and margins
Interchange revenue is not sufficient enough to drive profitability
Regulations prohibiting innovation
Regulatory burdens cause neobanks to slow down and lose their competitive edge
Increased customer acquisition costs
Increased competition leads to unsustainable customer acquisition costs
The value that 600+ financial organizations achieve through LoanPro’s modern lending and credit platform
Drive meaningful growth by launching differentiated credit products
Launch any loan, line of credit, or credit card configuration imaginable- Go to market with a new product without having to complete a change order
Retain existing customers and cultivate cross-sell opportunities
- Automation engine solves problems before they arise
- Provide a delightful lending experience that allows you to expand your relationship with other products
Reduce risk of defaults and regulatory fines
- Use hardship programs to keep struggling borrowers engaged instead of dropping off, thus decreasing your default rates and losses
- Compliance Safeguard keeps your operations aligned with ever-shifting regulations to maintain positive relationships with sponsor banks and debt facilities
Increase operational efficiency with increased automation and configurability
- Embed your business logic into LoanPro’s Automation Engine to service lending and credit products in the background without having to hire customer support representatives
- Easily make changes yourself to your lending and credit products
How LoanPro
solves the problem
for Neobanks in a single platform
Modern Lending Core
Enable innovation through an API-first architecture to support unique credit programs
Origination Suite
Increase your conversion rate from applicants to approved accounts through highly configurable origination
Collections Suite
Build a high-performing portfolio with communications, hardship programs, and more
Payments Suite
Automate the payment process through PCI-compliant ACH, debit, and credit payments
Launch any class of loan, line of credit, or credit card on one platform
Installment loans
Create unique personal, small business, and commercial installment loans to differentiate in a crowded market
Lease
Quickly launch lease and buy now pay later products to drive growth and capture new markets
Line of credit
Add a line of credit to your existing spending account as an easy cross-sell opportunity
Credit card
Launch a truly differentiated credit card with innovative, patent-pending transaction-level credit
Custom
Have a unique idea? Launch any lending and credit construct imaginable using LoanPro
What our 600+ customers say about LoanPro
Why partner with LoanPro
The only lending platform at the intersection of innovation and scalability.
Innovate Quickly
- Configurable end-to-end platform
- Pre-configured templates for all classes of loans
- API-first to integrate with existing tech stack
Scalable Growth
- Launched over 2,000 credit programs
- 25M+ active loans on LoanPro
- Launch compliant loan modifications in days
LoanPro is never our long pole. We know that we are at the stage where anything is entirely possible, and it wasn't with our previous platform.
With the product that the agents were using before, they had to toggle in a lot of different places to efficiently service loans. LoanPro brought that all into a single place.
It's good to have a strong partner that focuses on technology and building an infrastructure platform. We get more leverage out of having a partnership than building something internally.
Launch lending products that drive profitable growth for your neobank
Talk with our team about LoanPro’s modern lending and credit platform today.